Fintech firm welcomes executives to its board of directors
Angel Oak Ventures has made a $3 million strategic investment in Asset Class, a Dublin-based fintech company with offices in New York and London.
Established in 2020, Asset Class provides a range of custom and packaged software to clients across the private equity, venture capital, financial advisory, and commercial lending sectors.
“Investing in Asset Class made sense for us as we look at some of the macro-level shifts in financial services,” said Sreeni Prabhu, co-CEO of Angel Oak Companies. “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.”
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“We are focused on helping clients take the necessary leap forward to digitize every day, end-to-end processes with their clients and partners,” said Ferdinand Roberts, CEO and founder of Asset Class. “Asset Class removes the inefficiencies and waste that come from largely paper-based interactions across our target markets. Angel Oak shares that vision.”
In addition to the investment, Prabhu and Nik Chillar, co-president of Angel Oak Commercial Lending, will join Asset Class’ board of directors.
“The deep expertise that Sreeni and Nik bring to the company will be invaluable as we execute our strategy to become the leading player in these financial subsectors,” said Roberts said. “Their breadth of experience, from commercial and residential lending to the broader asset management and capital market sectors, has created a powerful combination that I feel will have a great impact on these markets. I look forward to working with them as we enter this next phase of our growth.”
