Paris based emerging manager seeder NewAlpha Asset Management, part of La Française group, has recently made its first investment in a fintech through the dedicated venture capital fund it launched in November 2015.
Some 2.3m have been invested in Heoh’s capital with the aim of speeding up the development of its innovative platform that allow individuals to give donations through payment terminals.
Heoh has set a target of recording €60m inflows for non-governmental organisations over the five coming years.
The fintech has been launched in 2012 by Ghislain d’Alançon and Antoine Vaccaro.
Heoh has already tied major partnerships with companies specialised in payment terminals and IT such as Microsoft and IBM as well as renowned NGOs.