Tony WanJennifer CarolanJomayra HerreraDrew GloverMarcos FernandezChris MurumetsPYMNTS IntelligenceBusinessWireCoral CareNational Venture Capital AssociationPitchBookReplitStellar Development FoundationMassMutualClassDojoFGV CapitalReinsurance Group of AmericaLos Angeles Fire and Police PensionsCapricorn Investment GroupLEGO FoundationReach CapitalTechCrunchBank of AmericaCollege Board

FGV Capital closes $35m fund to back FinTech startups; total assets under management top $60m

FGV Capital has successfully closed its oversubscribed $35 million fund, bringing its total assets under management to over $60 million. The fund will focus on early-stage startups at the intersection of FinTech, financial access, and artificial intelligence, supporting over 40 companies in its portfolio.

PYMNTS.com PYMNTS.com+2 sources25 August 2026 · 18:33 UTC
CuriousCats Full Story

FGV Capital has closed its second investment fund at $35 million, exceeding its initial $25 million target. This brings the firm's total assets under management to over $60 million. The fund aims to support early-stage companies in FinTech, financial access, and artificial intelligence (AI).23

Since its inception in 2018, FGV has collaborated with over 325 companies across various sectors, including FinTech, HealthTech, and AI, generating billions in revenue. The firm emphasizes that founders need more than just capital; they require robust support in establishing product-market fit and scaling their businesses.

“With Fund II, we’re applying that approach at institutional scale,” said Fernandez, FGV’s co-founder and managing partner. The firm plans to leverage its AI-driven platform to enhance growth and distribution strategies for its portfolio companies, which now include over 40 firms such as Splitero, Brellium, and Possible Finance.

Investors in Fund II include notable names like Reinsurance Group of America, MassMutual, and Bank of America. The investment strategy aligns with the growing convergence of AI and FinTech, as startups increasingly develop products that utilize emerging technologies and financial infrastructure.

FGV Capital’s commitment to supporting its portfolio extends beyond funding, offering services in customer acquisition, strategic finance, and talent recruitment, ensuring that its companies are well-positioned for success in a competitive landscape.

Key Insight
“The fund will target businesses across FinTech, financial access, and AI, prioritizing companies that combine differentiated technology with strong distribution. Investors in Fund II include Reinsurance Group of America, MassMutual, Bank of America, and the Stellar Development Foundation.”
CuriousCats studied:
1
PYMNTS.comPYMNTS.com
“Venture capital firm is rebranding after closing its oversubscribed $35 million fund.”
PYMNTS.com →
2
The American BazaarThe American Bazaar
“Reach Capital has announced the close of a $265 million Fund V. The fund was created to back founders building AI applications that can “expand human potential,” according to a TechCrunch report citing Tony Wan, head of platform at Reach Capital.”
The American Bazaar →
3
FinTech Global
“, A US-based venture capital firm, has closed its second investment fund at $35m, exceeding its original $25m target as it prepares to deploy the capital into early-stage companies across FinTech, financial access and AI.”
FinTech Global →
Ask CuriousCats
What is FGV Capital's investment focus?
Who are the investors in Fund II?
How much total AUM does FGV Capital have?
Are other funds targeting FinTech too?
How does this fund compare with Fund I?
CuriousCats
RELATED COVERAGE:
Fiat Ventures combines venture and advisory divisions into new brand FGV Capital; raises $35M Fund II that has already backed 13 startups
ascendants.in🇮🇳25 August 2026 · 14:29 UTC
Fiat Ventures combines venture and advisory divisions into new brand FGV Capital; raises $35M Fund II that has already backed 13 startups

The new fund took about 18 months to raise and counts Reinsurance Group of America, MassMutual, and Bank of America as limited partners. FGV plans to back at least 25 companies over two years, with checks ranging from $1 million to $1.5 million each.

UK fintech funding fell 67% year over year to £31.8 billion in H1 2026, lowest since at least 2016; AI fintechs' share rose to 25%
Bloomberg.com🇮🇳24 August 2026 · 10:12 UTC
UK fintech funding fell 67% year over year to £31.8 billion in H1 2026, lowest since at least 2016; AI fintechs' share rose to 25%

Global fintech investment more than doubled to £375.8 billion from £337.1 billion, while the UK's share of funding across Europe, the Middle East and Africa fell to 22% from 68% at the end of 2025. KPMG UK's head of fintech Hannah Dobson noted "pockets of significant demand, particularly in AI," as investors became more selective.

TechCrunch Disrupt 2026 extends $300 pass discount and exhibit table booking as space remains; event runs October 13-15 in San Francisco
TechCrunch🇮🇳24 August 2026 · 20:44 UTC
TechCrunch Disrupt 2026 extends $300 pass discount and exhibit table booking as space remains; event runs October 13-15 in San Francisco

The event expects over 10,000 founders, investors, and startup community members, with a focus on AI-era development across all stages. Exhibit tables start at $12,500 and include 10 passes, lead generation via the mobile app, and Silver Tier branding, but are limited and end when sold out or by September 25.

FGV Capital raises $35M Fund II, merges venture and advisory arms under new brand; fintech-focused firm previously raised $25M debut fund
🇮🇳25 August 2026 · 18:33 UTC
FGV Capital raises $35M Fund II, merges venture and advisory arms under new brand; fintech-focused firm previously raised $25M debut fund

The combined model aims to lure both LPs and startups, with checks of $1M–$1.5M into at least 25 companies over two years, 13 already backed. General partners Marcos Fernandez and Drew Glover say the merger has already helped win cap-table spots, though conflict-of-interest questions remain.

Uber launches live video streaming for teen accounts, letting parents watch rides via driver's selfie camera; U.S. rollout in coming weeks after nine-market debut
TechCrunch🇮🇳25 August 2026 · 13:58 UTC
Uber launches live video streaming for teen accounts, letting parents watch rides via driver's selfie camera; U.S. rollout in coming weeks after nine-market debut

The feature is already live in nine markets including Atlanta, Cleveland, and Rhode Island, and teen accounts are now available in more than 50 countries. Uber says the video is encrypted, but it did not clarify whether it is end-to-end encrypted, and there is no opt-out for other passengers appearing in the feed.

U.S. removes Syria from state sponsor of terrorism list after 47 years, delists HTS, lifting final barriers to private investment
🇮🇳25 August 2026 · 01:54 UTC
U.S. removes Syria from state sponsor of terrorism list after 47 years, delists HTS, lifting final barriers to private investment

The delisting leaves Cuba, Iran, and North Korea as the only remaining state sponsors. Treasury Secretary Scott Bessent said the action will "help foster additional investment in Syria to promote political and economic stability," while Syria's finance minister held talks with Bank of America over reintegration.

Crack spreads and geopolitics rattle US bonds as 30-year Treasury yield nears 19-year high of 5.3%; Bessent's bond-buying efforts falter
Sharecafe🇮🇳24 August 2026 · 01:56 UTC
Crack spreads and geopolitics rattle US bonds as 30-year Treasury yield nears 19-year high of 5.3%; Bessent's bond-buying efforts falter

Brent crude hit US$94 a barrel after the Strait of Hormuz closure disrupted oil flows, while crack spreads—the cost of refining crude into diesel—surged to US$102, four to six times normal. Bank of America's Michael Hartnett warns a break above 5% could trigger a US credit event and jeopardize the AI spending boom.

Instinct AI assistant draws praise and privacy backlash as testers flag 'perpetual and irrevocable' data license and autonomous actions
The Tech Buzz🇮🇳24 August 2026 · 22:24 UTC
Instinct AI assistant draws praise and privacy backlash as testers flag 'perpetual and irrevocable' data license and autonomous actions

Testers report specific incidents: Peter Yang's Gmail records weren't deleted, Claire Vo's inbox was still summarized after disconnection, and Katie Jacobs Stanton said an unauthorized email 'broke her trust.' The startup, led by Noah Shinn, hasn't responded publicly, while investors Kleiner Perkins and Conviction have reportedly backed it.

General Intuition in talks to raise funds at $6 billion valuation; round oversubscribed as investors include Valor, Point72, Seven Seven Six
🇮🇳24 August 2026 · 17:31 UTC
General Intuition in talks to raise funds at $6 billion valuation; round oversubscribed as investors include Valor, Point72, Seven Seven Six

The round is oversubscribed, with investor demand exceeding planned funding, and the company plans to use proceeds to improve its robotics-focused foundation model, expand computing infrastructure, and hire specialists. General Intuition already partners with CoreWeave for AI computing capacity.

Gujarat man held in Canada after allegedly fleeing US in $7.5M fraud scheme targeting elderly; faces wire fraud, money laundering charges
GujaratSamachar English🇮🇳24 August 2026 · 08:24 UTC
Gujarat man held in Canada after allegedly fleeing US in $7.5M fraud scheme targeting elderly; faces wire fraud, money laundering charges

Goswami allegedly collected cash and gold from victims aged 59 to 87 on at least nine occasions in New York and New Jersey, with total losses around $7,559,185. He also deposited over $90,000 in cash into a Bank of America account, which investigators say is consistent with his role as a money mule.

Get your CIA-level briefing,
in real time.
CuriousCats monitors the internet every minute for you and brings you the most personalized brief of videos, social media posts, news and more.
Download the App
One story brought you here.
CuriousCats brings you everything else worth knowing.
Get CuriousCats