Historically, financial services firms were sceptical about fintech's potential. However, recent years have seen a significant shift in perception, recognising the vast possibilities these emerging firms offer. Currently, fintech companies account for a mere 2% of the $12.5 trillion global financial services revenue, highlighting the enormous growth potential.

The newly secured £121 million fund will empower 13books Capital to continue its mission of backing the boldest and brightest founders in the fintech space. Investments will focus on Seed to Series A stages, with ticket sizes ranging from £1 million to £7 million.

To date, 13books Capital has invested in 19 fintech companies, showcasing a robust track record of successful investments. Notable portfolio companies include Roadzen (NASDAQ: RDZNW), Hepster, Coincover, Runa, Billhop, Thirdfort, Duco, nCino (NASDAQ: NCNO), Fenergo, and ErisX. Founders benefit from 13books Capital's extensive network of 34 world-class founders and industry leaders, including Limited Partners (LPs) who offer unparalleled entrepreneurial experience, connectivity, and expertise.

The fund also welcomes two new institutional LPs, British Patient Capital and KfW Germany, joining Isomer Capital and IPGL on the Fund’s Limited Partner Advisory Committee (LPAC).

The fund has already made a promising start, with investments in five high-potential portfolio companies over the past six months. These include Series A investments in Aria, an API-enabled embedded invoicing platform, and Ramify, a digital wealth management platform – both poised to become leaders in Europe's digital financial services landscape.

Michael McFadgen, Partner at 13books Capital, stated, "It is clear that European fintech entrepreneurs desire a sector-focused, founder-focused venture platform that has meaningfully impactful networks across the industry. We believe European fintech is entering a golden period, and we thank our LPs and founders for their trust and look forward to supporting the next generation of pioneering fintech entrepreneurs."

Going forward, 13books is delighted to announce the promotion to Principal of Meera Bissoondeeal, Nitya Gupta and Aleksandra Tyurina in recognition of their excellent contribution and performance.