New investment firm Motive Partners to focus solely on fintech

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January . 23 . 2017

New investment firm Motive Partners to focus solely on fintech
New venture Motive Partners plans to invest in fintech firms in the UK and US.
According to its Form D filed with the Securities and Exchange Commission (SEC) in the US, Motive Partners looks to raise $150 million.
“Our mission is to back and build the next generation of financial technology businesses to transform markets, models and society,” the company states on its website.
Among its founders Alastair Lukies, chairman of Innovate Finance. He says Motive Partners is “dedicated to playing a meaningful role in enabling the seismic shift in the way society interacts with its finances”.
Other key executives include:
Rob Heyvaert, managing partner; previously corporate EVP of FIS’s global financial solutions business; founder and CEO at Capco; GM of securities and capital markets at IBM.
Stephen C. Daffron, managing partner; previously CEO at Interactive Data Corporation; global head of technology and operations at Morgan Stanley; COO at Renaissance Technologies.
Michael Hayford, managing partner; previously corporate EVP and CFO at FIS; president and COO at Metavante Technologies (now part of FIS).
Andy Stewart, managing partner (soon to join); previously global co-head of BlackRock Alternative Investors; MD, head of liquid alternatives at Credit Suisse.
Another fintech focused investment company, Fintech Acquisition Corp II, is planning to
raise $153 million via Nasdaq.

This article initially appeared in bankingtech. For the original article, click here.