Largest fund in the firm’s twenty-three year history will include core and exploratory investments in payments, banking, embedded finance, and more

TTV Capital, an early-stage fintech venture capital firm, today announced that it has closed its sixth fund at $250 million, the largest since the firm was founded over two decades ago. The fundraise, which originally targeted $150 million, saw overwhelming interest and was oversubscribed by $100 million. Fund VI includes both new and existing limited partners comprising institutional and strategic investors, as well as family offices.

“Fund VI represents an inflection point for all of us at TTV Capital,” said Gardiner Garrard, Co-Founder and Managing Partner at TTV Capital. “Twenty-three years ago, we took an early bet on how the technology behind financial services would evolve. Back then, we didn’t call it ‘fintech’ – we just started investing in applications that were being built on the internet. We saw the digital transformation that was happening and we knew we wanted to be part of it. And now, as we look ahead, we’re still committed to finding the next class of enduring businesses that will shape the future of finance.”

In 2022 alone, TTV Capital made 18 investments in early-stage fintech companies across payments, banking, investing, cybersecurity, Web3, and embedded finance, with an average initial check size of $2 million to $7 million. The firm also has an exploratory fund for investments starting at $250,000. To date, TTV Capital counts more than 100 financial technology companies in its portfolio, and seven of those have reached unicorn status.

“Founders often tell us that our relationships, connections, and deep industry knowledge are most helpful to them as they grow their businesses,” said Sean Banks, Partner at TTV Capital. “It’s a privilege to do what we do, and we’re especially proud of the reputation that we’ve built as a founder-friendly firm. We believe our fintech expertise and years of experience in venture capital are the reasons why we’ve been able to drive strong returns for our limited partners amid different economic cycles.”

TTV Capital is one of the first and only early-stage fintech funds focused exclusively investing in companies in the financial services ecosystem. The firm has led early investments in multiple category-creators, including Bill.com, Shopkeep, Green Dot, SmartAsset, and others. TTV Capital is also one of the largest – and longest-running – venture firms in Atlanta, and has backed multiple successful Atlanta-based companies, including Greenlight, Cardlytics, Greenwood, Carputty, Featurespace, and Instant.

About TTV Capital

Founded in 2000, TTV Capital is one of the longest-running venture capital firms investing exclusively in early-stage fintech companies. We create enduring value for our investors, founders, and team by supporting our portfolio companies at every stage of growth. Our distinct approach combines deep industry knowledge with connections, resources, and founder-friendly relationships. TTV’s portfolio includes more than 100 market leaders and emerging pioneers across payments, banking, investing, crypto, and embedded finance. The firm has been named to Inc.’s Founder-Friendly Investors list, the top ten of the Founder’s Choice VC list, and Institutional Investor’s Fintech Finance 40.

TTV Capital is headquartered in Atlanta and has a presence in the Bay Area. For more information, visit www.ttvcapital.com.

View original content:https://www.prnewswire.com/news-releases/ttv-capital-closes-fund-vi-at-250-million-to-invest-in-early-stage-fintech-companies-301775318.html

SOURCE TTV Capital

The 5G security market is projected to reach USD 24.89 billion by 2030 at a mammoth CAGR of 40.60%, according to P&S Intelligence.

This growth can be credited to the increasing worries for the security of the 5G network, because of the surging number of attacks on them, and the growing need for quick network connectivity.

Furthermore, the chances for growth are projected to rise with the requirement of corporate companies, the government, and the manufacturing sector for private 5G networks and the increasing operator expenditure on dynamic infrastructure.

MVNOs Concentrating on Shielding Carrier Networks 

The sudden hike in the count of network attacks has forced several operators to concentrate more on safeguarding their carrier networks. For example, in 2017, O2 Telefonica of Spain employed 660 analysts and 1,100 other personnel to work at six security operation centers throughout the globe, in the wake of a bank heist.

Services Category Is Set To Grow at Faster Pace

In the coming few years, the services category is projected to grow faster, at a rate of approximately 41.2%. Among end users, service need has amplified with the advancing technological trends. The security of the 5G network needs to be managed at all stages of implementation and operation, as it is new to companies and telcos.

Security Need Is Higher for 5G NR Non-Standalone Architecture

In 2022, the 5G NR Non-standalone architecture category held the larger market share, of above 64.0%. The first few 5G networks rolled out are all non-standalone setups, which focus more on advancing the broadband, to offer better and steady connectivity and improved information transmission capability.

They also adhere to the 3GPP’s guideline that early 5G network and device rollouts be subject to NSA action. As a result, the existing 4G frame will support the 5G network.

Thus, as the acceptance of 5G surges, companies that are required to be the first to provide 5G connectivity will comply with the NSA’s mandates. Due to such factors, the 5G NR non-standalone architecture is cost-efficient, which is why companies are keener to spend on 5G security systems that utilize a non-standalone architecture.

North America Secures 5G Networks Most Extensively 

North America is leading the industry because vital 5G technology enhancements have been made and several steps taken to prevent data leaks in the continent. Additionally, spectra for 5G are being awarded rapid throughout the region for both the low-band and high-band ranges.

Demand for 5G Security Solutions To Boom in APAC

The APAC region will be one of the fastest-growing markets for 5G security solutions because of its huge mobile subscriber base and the government efforts to roll out fifth-generation networks.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Aspen Digital, a full-service digital asset management platform serving family offices and high-net-worth individuals, has announced the inaugural  Web 3 Investment Summit, the first of its kind  digital asset summit that brings together  private wealth  investors, entrepreneurs and industry leaders from the traditional finance and Web 3 industries from around the world

Sponsored by InvestHK, Summer Capital, Emperor Wealth Management and FOMO Asia, Web 3 Investment Summit will see a lineup of exceptional speakers taking the stage from Invest Hong Kong, J Rothschilds Capital Management, Pacific Hawk Asset Management, UBS, Emperor Group, CSOP, KPMG, HKEX, Hashkey, Dapper Labs, Merkle Science and Lukka.

Allen Ng, CEO of Everest Ventures Group, partner of Web 3 Investment Summit said, “The Web 3 Investment Summit will offer some unique perspectives within the digital asset sector where the content and speakers are focusing on a much more traditional view on allocating to the space. This is especially important given Hong Kong’s latest stance and its development towards becoming an international digital assets hub. It also offers the opportunity for family offices and private wealth investors to directly interact with founders of leading digital asset companies, funds and products.

Typically, summits and conferences in the sector have been crypto-native, so the Web 3 Investment Summit serves an investor base that is increasingly keen to learn and understand the investment climate from a traditional investment approach. It is especially important to facilitate in-depth exploration of the growing digital asset ecosystem with an institutional tone, as Hong Kong embraces blockchain technology through development around the Virtual Asset Service Providers licensing frameworks and the rise of ETFs and STOs.”

The Web 3 Investment Summit will feature a hybrid full-day program in the Main Conference and Breakout Room across English and Mandarin Chinese panel discussions in the morning. VIP ticket holders will have access to the VIP lounge, cocktail reception and fireside chats in the evening with top companies’ CEOs at the Poolhouse of Grand Hyatt Hong Kong.

Other partners of the Summit include the Family Office Association of Hong Kong (FOAHK), Hong Kong Chamber of Commerce, Qianhai, Galaxy Digital, Everest Ventures Group, TTB Partners and Token Bay Capital.

About Aspen Digital

Aspen’s Digital is a full-service digital asset management platform backed by Everest Ventures Group, TTB Partners and RIT Capital Partners (formerly Rothschild Investment Trust). Aspen Digital operates across both digital assets and private markets, and offers a broad range of digital asset products and tailored services. On private equity investments, Aspen Digital helps secure allocations for clients across a number of landmark transactions, for example Asia’s most high-profile digital asset unicorns, Animoca Brands and Dunamu (the parent company of the biggest South Korean digital asset exchange Upbit).

The company has launched, with its own trading & research team, automated digital asset strategies such as Market Neutral Arbitrage and DeFi strategies. In addition, Aspen Digital has launched a line of attractive fixed yield digital asset products and thematic smart beta digital asset products including Metaverse, DeFi, Blockchain, Smart Contract and Frontier trackers. The company’s team of expert traders and researchers vets the best performing strategies and managers, as Aspen Digital becomes a key distribution partner for them. All of this is housed in a single end-to-end platform that includes trading, yield and strategy products, market intelligence and client portfolio management capabilities.