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Explaining the 3 C's: who we are, what we do and why we do it.

Author
Bas Rieter
Date
July 6, 2021

Amsterdam-based fintech company Blanco will bring its technology platform for financial service providers to France and Germany. The company is raising new growth money to strengthen its position in two countries.

Blanco provides asset managers and banks with an investment platform based on cloud technology, including for the registration and risk profiling of asset management clients, but also for matters such as identifying account holders via facial recognition.

The company has now sold its system to forty Dutch and Belgian asset managers and financial institutions. The start-up focuses on a segment that is increasingly dealing with regulators.

In the fight against money laundering and counter-terrorism, these companies need to better identify who they are doing business with. Blanco has greatly simplified the so-called know-your-customer procedure.

“Supervisor DNB requires every financial service provider to carry out remedial actions.” Existing customers also have to go through the verification process again. “You can organize such a process yourself and invest a lot or buy it off the shelf,” says Blanco founder Joost Walgemoed.

Just Eat and satellites

Now that Blanco has a strong position in the Netherlands and Belgium, it wants to focus on neighboring countries. The Dutch Founders Fund, which previously invested in delivery service Just Eat, the satellite start-up Hiber and the appointment platform Treatwell, will take on the major part of the investment, totaling € 2 million. Existing shareholders Volta Ventures and KBC Start IT Fund also participate in the last round.

Blanco was founded by several former BinckBank employees and has been active in the asset management administration market since 2015. Binck co-founder Kalo Bagijn joins Blanco’s advisory board.

There is a trend going on in the world of VC. We are not talking about the latest craze of investors jumping on online grocers, nor about the short-lived fling of VCs flooding clubhouse with pitch-competitions and techtalks. Ever wondered how your average VC brands itself? There is a big chance that you have been bombarded with buzzwords like innovative, entrepreneurial or - the most infamous of them all -  adding value.

At the Dutch Founders Fund, we are not too fond of using words like these. Not because we don’t believe in them, but because they have lost pretty much all of their significance. But then the question remains: how do you capture the essence of your fund without sounding like any other VC? 

We figured to keep it simple and understandable. We have summarised the very essence of our fund in three words: conquer, collaborate, contribute. Still too vague? Let us explain.

All of our portfolio companies can expect active guidance and help. We know what it's like to bump into unexpected hurdles when scaling your company. From hiring to firing and from pivoting to expanding, we sit down with our founders to conquer any challenge. We don’t add value, we enable potential. But what about collaborating?

During our time as entrpereneurs, we have built quite the network of investors, entrepreneurs, accelerators and VC’s. Would be stupid not to use this right? That’s why we gladly co-invest with our fellow VC’s, even with smaller tickets. From our friends at Octopus Ventures to our Austrian counterpart at SpeedInvest, we collaborate with VCs all over the world.

We like to invest for a sustainable future, and that goes beyond taking care of our environment. That’s why we have made the ESG-investment standard part of our DNA. We track and measure our portfolio companies by using our very own sustainability index. With Vintage Cash Cow, we helped to decrease the carbon footprint with 75% by enabling people to sell their old stuff. With Minimum, we provide everyone with clear insights in their carbon emissions. See the trend here? By investing in companies with a long-term sustainable focus, we contribute to a better tomorrow.



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