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Fintech

Fasanara Capital raises $350M to invest in crypto and fintech startups

11 May 2022 : 13:02
2 min read
  • Fasanara Capital, announced a $350 million investment fund to support fintech and cryptocurrency startups
  • The fund will invest roughly 60% of total cash in fintech startups and the remainder in crypto and web3 firms
  • From $350 million, According to the firm, around $100 million of that money has already been raised

Fasanara Capital, a London-based asset management firm, has announced a $350 million investment fund to support fintech and cryptocurrency startups.

First crypto fund

The firm, which manages $3.5 billion in assets, focuses on early-stage startups in the fintech and crypto sectors, a change from the firm’s last two venture funds, each worth $550 million and solely focused on fintech. Still, its primary focus will be fintech, with the fund investing roughly 60% of total cash in fintech startups and the remainder in crypto and web3 firms.

From $350 million, According to the firm, around $100 million of that money has already been raised. In terms of specific areas in which the firm is interested, it hopes to fund startups focusing on those establishing infrastructure and trading platforms.

The firm has already invested in two web3 startups: Twig, a London-based fintech that plans to develop a blockchain-based payment infrastructure, and Scuti, a gaming store looking to issue a gaming reward token.

What is Fasanara Capital?

Fasanara Capital, founded in 2011, is a fintech investment firm becoming increasingly focused on digital assets and lending technology. It is backed by the European Investment Fund, a Luxembourg-based financial institution that arranges small business loans through private banks and funds. The Financial Conduct Authority regulates the company in the United Kingdom.

ScalaPay, an Italian payment service provider, and Grover, a German smartphone and subscription service company, are two of Fasanara’s portfolio companies that have recently achieved unicorn status. A unicorn in the startup world is a company with a valuation of $1 billion or more.


About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and crypto start-ups.

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