Clocktower Group’s Enterprise Capital Funding Arm Launches Latin America Fintech Fund

Clocktower Expertise Ventures (CTV), the enterprise capital funding arm inside Clocktower Group, introduced on Wednesday the launch of its first enterprise capital fund devoted to monetary providers innovation in Latin America. CTV confirmed it has already held a primary closing and is concentrating on a $25 million technique.

CTV defined its international fintech enterprise platform has supported monetary providers innovation in sectors akin to insurance coverage, funds, private finance, lending and credit score, asset administration, actual property finance, and banking.

“The agency’s experience investing throughout monetary providers and its relationship ecosystem of worldwide institutional allocators, policymakers, and hedge fund managers have created a group that provides a definite value-add to portfolio firms.”

Whereas sharing extra particulars concerning the fund, Ben Savage, Associate at CTV, acknowledged:

“The present oligopoly of established monetary establishments has not been in a position to present the entry and high quality of service that we’ve seen technology-driven firms present in different markets. We’re excited to deliver our established funding strategy and experience in fintech investing to the Latin America area.”

CTV additional famous key buyers embrace establishments akin to Hirtle Callaghan, an outsourced funding workplace for households and establishments that manages roughly $18 billion, together with hedge fund CIOs akin to Alan Howard, Philippe Jabre, Glen Kacher and John Burbank’s Passport Basis

CTV then added since launching in 2015, it has invested in 96 fintech firms in North America, Europe, and Latin America.