Nyca Partners Closes $125 Million Venture Fund

NEW YORK — Nyca Partners, which was launched in 2014 by Hans Morris, a long-time Citigroup banker and former President of Visa, has closed its latest venture capital fund with more than $125 million in funding commitments.

Nyca closed its $30 million first fund in July 2014. Over the past 30 months, 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.

“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,” said Hans Morris. “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.”

Fund II has made more than a dozen investments to date, including Axioma, EmBroker, Ladder, LeapYear, and Personetics. The fund has 10 institutional investors and 29 Limited Partner Advisors with senior industry experience. All members of the Nyca community have agreed to help the companies in the portfolio succeed in a complex and highly regulated sector.