AXIS Capital

We propel early-stage fintech startups in the UK and EU. Our comprehensive view of the fintech landscape has seen us back ambitious entrepreneurs solving global problems in financial services, and the connected sectors influencing the future of financial services for companies, societies and everyday people. Our approachA carefully curated team: Our team is tightknit, fast moving and vigilant for every chance to add value. Building trust from day one: We aren't just sporadic board attendees; we live and breathe the ambitions of our founders. Sector specialists: We leverage our sector-focussed networks and resources to create maximum impact as quickly as possible. Committed to the journey: We continue to support our companies through multiple rounds of further funding, injecting tangible value adds at every step. Is Outward the right partner for you? Our sweet spot is companies: raising £1-6m based in the UK or EU with global ambitions showing clear evidence of traction with a mission driven team FAQsIn terms of revenue milestones and other KPIs, at what stage does Outward invest? We do not have rigid must-haves on revenue and business traction. As no two businesses are the same, we look at multiple and diverse data points to build conviction on the need for a product or service to exist. You may have a small number of customers yet you have amassed engagement data indicating product/market fit. You may have minimal revenue yet your launch customer(s) are influential and evangelical about your product. How much does Outward typically invest in the first investment round? Our initial entry investment is £750k to £1.5m in funding rounds of £1m to £10m. We reserve the majority of our funds to make follow-on investments in our portfolio companies. Does Outward take a lead investor role? As decisive, first-mover investors, we are experienced at performing a lead investor role in coordinating other investors in the funding round. That said, our approach is always collaborative and our priority is to ensure the best outcome for the investee with minimal fuss. As such, we are equally happy to co-lead or follow terms set by a lead investor depending on the round composition. What does the typical investment process look like? We are a small and nimble team, and as such, we try to keep our investment process as streamlined as possible. Initial conversations with founders will be focused on building conviction on these five questions which may take place over 1-3 calls: 1) Why will this team succeed? 2) Why is this market attractive? 3) Why does this product need to exist? 4) Why could this company become a category leader? 5) Why does Outward VC need to invest? Once the investment team is confident, we invite founders to a meeting with all seven team members. Following this, we will debate internally and come to a decision on whether or not to invest. Who are Outward’s Limited Partners? The fund’s cornerstone Limited Partners are two international financial institutions – Investec Bank and NIBC (Blackstone Group). In addition, our Limited Partners comprise a range of institutions, family offices and private investors, many of whom have extensive global networks in financial services. How do you help and support founders post-investment? Post-investment, our mission is to provide tailored support to our portfolio companies. This includes new hires, commercial partnerships, board construction, positioning for the next funding round, and marketing support. To ensure we understand the needs of the business, a Board Observer right is a part of our investment terms. Before choosing us as an investor partner in your business, we ask that you speak with the founders in our portfolio to understand Outward’s pragmatic and high-impact approach to adding value post-investment. What is Outward’s definition of fintech or ‘connected fintech’? A quick review of Outward’s existing portfolio should give a flavour of our broad definition of fintech. Our mission is to empower start-ups seeking to be the most important fintech companies in the world. We cover the full range of financial services from banking to capital markets to asset management to insurance, and our portfolio is equally weighted across B2B and B2C. In addition, we also actively seek out adjacent and connected sectors that we believe will have a key role shaping the future of financial services.

Allstate Strategic Ventures is responsible for corporate venturing activities that deliver both strategic and financial value through minority investments, business partnerships, and other strategic relationships. The focus of the group is to accelerate Allstate’s business strategies and create new business opportunities by accessing emerging markets, capabilities, products/services, and talent. Internally, the team works with leaders across the business to identify key investment focus areas and priorities to focus investment and business development efforts as well as coordinate the interaction between Allstate and investment portfolio companies. Externally, the team works with venture capital firms, incubators/accelerators, universities, entrepreneurs, and other third parties to identify technologies, capabilities, companies, and management teams that help us to strategically grow and transform our business.

We’re a corporate venture capital program that seeks to invest in emergent and potentially disruptive technologies or business models that are redefining a sector or creating a new one. Our goal is to accelerate the launch of new platforms or drive new product development opportunities. If you’re carving out a bold new space in the fintech ecosystem, we’d love to talk. What we’re looking forEarly stage: Series A and B, with exceptions for Seed and Series opportunities. Strategic focus: Minority investment opportunities that we believe may benefit SEI or the ecosystem of clients we serve. Solutions: B2B or B2B2C, SaaS-based solutions. Industry sectors: Capital markets, wealth management, lending and credit, insurance, banking, blockchain and digital assets, regulation technology, and more. Technology sectors: Artificial intelligence, cybersecurity, , cloud services, augmented and virtual reality, future of work, and more. Why work with SEI Ventures With relationships spanning the wealth and investment management industry, we are uniquely positioned to address the emerging and increasingly converging needs of wealth managers, investment managers and investors. As a result, portfolio companies have the potential for market validation, technology expertise, industry expertise, consulting and insight, diversification, distribution opportunities, partnerships opportunities and exit opportunities. Discover SEI We deliver technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, we work with corporations, financial institutions and professionals, and ultra-high-net-worth families to solve problems, manage change, and help protect assets.

We look for startups to address global climate and UN Sustainable Development goals in the following areas: Low carbon mobility solutions Sustainable Energy & Resource Optimization: We're looking for companies that can help power our societies with cleaner energy and optimize our resource utilization to hand over our beautiful earth to the next generations. Sustainable Food & Agriculture: We look at solutions that enable a regenerative and carbon-negative economy, such as alternative protein, ag innovation, carbon sequestration, and blue economy. Sustainable production and heavy industry: We support innovative technologies and solutions eliminating carbon from society in industry, such as alternative plastics, sustainable materials, and processing Decarbonized built environment: We support innovations that contribute to energy efficiency, low carbon construction, and end-use. Integrated Solutions: Further holistic decarbonization efforts such as carbon capture, circular economy, climate risk, insurance tech, green finance, behavioral change, consumer B2B+B2C solutions including carbon accounting, reporting, and more Vectors Impact Pledge We are dedicated to supporting companies that can create a positive impact in solving global challenges. We encourage our portfolio companies to sign the Vectors Impact Pledge, which they quantify their current positive impacts and their long term impact goals

Founded in 2017 by Dan Kimerling, we exclusively focus on financial technlogy investments with interests in payments, lending, insurance, regtech, risk mananagement, capital markets, trade finance, personal finance, savings, marketplaces, and much more. Deciens support entrepreneurs leading the digital transformation of long-standing institutions by collaborating with companies like Chipper Cash, the largest African fintech, Treasury Prime, the leading banking as a service company, and Therma, which helps measure, monitor, and protect climate sensitive supply chains around the world. Deciens seeks visionary founders at the earliest stage of their company's life. We support our founders with advice, expertise, relationships, and, yes, capital. We seek to be the first material capital invested into companies of consequence. They tend to have increasing returns to scale, deep moats, and operate in winner take all markets of substantive size.