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Illuminate Financial Management is pleased to announce that their Head of Asia, long standing team member and seasoned FinTech investor, Luca Zorzino, has been named partner.
This move will see the team bolster presence in Singapore, as they continue driving investment into Asia-Pacific B2B FinTech. Heading up Asia Investments, Luca's nearly decade long experience in early stage investments include Singapore businesses Tookitaki and Osome. In addition, the team have hired their first Investment Associate into the Singapore office.
Mark Beeston, Founder and Managing Partner of Illuminate Financial, said:
"The partners at Illuminate are delighted to welcome Luca into the partnership team after working together for nearly 8 years. Luca has really established the Illuminate Financial Management brand and partnership model in the Asia region and we look forward to continue to invest in the growing Asia Fintech opportunity with Luca at the helm."
In addition, Luca Zorzino, commented:
"This is an exciting time to be doubling down on opportunities in Asia-Pacific. We have observed the B2B Fintech market in the region maturing over the past decade, and Singapore has become a hub for ambitious entrepreneurs building global businesses from the very early stages. I am delighted to be leading our expansion and connecting with the local ecosystem."
Southeast Asia remains attractive for FinTech investment, despite external pressures. According to recent research from KPMG's Pulse of FinTech Report, 2022 saw Singapore's FinTech funding hit a three year high of US$4.1billion, up 22% year-on-year. Moreover, Singapore accounts for a lion's share of ASEAN FinTech investments, securing more than half of the total 163 deals, amounting to US$1.8 billion, and 43% of total funding in the first three quarters of 2022, according to a UOB report.
Luca can be reached at lz@illuminatefinancial.com
