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Amsterdam Student Investment Fund (ASIF), a student-run venture capital (VC) fund, has decided to invest in Dyme, a fast-growing fintech startup from Amsterdam. Also, the funding will help Dyme to further expand its application throughout the Netherlands.
Moreover, this marks the first investment of ASIF, which is 1-year-old and manages around €1 million. Notably, the VC fund is dedicated to supporting startups owned and operated by students or recent graduates in the city.
ASIF believes future is young
ASIF is a VC fund that is managed entirely by students and fresh graduates with the aim to support promising initiatives in the city. As of now, ASIF manages €1 million, which it has received from both public and private sources, including the University of Amsterdam and investors with close associations with the Amsterdam startup fraternity.
With an aim to empower young entrepreneurs in Amsterdam, ASIF is helping in the rapid development of startups by providing adequate financial and social investment. Not just this, it is promoting Amsterdam’s booming entrepreneurial ecosystem and its student community to join hands in order to achieve a diverse and accessible startup environment in the city.
Besides investing and funding activities, ASIF provides various opportunities for students to learn about entrepreneurship and VC, meet startups and other potential employers, and create a network of like-minded innovators.
Dyme: What you need to know!
Dyme maintains a platform where users can view their recurring expenses. It enables them to switch or cancel subscriptions with one click. With the help of secure bank link and smart algorithm, Dyme intends to resolve issues pertaining to finances. It uses advanced machine learning algorithms and leverages the upcoming PSD2 directive, a new European legislation that empowers consumers with more control over their payment data.
Stay tuned to Silicon Canals for more updates in the tech startup world.
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