Nasdaq unveils its new Fintech risk program
The Nasdaq Investment program has launched a venture investment unit dedicated to identifying and collaborating on new technologies with Fintech companies around the world.
The new formalized division will seek to eliminate other companies with disruptive technologies that can be leveraged for the long term benefit of their customer base.
Adena Friedman, president and CEO of Nasdaq says:
“Investing in pioneering fintech firms, who are developing unique technologies, continues our history of being a platform and partner of choice for the most innovative companies in the world. In addition, through this program we plan to accelerate the pace of innovation to ensure our clients continue to benefit from the technologies that are reshaping the capital markets.”
Nasdaq Ventures will be led by Morgan Stanley Gary Offner who has a 20-year track record in private equity, venture capital and strategic direct investment experience with an emphasis on growing minority capital investments in technology companies.
Investments made by minority stakes of Nasdaq Ventures are expected to range from under $ 1M to approximately $ 10 million and will include seeds for late stage risk rounds.
The initial focus areas will be: digital transfereces/blockchain; machine learning and artificial intelligence; emerging and border markets; and next generation data, content analysis and aggregation.
Nasdaq’s investment program officially began in late 2015 with the exchange operator taking holdings in infrastructure provider Chainchain, machine intelligence firm Digital Reasoning and real-time risk analysis firm Hanweck.
Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and/or services. This press release is for informational purposes only. Information does not constitute an investment advice or an offer to invest.