Bankers Helping Bankers Fund Debuts at IBAT Convention
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FOR IMMEDIATE RELEASE
AUSTIN, TEXAS (October 11, 2022) - The Bankers Helping Bankers Venture Fund (BHB Fund) was officially unveiled at the 48th Annual Convention of the Independent Bankers Association of Texas (IBAT) in Ft. Worth Texas on September 25th, in front of a record-setting audience of over 800 attendees. The BHB Fund, which was announced in August, is a technology venture capital fund focused on supporting community banks as they navigate the rapidly changing financial technology landscape. The BHB Fund is managed by Latitude38 Venture Partners in strategic partnership with IBAT, FedFis, and Bankers Helping Bankers. |
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"We are delighted so many bankers were able to meet the fund management team in Fort Worth,” said Christopher Williston, President and CEO of IBAT. “The time for a fund for community banks and by community banks has never been better. We believe we've assembled a unique management team and strategic partners that bring significant investment, operating and industry experience to the table."
“For years, founders have been looking for a venture fund that is data driven and managed by experienced investors and operators", said Tanner Mayo, President of FedFis. “Our proprietary data tells us that bank distribution is the biggest challenge for fintechs. We plan on using our data to facilitate growth acceleration for emerging technology companies. 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. It is the most complete end-to-end ecosystem for community bank-supportive technology companies.”
"We are delighted to be an investor in the BHB Fund," said Chris Doyle, the CEO and President of Texas First Bank, "as its mission driven approach is completely aligned with our strategic direction as we look to leverage technology to serve our communities."
To learn more about The Bankers Helping Bankers Fund, please contact [email protected]
About Bankers Helping Bankers
Bankers Helping Bankers (BHB) is a bankers-only social+ platform for collaboration and education. Through data tools and dynamic user groups, BHB provides community bankers with a knowledge base focused on bank technology and emerging Fintech companies, as well as hot topics such as cryptocurrencies, banking-as-a-service, becoming a sponsor bank, and launching a direct digital brand. The BHB platform is free for bankers, reaching 75% of banks. Join the movement to help save community banking!
About Latitude38 Venture Partners
Latitude38 Venture Partners is a recently launched venture capital firm that is the General Partner for The Bankers Helping Bankers Fund. Latitude38 Venture Partners is led by Managing Partners Neeraj Vohra and Richard Leggett, who each have over 30 years of investing, operating and financial technology experience. Camden Fine, President/CEO of Calvert Advisors, LLC and former president/CEO of the Independent Community Bankers of America serves as the fund’s venture partner.
About IBAT
The Independent Bankers Association of Texas (IBAT) was formed in 1974 and represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation, with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texans, IBAT member bank assets ranged in size from $27 million to $39 billion with the combined assets statewide of nearly $256b billion. IBAT member banks are committed to supporting and investing in their local communities.
About FedFis
FedFis builds data solutions for the U.S. Banking and FinTech industry. Blending public datasets (Call Report Financials, Branch, Demographics, M&A, Contact Data, etc.) with proprietary FedFis datasets (FinTegration Ecosystem©, FinTech Analytics©, FinTegraphics©), and then applying advanced data science techniques, FedFis is able to deliver intelligent insights that represent Financial Institution and FinTech Data in its most intelligent form.
“For years, founders have been looking for a venture fund that is data driven and managed by experienced investors and operators", said Tanner Mayo, President of FedFis. “Our proprietary data tells us that bank distribution is the biggest challenge for fintechs. We plan on using our data to facilitate growth acceleration for emerging technology companies. 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. It is the most complete end-to-end ecosystem for community bank-supportive technology companies.”
"We are delighted to be an investor in the BHB Fund," said Chris Doyle, the CEO and President of Texas First Bank, "as its mission driven approach is completely aligned with our strategic direction as we look to leverage technology to serve our communities."
To learn more about The Bankers Helping Bankers Fund, please contact [email protected]
About Bankers Helping Bankers
Bankers Helping Bankers (BHB) is a bankers-only social+ platform for collaboration and education. Through data tools and dynamic user groups, BHB provides community bankers with a knowledge base focused on bank technology and emerging Fintech companies, as well as hot topics such as cryptocurrencies, banking-as-a-service, becoming a sponsor bank, and launching a direct digital brand. The BHB platform is free for bankers, reaching 75% of banks. Join the movement to help save community banking!
About Latitude38 Venture Partners
Latitude38 Venture Partners is a recently launched venture capital firm that is the General Partner for The Bankers Helping Bankers Fund. Latitude38 Venture Partners is led by Managing Partners Neeraj Vohra and Richard Leggett, who each have over 30 years of investing, operating and financial technology experience. Camden Fine, President/CEO of Calvert Advisors, LLC and former president/CEO of the Independent Community Bankers of America serves as the fund’s venture partner.
About IBAT
The Independent Bankers Association of Texas (IBAT) was formed in 1974 and represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation, with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texans, IBAT member bank assets ranged in size from $27 million to $39 billion with the combined assets statewide of nearly $256b billion. IBAT member banks are committed to supporting and investing in their local communities.
About FedFis
FedFis builds data solutions for the U.S. Banking and FinTech industry. Blending public datasets (Call Report Financials, Branch, Demographics, M&A, Contact Data, etc.) with proprietary FedFis datasets (FinTegration Ecosystem©, FinTech Analytics©, FinTegraphics©), and then applying advanced data science techniques, FedFis is able to deliver intelligent insights that represent Financial Institution and FinTech Data in its most intelligent form.
Source: FI FinTech Newsroom