SBT Venture Capital: Actively Investing in European Fintech…
SBT Venture Capital recent announcement of a second multi-million investment in Walkbase soon after investing in Sequent has intrigued local UK analysts. Leading Fintech commentator, Russ Shaw, recently noted the emergence of London as New Yorks’ top tech competitor – echoing Mayor Bloombergs refrain. How long will it be before SBT VC bring their flair and backing to Londons Fintech scene is a question being voiced more often now as the Capitals technology clusters and hubs seek backing for their new ventures? With the recent £70 million KPMG Capital fund launch, following so soon after the worlds first dedicated Fintech fund launched by SBT Venture Capital. KPMG chose London as the base for its new fund which will pour over £70 million pounds into a fund dedicated to investing in data and analytics businesses.
In response to a question from Alex Derber, of Thomson Reuters, Matteo Rizzi responded that SBT VC”..welcome disruptive startups. We consider it as an opportunity to adapt the business models. Investing in them fits into this strategy..”
Listen to Matteos thought leadership as he continues his Fintech World Tour with a panelist session at the European Venture Summit 2013 in Kyev on Dec 7th
What next for the joint driving forces behind SBT VC, Matteo Rizzi and Mircea Mihaescu. One thing is certain, it won’t be long before other announcements are made.
About SBT Venture Capital
The worlds first Fintech Venture Capital fund
SBT Venture Capital is managing an early stage $100million, increasing to a possible $700 million over 3 years, strategic venture capital fund focused on investing in technology innovations that have a significant impact on the financial services industry. The fund principal investor is Sberbank, the largest bank in Russia and Eastern Europe. www.sbt-vc.com
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