Finch Capital Promises Fintech Investment

13 Feb 2019 | 10.42 am

Finch Capital Promises Fintech Investment

Taxpayers stump up €10 million through Enterprise Ireland

13 Feb 2019 | 10.42 am

Finch Capital, an early-stage venture capital firm with offices in Amsterdam, London and Singapore, has announced plans to invest €20m in Irish fintech startups.

Finch Capital is partnering with Enterprise Ireland for the fund, after the state agency invested €10m. In 2018, Finch Capital closed its second funding round, with commitments of €110m, including the €10m from EI.

The announcement of Finch Capital’s first targeted foray into Ireland was made today at a fintech event in Dublin, which was organised by Enterprise Ireland.

Finch Capital’s fund will focus on early-stage companies in the financial technology and deep tech sectors, including AI, security and the internet-of-things.

Last year, Finch Capital was among the backers in a €4m Series A fundraiser for Supply Finance, a Dublin-based fintech startup.

Radboud Vlaar, partner in Finch Capital, said that Ireland has established itself as a leading European fintech and technology hub. “We are delighted to be establishing a presence here in the Irish market to support bold entrepreneurs transforming the financial services industry,” he continued.

Kevin Sherry, executive director of global business in Enterprise Ireland, added that Finch Capital will bring “proven additional capacity and resources” to Ireland.

Photo (l-r): Minister Michael D’Arcy, Radboud Vlaar, minister Heather Humphreys and Kevin Sherry (Pic: Shane O’Neill/SON Photographic)

 

 

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