New FX Venture Fund In the House: FXC - QCP VC Launched by Forex Club and Quadro Capital

In a joint release, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Club and Quadro Capital Partners (QCP) have announced the launch of a new $50 million venture fund called FXC-QCP VC. The fund was formed by Quadro Capital Partners, Vyacheslav Taran and Oleg Reps, founders of QCP and Forex Club and will invest in firms in the financial field. According to the statement, areas of focus include payment systems, asset management, banking, financial and business services (including B2B2C), business simulators & business games and business education.

Funds are expected to be invested in both early stage as well as “actively growing projects." The target geography for funding is Russia and CIS, Eastern Europe, EU and Israel, with a goal of investing in 10 firms with up to $5 million in each firm. The fund is expected to be launched sometime in the first half of 2014.

Commenting on the venture fund, Giedrius Pukas, QCP Founding Partner stated, “Online financial services segment still keeps the high potential for the development. Our deep technical and managerial expertise in financial and internet online services business development in different countries gives reason for proper selection of high-potential projects and the following effective support in their development.”

Co-Founder of Forex Club, Vyacheslav Taran added, “We have solid experience in financial and internet-business on a global scale. Obviously, mentioned industry shows rapid development, therefore it lacks investments. We are sure that FXC –QCP VC and win-win approach underlying the essence of the investment business will support successful development of selected projects and companies."