Fintech Vauban on track to create funds and SPVs worth £1bn by Q2 2021

By Oliver Smith on Tuesday 6 October 2020

Digital Banking

CEO Rémy Astie counts Xoogler, The Family and Hashtag Capital among his customers.

Fintech Vauban on track to create funds and SPVs worth £1bn by Q2 2021
Image source: Rémy Astie/Vauban.

Fund creator Vauban has surpassed £200m raised by funds and vehicles created through its platform and its CEO says the fintech is on track to surpass £1bn by mid-2021.

Founded in 2018, Vauban’s aim is to streamline the process of establishing financial special purpose vehicles (SPVs) like hedge funds, venture capital funds and private equity funds through an entirely digital process.

Through its online platform customers can choose the shape, size and jurisdiction of their SPV, and see Vauban’s all-in-one price for its creation and administration.

Previously such a process would have involved speaking with solicitors and accountants on a case-by-case basis, and would take between four and eight weeks to establish—Vauban claims the 134 funds and vehicles it has set up so far have taken an average of just a single week.

Vauban’s customers already include Xoogler, the ex-Google employee investment syndicate, The Family, London Venture Factory and Hashtag Capital.

Rémy Astie, Vauban’s CEO and co-founder told AltFi that while his wealth container platform can be used for a whole host of multi-strategy, property and exotic asset funds, the groups focus is currently on the small and mid-size venture and private equity fund space.

“We were supposed to enter real estate in October, because it's a huge market, but we decided to push back on that that right now, we just really want to saturate the market we’re already in,” Astie said.

Another advantage of Vauban is that fund investors who have passed the platform’s KYC and AML checks can be onboarded to any number of funds built on Vauban without having to repeat the process.

“If you think from the client perspective, the good thing for him is that, you know, he gets to do all of this digitally without the operational nightmare of setting up an SPV,” said Astie.

“But if you think about the end user, which is the investor, whether family offices, institutional investors, etc. For them, the leverage is even bigger because all our SPVs are on the same platform.”

Vauban is also said to be working on its first venture funding round, an interesting prospect for a platform dedicated to helping venture capital funds get set up.

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