back Back

F10 secures funding round and management buy-in to fuel global growth

By Joy Dumasia

April 22, 2022

  • Digital Insurance
  • Europe
  • F10

F10, the leading innovation ecosystem for FinTech and InsurTech, with hubs in Switzerland, Singapore, and Spain, announced that it had secured a funding round in the mid-single-digit million range, as well as management buy-in by the F10 executive leadership, to support expansion into new markets and strategic capabilities. 

This funding round is led by Five T Fintech, with participation from Synpulse, Christian Frahm, Founder and CEO United Fintech, ON-POINT, and further investors. In addition to external investors joining, the F10 executive leadership team commits to the future of the F10 by taking a stake in the company in the form of management buy-in, making F10 an independent and self-funded company. SIX, a founding partner of F10, will hold a minority stake. 

The funds are intended to allow F10 to grow both into new geographies and in its current hubs in Europe and Asia. F10 corporate partners will benefit from early access to startups selected across all global programs. They will also benefit from the growing global network of partners, startups, investors, and increased deal flow and collaboration support. 

During this funding round, F10 strengthens its investment activity. F10 will take over the team of SIX Fintech Ventures, which will continue to provide investment advice for SIX’s CHF 50 million corporate venture capital fund that invests in global startups. On top of that, F10 will provide early-stage capital to promising firms, with the first F10 Incubation fund now in the process of being raised, and build a Global Investor Network, which is a structured Investor Relationship Management program for venture investors of all stages to invest in F10 startups directly. 

Andreas Iten, CEO and Co-Founder, F10, commented: “Securing this round of funding is the next step in our growth journey to drive innovation in the financial industry globally. We could not be more excited about the current and new investors supporting F10 in achieving this, including expanding our reach geographically and creating a seed fund to invest into startups in our ecosystem to drive their growth. I’d also like to thank SIX, one of our founding partners, for the support they have provided to F10, and I’m looking forward to continuing the close collaboration.” 

Daniel Schmucki, CFO SIX and initiator of SIX Fintech Ventures, added: “SIX has supported the F10 mission right from the start. We are committed to F10 in growing their international community of startups, incumbents, and investors and driving technology and digital transformation forward.” 

Francisco Fernandez, Chairman, FiveT Fintech, concluded: “We are thrilled to be supporting F10 and see room for exciting growth in new geographies, widening our network of FinTech startups and supporting global innovation.”

Previous Article

April 22, 2022

Abu Dhabi Commercial Bank joins UAE Trade Connect Fintech Consortium

Read More
Next Article

April 22, 2022

Bitfinex launches new markets for Luxochain

Read More

IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Digital Insurance

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 13, 2024

Fin+InsureTech Finsall raises $1.7m in Bridge Round led by Unicorn India Ventures & Seafund

Read More

June 12, 2024

5 RegTechs enhancing compliance for India’s BFSI sector

Read More

June 11, 2024

Mbank & team up to streamline insurance solutions

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023