Ayannah had raised $1m Series A in 2015 from 500 Startups & Life.SREDA
By Shiwen Yap
Life.SREDA will aim to reach a hard close of $50m by year end
Igor Pesin, a partner and investment director of Life.SREDA VC, said the firm would soon announce the first close of its blockchain fund at 25 million euros, as well as the its second close of its fintech fund, that is targeting to raise $100 million,with Leonie Hill Capital as the lead LP.
International fintech-focused venture capital firm Life.SREDA has signed a memorandum of understanding with Leonie Hill Capital (LHC), a Singapore-based private equity fund, to partner in financial technology investments in Asia.
Dymon Asia Ventures plans to make between 10 and 15 investments from its debut fund, with about 10% of the corpus committed to startups it plans to incubate, 20% to seed-stage firms, 50% across Series A and B rounds and the remaining 20% for select special opportunities.
Life.SREDA has launched a 100 million euro London-based ‘Banking on Blockchain’ fund targeting blockchain investments in Europe and Asia
“We have studied this company for several months,” said Christopher Low, CEO of SoftPay Mobile, adding that MPOS Technology is “a great fit with SoftPay Mobile.”
Fintech VC firm Life.SREDA graduated its initial accelerator batch, presenting them at their Demo Day concurrently as they opened their co-working space.
Philippine financial technology (fintech) company Ayannah is in the process of raising $3 million in its Series A round led by 500 Startups and Life.SREDA, and other fintech tech investors have already participated in the financing round.