BaseVenture, a fintech firm, was acquired by a major financial institution in 2019. The company developed the FundManager.io platform, which leverages cloud-based technology to streamline the complexities of fund management and administration. The management team at Base Venture had worked together for over a decade and successfully led previous startups, including mFoundry, a prominent mobile banking and payment platform acquired in 2013 for $165 million. Institutional investors in Base Venture included Nyca Partners, Illuminate Ventures, the Center for Innovative Technology (CIT), and Alumni Ventures.