Venture investment firm Anthemis and Exponential Ventures, the venture capital arm of financial services firm MMI Holdings, have formed a financial wellness incubator.
Launched in 2016, Anthemis-Exponential Ventures has invested in four financial wellness startups, including intelligent savings platform Abaka, online banking service Monese, savings app Qapital and financial wellness app Payoff.
Erica Young, an industrial designer and serial entrepreneur who joined Anthemis in 2015, leadds the team, reporting to the Anthemis-Exponential Ventures executive board.
Exponential Ventures managing partner Dan Smith said: “Solving hard, intractable problems at scale needs world-class thinkers and doers to break down traditional product/market silos, navigate evolving regulatory landscapes and develop tech sophisticated in its ability yet elegantly simple for the user.”