on a foundation of trust
on a foundation of trust
Fenway Summer is a venture investment firm headquartered in the historic Georgetown neighborhood of Washington, DC. We drive consumer-friendly innovation in financial services through a deep grounding in the fundamentals: capital markets, legal and regulatory, and credit and underwriting.
Our firm is guided by the principle that products and services designed to earn consumer trust can be simultaneously profitable and sustainable.
Fenway Summer focuses on concrete problems within consumer finance, such as unmet market needs or where current products may harm customers. We then develop strategies that generate long-term value for consumers and investors alike.
Our interests range across a broad set of U.S. consumer finance markets. To date, we have focused primarily on mortgage finance, small dollar lending, payments, and student lending.
At Fenway Summer we seek the most efficient route to effect change. We invest in existing ventures that are well-positioned to innovate, and seed and develop new businesses to meet market needs on our own.
To date, we have seeded three operating companies and, through an affiliated venture investment entity, have made investments in several promising consumer finance and payments companies.
Fenway Summer invests in the future of consumer finance. We invest in existing businesses that we believe have the potential to have a profound impact in their market and on consumers. We also seed and build new consumer financial institutions from the ground up, either on our own or in partnership with our advisory clients. To date, Fenway Summer has seeded three consumer finance companies.
In Spring 2014, Fenway Summer merged its mortgage venture with Ethos Lending to form a residential mortgage firm that will originate prime Non-Qualified Mortgages as well as agency conforming loans. Ethos Lending synthesizes several of our firm’s core principles: products should be designed to earn lasting customer trust, underwriting engines should leverage the latest insights into consumer behavior, and lenders should retain risk.
Fenway Summer seeded FS Card Inc., a credit card venture designed to move small dollar loan customers into a more affordable product. FS Card is leveraging advanced analytical techniques, sustainable product designs, and behavioral incentives that will empower millions of Americans to save billions of dollars.
Fenway Summer's affiliated venture arm invests in promising early stage consumer finance and payments companies. We are especially enthusiastic about entrepreneurs who: are focused on meeting large, concrete market needs; are building disciplined and energetic management teams; have a grounded, testable perspective on unit economics; can build meaningful competitive differentiation over time; and are focused on consumer protection and the value of our collective institutional reputations.
To date, our portfolio companies include the following.