Participated · Series A · Sep 2022

Edupia operates an online learning platform that began as an English self-learning product and now offers live classes and private tutoring alongside its core self-study content. The company serves 5 million total users with 400,000 paying students and reported it is on track to exceed a $100 million revenue target within three years. Edupia launched live classes in March 2021 and runs both self-learning and live-class/tutoring models concurrently, using self-study as the initial user touchpoint before upsells. It reaches all 64 provinces in Vietnam via a national sales team and a network of thousands of micro‑KOLs, and organizes students into 60‑student learning groups while each teacher can manage up to 2,000 students nationwide. The startup is expanding subject offerings beyond English to include math and coding and is moving into Southeast Asian markets such as Indonesia, Thailand and Myanmar. Management plans for the new capital include upgrading the tutoring platform, hiring C‑level and senior managers, and accelerating international expansion.

Led · Seed · Apr 2022

BintanGo offers tools and services for digital content creators, including productivity and monetization features and financial assistance to creators. The company says it has onboarded more than 75,000 creators since launching in September 2021. Over the past 12 months those creators received more than US $2.3 million in platform payments. With its latest funding, BintanGo intends to expand its services to live commerce platforms such as TikTok, Instagram, Shopee, and YouTube. The company highlights a local live-commerce ecosystem, noting Central Jakarta hosts 15 live commerce studios. Its product roadmap centers on enabling creators and studios to conduct live commerce and capture monetization opportunities on major social and e-commerce platforms. BintanGO offers creators a suite of monetization tools including CreatorSpace for managing brand collaborations, a marketplace for verified creators, and a video shout-out app similar to Cameo. The platform also provides invoicing, business-management tools and invoice-financing/early-payment solutions to address long payment cycles. CEO Jason Lee co-founded the company with Oktorika Mandasari and says BintanGO aims to help creators consolidate income streams and access financing normally unavailable to informal workers. The company monetizes via platform fees ranging from 1% to 5% depending on the service. BintanGO reported onboarding about 10,000 creators in the past month, with creators earning almost $150,000 over the previous three months. Its stated goal is to solve invoicing, payment timing and financing challenges for Indonesian creators.

Participated · Series B · Dec 2021

Fuse connects insurance companies with multiple distribution channels and partners to make insurance services accessible and affordable through its technology. The company offers an agent-focused B2A service through the Fuse Pro mobile app, and also provides B2C and B2B2C microinsurance products distributed via partnerships with e-commerce channels like Tokopedia. Launched in 2017, Fuse says it has more than 60,000 marketers/agent partners using Fuse Pro, works with over 40 insurance companies offering 300+ products, and employs more than 460 people with branch offices in Indonesia, Vietnam and China. The company exceeded $70 million in gross written premium in the first three quarters of 2021 and claims the largest GWP in Indonesia and Southeast Asia. Fuse plans to expand further across Southeast Asia, targeting additional countries including Thailand and Vietnam. Management cites the region's growing digitally savvy middle class and increased internet connectivity as key growth tailwinds for digital insurance adoption.

Participated · Equity · Aug 2020

Challengermode operates a competitive gaming platform that aims to enable anyone to participate in esports regardless of ability or experience, serving players, brands, content creators, game developers and professional tournament organisers. The platform emphasizes inclusivity and community, going beyond simple tournament hosting to offer monetisation and engagement tools. Founded in 2014 and based in Stockholm, the company has secured partnerships with FIFA, DreamHack and the Fnatic esports team. Challengermode raised $12 million from Alibaba's eWTP Innovation Fund alongside Telia Ventures, GP Bullhound, Back in Black Capital and Zlatan Ibrahimovic. The financing will fund global expansion—particularly in North America—accelerated monetisation, product development and efforts to give game developers access to its technology. CEO Robel Efrem said the additional backing will allow the company to double down on delivering competitive gaming experiences into players' homes across games and skill levels.

Led · Series B · Oct 2019

XTransfer provides SMEs with cross-border financial services—including free, swift opening of collection accounts, currency exchange, and FX settlement—designed to meet banks' AML and compliance requirements. The company aims to offer services on par with those available to multinational corporations, targeting smaller B2B-focused exporters. It has expanded internationally with offices in Hong Kong, the United Kingdom, Canada, the United States, Japan, Australia, and Singapore. XTransfer plans to use new capital to upgrade products and services, continue investing in big data and artificial intelligence, and boost its AML risk management. Management also intends to attract more talent and expand into additional overseas markets. No operating metrics (revenue/users) were disclosed in the articles. XTransfer operates a global financial network providing cross-border and local collection, payments, foreign exchange, lending and treasury management solutions for Chinese SMEs engaged in foreign trade. Founded in May 2017 by CEO Bill Deng, the company has established branches and relevant licenses in Hong Kong, the UK, Canada, the United States, Japan and Australia. XTransfer completed a $15M Series B-1 financing led by the eWTP Fund with participation from China Merchants Venture Capital, 01VC, Yunqi Partners and Gaorong Capital. The company intends to use the proceeds to expand its global financial network, pursue licensing in multiple countries, upgrade its team and technology, and increase marketing. The product set is focused on enabling cross-border commercial flows and treasury management for China-based exporters and importers. XTransfer is a cross-border financial technology company that provides offshore financing solutions and services including global collection, payments, foreign exchange and wealth management for China’s small and medium importers and exporters. Founded in May 2017 and headquartered in Shanghai, it has offices in Hong Kong, the U.K., Canada, Japan and the U.S. The company offers virtual sub-accounts launched with DBS Hong Kong and a product called "XForward" to help buyers lock exchange rates and quote prices in local currencies. XTransfer serves more than 10,000 customers and recently obtained a payment license in the U.K. It is building an open platform for international trade financial data to enable grassroots financial infrastructure such as microfinance for financial institutions and plans to expand its services to markets including the Philippines, South Korea and Taiwan. Management comprises five founders from Ant Financial and Alibaba, and the company uses technology for risk control and anti-money-laundering verification.