Omidyar spins out fintech arm as Flourish Ventures
Omidyar Network, a global impact investment firm launched by eBay founder Pierre Omidyar that is an active investor in Asia, has spun out its financial technology division into a new VC firm called Flourish Ventures.
Flourish’s initial team will comprise the 18 professionals currently working at Omidyar’s Financial Inclusion Initiative. The firm will take over the parent's $200 million worldwide portfolio, including...
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