New $545 Million Fund Targeting Fintechs

Chip Mahan, helped build Live Oak Bank as well as nCino; now Mahan along with Gene Ludwig are creating a $545 million investment fund with Canapi Ventures; banks, financial institutions, the American Bankers Association and the Independent Community Bankers Association are among the investors; Canapi has offices in Wilmington, Washington DC and New York City. TechWire

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