Mar 7, 2022 - Economy

Scoop: Investor Nichole Wischoff raising $50M solo fintech fund

Illustration of a woman looking over a pair of sunglasses with a blank check in the reflection.

Illustration: Aïda Amer/Axios

A new fund is coming to town. Nichole Wischoff, who spent the last five years working at companies like Blend and Built Technologies, is raising a $50 million solo fund to invest in fintech startups, she tells Axios Pro.

Why it matters: The number of solo capitalists is on the rise, as we've written before. But a huge gender imbalance remains, particularly in fintech.

Details: After investing out of a $4 million fund part-time, Wischoff is now raising $50 million to become a full-time investor.

  • Some of her existing portfolio companies include Vesta, Coast Pay, OAK Network, and Inspectify.
  • With Fund II, she plans to write checks between $250,000 and $1 million for seed and pre-seed startups and expects to make 25-35 investments out of the fund — of which 8-10 will be core investments.
  • Web3 and crypto will not be a huge focus, as she's more interested in trying to fix some of the problems with our existing financial system.

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