New BankTech Ventures Fund Appoints Entrepreneur and Managing Director of Fintech Investors

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IRVINE, Calif., October 13, 2021 / PRNewswire / – BankTech Ventures, LP, (BTV), a venture capital fund with general partners of The Venture Center, the Independent Community Bankers of America (ICBA), Hovde Group and leading community banks, including Coastal and Sunwest Bank, today announced Carey Ransom as its general manager. Ransom, a serial tech entrepreneur and fintech investor, takes the helm as the fund seeks to partner with many community banks across the country.

Backed and approved by the ICBA and The Venture Center, producer of Finovate’s Best Accelerator of the Year 2020, BankTech Ventures specializes in connecting and accelerating banking technology-focused startups. BankTech Ventures’ limited partner base expects to reach over 150 community banks across the United States, making the fund’s strategic ecosystem value unprecedented for bank-focused and community banking startups. .

“Community banks are the backbone of thousands of towns and cities across the country, and as they continue to evolve to serve their communities, emerging technologies will play a key role,” said Ransom. “I am delighted to join a leading banking and technology team to launch BankTech Ventures to invest in the next generation of technology focused on community banking. Together, we will help ensure that community banks remain competitive in a rapidly changing landscape. “

Mr. Ransom’s 25-year career in software and venture capital includes first senior management positions at Aspiration and Happy Money, Director of Product and Innovation at Experian, and most recently as a co-founder and President of Operate, a venture capital studio investing in and in partnership with more than 20 SaaS and fintech entrepreneurs.

“We are delighted to have Carey Ransom join BankTech Ventures and lead day-to-day fund operations “, Carson Lappetitosaid the chairman of Sunwest Bank. “Carey and I have worked together on innovative technologies and ideas for Sunwest for many years, and it’s a great development to continue our momentum with BankTech Ventures.”

BankTech Ventures, LP (www.banktechventures.com) target $ 150-200MM for its first fund and expects a first close at the end of October. The fund is already evaluating several investment opportunities. The other general partners of the fund are Eric Sprink, CEO of Coastal Community Bank; Carson Lappetito, chairman of Sunwest Bank; Steve hovde, Chairman and CEO of the Hovde group; Charles Pott, Director of Innovation, ICBA; and Wayne miller, Executive Director, The Venture Center.

About BankTech Ventures, LP.

Established in 2021, BankTech Ventures, LP is the premier venture capital fund created for and by key leaders in community banking, banking technology and fintech. BTV serves the community banking ecosystem through strategic investments, education and collaboration with its limited partners and ICBA members by providing a risk-free and / or fully controlled network of leading and emerging banking technology companies to enhance the value of a community bank, as well as the goal for strong returns from the underlying investments in those companies. Learn more at www.banktechventures.com.

About Sunwest Bank
Founded in 1969, Sunwest Bank is a private commercial bank with more than $ 2.0 billion in assets. Based at Irvine, California, with operations in California, Arizona, Idaho, and Utah; Sunwest is an entrepreneurial investment bank with a long tradition of providing excellent service to entrepreneurs, private companies, family offices, small and medium businesses and real estate developers across the Western United States. Sunwest Bank is a member of the FDIC and Equal Housing Lender. To learn more about Sunwest Bank, visit https://www.sunwestbank.com/.

Contact:
Heather tidwell
[email protected]
949-777-1333

SOURCE Sunwest Bank


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