Illuminate Financial Announces Strategic Partnership with SGX Group to Advance Asia-Pacific FinTech Innovation
LONDON, 29 November 2022 /PRNewswire/ — Illuminate Financial, the specialist venture capital investor dedicated to early-stage FinTech and enterprise software companies, today announced a strategic partnership with the Singapore Exchange (SGX Group), Asia’s leading international stock exchange with multiple assets.
In connection with the partnership, SGX Group will become a limited partner in Illuminate Financial’s latest venture capital strategy, which supports early-stage FinTech and enterprise software companies that are globally driving innovation in the financial services industry.
Amit Kediahead of Strategic & Fintech Investments, SGX Group, said: “As a cutting edge innovator in Asia’s capital markets infrastructure, SGX Group has invested in digital solutions and technology that capture the future of capital markets across asset classes. We look forward to working with Illuminate Financial, and to connecting with FinTech players globally who are at the forefront of innovation.”
Luca Zorzino, Head of Asia Investments at Illuminate Financial said: “We are delighted to work with SGX Group as our first strategic partner in Asia to continue to drive the FinTech innovation agenda Asia-Pacific. This expansion marks a natural progression in Illuminate Financial’s evolution as a global investor in B2B FinTech companies.”
Southeast Asia remains attractive for FinTech funding investment despite external pressures. Singapore accounts for a lion’s share of ASEAN FinTech investments, securing more than half of the total 163 deals, which make up 1.8 billion dollarsand 43% of total funding in the first three quarters of 2022, according to a UOB report.
Illuminate Financial is managed by Mark Beestonfounder and managing partner, together with partners Alexander Ross and Rezso Szabo. The venture firm, which operates from London, New Yorkand Singapore, has to date invested in more than 30 late-Seed to Series A companies addressing core challenges across financial services. Investment themes within enterprise FinTech include Digital Assets Infrastructure, Climate and ESG, Data and Private Markets, as well as Tech Infrastructure targeting the financial industry.
About Illuminate Financial Management
Illuminate Financial Management (Illuminate Financial) is a thesis-driven venture capital firm focused on FinTech and enterprise software companies that are defining the future of financial services. With offices in London, New Yorkand SingaporeIlluminate Financial’s deep network and trusted partnerships with key industry players provide real insight into what the industry needs and help its portfolio companies achieve their full potential.
Additional information can be found at www.illuminatefinancial.com | Twitter: @IlluminateFM | Blog: LinkedIn: https://www.linkedin.com/company/illuminate-financial-management
Mediation
Nothing in this press release should be considered a representation of the named institutions’ experience with, or endorsement of, Illuminate Financial, and it is not known whether the listed institutions endorse Illuminate Financial, or the advisory services offered. Past results are not an indication of future results. The contents of this press release should not be construed as legal, tax, investment or other advice, or a recommendation to buy or sell any particular security. Illuminate Financial Management 2 Ltd (FRN652957) is an appointed representative of MJ Hudson Advisers Limited (FRN692447) which is authorized and regulated by the Financial Conduct Authority.
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