IA Capital Group

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.

We partner with phenomenal entrepreneurs who have the vision and drive to reinvent financial services, investing from the earliest seeds of startup life to businesses scaling for growth. We support leading companies across all sectors of financial services, including lending, credit & banking, payments, insurance, capital markets & investments, personal finance, enterprise financial stack and real estate finance. Our distinctive approach to fintech venture capital is crafted around a curated network of global macroeconomic thinkers and investors. Launched in 2015, Clocktower Ventures is the technology investing affiliate of Clocktower Group, a global macro investment firm. We are based in Santa Monica, CA and invest worldwide.

The Internet has reached in, grabbed, and made the world we once knew totally unrecognizable. Yet the world of finance is, sadly, totally recognizable. The way we transact, save, borrow, invest and manage our money has barely advanced. Yes, there has been some recent innovation– we’re proud to have invested behind many of the intrepid entrepreneurs who are leading the charge – but it is far from enough. In short, we are still at the beginning of the beginning. Case in point: less than 1% of all loans in the world are made online. (Yeah, you heard us right). We’re all stuck in a financial time warp. And just like newspapers, travel agents, hotels and taxi companies have been turned upside down from outside the cozy confines of their industries, don’t expect banks to lead us out of the warp. They’ve proven themselves either unable to create internal environments where innovation can flourish – or simply unwilling to change even though it’s best for their customers. Ribbit Capital is a global investment organization with one single, relentless mission: to change the world of finance. When we look back at our mantra from the day we launched in 2012, the beliefs and values motivating our mission have not changed. This we believe:We believe the unstoppable movement of consumers and business owners to mobile will resound in financial services for decades to come. We believe change favors new entrants and their new brands. We believe that legacy players will lag and sputter. We believe consumers are ready to be inspired. Over the past few years, our convictions have deepened. We have invested in visionary entrepreneurs who are also hard-headed pragmatists. We’ve given them support, guidance, and running room. And we’ve watched with awe as they have begun to reshape the financial world. Our goal isn’t just to write checks. It’s to deposit and grow ideas. We look at finance with a hungry eye for change, and with a desire to share our learning and experience – including some painful mistakes along the way –with ambitious entrepreneurs. When they succeed, they will create the next JP Morgans, Citibanks and Schwabs - tomorrow’s enduring brands. “Our goal isn’t just to write checks. It’s to deposit ideas.” For us, the passion is also personal: we have lived through hyperinflation in two countries, started innovative financial services businesses on three continents, and been regulated by seven governments. Since launching Ribbit, we have invested behind entrepreneurs in ten different countries who are providing financial services to customers in nearly every major city on earth. We invest this broadly because the tectonic shifts we are funding are deep and global. Millions who are joyfully stepping into the middle class now have opportunity to interact with the formal financial system for the first time. Consumers everywhere are waiting expectantly – and often with mounting frustration – for financial services providers to finally bring them true efficiency, transparency, and radical simplicity. The next generation of consumers has about as much patience for Big Finance as they do for Big Anything. Driven by this, we will help create and nurture a thriving, bustling new world in lending, personal finance, insurance, financial software, bitcoin, and more. The technology is here - the Internet, social networks, smart phones, electronic payment systems, and massive processing power in the cloud. The ideas are here as well. What’s in short supply is the investment focus, support, and partnership to accelerate their success. It takes money to change money.

With an agile and flexible structure, Itaú Ventures was created with the objective of bringing investment management even closer to the bank’s operational and strategic needs. Under the leadership of Philippe Schlumpf, superintendent of Itaú Ventures, the fund will have a dedicated team and will be linked to the Proprietary Business Executive Board of Itaú Unibanco. Itaú Ventures Highlights: Initially committed amount of R$500 million under management, with forecast to allocate R$250 million in two years Investment ticket starting from R$20 million Focus on Brazilian and Latin American startups Strategic investment areas: Payments, Wealth, Insurance, Credit, Cybersecurity, Financial Services, UX, Infrastructure and Artificial Intelligence Performance aligned with the bank’s strategic priorities Close monitoring of investments and knowledge sharing

QED is the premier VC in the fintech space. We are operators well regarded for our expertise, engagement, and empathy. We invest in businesses that disrupt and empower. Fintech is about leveraging the best aspects of technology – mobile adaptation, optimising data, agile tech build, and heightening rapid learning – to make financial services better for consumers – through driving adoption, reducing friction, and creating transparency. Fintech is doing all of this rapidly, cheaply, and in modular/flexible form. But at its core, it’s about solving a problem for a user. Our Philosophy On their own, small hurdles are often easy to overcome. But stacked together, many small hurdles can present an overwhelming challenge, even for the best founder. We call this .8^5. It’s our job to help companies improve their chances of success. Back to Basics If you know anything about us, you will know we are fanatically focused on unit economics. Curious about the other principles we hold near and dear? Our Investment Criteria We invest in early-stage, disruptive financial services companies in the U.S., U.K. and Latin America. Our initial investment size typically is around $5M with significant reserves for follow-on. We keenly focus on talent. To build conviction around an investment, the company must have amazing leadership. This means that management is balanced and transparent, open to advice, and focused on unit economics. After all, Fintech is hard and we strive to work with CEOs who innately understand this. Founders who think they know all the answers are subject to stumble. We focus on companies who are unrelenting. Fintechs need to push through constant challenges in order to be true disruptors. The business must solve a real problem or create a palpable benefit for the user.Beware of technology zealots in search of a problem to solve. We are customer first in our thinking. The business must be thoughtful about managing opportunity and risk. Solving a narrower problem well is less risky, but often has less upside, than solving a bigger problem with a larger TAM. QEDis also hypothesis driven. We develop hypotheses, evaluate the universe of companies in the space, and apply full-court press to convert the best we can find. If we don’t reach a deal with a company we believe in, or if we don’t find one, we test further. Sometimes we will build it ourselves or assemble a team to build it and fund them from day zero. In that case, we tap into theCapital One diaspora – a now global network of industry leading business-builders with expertise in all aspects of financial services. We have had great success doing this through our Belay platform, building companies such as ClearScore, Wagestream, minu, MotoRefi, and two other companies that will be announced later this year, and we have scores of ideas in the pipeline.

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.