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Fintech investments

Developing safer, faster, fairer financial systems

Our Fintech portfolio

ManyPets logo
ManyPets logo

Backed in

2016

Status

Current

Founder(s)

Steven Mendel & Guy Farley

About ManyPets

ManyPets provides award-winning pet insurance that has been built around the needs of pet parents. They take a fresh approach within the industry, including policies for existing conditions and access to a video-calling service that connects pet owners with vets, giving them quick access to animal expertise and extra peace of mind. The claims process has been designed to be easier and all doable online, with live updates on claims and a friendly support team on hand.

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Token logo
Token logo

Backed in

2010

Status

Current

Founder(s)

Steve Kirsch
Fintechtoken.io

About Token

Token is an open banking platform driving the shift from card to bank payments.

Since 2016, it has pioneered innovation in payment initiation and data aggregation technology. It made history by conducting the first end-to-end payment through a public bank API in the UK in 2018.

Today, Token is driving the move from cards to faster, fairer, lower-cost bank payments across Europe, processing millions of payments annually for over 80 banks, payment service providers, gateways and large merchants.

Token offers best-in-class open payment and data connectivity in Europe, spanning 14 EU countries, and representing over 210 million potential end users of Open Banking services and over €13tn in customer deposits. All through a single API and interface.

Token’s focus on payments has enabled it to develop deep functionality that makes accepting direct bank payments elegant and simple. Meanwhile, its enterprise-first approach enables other players in the existing payment value chain to bring direct bank payments to their customers.

With Token’s complete open banking toolkit, businesses can create new capabilities and revenue streams, blending API-based payments and data to reinvent financial experiences faster and more efficiently.

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Elliptic logo
Elliptic logo

Backed in

2014

Status

Current

Founder(s)

Adam Joyce, Tom Robinson & James Smith

About Elliptic

Cryptoassets are fast becoming part of the mainstream financial ecosystem and are providing the foundation for a new, decentralised financial system.

Elliptic is driving development and innovation in cryptoasset, helping crypto businesses and financial institutions to grow, and offering protection as new blockchains emerge and regulations evolve.

Elliptic monitors 98% of all cryptoasset trading volume, screens more than $1bn of transactions each week and has collected more than 100 billion cryptoasset data points.

Having worked for regulated financial institutions, Elliptic’s founders understood the cryptoasset industry would have to operate within financial crime regulatory frameworks to reach its full potential.

This led to the creation of the world’s first compliance tools based on blockchain analytics, in 2015.

Today, Elliptic provides: crypto investigations, wallet screenings, asset coverage, transaction monitoring, holistic screening through the entire crypto ecosystem, and nuanced, risk-based virtual asset service provider screening.

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Minimum logo
Minimum logo

Backed in

2020

Status

Current

Founder(s)

Chris Winchurch, Freddie Evans & Freddie Green

About Minimum

Minimum is a carbon accounting system that allows businesses and investors to calculate, report on and reduce their carbon footprint.

Sustainability is a major focus for businesses now, because consumers demand it. And carbon reduction and removal is something we as a society need to address urgently. Minimum makes effective climate action so accessible for businesses, that there really is no reason not to embrace it.

The company offers two packages. Minimum for corporates includes automated carbon accounting and management, net-zero planning, reporting, and more. Minimum for investors helps implement investment decarbonisation strategies, as well as carbon accounting and management for funds.

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Skew logo
Mosaic logo
Vitesse logo
Vitesse logo

Backed in

2020

Status

Exited

Founder(s)

Paul Townsend & Phil McGriskin

About Vitesse PSP

Even in our high-speed, tech-savvy world, it can still be painfully slow to make payments across country borders. Vitesse was created to fix the outdated payments process, providing a smart alternative to making global payments.

Vitesse PSP provides cross-border payment services to banks and businesses via a globally distributed settlement network. Through a single integration, merchants gain access to domestic routing, leveraging lower payment costs and delivering payments seamlessly. This network is overlaid with a Vitesse-built treasury platform and can be connected to via API or an intelligent user interface (UI).

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Bondeval logo
Cobee logo

Who we’re backing

We stand with the startups that are redefining financial services, driving us toward a future of safe, efficient transactions that occur faster than the speed of thought. We back the people who are disrupting traditional services – the category-defining companies helping consumers and businesses as their relationships with money radically change. They’re breeding new tech, creating new markets and removing friction to give people better value and access to their money.

Why us?

Our Fintech portfolio is at the forefront of innovation, working towards faster and safer means of exchange, broadened access to financial infrastructure, better protection against risk, and more. Our skilled team has backed companies such as open banking payments platform Token, blockchain analytics provider Elliptic, pet insurer ManyPets and carbon accounting platform Minimum. We have an office in the US and extensive resources to help founders who are based or expanding there.

The investment process

These are the general steps we follow – note that the process is slightly different at the pre-seed stage of investment.

Step 1

Send us your deck – if we think we’re a fit for your business, we’ll set up a call

Step 2

Meet some of our investors at a discovery meeting

Step 3

We’ll visit you at your office and spend some time with your team

Step 4

Present to our wider team at a partnership meeting

Step 5

We’ll tell you our final decision – if we’re not investing, we’ll say why

Our Fintech portfolio founders

For the pet parents: Steven Mendel and Guy Farley

Fintech
Steven and Guy wanted to create an insurance company that their customers would actually love…

Read our Fintech blogs