May 8, 2019 (San Francisco, CA) --VilCap Investments, a venture capital fund affiliated with Village Capital, announced today that it has made investments in two early-stage financial technology startups: Global Data Consortium and Intrinio.
“Our most recent fintech investments focus on data gaps that impact global financial systems,” said Victoria Fram, Managing Director, VilCap Investments. “With these two investments, we are supporting the democratization of technical tools and innovation that promote financial inclusion - through electronic consumer identity verification and online financial data feeds.”
Global Data Consortium and Intrinio were selected for investment by a group of peer entrepreneurs on the final day of Fintech US 2018: FinData, a four-month venture development program managed by Village Capital in collaboration with PayPal, BNY Mellon, and Middle Game Ventures. The twelve entrepreneurs in the program evaluated each other through an investor lens, using eight specific investment criteria that leverage Village Capital’s Abaca Pathway, and Global Data Consortium and Intrinio were ranked “most investment ready”. The two companies are focused on the following:
Fintech US 2018: FinData was Village Capital’s fourth US-based program designed for seed-stage startups harnessing financial data to make financial services more accessible, affordable, and transparent. At each workshop, the entrepreneurs were introduced to investors and mentors who offered them strategic advice and feedback. Entrepreneurs who complete a Village Capital program raise 173% more capital and generate 28% more revenue than a control group.
The full list of companies in the Fintech US 2018 cohort were:
For more information, reach out to Rustin Finkler at Village Capital (email@example.com)
About Village Capital
Village Capital helps entrepreneurs bring big ideas from vision to scale. Our mission is to reinvent the system to back the entrepreneurs of the future. Our vision is a future where business creates equity and long-term prosperity. Since 2009, we have supported more than 1,000 early-stage entrepreneurs through our investment readiness programs. Our affiliated fund, VilCap Investments, has invested in more than 100 program graduates, including 8 early-stage US fintech companies like Vault, Fig Loans, and Finix.