FinTech news in Better Tomorrow Ventures category

The Mint will be a three-month accelerator, based out of San Francisco, that cuts $500,000 checks in exchange for 10% equity in between six to ten startups.

Down the line, the goal is to build an age-based, risk-tolerance-based deaccumulation ETF, Nazemi said, as well as a product called a home pension, where Charlie can enable users to use a portion of their home equity to supplement their social security check.

Jake Gibson, founding partner of Better Tomorrow Ventures and co-founder of NerdWallet, said that as his firm evaluated the opportunity to invest in Portão 3, it found that enterprise companies in Brazil have access to corporate cards but, as Pereira mentioned, they rarely utilize the products due to concerns around fraud, reconciliation and decentralization of data.

Then we have GPs of global VC funds like Ribbit Capital’s Micky Malka, Hustle Fund’s Elizabeth Yin, Sebastes Capital’s Jason Fish, a16z’s David Haber, Y Combinator’s Michael Seibel, 776’s Alexis Ohanian, Bonow Ventures’ Tilo Bonow, Precursor Ventures’ Charles Hudson, Better Tomorrow Ventures’ Sheel Mohnot, Broadhaven Ventures’ Michael Sidgmore, etc.; Web 2.0 and web3 operators; local and international HNIs; sport and entertainment icons; and PAVE Investments (the anchor LP in Microtraction Fund I), which has committed $1.5 million into the community fund. Microtraction, an early-stage venture capital firm that invests in African startups at the pre-seed stage, is announcing that it has reached the first close of its second fund, Microtraction Community Limited. The LPs in this community fund include 30+ venture-backed founders of African companies like Helicarrier’s Ire Aderinokun, Paystack’s Shola Akinlade, Cowrywise’s Razaq Ahmed, 54gene’s Francis Osifo, Paga’s Jay Alabraba, Spleet’s Tola Adesanmi, Float’s Jesse Ghansah. Microtraction is also venturing into the web3 space by setting up a community vehicle (akin to a DAO) where social tokens will be used to incentivize and gamify the experience of members who provide value-add and support to the fund and founders.

They include Breyer Capital, Propel VC, Better Tomorrow Ventures, FT Partners, Bain Capital, Lateral Capital, a few family offices, HNIs and a multibillion-dollar crossover fund also known for investing in smaller funds. Rali_cap, an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund.

Early-stage fintech-focused venture firm Better Tomorrow Ventures has raised $225 million for its second fund — triple the amount it raised for its debut fund that closed in September of 2020. Founded by Sheel Mohnot and Jake Gibson in November of 2019, San Francisco-based Better Tomorrow Ventures (BTV) has allocated $150 million to invest in startups at the pre-seed and seed stages.