Are you accepting new limited partners?

Not currently, but please leave your information here and we will be in touch when we are.

What are you doing differently than other VCs?

The purpose of this fund is to bring the fintech community together - our LPs come from fintech and our network provides support to investors beyond the check. We put a recruitment site, media organization, online community, and events series at the disposal of our founders.

But equally as important - we don’t fight other investors on pro rata rights, we don’t fight founders just to maximize our allocation, we bring other value-add investors to the table, and we don’t drag our founders to beauty pageants. We believe in building the best fintech support team possible for early-stage founders.

What is the fund strategy?

We anticipate that our average check size will run between $150k and 200k. We plan to work with 25-40 founding teams over the course of 18 months. Our guiding thesis is to learn from the smartest founding teams about why their contrarian view of where the world is headed is correct.

Will this be a US-only focused fund?

We’ve seen an incredible amount of growth in fintech in emerging markets. It’s been exciting to see innnovative fintech hubs developing from Lagos to Mexico City to Karachi. We invest where our network is strongest, because it helps us connect with and diligence great founding teams. Though the fund will be mostly US-focused, we have already begun investing in other markets as well.

What is the capital call schedule?

Our initial capital call is 25% of commitment. After that, we plan to call capital in 3 tranches over a 12 to 18-month period.

What are the fees and carry?

Carried Interest: 20%, which carry shall accrue on a per-deal basis (capital is allocated from the Fund into independent deal vehicles).

Annual Management Fee: 2%, 2-years withheld upfront and drawn from initial capital contribution, thereafter fees shall accrue and be drawn quarterly for a period not to exceed 10 years

How can I engage with other LPs and Fintech Fund founders?

We use a shared comms platform to connect LPs and the founders we invest in directly, so they can collaborate on the success of the founders’ business - whether that means hiring, finding customers, or advisory work.

What are the expectations for LPs?

We love having an active LP base that is plugged-into the fintech ecosystem. While there are no formal expectations, we have a shared comms group for LPs to collaborate in referring founders, group diligence and references, and discussing all things fintech.

What investments have you made previously?

You can see our prior syndicate investments at www.jointhefintech.club. Please note, these investments will not be warehoused into The Fintech Fund.

Why are you building this on Sydecar?

Sydecar’s fund platform provides us with many advantages not available anywhere else:

• Creating industry standards. The simplicity of Sydecar’s structures and subscription documents allowed us to get to market and raise committed capital relatively instantaneously as compared to the other solutions we evaluated.

• Product-first approach. Sydecar’s product-first approach has created huge efficiency gains for us. Their platform allows us to easily control and track carry, management fees, side letters, expense allocation, and waterfalls for each investor on a per investment basis.

• Vision for liquidity. The fund is premised upon Sydecar’s vision to create liquidity in private companies, decoupled from each portfolio company’s timeline for exiting. The ability to execute distributions prior to a portfolio company liquidity event is a huge unlock for investor value.

• Flexibility. Sydecar’s structure allows us to offer LPs variable exposure on a deal-by-deal basis, and allows us to add third party co-investors to each deal without having to spin up other SPVs.