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Venture Capital
fintechv.com

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Investments

15

Portfolio Exits

1

Funds

1

About Fintech Ventures Fund

Fintech Ventures Fund provides equity to emerging potential leaders and quality niche players in non-banking lending and payment spaces. The Firm is focused on investing in growing technological companies in initial stages of development, from start-up to growth companies.

Fintech Ventures Fund Headquarters Location

New York, New York,

United States

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Latest Fintech Ventures Fund News

MaxRewards Raises $3 Million Series Seed to Help Consumers Earn Extraordinary Benefits from Everyday Spend

Sep 13, 2021

MaxRewards, the first service that automates maximizing credit card rewards, cash back and benefits, announced that it has raised a $3 million series seed funding round co-led by Dundee Venture Capital and Calano Ventures. Other investors in the round include Fintech Ventures Fund, Service Provider Capital and  Nick Izquierdo,  President at Fleetcor, a global payments and card company. “I have had the pleasure of watching Anik execute on his vision for MaxRewards from the company’s inception, and we are excited to partner with the company as it aims to unlock the power of rewards and cash back for all consumers” The investment comes on the heels of exceptional user and revenue growth. Since the start of the year, monthly active users increased 200% and monthly recurring revenue increased 10x. “MaxRewards is building the platform that people with multiple credit cards have always wanted,” said Ron Watson , Partner at Dundee Venture Capital. “Gone are the days of unwieldy spreadsheets to track and optimize your credit card rewards. MaxRewards does all of that for you now.” Credit cards and credit card rewards have become nearly universal. According to the Federal Reserve, 83% of Americans have a credit card and 95% of all credit card spend is on cards with rewards. However, consumers struggle with navigating and utilizing increasingly complex and dynamic credit card benefits programs, many of which require tedious user action to maximize value. MaxRewards automatically activates credit card offers and promotions, presents personalized card usage recommendations based on location and provides the most comprehensive aggregation of credit card accounts. “MaxRewards removes the guessing game from what card to use and when. Credit card users are leaving money on the table, and MaxRewards provides a simple solution to capture those rewards,” commented Arron Solano, Managing Partner at Calano Ventures. The company will deploy the funding to grow its team, scale user acquisition and expand beyond credit cards. “We are in the golden age of rewards,” said MaxRewards co-founder and CEO Anik Khan . “Rewards are a phenomenal mechanism to acquire, engage and retain customers, so it’s no wonder rewards and cash back offers are everywhere. However, for consumers, they are presented with an overwhelming number of programs and offers to manage and utilize. We are building a platform that automates maximizing rewards and cash back across all channels and across all mediums to help consumers earn extraordinary benefits from everyday spend.” “I have had the pleasure of watching Anik execute on his vision for MaxRewards from the company’s inception, and we are excited to partner with the company as it aims to unlock the power of rewards and cash back for all consumers,” said Luke Timberlake , Partner at Fintech Ventures Fund.

Fintech Ventures Fund Investments

15 Investments

Fintech Ventures Fund has made 15 investments. Their latest investment was in Kredit as part of their Seed VC on April 4, 2022.

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Fintech Ventures Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/27/2022

Seed VC

Kredit

$2.97M

Yes

1

2/11/2022

Series B

battleface

$5.18M

No

1

9/10/2021

Seed VC

MaxRewards

$3M

Yes

16

7/7/2021

Series A

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$99M

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10

2/10/2021

Seed VC

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$99M

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10

Date

4/27/2022

2/11/2022

9/10/2021

7/7/2021

2/10/2021

Round

Seed VC

Series B

Seed VC

Series A

Seed VC

Company

Kredit

battleface

MaxRewards

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Amount

$2.97M

$5.18M

$3M

$99M

$99M

New?

Yes

No

Yes

Subscribe to see more

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Co-Investors

Sources

1

1

16

10

10

Fintech Ventures Fund Portfolio Exits

1 Portfolio Exit

Fintech Ventures Fund has 1 portfolio exit. Their latest portfolio exit was Instantor on July 16, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/16/2020

Acquired

$99M

10

Date

7/16/2020

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

10

Fintech Ventures Fund Fund History

1 Fund History

Fintech Ventures Fund has 1 fund, including Fintech Ventures Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/11/2015

Fintech Ventures Fund

Early-Stage Venture Capital

Closed

$100M

1

Closing Date

12/11/2015

Fund

Fintech Ventures Fund

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$100M

Sources

1

Fintech Ventures Fund Team

2 Team Members

Fintech Ventures Fund has 2 team members, including current Founder, General Partner, Lucas Timberlake.

Name

Work History

Title

Status

Lucas Timberlake

Founder, General Partner

Current

Serguei Kouzmine

Managing Partner

Current

Name

Lucas Timberlake

Serguei Kouzmine

Work History

Title

Founder, General Partner

Managing Partner

Status

Current

Current

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