Vesey Ventures

We are thrilled to announce our investment in the exceptional PointFive team! ✨ Cloud cost optimization is on everyone’s agenda. At Vesey Ventures, looking at this space through the lens of the financial services industry, we've seen firsthand the challenges financial institutions face as they embark on their long and complex cloud journeys. Initially, the focus was on crafting a cloud strategy to drive digital transformation, foster innovation, and enhance agility. As companies progressed in this journey, the emphasis shifted towards driving down costs. We've observed the rise of FinOps teams within their technology organizations and a strong movement towards unifying the engineering experience. Working with incumbents and highly regulated institutions requires being enterprise-grade and scalable, with a deep understanding of enterprise intricacies from day one. This also means prioritizing security and compliance from the get-go, addressing complex issues for organizations with thousands of engineers, and offering the appropriate level of customization and control. PointFive does exactly that. There is no better team to tackle the hardest problems first, with an innovative and differentiated approach. Pointfive’s cloud cost optimization platform for enterprises with its DeepWaste™ detection technology uncovers hidden inefficiencies and identifies infrastructure-level savings opportunities. The platform contextualizes insights, provides actionable pathways for remediation within existing workflows, and promotes collaboration between FinOps and engineering. And they are just getting started! 🚀 Excited to back Alon Arvatz, Gal Ben David 🇮🇱🎗️, Amir Hozez and the entire PointFive team and join forces with Index Ventures, Entrée Capital, and Sheva Capital in PointFive’s $16M Seed round.  Read more below! https://lnkd.in/dyASBC3q

We're thrilled to back Finaloop! We're joining co-investors Lightspeed, Commerce Ventures, Accel and Aleph in Finaloop's $35M Series A financing. Read more below! Lindsay Fitzgerald Sarah Kreifus

We had a fantastic morning at Vesey Ventures' "Power Connections: Managing Risk in Volatile Times", as part of #NYFinTechWeek. Our dynamic panel and engaging roundtable sessions brought together innovative founders and top executives in risk management, credit, fraud prevention, compliance, and data from Mastercard, PayPal, Alloy, BNY Mellon, SVB, Valley Bank, TransUnion, Plaid, Coast, and more.   Our favorite founder feedback: “The Vesey event truly stood out, leaving all others in the dust!... The panel discussion was insightful, featuring some of the industry's most knowledgeable speakers, and the roundtables were incredibly focused and engaging.”   A few key takeaways: 📊🕵️♂️ 1. Data: While financial institutions are constantly exploring new data sources, significant challenges remain in breaking down existing data silos. The data you are looking for might already exist helping solve another use case for a different business function, emphasizing the need to have all the data in one place and leveraging it across the entire customer lifecycle. 2. GenAI: -Lots of startups in the audience leveraging GenAI, but adoption for incumbents is in very nascent stages, mostly used for generating training data to improve fraud detection when it comes to risk use cases. No surprise, the key to broader adoption lies in establishing robust guardrails. -A big tailwind for fraudsters…we will see lots more fraud losses and existing tools coming offline. Companies will need a dynamic and ever-changing set of tools. 3. Collaboration: Promoting better collaboration and data sharing between financial institutions, fintechs, and regulatory bodies is vital for effective AML and CTF. Imagine a world in which the industry has access to SAR filing dataset! 4. Regulation: Keep an eye on the CFPB's proposal to implement Section 1033, which could reshape data accessibility. 5. Startup-Incumbent partnership tips: Don't try to solve everything. Identify specific gaps, be very clear on your use cases and what your product does and doesn’t do.. And oh yes, lots of patience!   A huge thank you to our partners at Mastercard and SVB, and to all the speakers, moderators, and founders who contributed to the success of this event. Stay tuned for our next Power Connections event! Jill Zucker Sheckman Tommy Nicholas Marcus Ford-Bey Aengus Hallinan Sanjay Sidhwani Melanie G. Nicolas Buc Joseph Franzone Justin Murry Alex Widen Anurag Puranik Howard Morgan Viral Shah Susan Sobbott Jeff Allen Alexander A. Jason Ioannides David Galvan Ryan Stern Brian Foley Ita Ekpoudom Bruno de Roquefeuil Alexander A. Ilana Fass Julia Huang Lindsay Fitzgerald Vincenzo Salina Amorini, CPA Sarah Kreifus

Congrats to Daniel Simon and the whole Coast team. We're thrilled to add "fuel" to this fleet card fire! 🚗 💳 🔥 Many SMB industries are left behind by the spend management tools popularized in tech rags. Fuel cards are a critical part of how field services businesses operate. They're specialized businesses that require specialized solutions. Enter Coast. We're excited that this fundraise will help get Coast in the hands of more fleet managers so they can focus on their business, and not their back office.

📊🕵️♂️ Risk, Fraud, and Compliance Founders: Apply now to Vesey Ventures’ Power Connections Breakfast “Managing Risk in Volatile Times” 🥐 (4/11, NYC), in partnership with Mastercard. The event will feature a distinguished panel followed by roundtable discussions, where startup founders will be matched with the biggest names in risk management, fraud prevention, compliance, and data - execs from Mastercard, PayPal, BNY Mellon, Webster Bank, Valley Bank, Silicon Valley Bank, TransUnion, Alloy, Plaid, Coast, and more. ↗ Early stage founders building in this space, step up your #NYFinTechWeek agenda with this truly impactful networking opportunity and apply here! 👇   https://lnkd.in/dTZYEF73 Vesey Ventures is hosting this event with proud support from Silicon Valley Bank   ⭐ Jill Zucker Sheckman Tommy Nicholas Marcus Ford-Bey Joseph Franzone ⭐   ✨ Lindsay Fitzgerald Julia Huang Vincenzo Salina Amorini, CPA Sarah Kreifus✨

Early stage founders building in risk management, fraud prevention, compliance, and data – beef up your #NYFinTechWeek agenda and don’t miss out on this incredible opportunity to make impactful connections. Apply to join us! 👇   https://lnkd.in/dwZvNjZy

Despite the first fall of ❄❄ and an early start last Tuesday, founders and corporate partners turnout in droves for Vesey Ventures' Power Connections: Future of Commerce Event at NRF! We had a blast with our all-star panel discussing how AI is going to impact the #FutureofCommerce. The breakout sessions where startup founders got to connect with leaders from the commerce industry were absolute 🔥!! What is the road ahead for the Future of Commerce🛍 🛒? 1. AI increases the surface area of impact for merchant and consumer facing products - the key is to balance customer demands and take the longer horizon view to prioritize implementation. 2. Internal AI applications for operational efficiency is even more important in the short term especially for financial institutions and regulated industries that have restrictions on customer facing use cases. 3. AI will move from user driven tools and features into more autonomous applications. Governance is important and should not be an afterthought. A huge thank you to all our friends and sponsors Synchrony, Silicon Valley Bank and Cooley LLP, speakers, moderators and the founders who helped make this event such an incredible success. Can’t wait to see everyone at the next Vesey Ventures Power Connections event coming soon….

Congrats to our portfolio company Coast on being featured in the Fintech Innovation 50 list! 🏆 Well deserved, Daniel Simon and team. 👏 #FintechInnovation50 #fintech

Time is running out! 🛍 Commerce Enablement Founders: don't miss this truly impactful networking opportunity! Apply now to Vesey Ventures’ “Future of Commerce” Breakfast 🥐 (1/16, NYC). 👇 https://lnkd.in/e2WEQc3a The event will feature our panel on “AI in Commerce Enablement” followed by roundtable discussions, where startup founders will be matched with the biggest names in commerce - execs from Shopify, Amazon Web Services (AWS), Synchrony, Walmart, PayPal, American Express, Firework and more. Thank you to our incredible sponsors Synchrony, Cooley LLP and Silicon Valley Bank ⭐ Vince Koh Eva Wang Tian Tian Feng Timothy Christensen ⭐ ✨ Julia Huang Lindsay Fitzgerald Sarah Kreifus Vincenzo Salina Amorini, CPA ✨