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Oliver Richards
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Oliver Richards

Partner

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At a glance

Full Name
Oliver Richards
Title
General Partner
Firm
MMC
Firm Type
Venture capital
Investment Stage
Seed and Series A
Check Size
Up to £10m first cheque
Target Company Profile
Early-stage European technology startups, especially research-led businesses at Seed and Series A
Sector Focus
Fintech, insurtech, digital assets, capital markets infrastructure, financial wellbeing and advice; MMC also focuses on enterprise AI, data-driven health, data infrastructure and cloud
Geographic Focus
Europe, with the largest portfolio concentration in London and across the UK
Location
London, United Kingdom

Background

Oliver Richards, also known as Ollie, is a General Partner at MMC, where he specialises in fintech and insurtech investments. MMC’s profile says he has led deals including Copper, YuLife and TreasurySpring, and that he is a member of MMC’s Investment Committee and co-leads the investment team.

Before joining MMC in 2018, Richards worked in operating roles at Monitise, where MMC says he was part of the core team that grew the company from fewer than 100 people to more than 1,400 in three years. He ran separate P&Ls as business units within the parent company and completed six acquisitions before Monitise was sold to Fiserv.

Earlier in his career, Richards was a venture partner at Blue Bear Capital, working on technology investments in the U.S., and began his career at Deloitte. He received an MBA with distinction through a joint degree programme at Columbia Business School and London Business School.

Investment Thesis & Focus

  • Richards focuses on fintech and insurtech, with particular interest in what MMC describes as “the future of finance,” including the insurance value chain, capital markets infrastructure, financial wellbeing and advice, digital assets, and new technologies.
  • MMC is an early-stage European technology investor. The firm says it partners with founders from Seed and Series A, has the ability to invest up to £10m as a first cheque, and is most experienced in leading Series A rounds while investing selectively at Seed.
  • His digital-assets work is thesis-led around institutional adoption: ABEX, Haruko and Copper all sit in infrastructure for institutional crypto or digital-asset markets.
  • In investment notes on Haruko and ABEX, MMC emphasizes world-class founding teams, institutional-grade infrastructure, regulatory direction, measurable ROI, and products that plug into existing financial workflows.
  • MMC describes itself as a research-led investor focused on enterprise AI, fintech, data-driven health, data infrastructure and cloud.

Notable Investments

  • Copper — Digital asset technology company for institutional investors, offering custody, prime services, trading and settlement infrastructure; MMC lists Richards as the investor and 2020 as the investment year.
  • YuLife — Group life insurance and workplace wellbeing platform; MMC lists Richards as the investor and 2019 as the investment year. YuLife raised a $70m Series B in 2021 and a $120m Series C in 2022.
  • TreasurySpring — Institutional cash investment platform using Fixed-Term Funds to help companies diversify cash and reduce bank exposure; MMC lists Richards as the investor and 2019 as the investment year. TreasurySpring announced a $29m Series B in 2023.
  • Crezco — B2B payment infrastructure provider using account-to-account/open-banking payments for SMEs; MMC lists Richards as the investor and 2023 as the investment year. MMC led a $12m Series A in 2023.
  • Haruko — Digital asset management platform for institutional investors; MMC lists Richards among the investors and 2024 as the investment year.
  • ABEX — Algorithmic trading infrastructure for digital assets, built for hedge funds, asset managers and brokers; MMC lists Richards as the investor and 2025 as the investment year.
  • Snowplow — Behavioral data platform that helps companies collect and own customer data in real time; MMC lists Richards as the investor and 2019 as the investment year.
  • Qumata — Insurtech underwriting platform for life and health insurers, formerly HealthyHealth; MMC lists Richards as the investor and 2021 as the investment year.

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