B2Broker Group, one of the leading technology and Liquidity providers for the FX and crypto industry, recently announced the launch of a $5 million venture capital fund, B2Broker VC.
According to an official announcement shared with Finance Magnates, the newly launched venture fund will enable the investment in, and nurture of external projects that are of interest, such as new fintech startups and payment systems, and will create synergies for the group.
B2Broker highlighted that B2Broker VC is led by a team that is one of the most successful and fast-growing financial technology groups with in-depth expertise in sectors ranging from IT development to capital management.
In 2017, B2Broker Group started working on its own internal corporate venture fund with a focus on the development of several specific projects. In the last three years, the overall capitalization of B2Broker’s fund has grown significantly and now includes different projects in which the company has invested more than $15 million so far.
The mentioned project helped the development of an efficient financial and technological ecosystem. “Of particular focus is the launch of B2BinPay in 2017, a payment system which has become one of the most modern and technologically progressive platforms in the world, B2BX, a platform for the trading of digital assets which is licensed in the EU, Eqwire, a digital banking service, and last but not least, the group’s most expensive and complex project, B2Prime, which is an integrated liquidity provider with licenses in different jurisdictions, including Europe and CIS,” the company mentioned.
External Projects
In addition to the company’s internal projects, B2Broker VC started investing in external projects. One of the most prominent external projects in which the company invested is Coinsbuy, a project designed to cater to the growing demand for buying crypto using a credit or debit card. Moreover, B2Broker VC identified key areas in the global financial sector such as fintech, IT development and automation, as well as startups offering products for the brokerage market.
“The most important aspect that the group seeks in its partners is conscientiousness, a clear vision, and a good understanding of the market. B2Broker VC considers all potential recipients of investments as long-term strategic partners who in partnership, will move towards global leadership in the various market sectors. B2Broker VC always finds the most convenient way of investment and cooperation both through equity holding and via convertible loans, which make the terms of cooperation as flexible as possible,” B2Broker mentioned.
Application Process
Companies who wish to apply for funding follow a step-by-step procedure starting with the preparation of an application and documents. This is followed by a product performance evaluation, follow-up questions, and a series of meetings and evaluations before the final decision is made. After the signing of various documents and agreements, the first tranche of investment will be released after a process that takes between 2-6 months.
“The kind of projects that are of interest to B2Broker VC are ones that match the group’s goals and business model. These include:
● Fintech development: Products and services for Forex, securities, derivatives, CFD and crypto markets.
● IT development: Development of payment systems, trading and brokerage platforms, risk management systems, analytical systems.
We are particularly interested in companies that have Bridges Technology and plugins for MT4/5, Trading Platforms for FX/CFD trading, and those who have built trading platforms for Crypto Perpetual Futures, Crypto Spot trading, and Securities trading on Exchanges. We are also looking for HUB and Liquidity Aggregation solutions and technology for market making on crypto exchanges.
● Automation: Products in the field of automation of external systems and process automation services.
● Products/services suitable for B2Broker's ecosystem such as KYC solutions, marketing services, products and services for the brokerage market,” B2Broker added.
B2Broker mentioned that the company will provide financial resources and its infrastructure facilities including offices, marketing expertise and development teams to the selected companies.
Interested startups can submit their applications at vc@b2broker.com or through the company’s official website.
