Westpac-backed Reinventure raises third $50 million fund to widen focus to Asia-Pacific

Venture capital firm Reinventure Group has closed its third $50 million fund, with Westpac once more backing the firm.

Coming after the raising of its second fund in August 2016, the fresh $50 million will go towards expanding Reinventure’s focus towards the wider Asia-Pacific region.

Danny Gilligan, cofounder and managing director of Reinventure, said that while the first two funds were focused on the firm’s key themes around “modularisation of the banking stack”, looking at

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