• BriskPe

  Led · Seed · May 2024

  BRISKPE operates a cross-border payments platform designed to meet the specific needs of MSMEs (micro, small, and medium-sized enterprises). The company says it serves over 1,000 exporters and aims to make international payments easier, faster, and more affordable while preserving tracking and compliance. BRISKPE’s solution is intended to help smaller retailers and exporters cut costs, improve global competitiveness, and streamline operations. The company is headed by Sanjay Tripathy and is based in Mumbai. BRISKPE plans to use recent funding to support talent acquisition, product development, and business expansion. The firm competes in a market alongside startups such as Instarem, EximPe, Salt, Skydo, and Payglocal.

• Ayoconnect

  Participated · Series B · Oct 2022

  Ayoconnect, founded in 2016 by Chiragh Kirpalani and Jakob Rost, offers a full Open Finance API stack and embedded payments infrastructure for businesses and developers in Indonesia and Southeast Asia. Its product set includes payments infrastructure, White‑Label Virtual Cards (launched with Mastercard in January 2023) and an Instant Transfer API. The company added more than 50 clients in 2023 and reported business growth of about 50% year‑over‑year. Ayoconnect said it implemented cost efficiencies in 2023, including a reduction of roughly 10% of staff in August as part of a push toward profitability. CEO Chiragh Kirpalani expressed optimism about a recovering digital economy in 2024 and continued expansion of financial‑services adoption. The company serves clients such as Bluebird, Bank Syariah Indonesia, Kredivo, JULO, KiriminAja, Bank DKI, Koperasi Syariah BMI, and MNC Group. Ayoconnect provides open banking and payment-services APIs that let businesses launch financial products faster without building their own infrastructure. The platform serves roughly 200 API customers and offers more than 4,000 embedded finance products across payments, data and banking. Ayoconnect is licensed by Bank Indonesia (Payment Service Provider Category 1) and is the only open finance player in Indonesia with central bank licensing, which enables it to offer additional services. The company has launched automated recurring direct debit integrations with seven major Indonesian banks and has partnerships with incumbents such as PT Kereta Api Indonesia and Bank Syariah Indonesia. Founded in 2016, the team is about 250 people and is focused on expanding financial inclusion for Indonesian consumers and SMEs. Future plans described by the company include leadership hiring and product and technology investment, including new APIs for account opening and card issuing. Ayoconnect is an Indonesian open finance platform offering an open API to enable embedded finance. The company reports more than 200 API customers and 4,000 embedded finance products. It plans to launch a direct debit service in Indonesia in the first half of 2022 to automate recurring bank-account payments and is developing cards-as-a-service for clients. Ayoconnect said it will use new funds to continue launching products and increase capacity to absorb accelerating demand. The company is preparing to begin regional expansion. CEO and co-founder Jakob Rost described the ambition as building "the AWS of open finance" and highlighted the backing of renowned investors. Ayoconnect, formerly known as Ayopop, operates a platform that lets bill issuers expand payment points and collect payments faster and cheaper. Bill categories on the platform include phone credits, electricity payments, game vouchers, and recently added recurring property and tuition payments. The company currently has 600 bill providers and 40 channel partners on board. Ayoconnect plans to invest the new capital into backend infrastructure and network expansion, and to increase staff at its Indonesian headquarters and its technology-focused office in India. CEO and co-founder Jakob Rost said the company aims to shape Indonesia’s billing ecosystem into a centralized network through partnerships with existing and new investors. To date, Ayoconnect has raised over USD 10 million; its last Series A occurred in 2017 (amount undisclosed).

• DotPe

  Participated · Series B · Sep 2022

  DotPe enables online business solutions for retailers, offering ordering, online payments, delivery and an ecosystem of omni-channel commerce and marketing software. The company provides sellers with integrated tools to run, manage, and grow businesses and also offers banking services. DotPe says it serves over 7.5 million brands, including customers such as McDonald's, 24‑Seven and Taco Bell, and claims its merchant base has grown over 3X since launch. Founded in 2020 by PayU co-founder Shailaz Nag with Gyanesh Sharma and Anurag Gupta, the startup has expanded its product footprint and undertaken M&A, acquiring PoS startup Rista in an all-cash deal last year. The company plans to foray into financial services to provide business loans and credit lines for merchant partners. Financially, DotPe has completed a $58M Series B and previously raised $27.5M in Series A and roughly $8M in seed funding. DotPe helps brick-and-mortar stores sell to customers online and collect digital payments, offering inventory scanning and quick catalog creation that can be shared on WhatsApp and surfaced in Google Search. Its platform requires no app installation for merchants, supports in-store payment collection, and includes tools for loyalty points and discounts to boost engagement. Co-founded by Shailaz Nag, the company has amassed over 5 million merchants in the last six months, with merchants reporting over 38% of daily orders from repeat customers. The startup is roughly one year old and is now valued at about $90 million. DotPe plans to deploy fresh capital to reach more merchants across India and to scale its technology stack to meet growing demand. It leverages WhatsApp — India’s most popular smartphone app with more than 450 million users — to help merchants reach customers.

• Fabrik

  Led · Series C · Apr 2022

  Vayana Network is a trade‑finance startup that builds infrastructure and products to help MSMEs access and manage working capital and trade finance. The company says it has enabled over $10 billion of financing to more than 150,000 MSMEs across 1,000 supply chains in 25 sectors, with a network spanning 600 Indian cities and extending to 20 countries. Vayana participates in public trade infrastructure including GST, e‑Invoice and e‑Way Bill and holds IFSCA licenses to support exporters and importers. The firm plans to launch Vayana ITFS (International Trade Finance Services) at GIFT City, Gujarat to provide exporters and importers access to international trade finance facilities. Leadership says it is focused on embedding credit across supply chains and building tools to help small businesses become credit‑ready. Vayana closed its Series C at $52 million after a $15 million extension led by IFC and PayU and intends to use the proceeds to build MSME products and scale its platform.

• Vayana Network

  Participated · Series C · Apr 2022

  Vayana is a trade credit infrastructure platform based in Pune, India, that provides supply-chain finance and trade enablement solutions across all tiers of supply chains. It connects corporates and their trade ecosystems to provide digital, convenient, and affordable access to credit for payables and receivables. The company has facilitated the financing of over USD 30 billion for more than 300,000 enterprises across 3,000+ supply chains. Vayana’s network spans 600 cities and 2,000+ pin codes in India. The company plans to use the new funding to accelerate its commitment to providing affordable financing throughout the supply chain and to introduce new products to enhance its trade credit, compliance, and risk management platforms. Vayana is led by CEO Ram Iyer. Vayana Network is a B2B trade finance intermediary that connects SMEs and corporates with financial institutions to provide low‑cost access to trade loans. Founded in 2017 and based in Pune, the company says it has facilitated $10 billion in loans to date and processed over two million transactions. Vayana reports it is set to do more than $10 billion of trade financing in India alone in the current financial year. The startup plans to use fresh capital to build more products to help SMEs and MSMEs manage working capital and become credit‑ready. It also plans to launch Vayana ITFS (International Trade Finance Services) at GIFT City in FY23 to enable exporters and importers to access international trade finance facilities at competitive rates. The company cites a World Bank finding of a $380 billion MSME credit gap in India as a market opportunity. Vayana Network is a technology-based third-party B2B trade financing platform that facilitates trade finance across large, medium corporates and SMEs. The company says it has processed over Rs 4,000 crore in financing via nine lending partners in India. It was selected by GSTN as one of 34 GST Suvidha Providers (GSP). Vayana recently split from its parent company, Vayana Pvt Ltd (VPL). The business plans to use new equity funding to further strengthen its B2B trade financing network in India and expand abroad. Jungle Ventures has highlighted the company’s transaction data and GSP positioning as advantages for partnering with banks and financial institutions.

No current team members are available.