Motive Partners buys Ramin Niroumand's fintech fund

Embedded Capital was acquired by the New York venture capitalist. Together, they plan to manage 300 million euros in the future.

The New York venture capitalist Motive Partners has acquired the Berlin-based fund Embedded Capital. The fund, which specializes in fintechs, was founded by Ramin Niroumand just about a year ago. Niroumand is known as the founder of fintech incubator Finleap. Neither company commented on the price of the acquisition.

Embedded Capital has invested in nine companies since its founding. Among them were Bezahl.de and the app Luca, which became known during the Corona pandemic. Motive Partners is now aiming for a total volume of 300 million euros with the acquisition. Green Niroumand will work at Motive and is expected to take on a leadership position there.

Motive Ventures is led by Mariano Belinky, who founded the venture capital business of the major Spanish bank Santander. As the Handelsblatt reports, the venture capitalist has so far invested in only five lesser-known startups. More acquisitions could be on the way in the troubled fintech scene, according to the report.