MRB Direct Announces Investment by Austin Capital
Fintech Fund II makes investment in MRB Direct, a Software-as-a-Service provider for compliance and banking solutions for cash intensive industries.
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IRVINE, Calif., April 26, 2021 /PRNewswire/ MRB Direct, Inc. announces a seed round investment by Fintech Fund II, a $125 million venture fund managed by Austin Capital General Partner, LLLP that targets companies in the financial technology sector.
MRB Direct focuses on customer acquisition, customer service, and compliance while providing access to financial services for cash intensive clients. MRB Direct s Software-as-a-Service platform provides its clients with a comprehensive digital solution allowing them to efficiently process B2B and B2C transactions.
California
United-states
Irvine
San-francisco
Gregory-guggenheim
John-alvarez
Patrick-chung
Fintech-fund
Austin-capital-general-partner
Austin-capital
Business-analyst
Southern-california-based
Austin Capital General Partner Launches $125 Million Fintech Fund II
Fintech Fund II focuses on technology companies providing enterprise solutions to the financial services industry.
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IRVINE, Calif., April 21, 2021 /PRNewswire/ Austin Capital General Partner, LLLP ( Austin Capital ) announces the launch of Fintech Fund II, LLLP, a $125 million venture fund that will target investments in fifteen to seventeen portfolio companies in the financial technology sector.
The fund will seek to invest in portfolio companies two major categories: First, it seeks firms with approximately three to seven years of business with consumer-facing products and services that have not been able to scale, but possess an experienced management team, revenues, and strategy. Second, it invests in fintech companies assisting financial institutions that utilize legacy systems still relying on manual processes and struggling with digital transform
John-alvarez
David-park
Fintech-fund
Austin-capital-general-partner
Southern-california-based
Austin-capital
Capital-general-partner
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