British Patient Capital has revealed it will commit €25m to Finch Capital’s Europe Fund III, a dedicated FinTech fund.
Finch Capital’s latest vehicle will target European FinTech businesses with high growth potential and will look to invest €2-10m per company, acquiring substantial minority stakes in scale-up fiems with €2-10m in revenues.
Finch – which has locations in both the UK and the Netherlands – plans to back 15-20 European start-ups, targeting liquidity three to five years post-investment, over the fund’s three-year initial investment lifespan.
British Patient Capital CEO Catherine Lewis La Torre said, “The UK has been a world-leader in financial services for decades and is now leading the FinTech revolution. Fostering innovation across the UK, and supporting innovation-led businesses, is vital to empowering our economy.
“With FinTech now accounting for around half of all technology deal flow in Europe, investing in Finch Capital’s Europe III fund provides a great opportunity to back companies leading in the sector. We are excited to work with Finch Capital as they continue to grow their presence in the UK and back the best UK and European growth stage fintech companies.”
Earlier this year, it was revealed that a group of senior financial industry figures are leading plans to create a new £1bn FinTech fund to speed up the growth of promising UK scale-ups.
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