• Dock

  Participated · Equity · May 2022

  Dock operates as the banking-as-a-service (BaaS) offering within Conductor, Latin America’s largest full-stack card issuing and acquiring software provider. Through a cloud-native, open-API platform, Dock enables customers across the region to create and manage digital accounts and payment cards. Powered by Conductor’s infrastructure, the combined platform services more than 85 million accounts and processes over US$20 billion in annual payment volume. Clients include leading fintechs, traditional banks, retailers and other enterprises seeking modern digital commerce solutions. Recent corporate milestones include the acquisition of payments firm Muxi and the launch of an international expansion across major Latin American markets. Conductor plans to use newly raised capital to accelerate product development for Dock and to deepen its regional footprint. The continued emphasis on scaling Dock underscores Conductor’s ambition to democratize digital payments while solidifying its position as the region’s modern payment infrastructure leader.

• Dock

  Participated · Equity · May 2022

  Dock provides an open-API, cloud-native platform that enables businesses to offer card issuance, payment processing, credit and banking-as-a-service including digital accounts, mobile payments and fraud management. The company’s modular end-to-end platform serves fintechs, retailers, banks and technology companies, reducing operational and regulatory burden for customers. Dock powers over 300 clients and 65 million active end users, operates 65 million active accounts, and processes more than 5 billion transactions annually. It has scaled into a leading B2B fintech infrastructure company in Latin America, facilitating accelerated digital adoption of financial services. With the new capital, Dock plans to accelerate its product development roadmap, pursue international expansion and add new talent. The company aims to tap into an $18.5 billion total addressable market for card processing and banking-as-a-service in the region and to democratize access to financial services.

• Creditas

  Participated · Series F · Jan 2022

  Creditas has built an integrated financial services platform that combines secured lending with complementary insurance and investment products, all delivered through a technology-first, customer-centric approach. The company’s offering now expands into full banking and wealth-management capabilities through its recently completed acquisition of Andbank Brazil, approved by the Brazilian Central Bank. Management views the deal as the consolidation of a complete ecosystem that unites credit, insurance and investments under one roof. Creditas continues to strengthen its leadership bench, hiring former BBVA executive Ricardo Forcano as Chief Technology & Operations Officer to oversee Technology, Operations and People. The initial close of its Series G financing pegs the firm’s valuation at USD 3.3 billion, underscoring investor confidence in its growth trajectory. VEF, an early backer, converted its outstanding convertible loans into equity in this round at a lower valuation, yet still recorded a positive uplift in its reported NAV. No revenue or user figures were disclosed in the article, but the company is characterised as one of Latin America’s foremost fintechs.

• Slice

  Participated · Series B · Nov 2021

  Slice issues physical and virtual cards aimed at millennials and lets professionals and students buy collateral-free goods and services on estimated monthly installments (EMIs) via an app to build credit scores. The company is led by co-founder Rajan Bajaj and is Bengaluru-based. In November 2021 Slice’s Series C valued the company at over $1.5 billion; the article reports $340 million raised to date. Slice has pursued financial-sector expansion, including a March 2022 acquisition of a 5% stake in North East Small Finance Bank for roughly $3.42 million and an announced merger with the bank in October 2023. The business reported a 59.8% increase in losses to Rs 406 crore for the fiscal year ended March 2023 and showed 3X growth, and it has not yet filed FY24 annual results. The company has raised multiple debt tranches this year as part of its broader financing strategy. Slice is a consumer lending and payments startup that provides credit and payments solutions. The company has pursued bank partnerships, acquiring a 5% stake in Guwahati-headquartered North East Small Finance Bank and announcing a merger with NESFB to expand financial accessibility. Slice has raised $340 million to date and was valued at over $1.5 billion during its Series C in November 2021. According to reporting, its revenue jumped to around Rs 870 crore in FY23, while operating revenue grew to Rs 283.08 crore in FY22 from Rs 67.7 crore in FY21. Losses widened to Rs 253.67 crore in FY22, reflecting increased operating losses. Gunosy Capital is reported as the largest shareholder with a 14.84% stake and co-founder Rajan Bajaj holds 8.21%. Slice offers credit-card features including rewards, 2% cashback, and a buy-now-pay-later option with merchants such as Amazon and MakeMyTrip. Launched in 2019 and headquartered in Bengaluru, the startup serves over 12 million Indians and is issuing roughly 300,000–400,000 cards per month. Recently it added UPI support to drive daily engagement; the UPI product is reported to be gaining strong early traction. Slice is focused on broadening its payments offerings while working to make its core credit business profitable in the coming months. The company targets underserved consumers who lack traditional credit access by using modern underwriting systems to expand card eligibility. Slice issues multiple consumer credit cards and card products aimed at tech‑savvy young professionals, and provides features such as no‑fee bill installments over three months and merchant discounts. The company uses its own underwriting system and has launched ultra‑low‑limit products (including a $27‑limit card) to reach underpenetrated segments. Slice says it issues over 200,000 cards each month, has a registered user base of over 5 million and a waitlist of more than 1 million users. The median age of its customers is 27, which the company says mirrors its team. A source quoted in the articles reported an annual revenue run rate of over $60 million. Planned product work includes adding UPI support, new card products (including a teen‑focused card) and a decentralized identity product called '&ID'; Slice is also hiring and offering new hires a three‑day week with steady pay and benefits. Slice is a Bangalore-headquartered fintech that has built a "super card" and companion app to simplify credit-card signup and usage for millennials and Gen Z. The product lowers barriers to credit for users who are often ineligible for traditional cards, offers up to 2% instant cash back, and surfaces hyperlocal restaurant deals. Slice issues credit limits from its own balance sheet and supports in-app payments including QR-code purchases, plus a bill-splitting feature that allows up to three months of interest-free payments. The company has amassed over 3 million users and says it is profitable; it also reports that more than 65% of members see credit scores climb to 730 within six months of joining. Slice says roughly 50% of new customers previously held competitor cards and that more than half of those switch Slice to be their primary card; it expects to convert over 80% to primary use in the next six to eight months. The startup recovered from pandemic-related declines, reporting May as its best month and 25% growth in June, and plans to use new funding to develop additional features.

• CarDekho

  Participated · Series E · Oct 2021

  CarDekho is an Indian search and e-commerce platform for new and used cars, headquartered in Jaipur. It buys cars from customers and then sells them and offers a catalogue of more than 3,000 certified pre-owned cars for online purchase. The platform also provides financing (installment payments) and insurance; its financial services business is profitable and insurance has reached breakeven. CarDekho works with almost all automobile makers in India and contributes 30% of their annual sales, and it partners with over 3,500 new auto dealers and more than 4,000 used car dealers and traders. The company has expanded to over 100 markets and said it exceeded a $100 million revenue run-rate in the last month. It plans to deploy the fresh capital to expand its used car and financial services businesses and expand its catalog to over 10,000 cars in the near future. CarDekho, founded in 2008 by Amit Jain, is an autotech group headquartered in Jaipur that has digitized large parts of the Indian automotive ecosystem. The group operates a portfolio of sites including CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com, PowerDrift.com and specialized portals TyreDekho.com and TrucksDekho.com. It recently launched an online insurance portal, InsuranceDekho.com, offering motor and health insurance, and introduced CarDekho Gaadi stores as a one-stop destination for selling pre-owned cars. The company’s offerings therefore span vehicle listings, insurance distribution and specialist verticals for tyres and commercial vehicles. CarDekho runs operations in India, Indonesia and the Philippines. The article does not disclose revenue or user metrics. CarDekho operates online portals and apps that list new and second-hand cars and motorbikes and produces automotive content such as a YouTube channel and blog. The company claims 39 million monthly unique visitors and six million app downloads, and it works with about 5,000 dealerships and direct retail partnerships with eight vehicle makers. On the services side it offers car financing via more than 10 financial partners and has offered insurance since 2017. Revenue grew from 114 crore (≈$16.3M) in FY 2016–17 to 160 crore (≈$22.8M) in FY 2017–18. CarDekho has expanded into Southeast Asia with portals in Malaysia, the Philippines and Indonesia. The company says it will double down on insurance and financial-services offerings and build out more transaction services tied to auto sales. Girnar Software runs several Indian auto portals—CarDekho.com, Gaadi.com, Zigwheels.com—and a motorbike marketplace, BikeDekho.com. It acquired Gaadi.com in 2014 and Zigwheels.com in 2015 and expanded internationally last March with CarBay.com, which operates in 25 countries across Asia, Africa, the Middle East, Europe, North America, and South America. In India its sites target car sellers and buyers and offer value-added services such as insurance, car accessories, tires, and roadside assistance. The company differentiates via product features including 360-degree interior/exterior views, audio recordings of horns, engines and ignition, and virtual reality showrooms to give consumers an immersive pre-dealer experience. Girnar says it will invest some of its new funding into research and development and plans to continue overseas growth through acquisitions. Before this round the company had raised at least $80 million, and it has received new, undisclosed funding from Google Capital with participation from returning investor Hillhouse Capital. Girnar Software operates CarDekho.com, a Jaipur-based auto portal that provides information on new and used cars, reviews, buy/sell listings and related services to connect consumers with dealers. The site follows a multiple-revenue model—dealer fees for leads and inventory listings, premium consumer listings, and advertising—and passes leads to manufacturers, charging them only when a car is purchased. It also connects users to auto loans and runs related sites BikeDekho.com and PriceDekho.com; the firm acquired competing site Gaadi.com from Naspers. The company reports about 17 million visits and 10 million unique visitors per month and works with over 5,000 dealer partners. Girnar aims to expand auto-financing via partnerships, targeting to facilitate a billion dollars of auto loans and expecting digital to hold a 25% share of auto loan financing within four years. Recently it has raised a $50 million Series B and received additional undisclosed investments, positioning it to deepen its financing partnerships and consumer loan pre-approval offerings.

No current team members are available.