Tryb seeks funds for fintechs already in a good place

Singapore

A UNIQUE fintech investment firm that counts the former chief executive of the Singapore Exchange (SGX) as a founding partner hopes to raise US$100 million this year to invest in mid-market fintech companies seeking growth in this part of the world.

It is a market segment ripe for the picking, said Magnus Bocker, who left SGX in 2015 for Singapore-based Tryb Capital. The company has been in operation for about a year now, and he is also its chairman.

He told The Business Times in an interview: "We've found so many interesting companies that have still not leveraged their potential in financial technologies."

Tryb invests in fintech companies that have been in business for five to 10 years, and which have a turnover of US$5 million to US$1…