FinTech news in Peter Thiel category

The above makes Nichole Wischoff something of an exception: Her solo venture capital firm Wischoff Ventures closed a second fund of $20 million, a sizable increase from her first $5 million fund. According to a summary of an analysis that Wischoff conducted, family offices now account for more than half of her second fund, compared to about a third of her first fund. Beyond fintech Wischoff’s existing portfolio includes companies such as Coast Pay, Loop, Nuvo, Trustlayer and Vesta – a heavy fintech leaning owing to Wischoff’s background. Backers of this new fund include Peter Thiel, Lee Fixel, Yahoo co-founder Jerry Chen, Bain Capital, Byers Capital, Cendana Capital, Crossover, Insight Partners and others.

Jack Selby, a former PayPal exec the longtime managing director of Thiel Capital said: "I will never voluntarily leave the orbit of Peter Thiel. It’s a pretty amazing seat to have."