Fintech angel network gears up for launch

Fintech angel network gears up for launch

Susanne Chisti, a former global project manager at Deutsche Bank, is to launch a new angel network focused solely on opportunities in the fintech sector.

The Fintech Circle launch event will take place at Canary Wharf accelerator space Level39 next week. Chisti's ambition is to create a vetted and curated network of investors, business leaders and influencers who are prepared to act as angel investors and/or Non-Executive Directors (NEDs) to fintech startups.

Companies pitching to Circle members can be at proof of concept, seed, pre- or early revenues stage and capable of achieving high growth and a realistic trade sale exit within a 5-7 year horizon. Fintech Circle investments will target an average range of about £75K to £500K per company; where more funds are required co-investments with partner syndicates will be considered.

Fintech Circle will act as a gatekeeper and facilitator reviewing the business plans, meeting the entrepreneurs and deciding which propositions should be presented to all angels.

Says Chisti: "We believe that syndication of angel deals and sharing of information and experience among our members whose skills and experience complement each other, puts us in a unique position to review new fintech opportunities together and select the best as a team."

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