Avaloq Ventures goes independent

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17.09.2021
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The investment advisor of Avaloq’s fintech investment fund is being spun off from the group by means of a management buyout led by team members including Francisco Fernandez and FiveT Capital Holding. The name changes to FiveT Fintech, the fund’s strategic focus however will remain the same and Avaloq will maintain its long-term interests and involvement.

Launched in 2020, the Avaloq Ventures fund provides investors with early-stage access to next-generation players in the financial industry through Avaloq’s unique ecosystem, consisting of established banks and wealth managers as well as up-and-coming fintech companies. The fund has invested in seven fast growing fintech companies including the Swiss start-ups Assetmax, Metaco and Enterprise Bot.

Following the successful go-live, Avaloq and Avaloq Ventures have agreed to spin off the fund’s investment advisor, Avaloq Ventures AG, as a separate entity, independent of Avaloq Group. This will give the management team more agility in advising the fund while Avaloq will focus on growing its ecosystem, also by increasing its commitment to the fund.

The management buyout is led by Francisco Fernandez (founder/board member of Avaloq Group and Chairman of Avaloq Ventures), Alexander Christen (CEO of Avaloq Ventures) and FiveT Capital Holding AG, all of whom have already been a shareholder of the investment advisor. Following the spin-off from Avaloq Group, Avaloq Ventures is being renamed FiveT Fintech.

(Press release / SK)

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