# M&F Fund

> M&F Fund is a VC fund backing Credit, Banking and FinTech. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 3
- Last investment: Jan 2022
- Lead investor: 33%
- Last updated: Aug 2026

M&F Fund is an investment firm that offers financial services.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Credit | 1 | 33% |
| Banking | 1 | 33% |
| FinTech | 1 | 33% |
| Payments | 1 | 33% |
| Software | 1 | 33% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 1 | 33% |
| Convertible Note | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Italy | 1 | 33% |
| United Kingdom | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| D-Orbit | D-Orbit is an Italian New Space company providing solutions for satellite design, development, launch, commissioning and decommissioning. Founded in 2011, D-Orbit currently employs approximately 35 people. The firm is based in Milan, Italy with subsidiaries in Washington, DC, and Lisbon, Portugal. D-Orbit's business model revolves aroundproducts and services that are profitable, create value for the customer, and have a proven social benefit and a positive impact on the environment. To do so, we look for ways to streamline every phase of a satellite mission with components and services that simplify spacecraft design, increase reliability, improve the use of mission resources, reduce operational costs, and extend the revenue-generating phase of a space mission. |  | Convertible Note | Jan 27, 2022 |  |
| Zilch | Zilch is a direct-to-consumer ad-subsidised payments network. Zilch is a payment service that allows users to buy now and pay over 6 weeks with 0% APR and no fees. Users can also earn rewards for paying in full. Zilch distinguishes itself from the established fintech industry by generating profitable global revenue, delivering unparalleled value toboth customers and marketers. | $80.3M | Series B | Apr 19, 2021 |  |
| Zilch | Zilch is a direct-to-consumer ad-subsidised payments network. Zilch is a payment service that allows users to buy now and pay over 6 weeks with 0% APR and no fees. Users can also earn rewards for paying in full. Zilch distinguishes itself from the established fintech industry by generating profitable global revenue, delivering unparalleled value toboth customers and marketers. | $30M | Series B | Dec 16, 2020 |  |

3 of 3 investments shown.

## Co-investors
- [Primo Capital](https://shizune.co/investors/profile/barcamper-ventures) — VC Fund, 3 deals together
- [Gauss Ventures](https://shizune.co/investors/profile/gauss-ventures) — VC Fund, 2 deals together
- Umbra Capital Partners — VC Fund, 1 deal together
- [United Ventures](https://shizune.co/investors/profile/united-ventures) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does M&F Fund invest in?

M&F Fund invests primarily in Credit, Banking and FinTech startups, most often at Series B and Convertible Note stage. Most of the 3 investments tracked by Shizune back companies in Italy. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did M&F Fund last invest?

The most recent investment recorded for M&F Fund closed in Jan 2022. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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