We’ve been investing in financial services infrastructure since Homebrew’s inception, starting with our seed investment in Plaid. Innovation in financial products for consumers and businesses is still often hamstrung by legacy infrastructure and processes. So we’ve consistently been active in identifying opportunities to replace those antiquated systems with modern software and APIs, enabling an entirely new era of financial services innovation that can dramatically benefit end customers.
Our original investment in Hummingbird was based on the idea that financial services companies, new and old, would seek out more efficient and effective strategies to tackle compliance and regulatory requirements. By replacing manual but required processes, they could focus resources on what differentiates them, their products and customer experiences. Hummingbird recently raised a Series A of $8.2 million to continue helping financial institutions fight financial crimes more efficiently and effectively. We’re thrilled to continue investing in a company that is solving a problem that is critical to easing further innovation in the industry. And we’re even more excited to continue supporting a team that uniquely combines product and regulatory expertise to deliver an incredible set of products and services.
Hummingbird is hiring so if you’re keen to unlock financial innovation while maintaining the safety of our financial systems, check out its open positions.