Illuminate Financial Management Launches ‘Fintech Opportunities Fund’

Illuminate Financial Management (IFM) LLP, a venture capital firm established by Mark Beeston, has closed an initial round of capital raising for its recently launched IFM Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term Opportunities Fund, according to a Deutsche Börse statement.

The inaugural investment round has been spearheaded by financial information services provider Markit and Deutsche Börse Group. Illuminate Financial Management launched in February 2014, having already established a pipeline of early stage companies across the capital markets industry.

In particular, the IFM Fintech Opportunities Fund will be focused on Series A and seed financing rounds in an attempt to secure additional investments. Furthermore, the IFM fund will focus on fintech companies in such realms as compliance, Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and connectivity, among others.

The launch is the latest move by the London-based venture capital firm that has in its short existence developed a penchant for prompting and backing financial technology that benefits capital markets participants.

According to Mark Beeston, Managing Partner and Founder of Illuminate Financial Management, in a recent statement on the capital fund launch: “We are delighted to announce the first close of the Illuminate Fintech Opportunities Fund. Markit and Deutsche Börse are global fintech leaders whose clients will benefit from the technology firms Illuminate is already backing. We are pleased to have them both as lead investors.”

“Investing with Illuminate gives us deep insight into technologies and pioneering business models in our space. We look forward to collaborating with Illuminate to advise investment companies as they refine their business models and define their go-to-market approach. Fostering innovation is a pillar of our business strategy,” added Lance Uggla, CEO and founder of Markit.

Deutsche Börse made headlines last week when it reported its order book turnover across all asset classes during the month ending October 2015, which came in at $139.5 billion (€126.7 billion).