Friday, May 6, 2022

Former bank CFO joining fintech-focused fund

An investment group that focuses on fintech and blockchain companies has hired the former chief financial officer of Bryn Mawr Trust to oversee growth and parternships.

JAM FINTOP said in a press release Friday that Mike Harrington will help with engagement with the group’s more than 80 bank investors. 

“As a career banker I have witnessed firsthand the challenges that community banks experience every day to remain relevant and competitive with the large money center banks and nimble fintechs,” Harrington said in the release. 

“I passionately believe in the JAM FINTOP mission to help community banks innovate and build modern tech stacks, and look forward to working with each of our partner banks and portfolio companies in the years ahead,” Harrington added. 

Before joining Bryn Mawr, Harrington served as CFO at Susquehanna Bancshares and First Niagara Financial Group. 

JAM FINTOP, a joint venture between Jacobs Asset Management and FINTOP Capital, manages two funds. JAM FINTOP Banktech, which launched in April 2021 with $150 million of committed capital, has 11 portfolio companies. JAM FINTOP Blockchain, which is set to close in June, has $164 million of signed subscriptions and one portfolio company.

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