Founded in 2014, Oak HC/FT is a venture growth equity fund investing in healthcare information and services and financial services technology. The firm is headquartered in Greenwich with additional offices in Boston and San Francisco.
Portfolio
1
companies
AUM
£1900M
under management
Tricia Kemp
Co-founder and Managing Partner
Tricia brings extensive venture capital experience, having co-founded Oak HC/FT and previously served as a venture partner at Oak Investment Partners. Earlier, she held senior executive roles at Cendant.
LinkedInCoatue led the Series D round, which will fund platform expansion and strategic acquisitions.
"The demand for online payments has skyrocketed following the restrictions due to the effects of COVID, and as a company, we are well placed to provide businesses across the globe with the solutions they need and to get them up and running fast,"
Oak HC/FT led the financing round, which will fund network expansion and product development.
"Global commerce is at a critical inflection point as businesses are pressed to launch new applications, process and accept local payment methods, disburse funds, and manage risk and compliance so they can offer highly localized customer experiences without having to build their own infrastructure. The expectation today is that this must happen around the world in order to drive growth into new markets. As more than half of all transactions worldwide are facilitated via bank transfers and cash, merchants find it increasingly difficult to digitally enable local payment methods and process cross-border sales that are required for international expansion."
