BankTech Ventures has revealed its sustained dedication to forging brighter futures for community banks with recent investments.
In the latter half of 2023, BankTech Ventures has infused a total of $13.5m across six FinTech companies.
BankTech Ventures has a commendable history of investing, having allocated over $40m in firms chosen specifically for their collaboration with community banks. Their investments strategically target areas crucial to community banks, including revenue, deposit growth, security, compliance, data analysis, and customer marketing.
The fresh wave of investments aims to further assist community banks, ensuring they not only survive but thrive, in diverse areas ranging from revenue augmentation and deposit growth to enhanced security and customer outreach.
BankTech Ventures Managing Director Carey Ransom said, “Our mission at BankTech is to better connect fintechs and the community banking industry and we’ve built a team and ecosystem to facilitate this. Our banks can attest to the transformation opportunities and business growth we’ve all seen by hand-selecting some of the most impactful companies to work with community banks. We are passionate about finding the best companies to support the future of community banking, so they can thrive and continue to enable and support their customers and communities.”
Since its inception, BankTech Ventures has been a formidable player in the investment realm, with prior allocations exceeding $40m, focused primarily on firms collaborating with community banks. With over 100 banks associated with the BankTech Ventures Fund, an impressive pipeline of 1000+ companies, and 17 solid investments, the fund has left an indelible mark on the community banking landscape. Founded through a partnership of seasoned bankers and FinTech pioneers, BankTech’s central mission revolves around identifying and investing in avant-garde solutions tailored for community banks.
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