![]() ![]() I have also noticed that the level of sophistication has increased that leads to a higher demand for professional investors that understands the financial ecosystem," NFT Ventures chief executive and founder Johan Lundberg told Sifted. We have also noticed that the established fintech companies has secured growth, traction and face a bright future. "I have followed the Fintech development in northern Europe closer than many others and the level of maturity and development is highly impressive. In its short time, it's already seen five fintech exits, according to Pitchbook. Its central thesis is that banking and financial services is set for the same technological disruption seen in mobile, media, and airlines. Having invested primarily in Swedish fintechs, the 12-person team recently launched a second fund to focus on Finland. It is a fintech-first, early-stage fund, but has also backed a handful of travel and delivery startups. Standout investments: Capcito (post-2015), Credit Kudosįounded in 2014, Sweden's NFT Ventures has developed one of the largest fintech portfolios in Europe. ![]() By the same logic, SoftBank made up 25% of all fintech capital pumped into the UK last year, thanks to a $800m investment in Greensill and $440m into OakNorth. Meanwhile, American venture capital funds like Accel are also increasingly prominent in later rounds in Europe, but less so at early-stage. For instance, Augmentum - the publicly-listed fintech fund - has been a major source of investment in Europe but less so at the early-stage level (it's made 11 Series A fintech investments). It's also worth pointing out a couple of other reputable players to give a complete picture. This follows the trend for Series A funding in Europe across sectors. The data shows that the main early-stage financiers come from venture capital firms in the UK and Germany incidentally, the countries that also receive the most fintech funding overall. * "Fintech" encompasses the following sub-industries: payments, banking, investing, mortgages and lending, financial management solutions, insurance and cryptocurrency/blockchain. ![]()
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