Founded 2007 by Nigel Morris & Frank Rotman. AUM c.£3.6bn (Fund VIII: £400m early-stage; Growth II: £215m). 37-person team: 21 partners, 2 venture partners, 12 principals. Key exits incl. Credit Karma (£5.3bn to Intuit), Nubank (IPO £41.5bn), Klarna (IPO £9.4bn), Remitly, SoFi. Portfolio: 20 unicorns, 9 IPOs. Team has 250+ yrs combined fintech/banking ops experience.
Investment Focus
Investment Thesis
Exclusive fintech focus: credit, lending, insurance, wealth mgmt, proptech, BaaS, embedded finance. Series A sweet spot, now expanding to pre-seed (Belay/Fontes) & Series B/C growth. Avg initial checks £2-7m, total investment £10-15m. Values unit economics, long-term founder relationships, operational expertise. Global: US (primary), UK, Latin America (priority), India, SE Asia, Africa. Avoids passive investors & non-problem-first companies.
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