Elevar Equity
Elevar Equity is a private equity and venture capital firm that provides early-stage and growth capital to high-potential, impact-focused companies. It concentrates on businesses that serve low-income customers in emerging markets, including financial services, education, healthcare, housing, agriculture, and MSMEs, with a particular emphasis on scalable, affordable distribution models for the base of the pyramid. The firm supports a range of sectors, notably fintech, education and employability, market linkages, and housing, aiming to deliver both meaningful social impact and financial returns. Elevar typically takes minority or majority stakes and pursues long-term partnerships with entrepreneurs. Founded in 2006 and headquartered in Seattle, it operates additional offices in San Francisco, Bangalore, Ebene, Bogota, and Mexico City, reflecting a multi-regional footprint across India, Latin America, and Southeast Asia. Its investment approach centers on human-centered solutions that connect underserved customers to essential products and services, with a focus on sustainable growth and measurable impact.
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82 past transactions
FinX
Seed Round in 2024
FinX is an Indian company that specializes in providing integrated collaborative certification services. The firm focuses on streamlining the certification process through innovative approaches, fostering collaboration among various stakeholders in the certification ecosystem. By leveraging technology and collaboration, FinX aims to enhance the efficiency and effectiveness of certification, catering to a diverse range of industries and sectors.
SarvaGram
Series D in 2024
SarvaGram Fincare Private Limited is a fintech startup based in Mumbai, India, established in 2018. The company specializes in providing financial services to individuals and small enterprises in rural and semi-urban areas. SarvaGram offers a range of loan products, including gold loans, consumer durable loans, farm loans, and business loans, aimed at enhancing the economic potential of rural households. By utilizing a data science-enabled platform, SarvaGram assesses the financial viability of these households through an in-depth understanding of their cash flow, balance sheets, and diverse income streams. The company focuses on serving underserved communities, facilitating access to credit and productivity enhancement tools, thereby supporting livelihood improvements for aspiring households and small to medium businesses.
Cloudphysician
Series A in 2024
Cloudphysician is a prominent provider of Smart-ICU services that utilizes a cloud-based platform to enhance critical care delivery. The company employs advanced technologies, including artificial intelligence, the Internet of Things, and predictive analytics, to facilitate real-time clinical decision-making and improve patient outcomes. By offering remote management solutions, Cloudphysician enables healthcare providers to monitor patients effectively, assisting in early-stage diagnosis of critical illnesses in adults and tracking the health and immunization of newborns to reduce neonatal mortality rates. Through this innovative approach, Cloudphysician aims to transform the healthcare landscape, providing hospitals and healthcare professionals with improved support and training capabilities.
Niro
Series B in 2024
Niro is a fintech startup focused on integrating personal credit products into prominent consumer internet platforms. By providing an application programming interface, Niro enables these platforms to offer tailored credit solutions that enhance user engagement and generate additional revenue. The company aims to transform the consumer lending landscape in India, seeking to democratize access to convenient and streamlined embedded credit options for the country's vast population of internet users. Through its innovative approach, Niro strives to create significant value for both consumer internet brands and their end users.
TapFin
Seed Round in 2024
Tapfin is a sustainability platform that focuses on offering several services, including financing and insurance, to startups and micro, small, and medium enterprises (MSMEs) in the sustainability ecosystem.
CureBay
Series A in 2024
CureBay is a healthcare platform designed to enhance access to medical services through teleconsultation and a network of microsatellite centers. It enables healthcare providers to join its platform, facilitating connections between patients, particularly those in remote areas, and expert doctors. The platform offers a range of healthcare support services, allowing individuals to consult with medical professionals for their health concerns at a nominal cost. By bridging gaps in the healthcare system, CureBay aims to make quality healthcare accessible to everyone, regardless of their location.
Niro
Series A in 2023
Niro is a fintech startup focused on integrating personal credit products into prominent consumer internet platforms. By providing an application programming interface, Niro enables these platforms to offer tailored credit solutions that enhance user engagement and generate additional revenue. The company aims to transform the consumer lending landscape in India, seeking to democratize access to convenient and streamlined embedded credit options for the country's vast population of internet users. Through its innovative approach, Niro strives to create significant value for both consumer internet brands and their end users.
Fairplay
Venture Round in 2023
Fairplay is a financing platform that supports e-commerce companies by advancing revenue for marketing spend. It provides funding in exchange for a steady share of revenues until the capital is paid back, along with a flat fee.
Peepul Tree
Seed Round in 2023
Peepul Tree is a platform dedicated to showcasing and selling authentic, handmade artisanal products. It specializes in home decor, apparel, bespoke paintings, accessories, fine silver jewelry, and other unique items sourced from skilled artisans across India.
CureBay
Series A in 2022
CureBay is a healthcare platform designed to enhance access to medical services through teleconsultation and a network of microsatellite centers. It enables healthcare providers to join its platform, facilitating connections between patients, particularly those in remote areas, and expert doctors. The platform offers a range of healthcare support services, allowing individuals to consult with medical professionals for their health concerns at a nominal cost. By bridging gaps in the healthcare system, CureBay aims to make quality healthcare accessible to everyone, regardless of their location.
Bike Bazaar
Series D in 2022
Bike Bazaar provides a platform to buy, sell, and exchange two-wheelers and offers financing for new and pre-owned bikes, insurance, and access to eco-friendly options, all via a transparent marketplace for preowned two-wheelers. Founded in 2017 and based in Pune, India.
StrideOne
Seed Round in 2022
StrideOne offers tailored financial solutions to startups and small-to-medium enterprises (SMEs), focusing on innovative credit structures and flexible working capital options to facilitate sustainable growth.
Fairplay
Series A in 2022
Fairplay is a financing platform that supports e-commerce companies by advancing revenue for marketing spend. It provides funding in exchange for a steady share of revenues until the capital is paid back, along with a flat fee.
SarvaGram
Series C in 2022
SarvaGram Fincare Private Limited is a fintech startup based in Mumbai, India, established in 2018. The company specializes in providing financial services to individuals and small enterprises in rural and semi-urban areas. SarvaGram offers a range of loan products, including gold loans, consumer durable loans, farm loans, and business loans, aimed at enhancing the economic potential of rural households. By utilizing a data science-enabled platform, SarvaGram assesses the financial viability of these households through an in-depth understanding of their cash flow, balance sheets, and diverse income streams. The company focuses on serving underserved communities, facilitating access to credit and productivity enhancement tools, thereby supporting livelihood improvements for aspiring households and small to medium businesses.
Indifi Technologies
Series D in 2021
Indifi Technologies is an Indian digital lending platform that connects small businesses with multiple lenders to secure debt financing. The platform employs automated data collection and analysis to assess creditworthiness, drawing insights from diverse data sources and industry context to identify low-risk, high-promise borrowers. By presenting loan options from a network of lenders, Indifi helps businesses obtain financing without collateral and supports lenders with lifecycle services such as marketing, CRM, loan monitoring, and payment management. The platform serves sectors including e-commerce, travel, hospitality, retail, and trading, supporting growth for small enterprises.
Cloudphysician
Seed Round in 2021
Cloudphysician is a prominent provider of Smart-ICU services that utilizes a cloud-based platform to enhance critical care delivery. The company employs advanced technologies, including artificial intelligence, the Internet of Things, and predictive analytics, to facilitate real-time clinical decision-making and improve patient outcomes. By offering remote management solutions, Cloudphysician enables healthcare providers to monitor patients effectively, assisting in early-stage diagnosis of critical illnesses in adults and tracking the health and immunization of newborns to reduce neonatal mortality rates. Through this innovative approach, Cloudphysician aims to transform the healthcare landscape, providing hospitals and healthcare professionals with improved support and training capabilities.
Niro
Seed Round in 2021
Niro is a fintech startup focused on integrating personal credit products into prominent consumer internet platforms. By providing an application programming interface, Niro enables these platforms to offer tailored credit solutions that enhance user engagement and generate additional revenue. The company aims to transform the consumer lending landscape in India, seeking to democratize access to convenient and streamlined embedded credit options for the country's vast population of internet users. Through its innovative approach, Niro strives to create significant value for both consumer internet brands and their end users.
Favo
Series A in 2021
Favo is a supermarket shopping community that facilitates connections between local entrepreneurs and neighbors. The platform enables users to shop at wholesale prices while eliminating delivery costs and order management challenges through popular social media channels. By providing a streamlined and efficient buying experience, Favo allows customers to generate income without any upfront investment, fostering a sense of community and supporting local businesses.
SarvaGram
Series B in 2021
SarvaGram Fincare Private Limited is a fintech startup based in Mumbai, India, established in 2018. The company specializes in providing financial services to individuals and small enterprises in rural and semi-urban areas. SarvaGram offers a range of loan products, including gold loans, consumer durable loans, farm loans, and business loans, aimed at enhancing the economic potential of rural households. By utilizing a data science-enabled platform, SarvaGram assesses the financial viability of these households through an in-depth understanding of their cash flow, balance sheets, and diverse income streams. The company focuses on serving underserved communities, facilitating access to credit and productivity enhancement tools, thereby supporting livelihood improvements for aspiring households and small to medium businesses.
Favo
Series A in 2021
Favo is a supermarket shopping community that facilitates connections between local entrepreneurs and neighbors. The platform enables users to shop at wholesale prices while eliminating delivery costs and order management challenges through popular social media channels. By providing a streamlined and efficient buying experience, Favo allows customers to generate income without any upfront investment, fostering a sense of community and supporting local businesses.
Bike Bazaar
Series C in 2020
Bike Bazaar provides a platform to buy, sell, and exchange two-wheelers and offers financing for new and pre-owned bikes, insurance, and access to eco-friendly options, all via a transparent marketplace for preowned two-wheelers. Founded in 2017 and based in Pune, India.
Nuvemshop
Series C in 2020
Nuvemshop provides entrepreneurs and SMBs with the tools to set up, manage, and promote their online businesses easily from any device.
With the suite of tools around payments, shipping, inventory management, and marketing provided by the company, owners are enabled to participate in the e-commerce market, ramp up their sales, reduce costs, and provide their end customers with a shopping experience.
In 2011, co-founders Alejandro Alfonso, Santiago Sosa, Jose Abuchaem, Martin Palombo, and Alejandro Vazquez established Nuvemshop in 2011.
LEAD
Series C in 2020
LEAD School, founded in 2012 and based in Mumbai, Maharashtra, India, provides comprehensive educational services through an integrated Edtech platform. The company aims to enhance learning for every child by leveraging technology to empower teachers. Its platform offers detailed lesson plans, audio-visual resources, and curriculum materials, facilitating collaboration among teachers, parents, and schools to achieve educational excellence. Additionally, LEAD School provides teacher training programs and a school management system, which collectively improve learning efficiency and promote standardized curricula, contributing to professional development in the education sector.
Jüsto
Seed Round in 2020
Jüsto operates an online supermarket platform that enables doorstep delivery of groceries and related goods. The service offers a wide range of products, including fruits, vegetables, meat, dairy, beauty items, and household supplies, with a focus on convenient access to fresh, healthy options at affordable prices.
Kamatan Farm Tech
Series B in 2020
Kamatan Farm Tech Pvt Ltd is a New Delhi-based company, founded in 2017, that specializes in developing efficient agricultural supply chains for fresh produce in India. The company focuses on connecting farmers with buyers by sourcing produce directly from farmers and farmer producer organizations. It provides support to farmers in implementing best practices for production, harvesting, packaging, and transportation, ensuring they receive higher value for their products compared to traditional supply chains. Kamatan Farm Tech utilizes technology to minimize waste and inefficiencies while fostering transparent and value-driven relationships between producers and bulk buyers. By leveraging a comprehensive understanding of agricultural policy, farming practices, and logistics, the company ensures quality produce reaches the market efficiently, enhancing the overall value chain from farm gate to consumer.
CreditMantri
Venture Round in 2020
CreditMantri is an Indian digital platform that helps users manage their credit health. It provides personalized credit reports, tracks payment activities, offers credit improvement services, and facilitates loan applications based on individual credit profiles.
SarvaGram
Seed Round in 2020
SarvaGram Fincare Private Limited is a fintech startup based in Mumbai, India, established in 2018. The company specializes in providing financial services to individuals and small enterprises in rural and semi-urban areas. SarvaGram offers a range of loan products, including gold loans, consumer durable loans, farm loans, and business loans, aimed at enhancing the economic potential of rural households. By utilizing a data science-enabled platform, SarvaGram assesses the financial viability of these households through an in-depth understanding of their cash flow, balance sheets, and diverse income streams. The company focuses on serving underserved communities, facilitating access to credit and productivity enhancement tools, thereby supporting livelihood improvements for aspiring households and small to medium businesses.
CanastaRosa
Series A in 2019
Canasta Rosa operates an online marketplace that specializes in unique, local, and handmade products. The platform facilitates the buying and selling of a diverse range of quality items, including confectionery, fashion goods, gifts, pet products, and various accessories. By providing a comprehensive infrastructure, Canasta Rosa ensures a seamless experience for both buyers and sellers, allowing customers to access affordable domestic products while supporting local artisans and craftspeople.
LEAD
Series B in 2019
LEAD School, founded in 2012 and based in Mumbai, Maharashtra, India, provides comprehensive educational services through an integrated Edtech platform. The company aims to enhance learning for every child by leveraging technology to empower teachers. Its platform offers detailed lesson plans, audio-visual resources, and curriculum materials, facilitating collaboration among teachers, parents, and schools to achieve educational excellence. Additionally, LEAD School provides teacher training programs and a school management system, which collectively improve learning efficiency and promote standardized curricula, contributing to professional development in the education sector.
Indifi Technologies
Series C in 2019
Indifi Technologies is an Indian digital lending platform that connects small businesses with multiple lenders to secure debt financing. The platform employs automated data collection and analysis to assess creditworthiness, drawing insights from diverse data sources and industry context to identify low-risk, high-promise borrowers. By presenting loan options from a network of lenders, Indifi helps businesses obtain financing without collateral and supports lenders with lifecycle services such as marketing, CRM, loan monitoring, and payment management. The platform serves sectors including e-commerce, travel, hospitality, retail, and trading, supporting growth for small enterprises.
Bettr Credit
Seed Round in 2019
Bettr Credit is a values-driven start-up on a mission to provide financial products to one and all. Bettr Credit offers the first modern credit card experience that is mobile-first - ensuring that the user has complete control over his card and credit. Bettr Credit also offers a free credit score, personal loans, overdraft facilities and mobile insurance.
Samunnati
Series D in 2019
Founded in 2014, Samunnati operates an open agri network in India, focusing on enhancing efficiency and inclusivity within agricultural value chains. It offers integrated financial intermediation, market linkages, aggregation support, and advisory services through a technology-enabled ecosystem, benefiting smallholder farmers, farmer collectives, and agri enterprises.
Afluenta
Series C in 2019
Afluenta S.A. is a pioneering company based in Buenos Aires, Argentina, specializing in peer-to-peer lending and loans through its innovative online platform. Founded in 2008, Afluenta connects borrowers with lenders, allowing individuals and small to medium-sized enterprises (SMEs) to access loans at more competitive rates than those offered by traditional financial institutions. The platform not only provides borrowers with easier access to credit but also offers investors attractive yields on their funds. Afluenta operates in multiple countries across Latin America, including Argentina, Mexico, and Peru, with plans for future expansion into Colombia and Brazil. Its fully automated marketplace lending model features real-time credit assessment, risk scoring, and a secondary market where investors can trade loans, enhancing liquidity and efficiency in the lending process.
The Better India
Series A in 2019
The Better India Pvt Ltd. is an online news platform based in Bengaluru, India, founded in 2008. The company focuses on publishing and sharing uplifting stories and news about unsung heroes, change-makers, innovations, education, women's empowerment, travel, history, arts and culture, and social development. It aims to highlight positive narratives and incremental progress within society, bringing attention to inspirational feats and motivational individuals. In addition to its articles, The Better India offers email newsletters for corporates and a weekly digest that features a range of topics including lesser-known travel destinations and the spirit of doing good. Through its platform, the company seeks to showcase stories that reflect the positive developments in the social and economic landscape of India.
Kamatan Farm Tech
Seed Round in 2018
Kamatan Farm Tech Pvt Ltd is a New Delhi-based company, founded in 2017, that specializes in developing efficient agricultural supply chains for fresh produce in India. The company focuses on connecting farmers with buyers by sourcing produce directly from farmers and farmer producer organizations. It provides support to farmers in implementing best practices for production, harvesting, packaging, and transportation, ensuring they receive higher value for their products compared to traditional supply chains. Kamatan Farm Tech utilizes technology to minimize waste and inefficiencies while fostering transparent and value-driven relationships between producers and bulk buyers. By leveraging a comprehensive understanding of agricultural policy, farming practices, and logistics, the company ensures quality produce reaches the market efficiently, enhancing the overall value chain from farm gate to consumer.
Bankingly
Series A in 2018
Bankingly is a fintech company founded in 2015 and based in Montevideo, Uruguay, dedicated to enhancing digital banking services for financial institutions in emerging markets. The company offers a software as a service (SaaS) platform that enables its clients to promote digital channels, thereby fostering financial inclusion for millions of people. Bankingly's cloud-hosted technologies allow financial institutions to manage their products, facilitate digital transactions, and engage with customers through a mobile application, transactional website, and chatbot, among other tools. With a focus on affordability, the pricing model is based on the number of active users, helping clients align costs with benefits. The company prioritizes a streamlined implementation process while maintaining high standards of functionality and cybersecurity. Currently, Bankingly's technology supports over 1.5 million users across more than 100 financial entities.
Grupo VI-DA
Series A in 2018
Grupo VI-DA is a technology-driven company based in Palermo, Argentina, with additional offices in Mexico, focused on providing Spanish-language digital content. The company develops multimedia platforms that cater to the Hispanic market, offering a range of digital reading products that include fiction, nonfiction, technical, and academic materials. By democratizing access to educational and entertainment content, Grupo VI-DA aims to meet the needs of students, schools, and consumers in an increasingly digital landscape. Its innovative products, such as Leamos, BIDI, and GrandesLibros, reflect the company's commitment to adapting to the evolving demands of society.
Afluenta
Series C in 2018
Afluenta S.A. is a pioneering company based in Buenos Aires, Argentina, specializing in peer-to-peer lending and loans through its innovative online platform. Founded in 2008, Afluenta connects borrowers with lenders, allowing individuals and small to medium-sized enterprises (SMEs) to access loans at more competitive rates than those offered by traditional financial institutions. The platform not only provides borrowers with easier access to credit but also offers investors attractive yields on their funds. Afluenta operates in multiple countries across Latin America, including Argentina, Mexico, and Peru, with plans for future expansion into Colombia and Brazil. Its fully automated marketplace lending model features real-time credit assessment, risk scoring, and a secondary market where investors can trade loans, enhancing liquidity and efficiency in the lending process.
Varthana
Series C in 2018
Varthana is a financial services company that partners with committed education entrepreneurs to enhance access to quality education for underprivileged communities. It offers tailored loans for infrastructure development, teacher training programs, and other educational initiatives in low-cost private schools.
Shubham Housing Development Finance Company
Series D in 2018
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company offers a range of financial products, including home loans, home improvement loans, and loans against property. As one of the pioneering organizations in India focused on serving urban low-income and informal income families, Shubham aims to facilitate home ownership by offering formal credit options to those typically excluded by traditional lending institutions. Its unique operating model emphasizes an interview-based approach to underwriting, allowing the company to gain a comprehensive understanding of customers' income and expense flows, rather than relying solely on conventional documentation.
Samunnati
Series C in 2018
Founded in 2014, Samunnati operates an open agri network in India, focusing on enhancing efficiency and inclusivity within agricultural value chains. It offers integrated financial intermediation, market linkages, aggregation support, and advisory services through a technology-enabled ecosystem, benefiting smallholder farmers, farmer collectives, and agri enterprises.
Kamatan Farm Tech
Seed Round in 2018
Kamatan Farm Tech Pvt Ltd is a New Delhi-based company, founded in 2017, that specializes in developing efficient agricultural supply chains for fresh produce in India. The company focuses on connecting farmers with buyers by sourcing produce directly from farmers and farmer producer organizations. It provides support to farmers in implementing best practices for production, harvesting, packaging, and transportation, ensuring they receive higher value for their products compared to traditional supply chains. Kamatan Farm Tech utilizes technology to minimize waste and inefficiencies while fostering transparent and value-driven relationships between producers and bulk buyers. By leveraging a comprehensive understanding of agricultural policy, farming practices, and logistics, the company ensures quality produce reaches the market efficiently, enhancing the overall value chain from farm gate to consumer.
Afluenta
Series B in 2017
Afluenta S.A. is a pioneering company based in Buenos Aires, Argentina, specializing in peer-to-peer lending and loans through its innovative online platform. Founded in 2008, Afluenta connects borrowers with lenders, allowing individuals and small to medium-sized enterprises (SMEs) to access loans at more competitive rates than those offered by traditional financial institutions. The platform not only provides borrowers with easier access to credit but also offers investors attractive yields on their funds. Afluenta operates in multiple countries across Latin America, including Argentina, Mexico, and Peru, with plans for future expansion into Colombia and Brazil. Its fully automated marketplace lending model features real-time credit assessment, risk scoring, and a secondary market where investors can trade loans, enhancing liquidity and efficiency in the lending process.
Nuvemshop
Series B in 2017
Nuvemshop provides entrepreneurs and SMBs with the tools to set up, manage, and promote their online businesses easily from any device.
With the suite of tools around payments, shipping, inventory management, and marketing provided by the company, owners are enabled to participate in the e-commerce market, ramp up their sales, reduce costs, and provide their end customers with a shopping experience.
In 2011, co-founders Alejandro Alfonso, Santiago Sosa, Jose Abuchaem, Martin Palombo, and Alejandro Vazquez established Nuvemshop in 2011.
LEAD
Series A in 2017
LEAD School, founded in 2012 and based in Mumbai, Maharashtra, India, provides comprehensive educational services through an integrated Edtech platform. The company aims to enhance learning for every child by leveraging technology to empower teachers. Its platform offers detailed lesson plans, audio-visual resources, and curriculum materials, facilitating collaboration among teachers, parents, and schools to achieve educational excellence. Additionally, LEAD School provides teacher training programs and a school management system, which collectively improve learning efficiency and promote standardized curricula, contributing to professional development in the education sector.
Samunnati
Series B in 2017
Founded in 2014, Samunnati operates an open agri network in India, focusing on enhancing efficiency and inclusivity within agricultural value chains. It offers integrated financial intermediation, market linkages, aggregation support, and advisory services through a technology-enabled ecosystem, benefiting smallholder farmers, farmer collectives, and agri enterprises.
CreditMantri
Series B in 2017
CreditMantri is an Indian digital platform that helps users manage their credit health. It provides personalized credit reports, tracks payment activities, offers credit improvement services, and facilitates loan applications based on individual credit profiles.
Airtm
Seed Round in 2017
Airtm Inc., established in 2015, operates an online platform enabling users worldwide to send, receive, and store money in U.S. dollars. The company connects users with certified cashiers who facilitate transactions, with Airtm Inc. earning a commission. Airtm Inc. is headquartered in Dover, Delaware, and its services are accessible via a web-based platform.
Indifi Technologies
Series B in 2016
Indifi Technologies is an Indian digital lending platform that connects small businesses with multiple lenders to secure debt financing. The platform employs automated data collection and analysis to assess creditworthiness, drawing insights from diverse data sources and industry context to identify low-risk, high-promise borrowers. By presenting loan options from a network of lenders, Indifi helps businesses obtain financing without collateral and supports lenders with lifecycle services such as marketing, CRM, loan monitoring, and payment management. The platform serves sectors including e-commerce, travel, hospitality, retail, and trading, supporting growth for small enterprises.
LivLush
Series A in 2016
LivLush, previously known as GreenAgTech, is an agritech company that specializes in optimizing the supply chain for fruits and vegetables in India. By directly connecting farmers with businesses in the hospitality and retail sectors, such as hotels, restaurants, cafes, and organized retail chains, LivLush aims to minimize the number of intermediaries involved in the distribution process. This direct approach not only enhances the quality of produce reaching consumers but also helps farmers receive fair prices for their products, thereby improving their income levels. The company operates a supply chain platform that efficiently delivers agricultural commodities shortly after harvesting, reducing wastage and ensuring that both suppliers and customers benefit from a streamlined process. With a focus on geographic expansion, LivLush is committed to enhancing the agricultural supply chain landscape in India.
Covalto
Convertible Note in 2016
Covalto is a Mexican financial services company that serves small and medium enterprises with credit, banking and analytics solutions. It offers a multi-product lending platform that provides agile and fair credit, factoring and leasing, complemented by a digital SME banking platform and a suite of business analytics tools. The company leverages digital tax, e-invoice and other financial data to underwrite and service SMes at scale, using credit models that emphasize overall business performance rather than relying solely on the owner's personal credit history. Covalto was founded in 2015 and is based in Mexico City. In 2021 it became the first fintech in Mexico to acquire a regulated bank, enabling expanded digital SME banking and services. The approach focuses on accessible credit that supports business growth through transparent, data-driven decisions.
Covalto
Seed Round in 2016
Covalto is a Mexican financial services company that serves small and medium enterprises with credit, banking and analytics solutions. It offers a multi-product lending platform that provides agile and fair credit, factoring and leasing, complemented by a digital SME banking platform and a suite of business analytics tools. The company leverages digital tax, e-invoice and other financial data to underwrite and service SMes at scale, using credit models that emphasize overall business performance rather than relying solely on the owner's personal credit history. Covalto was founded in 2015 and is based in Mexico City. In 2021 it became the first fintech in Mexico to acquire a regulated bank, enabling expanded digital SME banking and services. The approach focuses on accessible credit that supports business growth through transparent, data-driven decisions.
Varthana
Series B in 2016
Varthana is a financial services company that partners with committed education entrepreneurs to enhance access to quality education for underprivileged communities. It offers tailored loans for infrastructure development, teacher training programs, and other educational initiatives in low-cost private schools.
Afluenta
Series B in 2016
Afluenta S.A. is a pioneering company based in Buenos Aires, Argentina, specializing in peer-to-peer lending and loans through its innovative online platform. Founded in 2008, Afluenta connects borrowers with lenders, allowing individuals and small to medium-sized enterprises (SMEs) to access loans at more competitive rates than those offered by traditional financial institutions. The platform not only provides borrowers with easier access to credit but also offers investors attractive yields on their funds. Afluenta operates in multiple countries across Latin America, including Argentina, Mexico, and Peru, with plans for future expansion into Colombia and Brazil. Its fully automated marketplace lending model features real-time credit assessment, risk scoring, and a secondary market where investors can trade loans, enhancing liquidity and efficiency in the lending process.
SecureNow Insurance Broker
Venture Round in 2016
SecureNow Insurance Broker Private Limited is an insurance broking firm based in New Delhi, India, established in 2011. The company specializes in providing a wide range of insurance products and services, including life, health, and auto insurance, as well as general and commercial insurance options. SecureNow also offers specialized coverage such as professional indemnity, directors and officers liability, construction all risk, marine insurance, and employee compensation insurance. Additionally, the firm provides group health insurance plans with features like maternity coverage and provisions for pre-existing diseases. SecureNow is known for its commitment to delivering fair insurance options and collaborates closely with business leaders, including CEOs, CFOs, and HR executives, to tailor insurance solutions that meet their specific needs.
Indifi Technologies
Seed Round in 2015
Indifi Technologies is an Indian digital lending platform that connects small businesses with multiple lenders to secure debt financing. The platform employs automated data collection and analysis to assess creditworthiness, drawing insights from diverse data sources and industry context to identify low-risk, high-promise borrowers. By presenting loan options from a network of lenders, Indifi helps businesses obtain financing without collateral and supports lenders with lifecycle services such as marketing, CRM, loan monitoring, and payment management. The platform serves sectors including e-commerce, travel, hospitality, retail, and trading, supporting growth for small enterprises.
Vistaar
Series D in 2015
The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.
Samunnati
Series A in 2015
Founded in 2014, Samunnati operates an open agri network in India, focusing on enhancing efficiency and inclusivity within agricultural value chains. It offers integrated financial intermediation, market linkages, aggregation support, and advisory services through a technology-enabled ecosystem, benefiting smallholder farmers, farmer collectives, and agri enterprises.
CreditMantri
Series A in 2015
CreditMantri is an Indian digital platform that helps users manage their credit health. It provides personalized credit reports, tracks payment activities, offers credit improvement services, and facilitates loan applications based on individual credit profiles.
Ujjivan
Private Equity Round in 2015
Ujjivan Financial Services Limited, established in 2004, is a leading Indian financial services provider, headquartered in Bengaluru. It specializes in serving the economically active poor, offering a wide range of micro and rural finance products, housing, personal, vehicle, and institutional loans, along with group and individual insurance. As of 2020, it operated through 575 branches. In 2016, Ujjivan Small Finance Bank Limited was launched as a subsidiary, providing banking services including savings and loan products, mobile banking, debit cards, and insurance to unserved and underserved segments, with 575 banking outlets and 475 ATMs as of 2020. Both entities are committed to promoting financial inclusion in India.
Samunnati
Seed Round in 2015
Founded in 2014, Samunnati operates an open agri network in India, focusing on enhancing efficiency and inclusivity within agricultural value chains. It offers integrated financial intermediation, market linkages, aggregation support, and advisory services through a technology-enabled ecosystem, benefiting smallholder farmers, farmer collectives, and agri enterprises.
Varthana
Series A in 2014
Varthana is a financial services company that partners with committed education entrepreneurs to enhance access to quality education for underprivileged communities. It offers tailored loans for infrastructure development, teacher training programs, and other educational initiatives in low-cost private schools.
Shubham Housing Development Finance Company
Series C in 2014
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company offers a range of financial products, including home loans, home improvement loans, and loans against property. As one of the pioneering organizations in India focused on serving urban low-income and informal income families, Shubham aims to facilitate home ownership by offering formal credit options to those typically excluded by traditional lending institutions. Its unique operating model emphasizes an interview-based approach to underwriting, allowing the company to gain a comprehensive understanding of customers' income and expense flows, rather than relying solely on conventional documentation.
Vistaar
Series C in 2014
The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.
Shubham Housing Development Finance Company
Series B in 2012
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company offers a range of financial products, including home loans, home improvement loans, and loans against property. As one of the pioneering organizations in India focused on serving urban low-income and informal income families, Shubham aims to facilitate home ownership by offering formal credit options to those typically excluded by traditional lending institutions. Its unique operating model emphasizes an interview-based approach to underwriting, allowing the company to gain a comprehensive understanding of customers' income and expense flows, rather than relying solely on conventional documentation.
Vistaar
Series B in 2012
The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.
Vistaar Finance
Series B in 2012
Vistaar Finance designs and delivers customized loan products to small businesses, tailoring loan amounts and tenors to fit industry needs. The company focuses on dominant livelihoods in specific markets, including textiles and power looms, and provides non-banking financial services to attract mainstream capital and resources. By serving carefully chosen segments, it helps clients improve their economic output through strategic planning and credit support. Vistaar Finance was established in 2010 in Bengaluru, Karnataka, by Brahmanand Hegde.
Glocal Healthcare
Corporate Round in 2012
Glocal Healthcare is a company focused on transforming healthcare delivery through a technology-enabled platform that enhances accessibility and affordability, particularly in rural areas where traditional healthcare services are limited. It operates a network of hospitals that provide a range of services, including outpatient and inpatient care, emergency services, and obstetric care. Glocal also utilizes digital dispensaries and telemedicine, offering video consultations through its two applications, hellolyf and hellolyf Dr, available on Google Play. With 250 telemedicine and IoT-based digital clinics and 10 hospitals across India, Glocal Healthcare aims to ensure timely treatment and improve health outcomes for underserved populations.
Ujjivan
Venture Round in 2012
Ujjivan Financial Services Limited, established in 2004, is a leading Indian financial services provider, headquartered in Bengaluru. It specializes in serving the economically active poor, offering a wide range of micro and rural finance products, housing, personal, vehicle, and institutional loans, along with group and individual insurance. As of 2020, it operated through 575 branches. In 2016, Ujjivan Small Finance Bank Limited was launched as a subsidiary, providing banking services including savings and loan products, mobile banking, debit cards, and insurance to unserved and underserved segments, with 575 banking outlets and 475 ATMs as of 2020. Both entities are committed to promoting financial inclusion in India.
Glocal Healthcare
Seed Round in 2011
Glocal Healthcare is a company focused on transforming healthcare delivery through a technology-enabled platform that enhances accessibility and affordability, particularly in rural areas where traditional healthcare services are limited. It operates a network of hospitals that provide a range of services, including outpatient and inpatient care, emergency services, and obstetric care. Glocal also utilizes digital dispensaries and telemedicine, offering video consultations through its two applications, hellolyf and hellolyf Dr, available on Google Play. With 250 telemedicine and IoT-based digital clinics and 10 hospitals across India, Glocal Healthcare aims to ensure timely treatment and improve health outcomes for underserved populations.
GKN - GloboKasNet
Venture Round in 2010
GloboKasNet is a multibank payment network based in Peru. The company offers transaction, processing, and settlement services to low income urban and rural clients of banks, microfinance institutions and commercial wholesalers.
GloboKasNet was launched in 2007.
Swadhaar FinServe
Venture Round in 2010
Swadhaar FinServe, based in Mumbai, specializes in providing financial services to economically active poor individuals and businesses in urban and semi-urban areas. As a pioneer in individual lending within the Indian context, the company demonstrates that microcredit can be effectively delivered even in challenging urban environments. Swadhaar FinServe offers a range of services including individual loans, business loans, insurance, and financial education, aimed at empowering under-served households and micro-entrepreneurs. By addressing the financial needs of the urban poor, Swadhaar FinServe seeks to enhance financial security and help clients achieve their aspirations, ultimately creating a scalable lending methodology that can be replicated in other major cities. The company was established by the promoters of Swadhaar FinAccess, its associated non-profit organization.
Vistaar
Series A in 2010
The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.
Grama Vidiyal Micro Finance
Venture Round in 2009
Grama Vidiyal Microfinance is a prominent microfinance institution in Tamil Nadu, specifically operating in Trichy and Chennai. It specializes in providing small, collateral-free loans to women who lack access to formal credit. The organization is committed to empowering women from impoverished families by facilitating their inclusion in community networks and enhancing their social, economic, and political standing. In addition to its loan offerings, Grama Vidiyal also provides insurance services, supporting individuals in meeting their general, seasonal, and business financing needs. Through its focused approach to poverty alleviation, Grama Vidiyal aims to foster sustainable development within the communities it serves.
Ujjivan
Venture Round in 2008
Ujjivan Financial Services Limited, established in 2004, is a leading Indian financial services provider, headquartered in Bengaluru. It specializes in serving the economically active poor, offering a wide range of micro and rural finance products, housing, personal, vehicle, and institutional loans, along with group and individual insurance. As of 2020, it operated through 575 branches. In 2016, Ujjivan Small Finance Bank Limited was launched as a subsidiary, providing banking services including savings and loan products, mobile banking, debit cards, and insurance to unserved and underserved segments, with 575 banking outlets and 475 ATMs as of 2020. Both entities are committed to promoting financial inclusion in India.
Madura Microfinance
Venture Round in 2008
Madura Microfinance is a microfinance institution serving economically active rural women, primarily in Tamil Nadu. It provides unsecured microfinance loans to women self-help groups in rural and semi-urban areas, offering both individual and group loans. The organization enhances financial inclusion through knowledge and information services to help raise household and small business incomes for its clients across rural and semi-urban locations in Tamil Nadu, Maharashtra, Karnataka, Kerala, Bihar and Orissa.
Comat
Series C in 2008
Comat, established in 1996, focuses on providing information-based services to citizens in rural India, merging profitability with social welfare. The company aims to foster economic development in underserved markets through a range of services, including employability training, job creation, financial inclusion, and access to essential government services. Comat has developed a leadership position by effectively identifying and addressing the needs of rural populations, delivering its services via a network of Rural Business Centers. Additionally, Comat offers business consulting, technology integration, and support services to enhance operational efficiency for government, public, and private sector clients.
MokshaYug Access (MYA)
Venture Round in 2008
MokshaYug Access (MYA) is a supply chain solutions company focused on enhancing income certainty for rural producers, particularly in the agricultural sector. The company operates by establishing strong relationships with rural producers and implementing yield improvement programs that increase the quality of agricultural outputs. MYA also develops procurement and transportation infrastructure, effectively linking rural producers to urban consumers. Through these initiatives, the company aims to ensure that rural producers receive a fair share of the end consumer value, ultimately creating wealth and promoting sustainable economic growth in rural communities.
Bharat Financial Inclusion
Series C in 2008
Bharat Financial Inclusion Limited is a non-banking financial company and microfinance institution headquartered in Hyderabad, India. Founded in 1997 and formerly known as SKS Microfinance Limited, the company specializes in providing microfinance services primarily to women in rural areas, who are organized into Joint Liability Groups. It offers a range of financial products, including income generation, mid-term, and long-term loans to support small business ventures such as livestock raising, retail operations, and tailoring. Additionally, Bharat Financial Inclusion provides loans for essential household items like cook-stoves, solar lights, bicycles, and sewing machines. The company also distributes life insurance products to its members. As of March 31, 2018, Bharat Financial Inclusion operated 1,567 branches across India, serving a demographic that typically lacks access to traditional banking services.
Credex
Venture Round in 2006
Credex is a profit oriented microfinance institution dedicated to offering financial support for the economic and social development of those unserved by the traditional banking system. Credex targets low-income borrowers through individual productive loans in the poor urban and semi-urban areas and village banking in the rural areas of Mexico.
Samunnati
Founded in 2014, Samunnati operates an open agri network in India, focusing on enhancing efficiency and inclusivity within agricultural value chains. It offers integrated financial intermediation, market linkages, aggregation support, and advisory services through a technology-enabled ecosystem, benefiting smallholder farmers, farmer collectives, and agri enterprises.
CureBay
CureBay is a healthcare platform designed to enhance access to medical services through teleconsultation and a network of microsatellite centers. It enables healthcare providers to join its platform, facilitating connections between patients, particularly those in remote areas, and expert doctors. The platform offers a range of healthcare support services, allowing individuals to consult with medical professionals for their health concerns at a nominal cost. By bridging gaps in the healthcare system, CureBay aims to make quality healthcare accessible to everyone, regardless of their location.
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