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Finch Capital makes two new investments

Published 29 November 2017

Finch Capital has led Series A investments in two companies, Ayopop, an Indonesian mobile bill payment platform and a €2m investment in Ikbenfrits, a digital mortgage broker based in the Netherlands.

Finch Capital will join both companies’ boards.

From its offices in Amsterdam, London and Singapore, Finch Capital invests in innovative technology companies that are driving the transformation of the financial services industry. Its portfolio companies are solving problems associated with legacy financial services systems and innovating to increase revenue, reduce costs and improving customer interactions.

Radboud Vlaar, Partner at Finch Capital said: “We are the only fintech VC to focus on start ups in both Europe and South East Asia and are seeing significant innovation in these markets. In Europe, financial services represents 30% of GDP: it is well established but ripe for innovation. By contrast, in South East Asia, the opportunity lies in the new technologies that are, for the first time, providing financial services to a large underserved market. We are specifically interested in Indonesia as it is predicted to be the world’s 4th largest economy by 20501. These market dynamics provide exciting investment opportunities for us.”

Hans de Back, Partner at Finch Capital commented on Finch Capital’s Indonesian investment: “Ayopop’s platform gives consumers an efficient way of making bill payments and illustrates how customers are using new avenues to achieve this. We were impressed with Ayopop’s growth, execution and product development. Ayopop has become a one-stop payments solution for Indonesian consumers that takes care of a variety of their needs. We look forward to working with the team during the next growth phase.”

Radboud Vlaar comments on Finch Capital’s investment in Ikbenfrits: “Since its inception in 2015, Ikbenfrits has brought significant efficiencies to the proptech industry, by targeting the refinance mortgage niche. Although the Netherlands is the second largest mortgage market in Europe, it has until now been fragmented and difficult to navigate. We are thrilled to work closely with the Ikbenfrits team, who in a short time have gained the largest on-line market share in this region, proving the company’s utility and potential to scale.”

Finch Capital works closely with its portfolio companies to help them penetrate their target markets. Its recent investments include: UK digital mortgage broker, Trussle; Dutch insurance platform, Digital Insurance Group; Switzerland-based customer insight software company, Squirro; Spanish security policy automation company, Intelliment; and Indonesian digital financial services provider, Cermati.

Finch Capital is the new brand name for the firm and its fund, Finch Capital Fund II, previously known as Orange Growth Capital (OGC) and OGC Fund II respectively. Originally named “Orange” to reflect its Dutch heritage, the new name reflects the firm’s global reach with an emphasis on Europe and South East Asia. OGC Fund I (Dutch ICT fund and Growth Fund I) will not be rebranded.



Source: Company Press Release