Participated · Series A · Jan 2023

Locad operates a cloud-based “logistics engine” that syncs inventory across sales channels (including Shopify, Lazada, Shopee and TikTok Shops) and manages storage, packing, shipping and tracking through a network of third-party warehouses and carriers. Founded in Singapore and Manila by Constantin Robertz, Jannis Dargel and Shrey Jain, the company serves roughly 200 brands across Singapore, the Philippines, Thailand, Hong Kong and Australia. Customers typically ship about 25 to 5,000 orders a day; Locad handled more than two million orders last year and reports a 99% same-day order fulfillment rate. Many brands use Locad to replace in-house logistics and consolidate fulfillment across multiple sales channels. The startup plans to add more warehouses and transport operators to its network and to hire across Southeast Asia and Australia. Over the next five years Locad aims to build the region’s largest network of warehouses and expand coverage into Tier 1 to Tier 3 cities to enable same-day delivery widely. Locad offers a cloud software "control tower" that gives sellers real-time visibility into inventory and orders across a partner-managed fulfillment network. The company keeps an asset-light model by partnering with warehouse operators and facility managers while operating seven fulfillment centers. Its platform integrates with sales channels and couriers (Shopify, WooCommerce, Amazon, Shopee, Lazada, Zalora) and is used by more than 30 brands, having processed almost 600,000 items. Clients include Mango, Vans, Payless Shoes, Toshiba and Landmark. Locad was founded in October 2020 and has offices in Singapore, Manila, Australia, Hong Kong and India. The startup plans to use new funding to expand into more Asia-Pacific markets (focusing on Southeast Asia and Australia), add integrations to more couriers and channels, and build additional data-analytics features.

Participated · Series B · Feb 2021

Tyme Group builds and scales hybrid digital banks that combine online banking with physical service touchpoints in emerging markets. The Singapore-based, South African‑born fintech was founded in 2019 and now serves 15 million customers. Its South African brand TymeBank has been a key growth driver, and GoTyme launched in the Philippines in 2022 in partnership with the Gokongwei Group. The company plans to expand into Vietnam next year. Tyme remains majority-owned by Patrice Motsepe’s African Rainbow Capital, which retains a 40% stake. After the latest round, the company reached unicorn status with a $1.5 billion valuation. Tyme designs, builds, and commercializes digital banks for the mass market in emerging markets, combining digital services with physical retail integration. TymeBank, part of the Tyme Group, was the first bank in South Africa operated fully off a cloud-based infrastructure and enables regulated account openings in under five minutes via online or kiosk. The group has partnerships with retailers Pick n Pay, Boxer, TFG and the Zion Christian Church, and in 2022 acquired Retail Capital, which has provided over 43,000 business owners with more than R5.5 billion in working capital. GoTyme launched in the Philippines in October 2022 in partnership with the Gokongwei Group, and the company maintains offices in Hong Kong and Ho Chi Minh City. Tyme reports over 7 million customers since its February 2019 launch, with an acquisition rate of about 200,000 customers per month and a 70% 30-day account activity rate. The company plans to use the new funds to deepen operations in South Africa and the Philippines and to support further Southeast Asia expansion. Tyme Pte is a Singapore-based digital banking firm that offers digibank services. It operates in Vietnam, South Africa, and the Philippines. The company's core product is a digital bank serving customers across those markets. The article reports a fundraising development but does not provide product feature details or future plans. Tyme has raised an additional $70 million as part of its Series B funding. No revenue, user numbers, or other operating metrics were disclosed in the article. Tyme is a multinational digital banking group based in Singapore that provides modern digital banking services. It focuses on enabling greater financial inclusion for underbanked and underserved populations. TymeBank claims around 2.8 million customers roughly two years after its February 2019 launch and has been rated the number two bank in the Philippines by its clients. The company is pursuing expansion across the ASEAN region beginning with the Philippines and plans to apply for a virtual bank license from the Bangko Sentral ng Pilipinas in partnership with JG Summit Holdings. Tyme also aims to bring foreign investment into South Africa and will use new capital to grow TymeBank’s operations there. Recent investors include Apis Growth Fund II (managed by Apis Partners) and JG Summit Holdings; parts of the deal are subject to standard regulatory approvals.

Participated · Equity · Feb 2021

TymeBank provides transactional bank accounts with zero or low monthly fees and savings products, using a hybrid model that combines digital services with physical kiosks and in-store onboarding at retailers like Pick n Pay, Boxer and TFG. The bank also supports fast person-to-person transfers via its SendMoney app and enables account opening online or from kiosks in under five minutes. It expanded into business banking after acquiring Retail Capital, which has provided over R5 billion in working capital to more than 43,000 business owners. TymeBank reports hitting a 7 million customer milestone in South Africa and says its business across South Africa and the Philippines is growing at about 300,000 new customers monthly. The company claims a revenue run rate of over $100 million annually. TymeBank is part of Tyme Group, headquartered in Singapore, and launched GoTyme in the Philippines in partnership with the Gokongwei Group; it expects to close a Series C later this year. TymeBank is an ARC‑controlled digital bank focused on delivering financial services to a historic mass‑market customer base. Its core product is a digital banking platform supported by a product development and engineering hub in Ho Chi Minh City and a global headquarters in Singapore. The company employs over 200 engineers and has established functions in strategy, business development, data, analytics and AI. TymeBank holds banking businesses in South Africa and the Philippines and has secured a digital‑bank licence in the Philippines in partnership with the Gokongwei Group (GOTyme). ARC described Tyme as one of the world’s fastest‑growing digital banks and says the new capital will accelerate rollout of services, strengthen risk management and support expansion into emerging markets. The bank completed a Series B capital raise in tranches during the year to fund scaling efforts across its markets. TymeBank provides transactional bank accounts with low or zero monthly fees and a savings product, onboarding most customers via physical kiosks in Pick n Pay and Boxer stores. Since launching in February 2019 it has grown rapidly and now has about 2.8 million customers, onboarding an average of 110,000 new customers per month. The bank is on track to reach 3 million customers next month and plans to reach 4 million next year. TymeBank is the first South African bank to operate fully on a cloud-based infrastructure and was the first to receive a commercial banking license in the country since 1999. The company is part of the Tyme group, a holding company headquartered in Singapore that builds and operates digital banks for emerging markets. TymeBank plans to expand its product range and lending portfolio, with diversification into insurance and credit-card offerings and geographic expansion including a planned Philippines launch.

Participated · Equity · May 2017

Sea Limited (f.k.a. Garena Interactive Holding) is a Singapore-based consumer Internet company led by Founder, Chairman, and CEO Forrest Li. The company operates three main platforms: Garena (a digital entertainment platform providing mobile and PC online games across Greater Southeast Asia), Shopee (a mobile-centric e-commerce marketplace), and AirPay (a digital financial services platform). Sea focuses on Southeast Asian markets including Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore, which collectively had 585.5 million people and US$3.0 trillion of GDP in 2016. The company said it will invest the majority of the new capital in the growth of its e-commerce platform Shopee, with a focus on key markets such as Indonesia. In addition to the funding, Sea appointed senior advisors including former Singapore Foreign Minister George Yeo, former Indonesia Minister of Trade Mari Pangestu, and Pandu Sjahrir as Chairman (President Commissioner) of its Indonesia operations. The company’s strategy centers on expanding Shopee while maintaining its digital entertainment and payments offerings across the region.

Participated · Equity · May 2017

Sea, which rebranded from Garena, operates three core products: Garena (games), Shopee (a C2C marketplace) and AirPay (an e-wallet). The company says it will use new capital to expand Shopee in Indonesia, a major and fast-growing e-commerce market. Shopee’s annualized gross merchandise value has doubled over the past nine months to more than $3 billion. Sea is reportedly preparing for an IPO that may raise $1 billion. The company added several high-profile advisors as it pursues global expansion. Sea is Singapore-headquartered and Garena was founded in 2009; the games unit will retain the Garena name.