FinTech news in Otium category

Resonance will become Otium Capital’s tech-focused VC fund going forward. With Otium Capital, the family office has a broad investment strategy, from leveraged buy-outs to real estate — and it has done quite a few startup investments over the years. Meet Resonance, a new $150 million fund (€150 million) backed 100% by Otium Capital. If there are some macro-economic issues, you don’t have to deploy a lot of capital every year because your limited partners have defined a short life cycle for your VC fund.

And Silvr doesn’t necessarily replace VC money, as 35% of Silvr’s clients have raised capital from VC funds. When a company applies to unlock some credit with Silvr, they grant access to various data sources — the corporate bank account.