Fintech startups, the technology services trying to disrupt the antiquated financial services industry, raised over $100 billion in venture capital funding in 2021, a record for the sector, according to PitchBook.
That party is long over. And now many of the venture capitalists that led those deals are also moving on.
Vetamer Capital Management, an investment firm that focused on fintech, is shutting down its hedge fund, Cory reported this week. The firm didn’t say in its letter to limited partners whether it would cease private market deals, but it’s already parted ways with two of its managing directors, Matt Heiman and Ruth Bryson.
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