AFG Partners
Hong Kong, Hong Kong Island
Overview
AFG Partners is a FinTech Venture Capital Fund with the mission to be the growth partner for the next generation of global and regional FinTechs that will transform Asian Financial Services. AFG invests in Seed+ to Series B Enterprise / B2B FinTechs that partner with both incumbent financial institutions to counter the wave of disruption as well as new emerging players in big tech / e-commerce that want to secure their place in a world where tech and finance are merging. We invest in Fintechs built by entrepreneurs with specific domain expertise, strong industry networks, solving difficult problems and who are reliable partners and addressing the critical needs of Financial Institutions and challengers. Managed and advised by leaders and specialists in Asian Financial Services and backed by curated industry professionals invested in the Fund. AFG Partners has a unique network of Asian Financial Services expertise, with extensive industry connections that we leverage to accelerate the growth of Asian FinTechs across the region and the expansion of global FinTechs into Asia.
- Total investments
- 14
- Lead investments
- 0
- Investments · 12mo
- 4
- Active investors
- 2
Sector focus
- B2B
- Financial Services
- FinTech
- Insurance
- InsurTech
- Software
Investment portfolio
- Baz
Participated · Seed · Jun 2026
Baz develops agentic coding products, including AI Code Review and the newly announced Baz Planner, which intercepts planning-stage changes to detect, root-cause, patch and validate vulnerabilities and bugs before code is authored. Its flagship AI Code Review provides purpose-built agents—Spec Reviewer, Advanced Security Agent, SRE Agent and Fixer Agent—that validate requirements, reason across auth/network boundaries, correlate changes with production telemetry, and automatically apply tested fixes. Baz reports more than 100 leading AI, infrastructure and cybersecurity customers since launching last year and says its AI Code Review is ranked #1 on the precision-weighted Code Review Bench. Customers have reported up to a 65% reduction in downstream rework measured by revert and hotfix PR frequency after adopting Baz Planner. The company’s founding team previously scaled Palo Alto Networks’ Cloud AppSec business and is positioning Baz as a governance and security layer for AI-generated code.
- Fifth Dimension
Participated · Series A · May 2026
Fifth Dimension unifies fragmented institutional and market data into a single intelligence layer and applies agentic AI to deliver analysis, surface risk, and prepare decisions for real-assets investors and managers. The platform integrates with existing systems (including Yardi, Dealpath and SharePoint) without requiring data migration and deploys in two weeks, consolidating structured and unstructured documents into an auditable view. The company reports client outcomes such as 5x more capital deployed with the same team, a 5% increase in net operating income, underwriting complex deals in days rather than weeks, and reducing month-end close from 10 days to 3. Fifth Dimension says it runs trillions in assets on its platform and serves global investment managers, asset managers, lenders and family offices, with customers including BXP, Realty Income, Peachtree Group and Madison International Realty. The firm is certified ISO 27001 and SOC 2 Type II and keeps each client’s data within their environment with detailed audit trails. Founded in 2023 by Dr Kate Jarvis and Johnny Morris, the company is expanding its presence in the US and Asia Pacific while continuing product and team growth.
- Adclear
Participated · Seed · Nov 2025
Founded by Doni Hoti, Joe Jordan, and Cameron Ward and launched in 2024, Adclear offers an AI platform that checks social images, videos, emails, ads, websites, and product screens against relevant financial regulations while maintaining an audit trail. The software returns rapid, detailed guidance to bring materials into compliance and reportedly cuts review times by 88 percent, freeing marketing and legal teams from repetitive tasks. Current customers include Lloyds Banking Group, PensionBee, Plum, Yonder, InvestEngine, ActivTrades, and Trade Nation. After gaining traction in the UK with FCA and ASA rules, the company has expanded coverage to EU and US regulations and plans to add APAC and MENA markets in the coming months. Adclear is also building tools for the full financial promotions approval lifecycle, including post-publication monitoring of affiliates and influencers. The new capital will be used to hire additional staff, broaden international presence, and launch new products and services.
- Reflectiz
Participated · Series B · Oct 2025
Reflectiz delivers a web exposure management platform that gives organizations continuous, client-side visibility into all website activity, quickly detecting and prioritizing threats without impacting performance. The agentless, AI-driven system protects data, users, and brand reputation for global and Fortune 500 enterprises across financial services, e-commerce, hospitality, and healthcare. Launched in 2019, the platform is already deployed worldwide and operates out of Boston, with additional offices in Tel Aviv and Sydney. With its newly raised capital, the company plans to broaden its offering into full Continuous Threat Exposure Management (CTEM) for websites. Management also intends to bolster its partner and alliances network, speed go-to-market efforts, and finalize the establishment of its global headquarters in Boston. Reflectiz positions itself as a next-generation alternative to traditional website security tools and is actively scaling its customer and partner base. The recent financing brings total Series B proceeds to $22 million, providing substantial runway for product and market expansion.
- Grey Market Labs
Participated · Series A · Nov 2024
Grey Market Labs (dba Replica Cyber) offers Replica, a patented Secure Environments‑as‑a‑Service platform that automates creation of realistic hybrid IT environments—hardware, OS, applications, networks and data layers—using patented technology, intelligence tradecraft and Zero Trust architecture. Replica is available as both a SaaS product and a hosted service, integrates with enterprise services (SSO, proxies, data governance), provides rich audit and reporting, and supports rapid deployments and continuous updates. The platform is used by Fortune 100 financial, business and healthcare institutions and federal agencies including the US Army and the Defense Innovation Unit for use cases such as protected research, malware sandboxing, secure DevOps, fraud and cyber investigations, M&A isolation and training environments. Grey Market Labs is a Certified B‑Corp with a stated mission to protect life online and claims Replica reduces IT burden by 99.73%. The company says the new funding will be used to accelerate adoption, expand offerings and further advance the Replica platform. The company is headquartered in Falls Church, Virginia.