20 August 2017
Find out more

Fintech veterans create new investment vehicle

18 January 2017  |  4642 views  |  0 blurry people

Motive Partners, a fintech investment vehicle backed by veterans of the global financial technology industry, has made its first deal, investing $7 million in FX compression outfit LMRKTS.

Motive Partners has an illustrious roster of big hitters onboard, including Rob Heyvaert, founder and CEO at Capco, Stephen Daffron, previously CEO at Interactive Data Corporation and global head of technology & operations at Morgan Stanleys, Michael Hayford, ex of FIS and Metavante, and Innovate Finance chair Alastair Lukies.

The new venture, which has secured the backing of Warburg Pincus, says it plans to "invest, operate and innovate" across the financial technology ecosystem in London and New York. Earlier this month the firm filed a Form D with the SEC noting that it was raising $150 million.

Says Heyvaert: “We believe that financial services is in the middle of a perfect storm of change, driving towards a better customer experience, frictionless technology integration, new standards and most of all a ‘democratisation of access’ to financial services around the world. These transformational forces will persistently present meaningful investment opportunities to sector specialists. Given the experience and knowledge of the team here at Motive Partners, we are uniquely positioned to capitalise on this opportunity in the market."

LMRKTS, a US-based firm which names former US Treasury Secretary Larry Summers as a member of its advisory board, is competing in the same market as TriOptima, removing redundant derivatives trades from the balance sheets of Wall Street counterparties. The firm is understood to be looking for a total funding round of $14 million to bolster its business as it moves into other asset classes.

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 blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9014 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7854 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7257 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6468 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6338 views comments | 11 tweets | 9 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job