NYCA Investment Fund III by NYCA Partners, the US based fintech investor, recently closed at US$210 million and joining it was the Thailand- based corporate venture capital arm of Kasikornbank, Beacon Venture Capital.
Of the 21 institutional investors and notable figures of the fintech and financial services industry, two of the investors of NYCA Investment Fund III’s global network include, the fintech subsidiary and venture capital arm of Siam Commercial Bank, Digital Ventures, and Corporate Venture Capital (CVC).
In the year 2014, the firm has set up its very first fund at US$ 30 million, followed by the second one two years later in 2016 at US$ 140 million.
Companies that use technology as a competitive advantage in providing financial services that include payments, investing, insurance and banking; such as PayRange, Trellis, and Affirm & Acorns are the key focus of NYCA, which was founded in the year 2014 by Hans Morris, a former Visa president.
An impressive list of 55 limited partners advisors have been assembled by NYCA since its inception. Prospective investments have been analyzed with their help along with their expertise that has helped portfolio companies to grow further.
According to Thanapong Na Ranong, the managing partner of Beacon VC, the collaboration with NYCA will help channel the worldwide innovation in the field of Fintech to Thailand thanks to the global network of investors and advisors of NYCA, who will through their insights and expertise help KBank.
The other VC fund investments that have been made by Neacon VC prior to the one in NYCA includes Dymon Asia Ventures, Southeast Asia-based fintech fund, StormBreaker Venture, Thailand-based education technology accelerator and lastly Vertex Ventures, Singapore-based growth-stage fund.
A cloud-based rental properties management solutions for apartments, dormitories, and markets called Horganice was also invested into by the VC firm this year in March.