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Fifth Third Ventures

FIFTH THIRD VENTURES

We invest in and partner with founders and investors that are reshaping the financial services industry.

UNLOCK OPPORTUNITIES

We know that it takes more than capital to be successful.

With an investment from Fifth Third Ventures, you'll have access to:

Our Expertise

Fifth Third has over 160 years of experience providing financial services to our customers. As your business continues to scale, we’re able to connect your business to relationships and expertise around the Organization.

Strategic Partnerships

We have a strong track record of success, creating unique and mutually valuable relationships between Fifth Third and our portfolio companies.

Capital

Our flexible investment mandate allows us to invest across stages with a typical initial investment size of $1-15 million.

Banking Services

Fifth Third’s modern embedded payments platform Newline and our full suite of Commercial Banking services provide solutions from treasury management to equity capital markets to meet the day-to-day banking and the long-term needs of business.

AREAS OF INTEREST

We make non-controlling investments in FinTech companies and venture capital funds that advance the strategic priorities of Fifth Third and share in our culture and values. If your company or fund fits within the following categories, Fifth Third Ventures would love to connect with you.

B2B and B2C Payments

Software to enable and support payment flows across industries and within specific sectors.

Home Buying Experience

Solutions to improve efficiency and enhance the borrower journey.

Consumer Banking

Products and services for payments, rewards, consumer protection, and fraud prevention.

Small Business Solutions

Sector specific banking opportunities and leveraging data to support client growth.

Enterprise Infrastructure

Technology to support delivering financial services to clients in a modern way.

Healthcare Payments

Companies solving for patient, provider and payor pain points at the intersection of healthcare and finance.

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COMPANIES

FUNDS

"Fifth Third takes a long-term view of our relationships with our FinTech partners and we will take the time to understand your startup, your goals, and your challenges. We have the resources needed to continue growing and providing the solutions that support and accelerate our shared goals."

– Rick Holmes, Head of Investments and Data

"Our relationships with and investments in FinTech companies are central to Fifth Third's strategy. As a part of our strategy organization, Fifth Third Ventures is deeply focused on accelerating and de-risking existing strategic priorities by engaging with innovative and impactful entrepreneurs, operators and venture capitalists. This tight alignment with our strategy and executive team has been a key factor in the outcomes we’ve delivered for FinTechs, and the organization’s customers and shareholders."

– Ben Hoffman, Chief Strategy Officer, Fifth Third Bancorp

Rick Holmes
Head of Investments and Data
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Pattie Felts
Managing Director
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Josh Brodsky
Senior Associate
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Ethan Barteck
Senior Analyst
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SUCCESS STORIES

About Provide

Modern healthcare finance for practice owners all in one place.

Founded in 2013 by Daniel Titcomb and James Bachmeier III, Provide offers a comprehensive suite of financial products that help doctors start, acquire, equip, and expand their dream healthcare practices. Throughout its history, Provide has originated more than $2 billion in loans, and in partnership with Fifth Third, has provided core banking and payments services to over 70% of the doctors for whom it provides financing.

The Challenge

The healthcare industry is one of the largest and fastest growing segments of the U.S. economy. The healthcare market is trending to offer more care in retail locations, rather than hospitals. The ageing dentist and physician population is driving the turnover to sole owners who require financing to fund practice acquisitions or expansions. Over the last decade, Fifth Third’s healthcare team has expanded its presence and expertise to become one of the top healthcare banking platforms for middle-market and corporate clients.

“Our relationship with Fifth Third has enabled us to accelerate our mission of financially empowering healthcare providers.”

– Dan Titcomb, Co-Founder & CEO

The Solution

In 2018, Fifth Third was an early investor in Provide, and the bank began funding loans through the company’s platform in 2020. In 2021, Fifth Third Bank completed an acquisition of Provide. Building on Fifth Third’s strong legacy of digital innovation and focus on the healthcare sector, this acquisition adds world-class national digital capabilities addressing the most complex lending and banking needs of private healthcare practice owners. Provide will maintain its brand identity and operate as an independent business line as it continues to scale and expand product offerings for healthcare practices owners.

About Trust & Will

Estate planning made easy with Trust & Will.

Trust & Will is the leading online estate planning and settlement platform that has helped hundreds of thousands of members nationwide prepare their estate plans. With over 2,500 5-star reviews, Trust & Will helps financial institutions bring a modern solution to members to help secure the futures of their loved ones. Benefits include top-rated member support, SOC 2 Type II compliance (the highest level of security), and attorney-built documents valid in all 50 states for an affordable price.

The Challenge

An estate plan isn’t just for the wealthy. It’s for anyone who has belongings they want to pass down, people to look out for, or final arrangement wishes they want carried out. The high cost of estate planning has left many individuals and families without the necessary protections in place for the present and the future. More than half of people who don’t have an estate plan say it is because they don't have time, according to a recent survey of customers by Fifth Third Bank. Fifth Third determined that many of its customers lacked basic estate planning documents and that they would be "extremely" or "very" interested in an online offering.

"We have been fortunate to know and work with the Fifth Third Family for several years now. Bringing this relationship to life was an all-team effort and has resulted in millions of members being informed and educated on the importance of estate planning."

– Cody Barbo, Founder & CEO

The Solution

Fifth Third’s strategic partnership with Trust & Will addresses the need that professional estate planning should be easy, affordable and accessible for all. Fifth Third customers can save 25% with Trust & Will, which offers a range of plans, starting at just $159 (before applying your 25% discount).

About AvidXchange^™

Fifth Third Expert AP automates and simplifies payables processing powered by AvidXchange.

AvidXchange is a leading provider of accounts payable ("AP") automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,000 businesses and it has made payments to more than 825,000 supplier customers of its buyers over the past five years.

The Challenge

The company’s treasury teams are responsible for accounts payable (AP) processes that require highly manual work and often rely on paper checks. Treasury teams face numerous challenges in making sure that invoices are processed efficiently, payments are made on time, and fraud is mitigated. These tasks burden AP managers with a backlog of manual processes and keep employees from doing more strategic work. Manual payment processes may also strain supplier relationships and make operations more difficult to audit. Ultimately, AP teams require greater automation with reduced payment processing costs that allow them to better manage risks.

"Fifth Third Bank is a leader in banking technology, and we are thrilled to be among the companies that they have selected to bolster their edge in the technology space, as well as help us bring automated bill payment solutions to middle market companies."

– Michael Praeger, Co-Founder & CEO

The Solution

Fifth Third Bank understands that the decision to integrate new software to manage accounts payable into your existing systems can seem like a leap of faith. That’s why we’ve searched for the right technology and partners to deliver you a robust AP system for payables management. We’re leveraging the technology of AvidXchange and the resources of Mastercard to offer an accounts payable solution that can be adopted quickly and seamlessly. Fifth Third Expert AP can have an immediate impact on your organization’s efficiency and bottom line. Fifth Third made a direct equity investment in AvidXchange in 2016 and developed a strategic relationship with AvidXchange and Mastercard to bring value to our commercial clients.