MissionOG co-leads $42M round for Atlanta fintech company - Technical.ly Philly

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Nov. 5, 2015 7:33 am

MissionOG co-leads $42M round for Atlanta fintech company

After investing in local companies from various sectors, the Center City firm has spent the last year focused on fintech companies across the globe.

MissionOG's latest investment is in an Atlanta tech company.

(Skyline of downtown Atlanta, Georgia, USA by Sean Pavone via Shutterstock)

MissionOG co-led a $42 million round for FactorTrust, an Atlanta fintech company.

After investing locally in companies like PeopleLinx, Cloudamize and OneTwoSee, the Center City investment firm has seemed to shift focus and set it sights on fintech companies around the world. Its managing partners come from the fintech industry, including partners Kevin O’NellDrew Kese and Andrew Newcomb, who were executives at Conshohocken-based Ecount, which got acquired by Citigroup in 2007 for $220 million.

The other lead investor was ABS Capital Partners, which has offices in Baltimore and San Francisco.

FactorTrust also hired Michael Heller, a MissionOG advisor, as president, according to this Atlanta Business Journal report.

MissionOG has been raising a $50 million fund since last year. They’ve raised more than $19 million, according to an SEC filing from August.

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Juliana Reyes

Juliana Reyes became Technical.ly's editorial product lead after reporting on the Philadelphia tech scene for four years. She's co-president of the Asian American Journalists Association Philadelphia chapter and a two-time Philadelphia News Award winner for "Community Reporting of the Year." The Bryn Mawr College grad lives in West Philly, likes her food spicy and wears jumpsuits often.

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