28 June 2017
visit www.finastra.com

Mobile-first US bank Bee joins AXA startup portfolio

22 December 2015  |  10827 views  |  0 Benjamin franklink US Note

AXA's $250M venture capital fund dedicated to emerging strategic innovations in insurance and financial services has added four new companies to its portfolio, marking a total of $6 million in seven US startups since the fund was launched in February of this year.

New companies added to the AXA portfolio are mobile-first bank Bee, predictive analytics company PriceMethod, online stockpicking firm GoldBean and marketing platform CoPromote.

Bee was launched in New York in June and has so far picked up 3200 clients. The direct bank is on course to start operating in San Francisco and Oakland this month.

These four companies join ASV’s US portfolio, which also includes investments in PolicyGenius, Limelight Health and VolunteerSpot.

ASV US's general partner, Manish Agarwal says the fund plans to continue a similar pace of investments in the coming year.

“Our world is becoming more transparent, digitally enabled and customer centric,” he says. “These developments are changing financial services and we are excited that our portfolio is helping shape this trend. Through these new companies, we want to capture innovation and invest in technologies that will tomorrow transform our industry.”

The fund currently has four offices in San Francisco, New York, London, Paris and will soon open an outpost in Hong Kong to tap into the burgeoning South East Asian startup community.

AXA has already successfully seeded start-ups in Europe, with investments in five companies through the “AXA Seed Factory” - a seed fund launched in France in June 2013 that has since been folded into AXA SV.
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

AXA sets up EUR200 million disruptive venture fund

AXA sets up EUR200 million disruptive venture fund

25 February 2015  |  7235 views  |  0 comments | 13 tweets | 11 linkedin
AXA opens API store for developer community

AXA opens API store for developer community

19 March 2012  |  21648 views  |  2 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the report nowvisit wavestone-advisors.co.ukvisit www.events.sap.com

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9089 views comments | 19 tweets | 37 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8610 views comments | 9 tweets | 6 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
8437 views 0 | 4 tweets | 2 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7445 views 0 | 8 tweets | 7 linkedin
Asia still top dog for payments innovation but Europe gaining groundAsia still top dog for payments innovation...
7389 views comments | 10 tweets | 9 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job