According to Mark Gormley, a partner with Capital Z Partners, very
few venture capital Wrms focus on e-Wnance and, apart from the
securities Wrms and banks themselves, Capital Z is the only one in
Europe that deals exclusively with it.
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mark Gormley: systems neglected in
Europe |
Capital Z has primarily focused on enabling technologies
and products that can be immediately utilized by the Wnancial
sector. "We don't want to be in any business where we have to
change people's mindsets," says Gormley. "For anything where you
have to change either the consumer's mindset or a business's way of
doing things, we're Wnding the adoption rates are slow and the cash
burns are high. To us, those are diYcult investments to make, so
what we're looking to invest in is businesses that these big
Wnancial institutions can use to improve and help their business."
One such company Capital Z recently...
