LendMN NBFI JSC, established in 2006 and headquartered in Ulaanbaatar, Mongolia, is a non-banking financial institution specializing in mobile-based financial services for underserved populations. It offers consumer micro-loans and Lend Wallet, a digital payment platform enabling various transactions. The company uses proprietary AI-powered technology to assess creditworthiness via mobile phone data, facilitating instant, collateral-free loans with personalized interest rates. Repayment history influences future loan sizes and interest rates, while rewards are offered for good behavior, referrals, and engagement in educational content. LendMN NBFI JSC is a subsidiary of AND Systems LLC.
Lhoopa
Debt Financing in 2024
Lhoopa is a property technology company focused on transforming the affordable housing landscape in emerging markets. By utilizing data-driven insights and innovative approaches, Lhoopa collaborates with local partners to facilitate the development of affordable homes, effectively tackling the pressing housing shortages in these regions. The company operates within the real estate sector, assisting various partners and clients in navigating property transactions, from raw land to developed properties and rental markets. Lhoopa emphasizes customization to meet the unique needs of its partners, aiming to enhance profitability and foster sustainable growth in the real estate market.
Sun King
Debt Financing in 2024
Sun King is a solar energy company that specializes in providing off-grid power solutions across Africa and Asia. It designs, manufactures, and distributes solar home systems, inverter systems, and portable lanterns, targeting communities with limited access to reliable electricity. Sun King offers pay-as-you-go financing options, enabling customers to acquire these products through small, affordable installments over time. The company collaborates with international distribution partners to expand its reach within the off-grid market.
Validus
Debt Financing in 2024
Validus is a Southeast Asian fintech company that leverages data and artificial intelligence to provide growth financing to underserved small and medium enterprises. Headquartered in Singapore, it operates in Indonesia, Vietnam, and Thailand, partnering with corporations to deliver supply‑chain financing solutions that support local SME ecosystems. The firm holds a Capital Markets Services licence from the Monetary Authority of Singapore and its Indonesian subsidiary is registered with the OJK. Backed by prominent venture capital investors, Validus offers a comprehensive suite of financial services—including SME lending, crowd‑lending, business accounts, corporate cards, expense management, money transfers, and foreign remittance—positioning it as a leading all‑in‑one SME financing platform in the region.
Solvento
Debt Financing in 2023
Solvento is a fintech company offering a digital payment and credit platform for the trucking industry. The platform automates payments, finances invoices, and provides liquidity to truckers, enabling them to receive funds promptly after deliveries and focus on operations and growth. It emphasizes system integrations to streamline payment processing across partners, supporting liquidity, billing, and cash flow management. By delivering dependable and flexible financing and payment tools, Solvento aims to strengthen the supply chain by reducing friction in invoice settlement and improving operational efficiency for shippers and carriers.
R5 is a company based in Colombia that simplifies vehicle ownership by providing an online insurance and lending platform. It enables low-income customers to use their cars and motorcycles as collateral to secure financing. The platform facilitates access to funds for refinancing expensive debt or investing in businesses, offering a digital process for purchasing compulsory vehicle insurance with affordable policies. Through its services, R5 allows customers to leverage their vehicles to obtain credit at lower rates, making financial opportunities more accessible.
Advance Tech Lending
Series A in 2023
Advance Tech Lending Inc. is an online salary loans provider based in Makati City, Philippines, founded in 2018. The company focuses on enhancing employee productivity by offering financial empowerment solutions. By providing quick access to funds, Advance Tech Lending helps employees meet their daily financial needs with minimal hassle, charging only a processing fee without any interest. This approach not only facilitates immediate financial relief but also contributes to increased employee engagement, reduced turnover, and lower workplace stress, thereby assisting organizations in attracting and retaining talent.
LEASY
Debt Financing in 2023
Co-founded by Gregorio Gilardini and Alejandro Garay in 2018, Leasy is a FinTech platform that provides automobile financing to ride-hailing drivers through a subscription model. It uses its algorithm and evaluators to analyze users' profiles and find suitable cars for them and helps customers to enter into a contract to own a vehicle.
ShopUp
Debt Financing in 2023
ShopUp is a Bangladesh-based technology company that operates a full-stack B2B commerce platform, designed specifically for small businesses. The platform provides these businesses with easy access to B2B sourcing, last-mile logistics, and buy-now-pay-later (BNPL) solutions. Headquartered in Dhaka, ShopUp aims to empower small businesses by offering them digital credit and business management tools, enabling them to access a wide range of products and services tailored to their needs.
F88
Debt Financing in 2022
F88 is a financial services company specializing in small loans secured by assets like automobiles, motorcycles, electronics. It offers additional services such as insurance and money transfers. With a strong management team, wide store network, modern technology, and well-trained staff, F88 aims to change perceptions of traditional pawn services.
Numida
Debt Financing in 2022
Numida Technologies is a digital financial institution based in Kampala, Uganda, founded in 2015. The company specializes in serving micro- and small businesses in East Africa by offering application software that helps these enterprises maintain up-to-date digital financial records. Numida's proprietary credit scoring system enables it to provide unsecured growth and working capital loans to businesses, which not only results in high portfolio yields but also significantly impacts the livelihoods of borrowers. The platform aims to lower risks and costs for lending institutions, leading to improved lending terms for borrowers and fostering a thriving small business sector that creates employment, increases tax revenues, and enhances living standards for entrepreneurs and their staff.
Fazz
Debt Financing in 2022
Founded in 2016, Fazz is a Singapore and Indonesia-based company that empowers merchants from small businesses to large corporations across Southeast Asia. It offers Fazz Agen, serving micro and small enterprises, and Fazz Business, providing payment solutions, capital growth opportunities, and funding access.
Wave Mobile Money
Debt Financing in 2022
Wave Mobile Money is a financial technology company focused on providing app-based solutions for saving, transferring, and borrowing money in Africa. With a mission to create the first cashless continent, Wave aims to address the challenge of limited access to banking services, as less than 10% of the African population has a bank account. The company is developing an inclusive financial network that offers no account fees and allows for instant transactions, making it accessible to a broader audience. By leveraging technology, Wave is creating affordable financial services that enable individuals to manage their money effectively, thereby fostering economic empowerment and contributing to poverty alleviation. Its platform supports various services, including deposits, withdrawals, bill payments, and money transfers, facilitating cashless transactions for users and businesses alike.
UsPlus
Debt Financing in 2022
UsPlus is a financial services company that specializes in offering flexible working capital solutions to small and medium-sized enterprises (SMEs). By providing tailor-made financing options, UsPlus enables business owners to access liquidity that may be tied up in their accounts receivable. This approach allows SMEs to leverage their debtor's book effectively, ensuring they can seize growth opportunities as they arise. The company's focus on the unique needs of the SME sector distinguishes it in the financial services landscape, facilitating essential funding that supports business expansion and operational efficiency.
ALAMI
Debt Financing in 2022
Alami is a licensed peer-to-peer lending platform based in Jakarta, Indonesia. It facilitates sharia-compliant financing for micro, small, and medium-sized enterprises through its transparent and fair platform.
BillEase
Debt Financing in 2022
BillEase offers applications that split customers' payments into interest-bearing installments. The company also provides in-app services like personal loans, mobile loads, gaming credits, and e-wallet top-ups. Users can purchase goods and services online and split their payments into installments. The service is designed to provide a more flexible payment option for customers who prefer to spread the cost of their purchases over time without incurring high-interest fees typically associated with credit cards.
Khazna
Debt Financing in 2022
Khazna is a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of the population who are active smartphone users but lack access to traditional banking. The company offers a range of services, including General Purpose Credit, Buy Now Pay Later (BNPL), bill payment, savings, and insurance. Additionally, Khazna enables employers to provide cash advances to employees for unforeseen emergencies and facilitates seamless transfers and withdrawals without transaction fees. By focusing on digitizing cash transactions, Khazna aims to provide convenient, effective, and secure smartphone-based financial solutions, thereby improving the overall financial landscape in Egypt and potentially beyond.
Khazna is a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of the population who are active smartphone users but lack access to traditional banking. The company offers a range of services, including General Purpose Credit, Buy Now Pay Later (BNPL), bill payment, savings, and insurance. Additionally, Khazna enables employers to provide cash advances to employees for unforeseen emergencies and facilitates seamless transfers and withdrawals without transaction fees. By focusing on digitizing cash transactions, Khazna aims to provide convenient, effective, and secure smartphone-based financial solutions, thereby improving the overall financial landscape in Egypt and potentially beyond.
Baobab
Pre Seed Round in 2022
Baobab is a cyber insurance company that offers protection to organizations against expenses, fees, and legal costs resulting from cyber breaches. By leveraging technology and specialized knowledge, Baobab provides comprehensive services designed to safeguard businesses from both existing and emerging cyber threats. The company's offerings enable clients to manage a variety of internet-based risks associated with their information technology infrastructure and activities. Through its focus on cyber insurance, Baobab aims to help organizations navigate the complexities of cybersecurity and mitigate potential financial impacts from cyber incidents.
F88
Debt Financing in 2022
F88 is a financial services company specializing in small loans secured by assets like automobiles, motorcycles, electronics. It offers additional services such as insurance and money transfers. With a strong management team, wide store network, modern technology, and well-trained staff, F88 aims to change perceptions of traditional pawn services.
Planet42
Debt Financing in 2021
Planet42 democratizes mobility by providing access to personal vehicles on a subscription basis. It purchases second-hand cars from dealers and offers them to customers without the need for physical inspection or in-person meetings, promoting financial inclusion.
onafriq
Debt Financing in 2021
MFS Africa Limited is a leading provider of mobile money interoperability in Africa, facilitating seamless money transfers and payments across the continent. Established in 2009 and headquartered in Accra, Ghana, the company connects mobile network operators through a unified API, enabling a range of services including remittances, merchant and bulk payments, as well as bank-to-wallet transfers. MFS Africa serves various stakeholders, including money transfer operators, banks, and mobile money operators, by offering alternatives for remittances, micro-lending, micro-insurance, and micro-savings. With additional offices in key African cities and London, MFS Africa plays a crucial role in enhancing financial connectivity and promoting financial inclusion across the region.
Finclusion Group
Debt Financing in 2021
Finclusion is a FinTech accelerating company that provides financial services and credit products using AI-powered and data-driven lending for fraud prevention and credit granting. The company also offers buy-now-pay-later (BNPL) services, salary advance schemes, loan services, and transactional banking to individuals and SMEs across 5 countries—South Africa, Eswatini, Namibia, Kenya, and Tanzania.
Workmate
Debt Financing in 2021
Workmate is a technology-driven company that offers an on-demand staffing platform designed to connect businesses with qualified frontline workers across various sectors, including logistics, warehousing, food and beverage, and hospitality. By leveraging detailed workforce performance data, Workmate facilitates quick and scalable hiring, helping companies streamline their recruitment processes, minimize no-show rates, and enhance worker performance. The platform enables individuals to find short-term job opportunities instantly, matching their skills and experience with local businesses seeking immediate staffing solutions. This approach not only simplifies the hiring process for employers but also reduces administrative costs associated with managing large-scale workforces.
Trella
Debt Financing in 2021
Founded in 2018, Trella is a Cairo-based company that operates an online platform connecting shippers with carriers. It aims to enhance efficiency for drivers, create job opportunities, and reduce costs for shippers while providing real-time shipment tracking.
SAVii
Debt Financing in 2021
SAVii is an innovative platform that empowers HR leaders with 360 degree salary linked wellness services designed to elevate team members personally and professionally.
Amartha
Debt Financing in 2021
Amartha is a microfinance technology platform dedicated to fostering economic growth at the grassroots level by facilitating connections between micro and small to medium-sized enterprises (SMEs) and investors. The platform enables entrepreneurs, particularly in rural areas, to access microfinance loans through user-friendly mobile applications and websites. By bridging the gap between potential lenders and borrowers, Amartha aims to create equal opportunities for prosperity, thereby contributing to the overall development of local economies.
TerraPay
Debt Financing in 2021
TerraPay is a global payment network facilitating secure cross-border fund transfers. It connects financial service providers, enabling interpersonal transfers, e-payments, and government disbursements via mobile wallets. TerraPay offers platform-agnostic integration through standard APIs, reducing operational costs for partners while assuming end-to-end regulatory compliance.
PayJoy
Debt Financing in 2020
PayJoy Inc. is a consumer financing company based in San Francisco, California, founded in 2015. The firm specializes in providing smartphone-enabled financing solutions, primarily targeting underbanked individuals in emerging markets. By leveraging mobile security technology, PayJoy allows customers to select a smartphone, make an initial deposit, and choose a flexible payment plan. The financed smartphone serves as collateral, unlocking its full functionality once the purchase is complete. PayJoy's mission is to enhance access to credit for underserved populations, helping them navigate financial challenges and improve their economic standing. The company has successfully reached over 10 million customers across various countries, including Mexico, Brazil, Colombia, and South Africa, and continues to show solid profitability and growth.
Planet42
Debt Financing in 2020
Planet42 democratizes mobility by providing access to personal vehicles on a subscription basis. It purchases second-hand cars from dealers and offers them to customers without the need for physical inspection or in-person meetings, promoting financial inclusion.
FairMoney
Debt Financing in 2020
FairMoney is a mobile banking platform founded in 2017, operating from Paris, France, and Lagos, Nigeria. The platform specializes in providing credit to private and business borrowers, particularly targeting underbanked populations in emerging markets. By leveraging smartphone data, FairMoney develops an instant credit score for users, facilitating access to various loan types, including personal, business, medical, and car loans. The company has disbursed over 350,000 loans and aims to make financial services more accessible and affordable for millions in Africa and South-East Asia. With a team of 45 professionals and backing from European and American investors, FairMoney is committed to transforming the financial landscape for underserved communities.
KoinWorks
Debt Financing in 2020
KoinWorks is a Indonesian fintech company offering a comprehensive suite of financial products. Users can manage both assets and liabilities on its single platform, making it a one-stop solution for accessible and affordable financial services.
Carbon
Debt Financing in 2019
Carbon is a mobile-only digital bank that offers innovative financial services to the financially underserved mass retail segment. Through their mobile app "Paylater," the company provides small loans quickly to help individuals manage their financial needs. Carbon's focus on serving those who may have limited access to traditional banking services sets them apart in the financial industry, offering a convenient and accessible solution for their customers.
Paylater
Debt Financing in 2019
Paylater is a digital financial services platform that specializes in consumer lending. They empower individuals with access to credit, simple payments solutions, high-yield investment opportunities and easy-to-use tools for personal financial management. Paylater also provides loans, online credits, investments, airtime purchases, bill payments, and funds transfers.
Paylater is headquartered in Lagos, Nigeria.
Watu Credit
Debt Financing in 2017
Watu Credit Limited is a micro-finance institute specialized in emerging, sustainable and inclusive finance.Their mission is to contribute to sustainable development by providing access to capital to the benefit of micro-small, medium enterprises, low and middle income households.their corporate values are focused on the principles of independence, integrity, transparency, strict corporate governance, strong risk management, competitive lending rates and innovation of products and services.
F88 is a financial services company specializing in small loans secured by assets like automobiles, motorcycles, electronics. It offers additional services such as insurance and money transfers. With a strong management team, wide store network, modern technology, and well-trained staff, F88 aims to change perceptions of traditional pawn services.