Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
FXFY is a seed and venture capital firm founded in 2015, primarily focusing on FinTech and special opportunities. Based in the United States, FXFY operates as a boutique merchant bank, combining advisory services with principal investments. The firm aims to invest in companies that have the potential to disrupt legacy business models, leveraging its expertise in the financial technology sector.
FXFY has established itself as a key player in the FinTech landscape, providing a unique blend of investment and consulting services. The firm operates from locations in Puerto Rico and Nicosia, Cyprus, and has a global focus. Although specific metrics such as assets under management (AUM) and fund size are not disclosed, FXFY is known for its active involvement in the financial technology sector.
Notable milestones include leading an investment round for Advanced Markets, a prime-of-prime FX broker, in May 2021. FXFY's approach combines deep industry knowledge with a commitment to supporting companies navigating complex financial landscapes.
FXFY invests across multiple stages in the FinTech sector, specifically targeting seed and Series A rounds. The firm offers a range of consulting services, including management consulting, corporate structure advice, executive recruitment, and regulatory assistance. FXFY's investment strategy emphasizes supporting companies that aim to disrupt legacy business models, particularly in areas such as FX infrastructure, prime brokerage, digital banking, and capital markets technology.
In addition to financial backing, FXFY assists portfolio companies with deal sourcing, risk management, regulatory compliance, and strategic planning. The firm seeks to partner with founders who demonstrate a strong vision and the ability to navigate the complexities of the financial technology landscape. FXFY's check sizes range from $10,000 to an unspecified upper limit, reflecting its flexible investment approach.
FXFY's portfolio encompasses a diverse range of companies across various sectors, including:
While specific names and outcomes of portfolio companies are not disclosed, FXFY's focus on sectors such as AI and RegTech indicates a commitment to investing in technologies that enhance financial services and regulatory compliance. The firm’s strategy aligns with its goal of supporting companies that can effectively challenge traditional business models.
Mushegh Tovmasyan - Founder & Principal. Tovmasyan has a background as the former CEO of Divisa Capital Group and currently serves as the Chairman of Zenus Bank. He has successfully exited two prior ventures: Divisa Capital and Equiti Group. His expertise lies in the FX and trading industry, making him a well-known figure in these circles.
To pitch FXFY, founders should reach out through their website. A well-structured pitch deck should include details about the business model, market opportunity, and competitive landscape. While specific response time expectations are not provided, it is advisable to follow up if no response is received within a reasonable timeframe.
FXFY runs a program focused on providing consulting services to startups in the FinTech sector. This program includes management consulting, corporate structure advice, and regulatory assistance, aimed at helping companies navigate complex financial landscapes.
In May 2021, FXFY led an investment round for Advanced Markets, a prime-of-prime FX broker, contributing over $10 million alongside Corbel Capital Partners. This investment was aimed at expanding Advanced Markets' global reach and enhancing its service offerings.
What are FXFY's investment criteria?
FXFY primarily invests in FinTech companies at the seed and Series A stages. The firm looks for companies that have the potential to disrupt legacy business models, particularly in FX infrastructure, prime brokerage, digital banking, and capital markets technology.
How can startups apply or pitch to FXFY?
Startups interested in pitching to FXFY should prepare a detailed presentation that outlines their business model, market opportunity, and how they plan to disrupt existing markets. While specific application forms are not mentioned, reaching out through their website is recommended.
What makes FXFY different from other venture capital firms?
FXFY operates as a boutique merchant bank, combining advisory services with principal investments. This hybrid model allows them to provide comprehensive support to portfolio companies, including management consulting and regulatory assistance.
What is FXFY's geographic scope?
FXFY is based in the United States but operates with a global focus, particularly in the FinTech sector. The firm has a presence in Puerto Rico and Nicosia, Cyprus.
What is the typical check size for FXFY's investments?
FXFY's check sizes range from $10,000 to an unspecified upper limit, allowing for flexibility in their investment approach.
What kind of post-investment involvement does FXFY have?
FXFY adds value to its portfolio companies through advisory services, helping them with deal sourcing, risk management, regulatory compliance, and strategic planning.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.