Mansi Parikh has left her director of global business and corporate development position at Verifone after nearly five years to manage strategic venture investments for Wells Fargo.

US-based financial services firm Wells Fargo has hired Mansi Parikh to oversee strategic venture investments on its behalf.

Parikh came from electronic payments processor Verifone in 2014, initially as an associate, before ascending to director of global business and corporate development two and a half years later. Verifone acquired payment services providers DoubleBeam, InterCard and AJB during that time.

Prior to joining Verifone, Parikh had worked for Wells Fargo Securities, the capital markets and investment banking services arm of Wells Fargo, where she had been an investment banking analyst for more than three years since 2011 as part of its technology, media and telecommunications group.

Wells Fargo conducts corporate venturing through its internal investment arm, Wells Fargo Strategic Capital, whose portfolio includes Limelight Health, EarlySense, Axoni and Sitetracker. It is also the sole sponsor of venture capital firm Norwest Venture Partners.

In addition to its VC activities, the bank has a cleantech-focused joint initiative with the US Department of Energy called Wells Fargo Innovation Incubator which has mentored and provided up to $250,000 of seed funding to each of 25 startups since its launch in 2014.

Photo of Mansi Parikh courtesy of LinkedIn.

Edison Fu

Edison Fu is head of Asia development at Global Corporate Venturing.