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Our Broken Chains

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Credit: Broken Chains

Congratulations on the well-deserved international recognition for your documentary, Broken Chains! As a Black investor based in Singapore, why was making a documentary about this pressing issue so important to you?

Broken Chains is a documentary project started in June 2020 in Singapore after global protests against institutional racism following the murder of George Floyd. The death of George Floyd and discussion about institutional racism inspired me to write a Medium-post called “I am exhausted and I want you to know why.” I was looking for a way to help bring systemic racism to the attention of corporations and the tech industry. Oftentimes people would see racism but have difficulty understanding how these issues have reverberating and persistent effects on the individuals targeted as well as society at large. After I published my article, many people asked: “what can I do besides listen?” The answer is not only complex but requires input and insight from different layers of society, different generations, and different backgrounds.

In the days following George Floyd’s death, over 200 major companies made statements supporting social justice. Almost all of those statements were made via Twitter. They used words like “justice,” “solidarity” and “equality.” If the responses of some of the most economically powerful organizations on the planet can be summed up in less than 280 characters, we have a problem. That’s not a discussion on racism. That’s not a roadmap to economic empowerment. That’s a snapshot for social media and we need a plan.

Broken Chains gives perspectives on how we move on from here. Systemic racism is prevalent in corporate life, sports, social life. Every part of our lives. We can’t solve all these problems in one go but we intend to give some insight on one of the larger issues amongst people of color: lack of access to opportunity and the creation of wealth. One of the common threads in the documentary is about generational wealth.

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Credit: Broken Chains

Broken Chains unveils America’s racial wealth divide. Does the film talk about how equal opportunities can be fostered to reduce this gap? Can you give us any insights into this?

Through the documentary we are investigating the effects of systemic racism through an economic lens, Broken Chains is a personal documentary exploring the racial wealth gap in America. Featuring in-depth interviews with today’s leading economists, educators, entrepreneurs, investors, policymakers, and technologists, We identify 8 critical barriers to black success and explores what needs to be done to create a more equitable system that fosters equal opportunity. Unfortunately, we live in a society plagued by systemic racism. How can we, as a society, work to improve this situation? There are a lot of ways we can move forward but the first step is listening to the issues in the community. Next we need major stakeholders such as corporates and investors provide a level playing field. We can’t move forward if access isn’t equally distributed.

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Credit: Broken Chains

On October 19th, Silicon Valley Bank (SVB) is hosting a fantastic event titled “Step Forward.” Are you seeing other corporate events taking similar steps to boost the conversation about diversity on the horizon?

Over the past few years, we have seen more corporates step up and have a conversation about diversity. We still have a long way to go.


Check out the virtual SVB Step Forward event on October 19th where Michael will be joining the “Story of Hope and a Call to Action” panel to discuss the film with cast members Jotaka Eaddy (Founder & CEO, Full Circle Strategies) and Nick Caldwell (Twitter’s VP of Engineering) – moderated by Courtney Karnes (SVB’s Access to Innovation Director).

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Fundraising 22 hours ago

Despite ongoing conflict, Ukrainian fintech companies continue demonstrating remarkable resilience in securing international investment, challenging preconceptions about wartime entrepreneurship in Europe’s eastern frontier. The latest proof comes from Fintech IT Group, which has successfully raised €16.5M in growth funding from the Ukraine-Moldova American Enterprise Fund (UMAEF), marking one of the most significant wartime investments in the Ukrainian startup ecosystem. This funding round represents more than capital allocation—it signals international confidence in Ukraine’s tech sector durability and the strategic importance of maintaining financial infrastructure during crisis periods. Ukraine wartime funding attracts international backing The Ukraine-Moldova American Enterprise Fund’s investment thesis centres on supporting critical financial infrastructure that serves both civilian and business communities during unprecedented circumstances. UMAEF, backed by the U.S. government, specifically targets companies providing essential services that maintain economic stability in challenging geopolitical environments. “We’re investing in companies that demonstrate not just financial potential, but strategic importance for regional economic resilience,” noted UMAEF representatives familiar with the deal. This approach differs markedly from traditional European venture capital, which typically prioritises pure growth metrics over strategic infrastructure value. The investment reflects broader international recognition that Ukrainian fintech companies have proven their operational capabilities under extreme stress conditions—a unique value proposition in European markets where regulatory compliance and operational resilience increasingly matter to institutional investors. Monobank’s European expansion strategy Fintech IT Group, operating primarily through its flagship Monobank platform, has established itself as Ukraine’s leading digital bank with over 7 million active users. The company’s mobile-first approach and robust API infrastructure have proven particularly valuable during wartime, when traditional banking channels face physical disruption. The €16.5M funding will primarily support technological infrastructure expansion and enhanced security measures, according to company leadership. This includes strengthening cross-border payment capabilities and developing additional financial products tailored for both domestic and international Ukrainian communities. “Our experience maintaining financial services during conflict has given us unique insights into building resilient fintech infrastructure,” explained Monobank leadership. “These capabilities position us well for expansion into other European markets where operational reliability is paramount.” The funding also enables deeper integration with European financial systems, potentially positioning Monobank as a bridge between Ukrainian diaspora communities and their homeland—a strategic advantage as refugee populations establish new lives across European capitals. This investment underscores how wartime innovation often produces solutions with broader European market applications, particularly in financial services where trust and reliability prove more valuable than flashy features. For Ukrainian startups, proving operational excellence under extreme conditions may well become their unique competitive advantage in European expansion.

Fundraising 1 day ago

The UK’s fintech landscape is witnessing a new wave of institutional backing as specialised accelerators emerge to bridge the gap between early-stage innovation and scalable growth. Against this backdrop, Antidote has secured €2.95M (£2.5M) in funding to launch its accelerator programme focused on fintech and Bitcoin-adjacent technologies. The funding signals renewed confidence in the UK’s position as a global fintech hub, despite ongoing regulatory uncertainties around digital assets. Led by Fulgur Ventures, the round reflects the growing appetite among European investors for infrastructure plays that can nurture the next generation of financial technology companies. The timing aligns with increasing institutional adoption of Bitcoin and digital assets across traditional finance, creating demand for specialised support structures. Fintech accelerator funding attracts specialist investors Fulgur Ventures’ decision to lead this round underscores the firm’s thesis around Bitcoin infrastructure and the tools needed to support mainstream adoption. The Venice-based venture capital firm, known for backing Lightning Network infrastructure companies and Bitcoin-native startups, sees Antidote as a strategic platform to identify and develop promising UK fintech talent. “The UK remains one of Europe’s most vibrant fintech ecosystems, but there’s a clear gap in specialised support for Bitcoin and crypto-adjacent innovations,” notes a Fulgur partner familiar with the investment. “Antidote’s approach combines traditional accelerator methodology with deep domain expertise in digital assets.” The investor’s portfolio strategy focuses on companies building critical infrastructure for Bitcoin adoption, from payment rails to custody solutions. Antidote fits this thesis by positioning itself as a talent pipeline for the next wave of Bitcoin-enabled financial services. Bridging traditional fintech with digital asset innovation Antidote’s programme targets the intersection between established fintech verticals and emerging digital asset opportunities. This positioning reflects broader market dynamics where traditional financial services increasingly integrate blockchain-based solutions, creating demand for hybrid expertise. The accelerator plans to support 8-12 startups per cohort, providing €50,000 in initial funding alongside mentorship from industry veterans. The programme specifically targets companies working on payment infrastructure, trading platforms, custody solutions, and compliance technology for digital assets. “We’re seeing exceptional talent in the UK who understand both traditional financial services and the technical nuances of Bitcoin,” explains Antidote’s founding team. “Our role is to provide the runway and expertise needed to turn these insights into scalable businesses.” The funding will support programme operations, mentor network development, and follow-on investment capacity for portfolio companies. Antidote also plans to establish partnerships with major UK financial institutions seeking exposure to digital asset innovation without direct investment risk. This launch reflects the maturation of Europe’s digital asset ecosystem, where specialised support infrastructure is emerging to complement general-purpose accelerators. With regulatory clarity improving across EU markets, accelerators like Antidote are positioning to capture the next wave of fintech innovation at the intersection of traditional finance and digital assets.

Fundraising 1 day ago

Germany’s tax advisory sector faces a looming crisis. With 57% of the country’s tax advisors aged over 50, the profession confronts both a demographic cliff and mounting pressure to digitalise decades-old processes. Into this gap steps AnyTax, which has secured €1 million in pre-seed funding from IBB Ventures to modernise Germany’s tax infrastructure through intelligent automation. The Berlin-based startup’s timing couldn’t be more strategic. As Germany’s Mittelstand grapples with increasingly complex tax regulations whilst traditional advisors edge towards retirement, AnyTax’s platform promises to bridge the growing expertise gap through technology that augments rather than replaces human judgment. German tax modernisation attracts strategic investment IBB Ventures’ investment reflects a broader recognition that Germany’s tax advisory market—worth billions annually—requires urgent technological intervention. The Berlin-based VC, backed by the city’s investment bank, has consistently backed companies addressing structural inefficiencies in German business processes. “The German tax system’s complexity creates both challenges and opportunities,” notes an IBB Ventures spokesperson. “AnyTax’s approach of augmenting advisor capabilities rather than replacing them aligns perfectly with how German professional services are evolving.” The funding round positions AnyTax within a growing cohort of European RegTech companies that specifically address continental European regulatory environments, rather than adapting Anglo-Saxon solutions. This localised approach proves increasingly valuable as EU member states maintain distinct professional service requirements. Addressing Germany’s tax advisor shortage through technology AnyTax’s platform targets the critical bottleneck facing German businesses: accessing quality tax advice amid advisor shortages. The company’s technology enables existing advisors to handle larger caseloads whilst maintaining compliance standards, effectively multiplying capacity within the existing professional framework. The startup’s solution addresses uniquely German challenges, including the complex interplay between federal and state tax obligations that confounds even sophisticated international businesses operating in Europe’s largest economy. By automating routine compliance tasks, AnyTax frees advisors to focus on strategic tax planning—precisely where human expertise adds most value. Founder insights suggest the €1 million will primarily fund platform development and partnerships with established German tax advisory firms, recognising that success requires deep integration with existing professional networks rather than attempting to bypass them entirely. AnyTax’s funding reflects broader momentum in European professional services technology, where regulatory complexity creates sustainable competitive moats for startups that truly understand local market dynamics. As Germany’s tax landscape grows increasingly sophisticated, platforms like AnyTax become essential infrastructure rather than mere efficiency tools.

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