A $20 Million Fund Set Up By Vera Equity Is Targeted At Early-Stage Fintech Companies

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StellarFi, which strives to simplify consumer credit creation, and Tandym, which focuses on private label card programs for online small and medium-sized businesses (SMBs), are among the 20 companies it has supported thus far, according to the statement.

“The key to early-stage entrepreneurship success is having the right team in place to craft and execute on the vision,” Stadler said in the statement. “We were able to leverage True’s existing networks in the global technology, financial services, and FinTech spaces with our first fund to prove out a playbook that we hope will be repeatable across other sectors where True has a presence.”

Among the 20 companies it has supported thus far are StellarFi, which wants to simplify consumer credit creation, and Tandym, which focuses on private label card programs for online small and medium-sized businesses (SMBs), according to the statement.

“The key to success in early-stage entrepreneurship is having the right team in place to craft and execute on the vision,” Stadler stated in the announcement. “With our first fund, we 

were able to leverage True’s existing networks in the global technology, financial services, and FinTech spaces to prove out a playbook that we hope will be repeatable across other sectors where True has a presence.”

In other venture capital news, Vesey Ventures announced on April 20 the creation of a $78 million debut fund targeted at early-stage FinTech startups.

Dana Eli-Lorch, Lindsay Fitzgerald, and Julia Huang, the Vesey Ventures founders and former Amex Ventures managing directors, have almost a decade of experience investing together and developing relationships between FinTech businesses and financial services organizations.

A week ago, it was revealed that the British venture capital firm Albion Capital had raised £80 million (about $99.8 million) for its portfolio firms.