Illuminate Financial Management promotes Asia manager Luca Zorzino to partner
LONDON, March 21, 2023 /PRNewswire/ — Illuminate Financial Management is pleased to announce that its manager for Asialong-time team member and experienced FinTech investor, Luca Zorzino, has been appointed partner.
This move will see the team strengthen its presence Singaporewhile they continue to drive investment in Asia-Pacific B2B FinTech. As head of Asia Investments, Lucas brings nearly a decade of early stage investment experience Singapore the businesses Tookitaki and Osome. In addition, the team has hired its first Investment Associate i Singapore office.
Mark Beestonfounder and managing partner of Illuminate Financial, said:
“The partners at Illuminate are delighted to welcome Luca to the partnership team after working together for almost 8 years. Luca has truly established the Illuminate Financial Management brand and partnership model in Asia region and we look forward to continuing to invest in the growing Asia Fintech opportunity with Luca at the helm.”
In addition, Luca Zorzino commented:
“This is an exciting time to be doubling down on opportunities Asia-Pacific. We have observed the B2B Fintech market in the region maturing over the past decade, and Singapore has become a hub for ambitious entrepreneurs building global businesses from the early stages. I’m excited to lead our expansion and connect with the local ecosystem.”
Southeast Asia remains attractive for FinTech investment, despite external pressure. According to recent research from KPMG’s Pulse of FinTech report, 2022 Singapore’s FinTech funding reached a three-year high of 4.1 billion dollars, up 22% year-on-year. Furthermore, 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.
Luca can be reached at [email protected]
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. To date, Illuminate Financial has invested in 30+ late-Seed to Series A companies, addressing core challenges across financial services. Illuminate is focused on investment themes including Digital Assets Infrastructure, Climate and ESG, Data and Alternative Investment Infrastructure, as well as broader technical infrastructure targeting the financial services industry.
With offices in London, New York and Singapore, Illuminate 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 is available at www.illuminatefinancial.com
Twitter: @IlluminateFM
Blog: https://medium.com/illuminate-financial
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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