UK fintech firm Anthemis to operate US$10m fund with Hanwha Life

[THE INVESTOR] Anthemis Group, one of UK’s leading fintech investment firm, has joined hands with Hanwha Life to operate a US$10 million (11.3 billion won) fund.

Anthemis was founded in 2010. Its main area of expertise is investing in financial services companies, mainly those in retail banking and consumer finance, data technology and infrastructure, and wealth and asset management.
 

Hanwha currently manages up to 100 trillion won (US$ 87.88 billion) of assets. The two sides forged a strategic partnership in 2015. 

Anthemis -- founded in 2010 -- is led by Nadeem Shaikh, who recently spoke of Korea’s potential in the fintech market. In June, he visited Pangyo here to meet with the heads of more than 40 fintech companies.

Regarding the progress, Shaikh told the local press that while the Korean government appears to be providing solid administrative support, the competitiveness of local fintech firms is yet to be proven.

By Kim Ji-hyun (jemmie@heraldcorp.com)