FinTech news in AXA category

The second PV angel fund is backed by some of the U.K.’s more active angels, including Chris Adelsbach, Will Neale and Michael Pennington, alongside founders from Credit Kudos, FreeAgent, BrandWatch, Wayve, Passfort, ContentCal, Griffin, Bibliu, Rahko and Fixflo. PV makes much of its community-driven culture, with a network of founders, investors and others alongside the PV founders Will Martin and Will Brooks who put the fund together in 2014. Starting Funding Club (SFC) is the funding services provider, and all investors are committed to the fund and Portfolio Ventures are discretionary fund managers deploying from a pot of capital put in by these investors. A good example of that is Portfolio Ventures (PV), which has now closed its second angel fund (which they claim was oversubscribed), where many of the investing angels do so under EIS.

Shop owners who intend to offer loans to their end consumers get higher credit lines from Chari, which shares the data collated from Karny (on end consumers’ purchasing behaviour) with FMCG companies that pay for the cost of the higher loans.