September 30, 2016
28 September 2016, SINGAPORE – International FinTech-focused venture capital firm Life.SREDA signed a memorandum of understanding with Leonie Hill Capital (LHC), a Singapore-based private equity fund, to become strategic partners in the the area of investments into financial technologies (FinTech) in Asia.
According to the MOU, LHC intends to become a strategic investor (limited partner) in Life.SREDA’s Asian FinTech fund, while Wee-Meng Thoo, Head of Investments at LHC, will be joining Life.SREDA team to be a part of fund management company, which already includes Vladislav Solodkiy and Igor Pesin. The contract should be signed after the deal is approved by MAS. The investment amount can make up for several dozens of million USD, while the total size of the fund is US$100M.
Life.SREDA is one of the first FinTech-only non-corporate venture capitalists in the world and is well-known in the FinTech space due to more than 20 successful investments, including such icon ...