Investec backs H2 in fintech play
Financial services technology investment vehicle, H2 Corporation has received an injection from Investec Australia.
The company announced today that the Investec investment, the size of which has not been disclosed, would assist H2 Ventures to expand its H2 Accelerator.
H2 was established by brothers Ben Heap and Toby Heap in 2015 and invests in early stage fintech startups. It recently launched the third round of its H2 Accelerator in Stone & Chalk, Sydney's fintech hub.
Commenting on the Investec investment, Heap said the additional funding would allow for the scaling up of the H2 Accelerator program, to fund more start-ups.
Investec Australia's David Phillips said the company believed in entrepreneurs.
"We are backing Ben and Toby to identify and help grow the best fintech entrepreneurs in Australia," he said.
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