Overview
Venture capital firm investing in fintech for emerging markets.
Founded
2015
Deals · 12mo
10
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
OpenReserve | Sep 2026Participated | $25 MSeed | |
Jem | Aug 2026Led | $8 MSeries A | |
Jusfy | Jul 2026Led | $15 MSeries A | |
Cordant | Jul 2026Participated | $8 MSeed | |
Twinco Capital | Jun 2026Participated | $192 MDebt | |
Franq | May 2026Led | $14 MSeries B | |
Bluprynt | Feb 2026Participated | $4 MSeed | |
BRLA Digital | Feb 2026Participated | $17 MSeries A | |
Turno | Dec 2025Participated | $6 MSeries B | |
Pave Bank | Oct 2025Participated | $39 MSeries A | |
Kanastra | Oct 2025Participated | $30 MSeries B | |
Shivalik Small Finance Bank | Aug 2025Participated | $11 MOther Equity | |
OpenReserve | Sep 2026Participated | $25 MSeed | |
Jem | Aug 2026Led | $8 MSeries A | |
Jusfy | Jul 2026Led | $15 MSeries A | |
Cordant | Jul 2026Participated | $8 MSeed | |
Twinco Capital | Jun 2026Participated | $192 MDebt | |
Franq | May 2026Led | $14 MSeries B | |
Bluprynt | Feb 2026Participated | $4 MSeed | |
BRLA Digital | Feb 2026Participated | $17 MSeries A | |
Turno | Dec 2025Participated | $6 MSeries B | |
Pave Bank | Oct 2025Participated | $39 MSeries A | |
Kanastra | Oct 2025Participated | $30 MSeries B | |
Shivalik Small Finance Bank | Aug 2025Participated | $11 MOther Equity |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 7 | 10 |
| Series A | 22 | 16 |
| Series B | 6 | 16 |
| Series C+ | 1 | 5 |
| Other Equity | 2 | 11 |
| Debt | 2 | 2 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| May '16 | 1 |
| Jun '16 | 0 |
| Jul '16 | 0 |
| Aug '16 | 0 |
| Sep '16 | 0 |
| Oct '16 | 0 |
| Nov '16 | 0 |
| Dec '16 | 0 |
| Jan '17 | 0 |
| Feb '17 | 0 |
| Mar '17 | 1 |
| Apr '17 | 0 |
| May '17 | 0 |
| Jun '17 | 0 |
| Jul '17 | 0 |
| Aug '17 | 0 |
| Sep '17 | 0 |
| Oct '17 | 0 |
| Nov '17 | 1 |
| Dec '17 | 1 |
| Jan '18 | 1 |
| Feb '18 | 0 |
| Mar '18 | 0 |
| Apr '18 | 0 |
| May '18 | 1 |
| Jun '18 | 1 |
| Jul '18 | 0 |
| Aug '18 | 0 |
| Sep '18 | 0 |
| Oct '18 | 0 |
| Nov '18 | 0 |
| Dec '18 | 0 |
| Jan '19 | 1 |
| Feb '19 | 0 |
| Mar '19 | 0 |
| Apr '19 | 1 |
| May '19 | 0 |
| Jun '19 | 2 |
| Jul '19 | 0 |
| Aug '19 | 0 |
| Sep '19 | 2 |
| Oct '19 | 1 |
| Nov '19 | 0 |
| Dec '19 | 2 |
| Jan '20 | 1 |
| Feb '20 | 1 |
| Mar '20 | 1 |
| Apr '20 | 0 |
| May '20 | 0 |
| Jun '20 | 3 |
| Jul '20 | 0 |
| Aug '20 | 0 |
| Sep '20 | 2 |
| Oct '20 | 1 |
| Nov '20 | 0 |
| Dec '20 | 3 |
| Jan '21 | 2 |
| Feb '21 | 1 |
| Mar '21 | 1 |
| Apr '21 | 0 |
| May '21 | 1 |
| Jun '21 | 0 |
| Jul '21 | 1 |
| Aug '21 | 2 |
| Sep '21 | 4 |
| Oct '21 | 0 |
| Nov '21 | 0 |
| Dec '21 | 3 |
| Jan '22 | 3 |
| Feb '22 | 2 |
| Mar '22 | 4 |
| Apr '22 | 0 |
| May '22 | 0 |
| Jun '22 | 4 |
| Jul '22 | 0 |
| Aug '22 | 1 |
| Sep '22 | 0 |
| Oct '22 | 2 |
| Nov '22 | 1 |
| Dec '22 | 0 |
| Jan '23 | 1 |
| Feb '23 | 3 |
| Mar '23 | 1 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 2 |
| Jul '23 | 1 |
| Aug '23 | 0 |
| Sep '23 | 1 |
| Oct '23 | 1 |
| Nov '23 | 1 |
| Dec '23 | 2 |
| Jan '24 | 1 |
| Feb '24 | 0 |
| Mar '24 | 0 |
| Apr '24 | 0 |
| May '24 | 0 |
| Jun '24 | 3 |
| Jul '24 | 2 |
| Aug '24 | 0 |
| Sep '24 | 1 |
| Oct '24 | 0 |
| Nov '24 | 2 |
| Dec '24 | 1 |
| Jan '25 | 0 |
| Feb '25 | 3 |
| Mar '25 | 1 |
| Apr '25 | 1 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 1 |
| Sep '25 | 0 |
| Oct '25 | 2 |
| Nov '25 | 0 |
| Dec '25 | 1 |
| Jan '26 | 0 |
| Feb '26 | 2 |
| Mar '26 | 0 |
| Apr '26 | 0 |
| May '26 | 1 |
| Jun '26 | 1 |
| Jul '26 | 2 |
| Aug '26 | 1 |
| Sep '26 | 1 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Fintech | 80 |
| Networks, Cloud & Communication | 20 |
| Enterprise Software | 14 |
| Professional Services | 14 |
| Transportation & Logistics | 13 |
| E-Commerce & Retail | 9 |
| Crypto & Blockchain | 7 |
| Cybersecurity & Privacy | 5 |
| AI & Machine Learning | 5 |
| Food & Agriculture | 5 |
| Data, Analytics & IT | 4 |
| Marketing & Advertising | 3 |
| Media & Entertainment | 3 |
| Health & Life Sciences | 3 |
| Clean Energy & Sustainability | 2 |
| Consumer & Lifestyle | 2 |
| Social & Community Platforms | 2 |
| Manufacturing | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 13 |
| $5M-$10M | 21 |
| $10M-$25M | 39 |
| $25M-$50M | 12 |
| $50M-$100M | 11 |
| $100M-$250M | 4 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 10 of 16 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| India | 23 |
| Brazil | 18 |
| Indonesia | 9 |
| United States | 8 |
| Mexico | 7 |
| South Africa | 5 |
| Singapore | 5 |
| Europe | 5 |
| Colombia | 4 |
| Egypt | 4 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| QED Investors | 10 |
| International Finance Corporation | 8 |
| Valor Capital Group | 8 |
| Kaszek Ventures | 7 |
| Monashees | 7 |
| Accel | 5 |
| Acrew Capital | 5 |
| Mouro Capital | 5 |
| Prosus Ventures | 5 |
| AC Ventures | 4 |
| Accion Venture Lab | 4 |
| Andreessen Horowitz | 4 |
| Endeavor Catalyst | 4 |
| Omidyar Network | 4 |
| 4DX Ventures | 3 |
| B Capital Group | 3 |
| Blume Ventures | 3 |
| BRI Ventures | 3 |
| Broadhaven | 3 |
| Caravela Capital | 3 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 40 | 40% |
| Participating | 60 | 60% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 20 | 50% |
| Co-led | 20 | 50% |
Team
Co-Founder and Managing Partner
Partner
Co-Founder and Managing Partner
Co-founder and Managing Partner
Portfolio Associate
Partner
Senior Operations AssociateSenior
Investment Associate