Titanbay Series A – Q&A with our CEO, Thomas Eskebaek
At Titanbay, we are very pleased to announce the successful completion of our Series A funding round. We asked Thomas Eskebaek, CEO, for his thoughts on the process, on the relationships Titanbay is forming as a result and on the company’s future growth and development.
Q: Good morning, Thomas. Titanbay has reached a significant milestone with the completion of this funding round. As you reflect on the process, can you tell us more about what it means for Titanbay?
TE: Good morning. I am, of course, very pleased and proud that Titanbay has reached this stage in its development. The investment we have secured will be absolutely instrumental in the business’s growth and expansion. What I am really excited about, however, is the industry expertise, scale and substance of our backers, Motive Partners, abrdn and FNZ. The cementing of Titanbay’s relationships — both individually and collectively— with these industry leaders in fintech investing, asset management and wealth management represents an enormous leap forward as we continue to scale and grow.
Q: The formation and nurturing of these partnerships is clearly very important to Titanbay. What will they offer the business?
TE: That is very much the case. If we consider each one in turn, we can see where the “transformational commercial synergies” we mention in our statement might occur.
Since Motive Partners specialises in backing the type of technology firms that enable the financial economy, it brings extensive expertise to the table. By applying in-depth knowledge of the sector, Motive seeks to create long-term value via its Motive Early Stage vehicle. In Titanbay’s case, one of the ways it could potentially do this is by providing access to more alternatives products.
Turning to the partnership with abrdn, there are a number of significant benefits to consider. For us, these will include access to expertise in building tailored private equity (PE) solutions, fund selection resources and the potential to provide investors with access to co-investment and secondary market opportunities.
And we are delighted to be working with FNZ, which is a leading global presence in the wealth management platform sphere. FNZ’s participation in our funding round means that Titanbay can be integrated into its marketplace, becoming a key part of its offering to both new and existing clients.
Q: Finally, what is on the horizon for Titanbay, and how will these relationships influence development?
TE: Titanbay’s main aim is unchanged — we want to use our platform to provide wider access to private market investments. White-labelling Titanbay technology for partner organisations like private banks and wealth managers to offer their clients is one of the ways in which we can further this aim. In addition, direct access to the platform is available for sophisticated individual investors.
We recognise that these partner organisations and investors are knowledgeable enough to understand that they need to gain exposure to more than just one or two funds. Rather, it’s about being strategic and building a fully diversified portfolio. Here, having access to abrdn’s fund selection resources could be enormously beneficial as we work towards this aim.
Our technology, too, is a critical component in achieving this ideal. It is particularly relevant for wealth managers and private banks. In the past, it has been hugely difficult for them to manage these processes correctly, compliantly and at scale. By partnering with Motive Partners and with FNZ, Titanbay will have the opportunity to both finesse our technological offering with expert input and also to offer it to wealth management and private bank partners on a global scale.
If you found this article interesting, and haven't already signed up to receive
content from Titanbay, please subscribe below.
The views, opinions and estimates expressed herein constitute personal judgments of certain members of the Titanbay Ltd. (Titanbay) team based on current market conditions and are subject to change without notice. This information in no way constitutes Titanbay research and should not be treated as such. Titanbay does not make investment recommendations, and no communication, including this document, should be construed as a recommendation for any security offered on or off the Titanbay investment platform. The views contained herein are not to be taken as advice or a recommendation to buy or sell any investment in any jurisdiction. Any forecasts, figures, opinions or investment techniques and strategies set out are for information purposes only, based on certain assumptions and current market conditions and are subject to change without prior notice. All information presented herein is considered to be accurate at the time of production.
This material does not contain sufficient information to support an investment decision and it should not be relied upon by you in evaluating the merits of investing in any securities or products. In addition, investors should make an independent assessment of the legal, regulatory, tax, credit and accounting implications and determine, together with their own professional advisers, if any investment mentioned herein is believed to be suitable to their personal goals. Investors should ensure that they obtain all available relevant information before making any investment. It should be noted that investment in private placements involves risks, the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Past performance is not indicative of future results. Non-affiliated entities mentioned are for informational purposes only and should not be construed as an endorsement or sponsorship of Titanbay.
Investments in private placements, and private equity investments via feeder funds in particular (such as through the Feeder), are speculative in nature and involve a high degree of risk. The value of an investment may go down as well as up, and investors may not get back their money originally invested. Investors who cannot afford to lose their entire investment should not invest. Past performance is not indicative of future performance. Please refer to the respective fund documentation for details about potential risks, charges and expenses. Prospective investors should carefully analyse the risk warnings and disclosures for the respective fund or investment vehicle set out therein. For private equity investments via feeder funds, investors will typically receive illiquid and/or restricted membership interests that may be subject to holding period requirements and/or liquidity concerns. Investments in private equity are highly illiquid and those investors who cannot hold an investment for the long term (at least 10 years) should not invest. The external Alternative Investment Fund Manager is Avega Capital Management S.A., a public limited company (société anonyme) formed under the laws of Luxembourg, with registered office at 2, rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and registered with the RCS under number B 246.691.
The representative in Switzerland is ARM Swiss Representatives SA, Route de Cité-Ouest 2, 1196 Gland, Switzerland. The paying agent in Switzerland is Banque Cantonale de Genève, 17 quai de l’Ile, Geneva, Switzerland. The Prospectus, the Articles of Association and annual financial statements can be obtained free of charge from the representative in Switzerland. The place of performance and jurisdiction is the registered office of the representative in Switzerland with regards to the Shares distributed in and from Switzerland. Titanbay is an Appointed Representative of Brooklands Fund Management Limited which is authorised and regulated by the Financial Conduct Authority with firm reference number 757575.