Led · Series C · Jul 2026

PolicyStreet operates an embedded insurance platform that integrates protection into digital platforms and everyday transactions, partnering with commerce, gig-economy, mobility, travel, logistics and telecommunications businesses. Over the past nine years it has scaled to serve more than 10 million customers and facilitated over $10 billion in sum insured, while reaching over 50,000 SMEs and serving a sizable share of gig workers. The company reports more than $1 million in profit for FY2025 and has doubled its customer base recently as it expanded regionally. PolicyStreet plans to use new capital to accelerate regional growth, deepen distribution partnerships, enhance technology capabilities and roll out new products for individuals and businesses. By 2030 the company aims to serve 1.5 million gig workers and 300,000 SMEs and MSMEs as it pushes to close protection gaps among underserved populations.

Participated · Series A · Mar 2025

TechCoop operates an agricultural supply-chain platform through its subsidiary Farmnet, which trades commodities including cassava, coconut, cashew, durian, coffee, fresh fruits, and processed agricultural products. Farmnet operates across 20 locations and serves over 641 cooperatives and agri-enterprises across 28 out of 34 provinces in Vietnam. TechCoop Investment & Technology, Farmnet’s Singapore-based parent, generated approximately $220 million in revenues in 2025 and is targeting $500 million in 2026. The company positions Farmnet as a well-capitalised trading counterparty able to move at scale and offer flexible payment terms to processors, cooperatives, and farming businesses. TechCoop plans regional expansion into Cambodia, Laos, and Thailand in 2026 to extend its agricultural supply-chain platform across Southeast Asia.

Led · Series B · Feb 2025

Naked was launched in 2018 by actuaries Alex Thomson, Sumarié Greybe, and Ernest North and is headquartered in South Africa. It operates a fully digital platform that leverages AI and automation to let customers obtain final quotes in under 90 seconds, buy cover online, submit claims, or pause accident coverage without any phone calls. The company is the only platform in South Africa selling 100% of its car, home, and single-item insurance policies online without human intervention. Its proprietary technology enhances risk selection and pricing, producing convenience and cost savings for users while supporting profitable unit economics. Naked’s "Naked Difference" business model takes a fixed percentage of premiums and donates any surplus from unclaimed funds to causes chosen by customers, removing conflicts of interest in claims handling. The company plans to deepen investment in automation and AI, expand products and markets, and increase advertising to grow its customer base while meeting regulatory capital requirements tied to rapid growth. Naked Insurance is a South African digital insurance platform that uses artificial intelligence to automate customer processes without contact-center agents. It offers coverage for cars, homes, contents and standalone items and charges a fixed percentage of customers' premiums; surpluses in lower-claim years go to communities and causes chosen by customers. The company says its technology and business model deliver cost savings that can be passed to customers through lower premiums. The pandemic has shifted how South African millennials buy insurance, increasing demand for online interactions, and Naked aims to leverage automation to reduce claims-journey costs by as much as 30%. The company plans to use new funding to improve its AI, grow its team and expand into new markets. Naked Insurance is a South African insurance startup founded in 2016 and launched in 2018 that offers car, home, renters, and single-item insurance. All of Naked's products are underwritten by Hollard and are sold and managed through the Naked app, where customers can purchase coverage and file claims. The company charges a flat fee upfront to cover running costs and profit, with the remainder used for claims; leftover premiums are paid to causes chosen by clients, a practice the company calls the “Naked Difference.” Naked employs around 39 people and operates in the same space as Pineapple and King Price. Financially, Naked raised $11 million in a round led by Naspers Foundry with participation from existing investors Yellowwoods and Hollard, bringing its total funding to $14.5 million. The company’s fee model is noted as similar to Lemonade’s. Naked Insurance is a South African insurtech providing AI-driven car insurance. Founded in October 2016 by Alex Thomson, Sumarié Greybe and Ernest North, the company launched its first product in April after about 18 months of development. Investors committed additional funding after the startup reported a strong first six months of trading and customer acquisition and retention rates that exceeded expectations. The company currently has 14 staff and plans to grow to around 20, adding data-science positions. Management intends to use the funding to expand the customer base and move into new short-term insurance product categories. Yellowwoods’ head of insurance said Naked helps deliver an improved customer experience and greater fairness for policyholders. Naked Insurance is developing a technology-driven insurance business model aimed at making obtaining insurance effortless, fair and transparent. The startup is led by actuaries Alex Thomson and Sumarié Greybe, formerly partners in EY’s insurance advisory business, who spent the past decade advising many of South Africa’s largest insurance groups. The founders say incumbents struggle to transform because of outdated business models and systems, and that the only way to do things differently was to start from scratch and build new business and technology. Naked has raised ZAR20 million (US$1.4 million) to support its plans. Hollard and private investment firm Yellowwoods participated in the round. The company plans to launch into the market early next year.

Led · Series B · Sep 2024

Founded in 2014, Fido Ghana delivers digital financial services—namely instant loans, savings products, and microinsurance—through a mobile application. The company targets individuals and MSMEs that lack traditional credit histories by leveraging its proprietary AI-driven “Fido Score,” which analyzes alternative data such as mobile phone usage patterns and transaction behavior to assess credit risk. Operating in both Ghana and Uganda, Fido aims to broaden financial inclusion across sub-Saharan Africa. Its technology-first approach enables rapid credit decisions and product delivery without the need for physical branches. Recent strategic priorities include expanding its lending portfolio, upgrading digital infrastructure, and scaling the platform to reach more users. While specific revenue or user figures were not disclosed, the company continues to secure capital to support growth initiatives.

Led · Debt Financing · May 2024

Dvara Kshetriya Gramin Financials (Dvara KGFS) is an NBFC operating in isolated rural areas of India, focused on the welfare of people and nano and microbusinesses. The company employs an omni-channel strategy to meet various financial needs by offering a wide selection of loans and third-party products. It is spread across ten states with more than 400 branches, including Tamil Nadu, Uttarakhand, Uttar Pradesh, Chhattisgarh, Jharkhand, and Bihar. Led by LVLN Murty, Dvara KGFS aims to expand and bolster efforts to empower marginalized communities nationwide using recently raised funds. Financially, the company exceeded Rs 2,000 crore in assets under management in February of this year. Recent financing activity includes debt instruments intended to support the company's expansion plans in rural markets. Dvara KGFS is a rural fintech focused on providing holistic financial services, with an emphasis on microfinance and microbusiness lending to customers with limited access to formal credit. The company plans to use newly raised funds to expand its onward lending program and accelerate growth in underserved regions. It mobilised $27 million in debt financing—$20 million as external commercial borrowings (ECBs) from Dutch development bank FMO and $7 million from Enabling Qapital, Luxembourg. Management said the funds will augment liquidity and enable expansion of reach and impact, driving financial inclusion in rural India. Dvara KGFS recently reported assets under management (AUM) crossing ₹2,000 crore and operates across 10 states with 378 branches. Its distribution includes 10,281 digital agents and more than 2.38 million customers. Dvara KGFS is a Chennai-based, systemically important non-banking finance company in the Dvara Group that focuses on rural lending. It has presence in Tamil Nadu, Uttarakhand, Karnataka, Chhattisgarh, Jharkhand, and Odisha, operating 378 branches and serving more than 1.1 million enrolled customers. The company has raised $10 million in external commercial borrowings (ECBs), split between subordinated and senior secured debt. Management said the funds will augment capital adequacy and help accelerate its growth plans in FY24. The raise is intended to expand the company’s reach and impact to drive financial inclusion in rural areas. Company leadership also noted the fundraiser diversified its lender profile and strengthened its presence in the foreign debt market. Dvara Kshetriya Gramin Financial Services (Dvara KGFS) is a Chennai-based NBFC that provides access to financial services and credit in remote rural India. The company operates in Tamil Nadu, Uttarakhand, Karnataka and Odisha across 33 districts and the article reports 221 branches and more than 844,845 enrolled customers. The article also states the company has 248 branches and plans to add 76 more branches in the current financial year. It intends to use the Series E proceeds to acquire NBFC-MFI Varam Capital, expand into newer geographies, strengthen presence in existing ones, and enhance its digital architecture. Dvara KGFS plans to introduce products including an affordable micro-housing loan and to deepen its micro-enterprise and jewel-loan portfolios. The company is also looking to raise more than INR 600 crore of debt from banks, NBFCs, NCDs and ECB sources.