Nyca Partners, a firm with investments in financial technology businesses, has received $210 million for its third venture capital fund.
Located in New York, Nyca’s debut fund closed on $31 million in 2014. Its second fund, a similarly focused fintech effort, raised $125 million in 2017.
Last year, investment in the space reached an all-time high of more than $12 billion, with Robinhood, Coinbase and Plaid all raising multi-hundred-million-dollar rounds.
Nyca managing partner Hans Morris said, ‘’Most regulators around the world were generally uninformed about the dramatic changes taking place in financial technology and with it the potential impact on banking, investing and insurance practices.
‘’ In mid-2019, we estimate there are fifteen thousand funded fintech start-ups. Some have become very large companies extremely quickly, and entrepreneurs are creating new models and ideas with breath-taking speed.”