The fund, which is run by students, for students, invests exclusively in startups founded by local students and graduates and currently manages EUR 1 million. They made their very first investment last week in fintech startup Dyme.
ASIF’s former board member, Gijs Schot, described the investment as a culmination of “a year of preparation and months of research,” and believes they have found a uniquely innovative startup with enormous potential.
Dyme is an application that uses machine learning to garner direct insights over users’ fixed costs. By linking a bank account to Dyme, users can overview their fixed costs, which are automatically recognised and categorised by smart technology, and save on subscriptions and other unwanted recurring costs. The application aims to uncover hidden expenses and reclaim control of users’ finances.