• Decentro

  Led · Series A · Oct 2022

  Decentro builds banking and payments APIs that enable companies to launch products such as banking, payment cards, neobanking, collections and payout services, plus virtual, business and escrow accounts and lending. The startup has partnered with banks and payments networks including Axis Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, Visa and RuPay, and integrates with Quickwork, Equifax, Aadhaar and NSDL for KYC and document verification. Founded in 2020 and headquartered in Bengaluru, Decentro has amassed over 250 customers across commerce and fintech and has a headcount of over 40 people. The company reports average 70 million annualized API transactions over the last 12 months and says API volumes have grown 50–70% quarter-over-quarter since early 2021. Decentro also reports revenues have grown more than 35x and the business is profitable. The startup plans to use funding to deepen bank partnerships, move into large-enterprise categories, acquire licenses and launch in Singapore to expand beyond India.

• International Payments Identity(IPiD)

  Participated · Seed · Aug 2022

  iPiD (International Payment Identity) was launched in 2021 by a team of former Swift executives and offers payee verification and identification solutions to secure and simplify global payments. Its core products include a Validate API and an all-in-one node capable of responding to and requesting IBAN verification with thousands of PSPs across Europe. The technology is designed to reduce fraud risks, lower payment failures, and improve the customer experience for cross-border and instant payments. iPiD is accelerating commercial rollout of its Verification of Payee solutions in Europe to help PSPs comply with an upcoming Verification of Payee regulation planned for October 2025. The company also plans to expand product coverage globally and develop new payments-fraud prevention products. iPiD already has a significant team presence and operations in Asia, including Southeast Asia, and intends to intensify focus there. iPiD offers a global bank account validation and proxy addressing platform designed to simplify cross-border payments, reduce failed payments and prevent fraud attempts. Founded in 2021 by Damien Dugauquier, Eddie Haddad and Geertjan van Bochove, the company is headquartered in Singapore. Its platform has grown rapidly since inception and it now has a presence in eight countries. More than 20 financial institutions across 15 countries have signalled their intent to use iPiD’s validation and addressing technology and are working with the company to evolve its products and services. iPiD’s community of prospective partners includes banks and fintechs such as Bank Sahabat Sampoerna, CIMB, GCash, YES BANK, Cashfree Payments, Wallex and others. The company appointed Alain Raes, a former SWIFT executive and payments industry expert, as Chief Commercial Officer.

• Hero

  Led · Equity · Jul 2022

  Hero has built an ambitious banking product that aggregates accounts, IBANs, payment acceptance, payment cards and credit products into a single platform for small companies. The startup offers retailer payment solutions via API, e-commerce plugins and payment links, with transaction fees starting at 0.4% + €0.15. Its primary revenue plan centers on credit offerings: supplier invoice financing and invoice advance products that give customers up to 90 days to repay. Hero built its own core banking system rather than relying on banking-as-a-service partners and has developed an internal risk-scoring engine using public and private data. The company is still awaiting regulator approval from the ACPR for its payment services. Founder and CEO Roland Jais-Nielsen previously founded Merci Handy, bringing operator experience with SMB cash-flow challenges. Hero is a Paris-based fintech founded in 2021 that provides a full-stack payments platform for B2B SMEs, covering liquidity and digital payments across all sales channels. The company began as an intermediary for B2B transactions, taking on financial and credit risk to optimize counterparties' cash flows. Hero has built a horizontally integrated platform that centralizes sales channels and payment methods, improves underwriting, automates end-to-end processes, and integrates with third-party B2B software such as ERPs, marketplaces and accounting tools. Its solution handles offline, online and in-store payments and aims to streamline procure-to-pay for buyers and order-to-cash for suppliers while offering instantaneous financing terms. After seven months of inception Hero onboarded over 200 merchants, powered more than 10,000 transactions and reports growth of about 30% month-over-month. The company is using the new funding to scale its solution and accelerate adoption among underserved SMEs.

• Volopay

  Participated · Series A · Feb 2022

  Volopay provides virtual and physical prepaid multicurrency corporate cards, multicurrency wallets supporting 65+ currencies across 100+ countries, low‑cost domestic and international transfers, and expense management software to track and control spending in real time. The platform offers up to 5% cash back on card transactions and emphasizes low foreign‑exchange charges for international payments. Volopay plans to build new technologies that complement its product and enhance integrations with ERP, HRM and CRM systems, and will hire aggressively as it expands into APAC and MENA markets. The company positions itself as an alternative to traditional banks by owning regional infrastructure to deliver a consistent global experience. Since its 2019 founding the startup has grown its team from ~20 to over 150 employees and amassed 700+ customers including Funding Societies, Zipmex, Moneysmart, Smartkarma and Austrionova. Management reports strong traction: total payment value increased 98% monthly and revenue rose 41% since its seed round. Volopay provides a platform that combines multicurrency Visa Corporate cards, domestic and international bank transfers, automated bill pay, expense management and accounting integrations to help companies reconcile spending and save on FX fees. The company issues corporate cards with up to 2% cash back on software subscriptions, hosting and international travel and offers a credit facility with an average credit line of about $30,000. Volopay launched in 2019 and was founded by Rajith Shaiji and Rajesh Raikwar; it took part in Y Combinator's accelerator program. It serves roughly 100 clients, including InVideo, Dathena, Medline, Sensorflow and Beam, with most customers in tech and typically 15–150 employees. The business has seen rapid transaction growth, reporting about 70% month-on-month growth in total funds flowing through its platform, and new features such as bill pay now contribute roughly 40% of payment volume while the credit product accounts for about 30% of card spending. Volopay is using its recent funding to hire, build product and strategic partnerships, and to expand internationally (it plans to launch operations in Australia later this month).

• Funding Societies

  Participated · Series C · Feb 2022

  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.

No current team members are available.