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.
Investment
Institutional exits
%
IRR
DPI
Figures as of the most recent fund report. Past performance is not indicative of future results.
What we look for.
Team
Founders who are coachable, adaptive and curious, who already know that overnight success takes about a decade.
Stage
Seed is where we add the most. Young enough that the direction is still being set, mature enough to have something real to work with.
Traction
Revenue is not required, but evidence is. Show us someone is willing to pay you fairly for the value you create.
Opportunity
Ideas that travel. Regional relevance with a credible path to scale across South Asia and Southeast Asia.
Two seed bets. Two institutional buyers.
WealthOS to JPMorgan
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.
Kaiju Labs to KAST Finance
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.
Portfolio
| Company | Sector | Country | Invested | Status |
|---|---|---|---|---|
| Mindler | EdTech | India | Oct 2021 | Active |
| Mintpay | FinTech | Sri Lanka | Feb 2022 | Active |
| Niftron | Web3 | Sri Lanka | Feb 2022 | Active |
| SmartCOOP | FinTech | Sri Lanka | Feb 2023 | Active |
| Kaiju Labs | Web3 | Sri Lanka | Mar 2023 | Acquired · KAST |
| Simplebooks | RegTech | Sri Lanka | May 2023 | Active |
| MedEasy | HealthTech | Bangladesh | Jun 2023 | Active |
| Hishabee | FinTech | Bangladesh | Jul 2023 | Active |
| WealthOS | WealthTech | UK | Nov 2023 | Acquired · JPMorgan |
| Shopbook | FinTech | Sri Lanka | Apr 2024 | Active |
| Qbitum | DeepTech | Sri Lanka | May 2024 | Active |
| BIND | RegTech | India | Sep 2024 | Active |
| Dossiers | RegTech | Sri Lanka | Oct 2024 | Active |
| HybridAI | DeepTech | Singapore | Jan 2025 | Active |