Fund I · Vintage 2021 · Fully deployed
Enabling the democratization of finance.
We backed B2B fintech startups across South Asia and Southeast Asia before most investors had the region on a map. Thirteen companies. Two institutional exits.
Figures as of the most recent fund report. Past performance is not indicative of future results.
What we look for.
Build for the world, not just your backyard. We back founders from underestimated markets who think globally from day one. Where you are from is not a disadvantage, it is context. We want founders whose market is the world, not a fallback to the familiar.
Integrity
Fake it till you make it is not in our playbook. We back founders who are radically transparent with their investors, their team, and themselves. Trust compounds faster than traction, and once it is lost it is gone for good.
Urgency
Speed is the only advantage a startup has. Incumbents have capital, brand and distribution. We look for founders who ship before they are ready, sell before the product is perfect, and learn faster than the market can change.
Accountability
Own your destiny. Founders who blame the market or the macro rarely fix what is actually broken. We back founders who own every outcome and treat every setback as a signal, not an excuse.
Endurance
The ability to suffer. We look for founders who can absorb rejection, survive funding winters, outlast better-funded competitors, and still show up every Monday like it is Day One.
Two seed bets, two institutional buyers.
A cloud-native, API-first core platform for the wealth management industry, targeting the UK market and founded by a Sri Lankan team. Its acquisition by JPMorgan Chase & Co. shows the sophistication and maturity of the tech talent in the region.
The most advanced wallet-as-a-service for Web3 games and apps. We were the first to back Kaiju. They went on to raise from Tenity and receive grants from Ripple. KAST acquired them within 20 months.
Thirteen companies.
Six countries.
| Company | What they do | Sector | Country | Invested | Status |
|---|---|---|---|---|---|
| Mindler | SaaS automating career guidance | EdTech | India | Oct 2021 | Active |
| Mintpay | Sri Lanka's first Buy Now Pay Later | FinTech | Sri Lanka | Feb 2022 | Active |
| SmartCOOP | Core-banking for co-operative banks | FinTech | Sri Lanka | Feb 2023 | Active |
| Kaiju Labs | Wallet-as-a-service for Web3 games | Web3 | Sri Lanka | Mar 2023 | Acquired · KAST |
| Simplebooks | Company registration and bookkeeping | RegTech | Sri Lanka | May 2023 | Active |
| MedEasy | Online pharmacy and telehealth | HealthTech | Bangladesh | Jun 2023 | Active |
| Hishabee | Retail and finance for small shops | FinTech | Bangladesh | Jul 2023 | Active |
| WealthOS | Cloud-native core wealth management | WealthTech | UK | Nov 2023 | Acquired · JPMorgan |
| Shopbook | App-based ledger for MSMEs | FinTech | Sri Lanka | Apr 2024 | Active |
| Dossiers | AML and compliance toolkit | RegTech | Sri Lanka | Oct 2024 | Active |
| HybridAI | Manages AI and IT workloads to cut cost | DeepTech | Singapore | Jan 2025 | Active |