Bankers Helping Bankers, a program launched by FedFis and the Independent Bankers Association of Texas, has launched a fintech venture capital fund.
The Bankers Helping Bankers Fund will support community bankers’ engagement with emerging technology providers. Bankers Helping Bankers did not disclose the targeted size of the fund.
“For years founders have been looking for a fintech fund that can deliver where others have fallen short,” Tanner Mayo, FedFis’ president, said in a press release.
“We plan on using our data to facilitate growth acceleration for emerging technology companies,” Mayo added. “The BHB ecosystem now includes access to capital, executive support, a roadmap to navigate financial technology integrations, a direct connection to fintech sponsor banks and a marketplace of community bank customers.”
Latitude38 Venture Partners will manage the fund. The company is led by General Partner Neeraj Vohra. Richard Leggett, co-founder and board member of K Street Capital, and Cam Fine, president and CEO of Calvert Advisors and former president and CEO of the Independent Community Bankers of America, are advisers.
“Bankers are embracing a more profitable model that is more inclusive to all communities while ensuring sound and compliant banking practices are behind every brand,” Dave Mayo, co-founder of Bankers Helping Bankers, said in the release.