Led · Debt Financing · Jan 2022

ErudiFi offers tech-enabled school financing and tuition payment plans to help students access further education. It partners with universities and vocational institutions to originate and manage education loans, operating as Danacita in Indonesia and Bukas in the Philippines. The company says it has served over 12,000 students and worked with more than 100 educational institutions as of December 2021. ErudiFi plans to expand access to education in Southeast Asia by scaling its financing products and partnerships. Financially, the company secured a US $15 million lending facility to fund student loans and previously raised a $5 million Series A in February 2021. ErudiFi was founded in 2018. ErudiFi offers technology-enabled, data-driven installment financing to students by partnering with accredited universities and vocational schools, with interest rates and repayment terms set by each institution (rates can be as low as 0% and loans payable over 12–24 months). The company currently works with more than 50 universities and vocational schools across Indonesia and the Philippines and aims to increase student recruitment and retention by making tertiary education more affordable. ErudiFi says its product scales through technology while keeping costs low, addressing limited formal financing options that often push students toward friends, family, or high-interest informal lenders. The startup is headquartered in Singapore and operates in Indonesia and the Philippines. ErudiFi raised capital to invest in its product and engineering teams and to expand further in Indonesia and the Philippines. CEO Naga Tan leads the company as it pursues growth in these markets.

Participated · Equity · Jan 2022

Goldfinch operates a decentralized lending protocol that builds pooled capital and enables fintech partners in developing nations to borrow crypto while showing non-crypto collateral. Its product architecture splits pools into junior and senior tranches, letting lenders choose risk levels and giving senior lenders automatic diversification. The protocol supports direct bets by junior backers on specific organizations while senior pool participants take a more conservative, diversified exposure. Goldfinch is deliberately avoiding the U.S. market and is focused on deploying capital through networks in countries such as Kenya, Nigeria, Uganda and the Philippines. The company reports $39 million in active loans that have reached more than 230,000 end borrowers, deployed to a handful of fintech firms. Founders Mike Sall and Blake West built the company to bridge capital to borrowers in the real world via decentralized finance. Goldfinch is a San Francisco–based decentralized credit protocol that enables uncollateralized crypto borrowing for individuals and businesses that lack traditional collateral. The protocol aims to build a community and network of lenders and borrowers, offering open-source tools and a newly released white paper. Since launching in December, Goldfinch’s protocol has enabled about $2.5 million in loans across seven countries, including India, Indonesia, Mexico, Nigeria and Vietnam. The company plans to use new capital to widen awareness, ramp up hiring, and scale its underwriting and sourcing capabilities. Founders Mike Sall and CTO Blake West — who met at the University of Pennsylvania and previously worked at Coinbase — are focused on growing product, engineering and financial-services teams and fostering a strong community of lenders drawn from crypto and traditional finance.

Led · Debt Financing · Oct 2021

Funding Societies operates a digital platform that uses alternative data to provide faster-turnaround, lower-cost financing to underserved SMEs in Malaysia. The company has disbursed close to MYR 7 billion in financing to more than 10,000 Malaysian businesses. Its platform enables scaled delivery of working capital and other credit products by digitizing credit assessment and execution. Funding Societies has an existing partnership with MDV that began in 2022 and has now been extended via a multi-year facility announced in this deal. The company and MDV say the partnership aims to widen financing access for technology-based and growth-oriented SMEs and to support broader economic impacts such as job creation. Funding Societies will continue exploring further collaborations with MDV to support SME financing needs.

Led · Series C · Sep 2019

Feien Microelectronics specializes in automotive MEMS pressure sensors and offers MEMS sensors and systems, test equipment, and ODM/OEM services. Founded in 2011 and based in Wuhan, the company employs nearly 200 staff with an R&D team of 40+ (over 40% holding master’s or doctoral degrees). Its customer base includes domestic and joint-venture automakers such as Geely, BYD and Jiangling Ford, and it has achieved large-scale production in passenger, commercial and motorcycle segments. Management projects 2019 revenue of RMB 120–130 million and plans shipment growth from 4 million units in 2019 to 8 million in 2020 and over 10 million in 2021. The company highlights proprietary packaging, batch calibration/testing algorithms and a single-piece-flow fully automated production line to compete on performance and cost. Feien is also exploring industrial and consumer electronics opportunities (IoT water and gas meters) alongside its automotive focus.

Participated · Series B · Jun 2014

Taodangpu is a Chinese online pawn-shop marketplace that focuses on the resale of pawnshops' dis‑pawned items. It operates the online store Taodangpu.com and the peer-to-peer lending site 51dang.com. The company was founded by Lun Li. According to reports, Taodangpu raised US$30m in a Series B round and intends to use the funds to expand operations. The platform combines marketplace sales with lending-related services through its two websites. No operating metrics or revenues were disclosed in the article.