Image for post
Image for post

COVID & the Catalysis of Product-Market Fit

PrimaryBid’s Series B comes at a tempestuous time for equity capital markets. The COVID-19 crisis has cut a swathe through every business plan for 2020; a select few have benefited from a digital acceleration, while many more companies are now operating at revenue levels never imagined. The result has been a deluge of emergency equity issuances as companies rush to raise capital to counterbalance high levels of debt accumulating during the crisis. However, as Anne Richards, Fidelity International’s CEO, wrote in the Financial Times: ‘The [asset management] industry is not going to be enough to solve this solvency problem.’ …


Image for post
Image for post

Moneybox has recently closed their Series C round of £30m and topped it up with a hugely successful £7m crowdfund. We wanted to outline why Fidelity International Strategic Ventures are so excited to continue with them on their journey. I’ve had the pleasure of working closely with the team since early 2018 when we made our initial investment and it’s inspiring to see the original thesis play-out, while creating strong foundations for further growth.

Underpinning any successful company is a strong management team. Ben Stanway and Charlie Mortimer have defined a bold vision and built a stellar team with flawless execution. They’ve also designed an organisation that has scaled effectively whilst retaining its culture, resulting in being recognised as one of the hottest UK companies to work for. …


Image for post
Image for post

One year ago, we established the Fintech Strategic Investments team at Eight Roads to back disruptive entrepreneurs who are looking to shape the future of finance. Led by Alokik Advani, who joined us from Goldman Sachs PSI, we’ve built a team with deep domain expertise, access to an extensive network across Fidelity and Eight Roads, a long-term investment focus and a single source of capital.

The FSI team is focussed on the wealth and asset management sector, which has been largely shielded from the fintech revolution thus far. …

About

Michael Sim

VP at Fidelity International Strategic Ventures

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store