EJF Capital Hauls $104M for Early-Stage Fintech Fund

Alternative assets manager EJF Capital raised nearly $104 million for the final close of EJF Ventures Fund LP, an early-stage fintech fund focused on blockchain infrastructure, bank technology and wealth management and capital markets software.

The fund will target startups focused on real-time payments, data analytics and harmonization, risk management, customer acquisition and other functions within financial institutions.

“The mission of EJF Ventures is to back leading entrepreneurs reshaping and modernizing the existing financial system and global commerce,” said Neal J. Wilson, co-founder and co-CEO of EJF.

Since inception in January 2022, the fund has invested in 12 early-stage companies in the US, UK and Israel. These companies operate in various financial services sub-sectors, including payments infrastructure and consumer financial services.

EJF Capital is based in Arlington, VA and was founded in 2005 by Manny Friedman and Neal Wilson. The firm managed approximately $6.6 billion across its alternative asset strategies as of June 30.

Earlier this year EJF Capital raised about $470 million targeting litigation finance investments.