There is massive momentum in fintech right now: regulations are finally opening up, APIs are more widely available than ever before and there is a sense that existing products — both financial and technical — are just not doing the job that consumers and financial professionals demand.
With excitement like that, fintech has unsurprisingly seen a veritable explosion of exit activity over the past year, with massive numbers being posted on the leaderboard like Credit Karma’s $7.1 billion acquisition by Intuit, Plaid heading to Visa for $5.3 billion and Galileo being snatched by SoFi for $1.2 billion.
So VC firms are bulking up on their fintech talent — even those who specialize in the field itself.
Nyca Partners publicly announced today that Jeremy Solomon will be joining as a principal. Among the best-known and longest-term investors in the fintech space, Nyca has invested in dozens of fintechs, such as Affirm, OpenFin, Blend and Digit over the past six years, and the firm also just raised a fresh $210 million third fund last year.