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Altus Capital announces a new investment fund focusing on financial technology with its total volume of up to USD 100 million

Altus Capital, an independent investment group, announces the launch of AC Fintech Investments Fund. The new platform will have a bias towards the FinTech sector and related industries with a focus on European and global markets. Several investors and partners have already confirmed their readiness to cooperate. Furthermore, shareholders of Altus Capital also plan to invest their own money using the fund.

According to Altus Capital experts, the FinTech sector is one of the most promising global market segments having a well-timed development outlook.

Dmitry Klenov, Managing Partner, Altus Capital, highlights that a rapid boost of FinTech projects should be expected in the nearest term. "We see a brisk growth in this sector as new technologies and solutions emerge and overtake markets. In fact, it is safe to say that we are in for the FinTech revolution right now."

Dmitry Klenov adds that the factors driving investors to place high stakes on the FinTech, in particular, include value engineering for products and services through new technology implementation and their global outreach both in traditional banking and well beyond, namely in the mobile operators market, social networks and technology companies.

The value of the new fund will be up to USD 100 million. Altus Capital plans to finance a quarter of the fund's budget from their own resources. The rest of the budget will be raised from Russian and foreign external investors.

The fund has already prepared a list of priority projects that have been thoroughly worked through and are ready for completion. Altus Capital will further announce deals entered into by the fund.