Finstar Financial Group to Invest $150 Million in Fintech Startups

[kreslik.news]

The Finstar Financial Group (Finstar), an international private equity group, is planning to invest $150 million in fintech startups during the next five years.

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The fintech industry has been blowing up with crowdfunding for startup companies. According to Finstar’s official announcement, the global investment in fintech startup companies has grown to $12.7 billion, noted in the CB Insights Global Fintech Report 2016. Other than support startups, the funds will further be used for the research and development conducted within Finstar’s portfolio firms.

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Oleg Boyko, the Chairman of Finstar, spoke in detail ... (read more)