Venture capital and advisory firm, Nyca Partners (Nyca), announced on Friday its latest venture capital fund received more than $125 million in total commitments. The company reports that over the course of the next 30 months, its founder, former Visa president, and LendingClub chairman, Han Morris, along with Ravi Mohan, David Sica, and Jeff Reitman, and five Investment Partners Osama Bedier, Brian Finn, Max Levchin, Tom Miglis, and Charlie Songhurst, invested in more than 30 companies across four distinct fintech subsectors: merchant payment solutions, alternative credit, digital advice, and financial infrastructure. Morris stated:
“When we started Nyca nearly three years ago, the goal was to create a unique firm that was comprised of experienced financial services and technology professionals that could help companies succeed in the global financial system. By providing financial technology knowledge to early stage companies, we are able to offer a unique and much-needed service. This is an exciting time for fintech and this latest fund will allow us to continue to invest in companies that leverage technology to build platforms that empower consumers.”
Nyca added that its Fund II made more than a dozen investments to date, which includes investments in Axioma, EmBroker, Ladder, LeapYear, and Personetics. The fund currently has 10 institutional investors and 29 Limited Partner Advisors with senior industry experience. All members of the company’s community have agreed to help the companies in the portfolio succeed in a complex and highly regulated sector.