Sheel Mohnot, co-founder and general partner of Better Tomorrow Ventures (BTV) has one simple answer for anyone claiming that investing in fintech has lost some of its attractiveness.

“The world of finance is huge. About 20% of global GDP is financial services, and it’s still not digital enough,” he told TechCrunch.

Many financial transactions are still handled manually, and Better Tomorrow Ventures—led by Sheel Mohnot (a former general partner at 500 Startups) and NerdWallet co-founder Jake Gibson—aims to help change that.

“The massive digitization opportunity is still ahead of us,” Mohnot told TechCrunch. The firm’s limited partners seem to agree.

Better Tomorrow Ventures just raised $140 million third fund, nearly matching the $150 million second fund, which was announced in early

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