Dublin-based fintech Asset Class secures $3m investment from Angel Oak Ventures
Asset Class, a fintech company headquartered in Dublin, with offices in New York and London, announces a strategic investment from Angel Oak Ventures, the technology venture arm of Angel Oak Companies, which is headquartered in Atlanta.
Formed in 2020, Asset Class provides a range of innovative custom and packaged software solutions to clients across financial sectors, including private equity, venture capital, financial advisory and commercial lending.
Ferdinand Roberts, CEO and Founder of Asset Class, said, “We are focused on helping clients take the necessary leap forward to digitize everyday, end-to-end processes with their clients and partners. Asset Class removes the inefficiencies and waste that come from largely paper-based interactions across our target markets. Angel Oak shares that vision. We are delighted to welcome Angel Oak as a strategic investor to help us accelerate the development of next-generation solutions for the financial services marketplace.”
In addition to the expansion of Asset Class’ technical development team in Ireland, the firm will expand its sales and go-to-market infrastructure as it addresses the software demands of the U.S. and European markets.
Sreeni Prabhu, Co-CEO of Angel Oak Companies, and Nik Chillar, Co-President of Angel Oak Commercial Lending, will join the Asset Class board of directors.
“Investing in Asset Class made sense for us as we look at some of the macro-level shifts in financial services,” said Prabhu. “Working with Asset Class will enable us to execute on our ‘digital first’ initiatives as we enable partners, investors and borrowers to conduct business with us in a frictionless manner. Asset Class represents the ideal mix of entrepreneurial spirit and ability to execute that Angel Oak Ventures seeks to invest in, and we look forward to working with Ferdinand and his team to help make that vision of frictionless finance a reality.”