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Family office invests in fintech company
Other - AUGUST 1, 2019

Family office invests in fintech company

by Andrea Zander

FinFit, a FinTech company, has raised $7 million in Series B funding. The round was led by Galaxy Investment Partners, the family office of Michael Novogratz, with participation from existing investors Bison Capital Asset Management and others.

The capital will be used to solidify the company’s growth plan and sustain its vision to provide a unique financial wellness benefit platform to today’s workforce. And the investment will help FinFit continue to launch and enhance products and features, and grow its team.

“FinFit partners and clients are quickly adopting its innovative and comprehensive financial wellness solution, validating the offering and vision,” said Nick Holderness of Galaxy Investment Partners. “With differentiated technology and a strong leadership team, we believe that FinFit is well positioned to continue to drive exponential growth and further solidify its best-in-class solution in this fast-growing industry. We’re excited to lead FinFit’s Series B round, partnering with its team and investors to further accelerate the company’s rapid expansion.”

Novogratz is an ex-hedge fund manager, formerly of the investment firm Fortress Investment Group.

 

 

 

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