Venture Catalysts launches $100-M fund to back fintech cos

Startup incubator Venture Catalysts has launched a growth capital fintech fund called Beams FinTech Fund to invest in fintech startups. It is being launched by an integrated incubator from Venture Catalysts and 9Unicorns. The fund's target size is USD 100 million with a greenshoe option. It plans to invest USD 8 million to USD 10 million in the Series B and C rounds of growth-stage startups led by high-quality founders. It aims to build a portfolio of a dozen fintech startups that will collectively be worth more than USD 200 Billion by 2025.