Flourish Fund Spins Out of Omidyar to Back Financial Inclusion Fintech Startups

The new venture firm, Flourish, from The Omidyar Network is launching to investing in startups whose innovations are helping people take advantage of economic opportunity and achieve financial health; the fund is launching with an existing $200mn of portfolio companies and plans to invest $300mn more in the next 5 years; Tilman Ehrbeck, Managing Partner of Flourish, sat with American Banker to discuss the new venture; the interview covers the purpose separating the fund from Omidyar and their view on what the world could look like; they also talked about their hopes of seeing successful exits and impact from their investments, the fund structure being an evergreen fund with permanent capital and more. Source.