LeapFrog Investments

LeapFrog Investments is a private equity firm that specializes in investments in growth-stage and expansion. It does not invest in green-fields or startups. The firm makes investments in financial institutions, distributors for financial products, or enablers of financial services, such as administrators or technology platforms. LeapFrog Investments was founded by Dr. Andrew Kuper Ph.D. in 2007 and is headquartered in Australia.
SA

Seema Amble

Investment Associate

SB

Stuart Bedford

Partner and General Counsel

YB

Yanish Bondahjagalu

Chief Operations Officer

Stephen Bowey

OPERATING PARTNER

RB

Richard Brandweiner

Partner

RM

Ross McNaughton Brooks

Investor Relation Associate

Tom Brunner

Partner

AC

Alexis Crusey

Senior Manager, Investor Relations

PD

Patrick Duff

Director of Investments

Michael Fernandes

PARTNER

Gary Herbert

C0-FOUNDER and COO

GK

Grant Karolus

FINANCE DIRECTOR

NK

Norman Kelly

DIRECTOR OF INVESTMENTS

Andrew Kuper

FOUNDER and CEO

Stewart Langdon

PARTNER

ML

Matthew Lines

INVESTMENT OFFICER

Xenia Loos

Director Of Co-Investment and Investor Relations

NM

Nick Moon

PARTNER

TM

Tapiwa Muranda

ASSOCIATE DIRECTOR

KO

Karima Ola

PARTNER

Felix Olale

PARTNER

JP

Jasvir Pandher

ASSOCIATE DIRECTOR

JR

Jim Roth

Co-Founder and Partner

MW

Michael Walli

Investment Officer

45 past transactions

Cignifi

Venture Round in 2018
Cignifi Inc. designs and develops credit and marketing analytics platform for mobile network operators. It provides credit risk and marketing scores using mobile phone data, and provides information for credit cards, personal loans, insurance, and savings among mobile pre-pay customers. The company serves telecommunication operators, retailers, lenders, and insurers. The company was incorporated in 2010 and is based in Boston, Massachusetts with additional offices in Sao Paulo, Brazil.
UT Life Insurance Company Limited is a life insurance company. The company underwrites life assurance businesses, including universal life policies, group term policies, loan protection insurance policies, Keyman assurance policies, administer pensions, and others. Its retail/individual solutions include priority protection, education expenses, and funeral expenses plans; and corporate/group solutions include Keyman insurance, group term, mortgage protection, and loan protection policies.

Neogrowth

Venture Round in 2018
Neogrowth operates as a non-banking financial company in India. It is focused on meeting the financial needs of small businesses which sell goods and services to consumers. It offers business financing services to small- and medium-sized retail companies that sell apparel, consumer durables and electronic items, footwear and accessories, handicrafts, gifts, and optical goods as well as to restaurants, beauty salons, hotels, gymnasiums, and health diagnostic centers. NeoGrowth began its commercial operations in 2013.
MedGenome is a developer of sequencing genomics-based diagnostics and research platform intended to improve global health. The company's platform applies genomics technologies, bioinformatics, computing, and big data analytics to the genetically diverse and large population to understand the genetic basis of cancer, metabolic disorders, eye disorders, and other rare diseases, enabling the healthcare industry to develop deep insights into diseases at the genetic and molecular level.

Jumo World Limited

Series B in 2018
We’re building next-generation financial services technologies to empower emerging market entrepreneurs. We use advanced data science and machine learning to create the fastest and leanest financial services infrastructure. Our partners use our technology stack to offer savings, lending and insurance products to entrepreneurs in emerging markets.These next-generation products give anyone with a cell phone and mobile wallet access to unprecedented financial choice, enabling millions of people to prosper, build their businesses and drive economic growth.

Reliance Capital Management

Private Equity Round in 2015
Reliance Capital Management is an integrated financial services company, provides financial service products in Indonesia. It offers equities, underwriting, fixed income, asset management, and general and health insurance products. The company provides securities brokerage services in equity and fixed income markets; property, motor vehicle, cargo, engineering, and miscellaneous insurance products; hospitalization, outpatient, dental care, maternity care, and glasses insurance products; and health insurance support services.

GoodLife Pharmacy

Acquisition in 2016
GoodLife provides trusted pharmaceuticals and wellness products to over 600,000 customers from 19 different convenient locations across East Africa.

AllLife (Pty) Ltd

Private Equity Round in 2009
AllLife (Pty) Ltd. designs, distributes, and administers life insurance products. It offers life and disability coverage for individuals with HIV and diabetes. The company sells its products through finance services providers. AllLife (Pty) Ltd was founded in 2004 and is based in Sandton, South Africa.

Fincare Business Services Private Limited

Private Equity Round in 2018
Fincare Business Services Private Limited is a Core Investment Company managing a clutch of businesses operating in base of pyramid financial services sector in India, with assets of over Rs.1800 Cr as on Dec’16. The company has equity investment from Truenorth, a premier private equity fund in India along with the Indian promoters. Fincare was formed in Sep-2014, to consolidate the base of pyramid financial services and distribution (BOP-FSD) platform under one umbrella.

Interswitch

Private Equity Round in 2022
Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis. The company started operations in 2002 as a transaction switching and electronic payments processing company that builds and manages payment infrastructure as well as deliver innovative payment products and transactional services throughout the African continent.

Ascent Meditech Limited

Acquisition in 2018
Ascent Meditech Ltd. provides vertically integrated consumer healthcare products. Ascent Meditech Ltd. help such patients by providing a wide range of products for their re-habilitation from various Musculoskeletal disorders offering an array of Orthopaedic Soft Goods (OSG) for Cervical, Knee, Chest, Back, Ankle and Foot.

AFB

Private Equity Round in 2015
afb’s mission is to unlock the potential in Africa’s digital footprint. Using data to understand behaviour, we give people the power to change their lives through innovative financial products. afb has won over 300 000 new customers in Kenya, Ghana and Tanzania, enjoys over 400 retail partners and is the first to deliver unsecured credit digitally with leading mobile network operators Airtel and MTN.

Northern Arc

Venture Round in 2014
Northern Arc Capital Limited operates as a non-banking financial company in India. The company offers microfinance, agricultural finance, housing finance, vehicle finance, and consumer finance; and small business and gold loans, as well as fintech services. It also provides structured products and capital market instruments; term loan, debt syndication, and guarantee-backed lending; and fund management services. The company was formerly known as IFMR Capital Finance Private Limited and changed its name to Northern Arc Capital Limited in March 2018. Northern Arc Capital Limited was incorporated in 1989 and is based in Chennai, India.

Cardekho

Series E in 2021
CarDekho is not just a web portal that lists cars in India, but is a rich automotive platform that brings to its readers to-the-minute insights from around the world. Be it a newbie, an auto freak, or a layman in terms of complex car engine and performance terminologies, CarDekho is the place where you can read fresh news, and road tests; browse recently shot images and videos, compare car features, prices, and other car specifications.

Fincare Business Services Private Limited

Private Equity Round in 2017
Fincare Business Services Private Limited is a Core Investment Company managing a clutch of businesses operating in base of pyramid financial services sector in India, with assets of over Rs.1800 Cr as on Dec’16. The company has equity investment from Truenorth, a premier private equity fund in India along with the Indian promoters. Fincare was formed in Sep-2014, to consolidate the base of pyramid financial services and distribution (BOP-FSD) platform under one umbrella.

Enterprise Group Limited

Private Equity Round in 2017
The first in The company operates in six segments: Non-Life Insurance Business, Life Assurance Business, Pension Administration, Real Estate, Funeral Services, and Investments. It offers funeral finance, lifetime needs, family income protection, education, lady care, credit life, micro insurance, group funeral, and group corporate risk plans. insurance company to be publicly listed in Ghana.

Cignifi

Series D in 2018
Cignifi Inc. designs and develops credit and marketing analytics platform for mobile network operators. It provides credit risk and marketing scores using mobile phone data, and provides information for credit cards, personal loans, insurance, and savings among mobile pre-pay customers. The company serves telecommunication operators, retailers, lenders, and insurers. The company was incorporated in 2010 and is based in Boston, Massachusetts with additional offices in Sao Paulo, Brazil.

Alexander Forbes Group Holdings Limited

Private Equity Round in 2022
Alexander Forbes is a provider of financial, risk and insurance and multi-manager investment solutions internationally. Alexander Forbes offers integrated retirement, investment, life and insurance solutions to create, grow and protect your wealth and assets.
Shubham Housing Development Finance Company was incorporated with a mission to provide Home loans and Home Improvement loans to customers who would normally fall outside the ambit of traditional lending institutions. Shubham is amongst the first organisations in the country focused on helping urban low-income and informal income families own a home by providing formal credit. Shubham's operating model seeks to transcend document based underwriting and follow an interview based approach to understand the customer's income and expense flows.

Fidelity Bank Ltd

Secondary Market in 2021
Fidelity Bank Limited provides banking products and services. The company offers current and savings accounts.

Cardekho

Series E in 2021
CarDekho is not just a web portal that lists cars in India, but is a rich automotive platform that brings to its readers to-the-minute insights from around the world. Be it a newbie, an auto freak, or a layman in terms of complex car engine and performance terminologies, CarDekho is the place where you can read fresh news, and road tests; browse recently shot images and videos, compare car features, prices, and other car specifications.

WorldRemit Ltd

Series E in 2021
WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet. It is a convenient, low-cost alternative to traditional money transfer companies that use high street agents and charge high fees. Money can be received as a bank deposit, cash pick-up, Mobile Money, or mobile airtime top-up. WorldRemit’s service is available to senders in 50 countries. They offer transfers to more than 140+ destinations across Europe, Asia, Africa, Australia, and the Americas.

IFMR Trust

Series E in 2019
IFMR Holdings is positioned as a financial inclusion platform and houses three businesses: IFMR Capital – a debt capital markets platform for 75 originators offering micro-loans, small business finance, affordable housing and commercial vehicles finance; IFMR Rural Finance – a technology licensor that developed the Kshetriya Gramin Financial Services (KGFS) model for remote rural markets
Syn Mun Kong Insurance Public Company Limited provides non-life insurance products in Thailand. The company offers fire, marine and transportation, motor, and miscellaneous insurance products, as well as accident insurance. It operates through 166 branches. Syn Mun Kong Insurance Public Company Limited was founded in 1951 and is headquartered in Bangkok, Thailand.

BIMA

Series C in 2015
BIMA is an insurtech player using mobile technology to provide insurance and health services to emerging markets. To serve its customers, the company has developed a proprietary technology platform, established exclusive partnerships with mobile operators, and built relationships with international insurers. BIMA utilizes its technology platform to serve customers in 13 countries across Asia, Africa, and Latin America and has reached to date 31 million subscribers.

Neogrowth

Series D in 2018
Neogrowth operates as a non-banking financial company in India. It is focused on meeting the financial needs of small businesses which sell goods and services to consumers. It offers business financing services to small- and medium-sized retail companies that sell apparel, consumer durables and electronic items, footwear and accessories, handicrafts, gifts, and optical goods as well as to restaurants, beauty salons, hotels, gymnasiums, and health diagnostic centers. NeoGrowth began its commercial operations in 2013.

Mahindra Insurance Brokers Ltd.

Private Equity Round in 2012
Mahindra Insurance is a fast-growing, profitable and high-impact company – providing life, property, and health insurance to millions of people in rural and semi-urban India. LeapFrog’s capital and expertise are supporting the team as they work to build India’s leading insurance broker by 2015. LeapFrog is bringing to bear specialist actuarial and operational expertise to support leaps in key areas such as product development, improved distribution, customer service through the use of mobile and internet technology, training, marketing and client education.

Petra Trust

Private Equity Round in 2014
Petra Trust Company Limited provides trustee services for employers and individuals in Ghana. The company offers personal pension and retirement planning services. It also provides investment policy formulation, strategic and tactical asset allocation, and benchmark design services; fund manager and custodian selection and evaluation services; fund administration services; and customized pension training services for individuals, executive members of companies, staff members, and others who need to meet regulatory requirements. The company is based in Accra, Ghana.

Jumo World Limited

Private Equity Round in 2016
We’re building next-generation financial services technologies to empower emerging market entrepreneurs. We use advanced data science and machine learning to create the fastest and leanest financial services infrastructure. Our partners use our technology stack to offer savings, lending and insurance products to entrepreneurs in emerging markets.These next-generation products give anyone with a cell phone and mobile wallet access to unprecedented financial choice, enabling millions of people to prosper, build their businesses and drive economic growth.

WorldRemit Ltd

Series D in 2019
WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet. It is a convenient, low-cost alternative to traditional money transfer companies that use high street agents and charge high fees. Money can be received as a bank deposit, cash pick-up, Mobile Money, or mobile airtime top-up. WorldRemit’s service is available to senders in 50 countries. They offer transfers to more than 140+ destinations across Europe, Asia, Africa, Australia, and the Americas.

BIMA

Venture Round in 2020
BIMA is an insurtech player using mobile technology to provide insurance and health services to emerging markets. To serve its customers, the company has developed a proprietary technology platform, established exclusive partnerships with mobile operators, and built relationships with international insurers. BIMA utilizes its technology platform to serve customers in 13 countries across Asia, Africa, and Latin America and has reached to date 31 million subscribers.

Resolution Insurance

Acquisition in 2014
Resolution Insurance entered the Kenyan market in 2002 (as Resolution Health East Africa), the first company to be registered as a Medical Insurance Provider (MIP). Resolution Insurance was recognized as Medical Insurance Provider of the Year in 2012 in the Think Business Insurance Awards. Resolution Insurance is licensed as a General Insurer by the Insurance Regulatory Authority (IRA) in 2013. We are licensed to provide Personal Accident, Workmen’s Compensation, Liability, Medical and Miscellaneous classes of General Insurance Business. With 10 years experience, Medical Insurance is their core product. Resolution Insurance has managed the medical needs of over 60,000 members comprising of corporate, social groups, families and individuals through innovative solutions.

Pyramid Pharma Limited

Private Equity Round in 2018
Pyramid Pharma Limited distributes medical devices and pharmaceutical products, including, pacemakers, hip replacements, cardiac, and orthopedic equipment in Africa. The company’s products are distributed in countries across sub-Saharan Africa, including Tanzania, Kenya, Uganda, Rwanda, Mozambique, Ethiopia, Nigeria and Ghana. The company was founded in 2001 and is headquartered in Dar es Salaam, Tanzania.

Jumo World Limited

Venture Round in 2020
We’re building next-generation financial services technologies to empower emerging market entrepreneurs. We use advanced data science and machine learning to create the fastest and leanest financial services infrastructure. Our partners use our technology stack to offer savings, lending and insurance products to entrepreneurs in emerging markets.These next-generation products give anyone with a cell phone and mobile wallet access to unprecedented financial choice, enabling millions of people to prosper, build their businesses and drive economic growth.

Magma Fincorp

Post in 2015
Magma Fincorp Limited (formerly Magma Leasing Limited) was incorporated in 1988 and commenced operations in 1989. To strengthen its business, the company merged with Arm Group Enterprises in 1992. Magma has emerged one of India's largest financial services companies during the past five years.

BIMA

Series B in 2014
BIMA is an insurtech player using mobile technology to provide insurance and health services to emerging markets. To serve its customers, the company has developed a proprietary technology platform, established exclusive partnerships with mobile operators, and built relationships with international insurers. BIMA utilizes its technology platform to serve customers in 13 countries across Asia, Africa, and Latin America and has reached to date 31 million subscribers.

Apollo Investments Ltd

Private Equity Round in 2011
Apollo Investments Limited provides general and life insurance solutions for individuals, businesses, and organizations in Kenya. Its products include group life assurance, group last expense assurance, group accident disability assurance, group critical illness assurance, group mortgage assurance, group credit life assurance, group pension plans, individual pension plans, and pension annuity plans.

Cignifi

Venture Round in 2017
Cignifi Inc. designs and develops credit and marketing analytics platform for mobile network operators. It provides credit risk and marketing scores using mobile phone data, and provides information for credit cards, personal loans, insurance, and savings among mobile pre-pay customers. The company serves telecommunication operators, retailers, lenders, and insurers. The company was incorporated in 2010 and is based in Boston, Massachusetts with additional offices in Sao Paulo, Brazil.

PasarPolis

Series B in 2020
PasarPolis is the leading Insuretech company in Southeast Asia and the only company jointly invested by three Unicorns in Indonesia, Go-Jek, Tokopedia, and Traveloka working to enable consumers to be protected. Offers customised tailor made insurance products via B2B strategic partnerships and direct to consumers. Products extend beyond traditional insurance to address consumer needs across multiple tech ecosystem. Leverages cutting-edge technology to redefine insurance.

BIMA

Series A in 2013
BIMA is an insurtech player using mobile technology to provide insurance and health services to emerging markets. To serve its customers, the company has developed a proprietary technology platform, established exclusive partnerships with mobile operators, and built relationships with international insurers. BIMA utilizes its technology platform to serve customers in 13 countries across Asia, Africa, and Latin America and has reached to date 31 million subscribers.

IFMR Trust

Venture Round in 2015
IFMR Holdings is positioned as a financial inclusion platform and houses three businesses: IFMR Capital – a debt capital markets platform for 75 originators offering micro-loans, small business finance, affordable housing and commercial vehicles finance; IFMR Rural Finance – a technology licensor that developed the Kshetriya Gramin Financial Services (KGFS) model for remote rural markets

Shiram Credit

Venture Round in 2011
Shriram Credit Company Limited is a non-banking finance company that is engaged in asset finance and NBFC-based lending activities. The company offers hire purchase finance and lease on motor vehicles and machineries. Shriram Credit was incorporated in 1980 and is based in Chennai, India. Shriram Credit Company Limited operates as a subsidiary of Shriram Group.

Express Life Insurance

Acquisition in 2012
Express Life Insurance provides life insurance products and services. It offers credit life and disability plan to insure the outstanding balance of a consumer loan against the risk of death and disability; and personal pension plan to provide living and death benefits, and offer a medium for preparing the individual to save towards retirement.

WorldRemit Ltd

Series C in 2017
WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet. It is a convenient, low-cost alternative to traditional money transfer companies that use high street agents and charge high fees. Money can be received as a bank deposit, cash pick-up, Mobile Money, or mobile airtime top-up. WorldRemit’s service is available to senders in 50 countries. They offer transfers to more than 140+ destinations across Europe, Asia, Africa, Australia, and the Americas.