Family Offices Expand Investments in FinTech Companies
Palm Beach, FL – (February 11, 2021) – Family offices report that they plan to double their investments in FinTech companies during 2021 in an effort to profit from start-ups that are poised to benefit from new applications of the latest technology. Companies active in the payments sector, ecommerce, EdTech and the financial arena are especially in demand, according to Family Office Networks, a community of 10,000+ global family offices.
“FinTech companies backed by venture capital firms raised almost $38.5 billion last year and will exceed that record in 2021, according to FON data. Last month, for example, VC firm TCV followed on its successful investments in companies such as Airbnb, Spotify, Peloton and Facebook with a new $4 billion fund. Family offices and private investors are watching these funds and deals with interest and are eager to identify promising FinTech start-ups and add them to their investment portfolio – either via a VC fund structure or on their own,” said Andrew Schneider, Founder and CEO of Family Office Networks.
In addition to seeking out private deals in the FinTech space, family offices are also using the latest technology to identify and execute private placements in alternative investments, including private equity, hedge funds, real estate, PIPEs, venture capital and direct deals. FON Marketplace has become the fastest growing platform in the family office space. More family offices are joining because it is a one-stop shop where they can get news on family offices, luxury and investment opportunities and issuers who are trying to raise money are listing on FON Marketplace as a new way to access 70,000 ultra-high-net worth and 5,000+ family offices.
To learn more about family office investment opportunities in FinTech, contact Andrew Schneider at [email protected]
About Family Office Networks
Family Office Networks is the premier global community for families to share information and intelligence. The team works with a select group of top tier investment managers and sponsors who offer substantial families’ access to stellar investment opportunities in areas such as real estate, venture capital, private equity, and hedge funds. In addition, Family Office Networks shares timely thought leadership on topics related to portfolio management, philanthropy, multi-generational wealth management, compliance and regulation, risk management, insurance, training and education. The website www.familyofficenetworks.com is the hub of Family Office Networks with 500,000 users, including 10,000 family offices, and is a go-to resource for news related to family offices.