FJ Labs

FJ Labs is a U.S.-based investment firm established in 2015 by Fabrice Grinda. The firm operates with a stage-agnostic approach, primarily targeting marketplaces and consumer-facing startups. FJ Labs focuses its investments on seed and Series A rounds, with a financial commitment ranging from $50,000 to $5,000,000. The firm has invested in a variety of notable companies, including Alibaba Group, beepi, BrightRoll, Betterment, and ADORE ME.

Matias Barbero

Investor

Zineb Belghiti

Associate

Camila Bustamante

Analyst

Andres Santos Cantu

Entrepreneur-in-Residence and Investor

Agapitos Diakogiannis

Entrepreneur-in-Residence and Investor

Nancy Dong

Entrepreneur-in-Residence and Investor

Vivian Graves

Entrepreneur-in-Residence and Investor

Fabrice Grinda

Founding Partner

William Guillouard

Venture Partner

Arne Halleraker

Partner

Mark Lurie

Venture Partner

Jose Marin

Founding Partner

Martin Pustilnick

Entrepreneur-in-Residence and Investor

Guimar Vaca Sittic

Venture Partner

Luke Skertich

Investor

Kelly Tully

Head of Platform / Investor

Jeff Weinstein

Partner

Andrea Xu

Entrepreneur-in-Residence and Investor

Past deals in Banks

NymCard

Venture Round in 2022
NymCard is a next generation issuer processor payment platform, which is reinventing payment cards through state-of-the-art infrastructure offered to banks and other financial institutions in Africa and the Middle East. We enables financial institutions to issue innovative digital payment products in regions that have historically dealt with extremely low penetration of payment cards. Utilizing powerful open API’s and Mobile SDK’s, our clients can now offer plastic, virtual, or tokenized cards to mobile end-users in as little as 8 weeks.

Koban

Pre Seed Round in 2022
Koban is a fintech company that aims to reduce complexity and revolutionize the way money works in Latam. The majority of Latin Americans that remain unbanked and the existing banking customers deserve a better choice. They offer their users digital financial services that are easy to use, innovative and accessible to move, transact, save and understand money all in a highly secure digital platform. In Koban they put customers first. They are passionate about empowering people’s financial lives through technology and design and driven by their mission to promote financial inclusion in their countries.

SAKS

Seed Round in 2022
Saks is assisting in the transformation of the way people save money. It provides accumulation plans and investment options in a model that incorporates recurrence, diversification, and tax advantages. They also serve as a marketplace for life and pension brokers.

Ledn

Series B in 2021
Ledn builds financial products with a mission to help more people save in digital assets. Ledn’s suite of products consists of Borrow - A bitcoin-backed loan which allows customers to access dollars without selling their bitcoin, B2X - Allowing clients to instantly double their bitcoin holdings through the use of a Ledn loan and Save - A bitcoin and USDC savings account that pays interest on bitcoin or USDC with no minimums. For more information visit ledn.io.

Juni

Series A in 2021
Juni Technology AB is a fintech company based in Göteborg, Sweden, that specializes in developing a Software-as-a-Service banking application and platform tailored for e-commerce and online marketing entrepreneurs. Founded in 2020, Juni aims to empower digital entrepreneurs by providing tools that enhance decision-making and facilitate business growth. The platform is designed to help users optimize their operations and leverage the opportunities within the digital commerce landscape.

Belvo

Series A in 2021
Belvo Technologies, Inc. is a financial technology company that has developed an open banking application programming interface (API) platform designed to facilitate access to banking and fiscal information. Founded in 2020 and based in Dover, Delaware, Belvo's platform enables businesses to retrieve various financial data, including bank account statements, historical transactions, account ownership details, and tax information. This developer-first API is aimed at enhancing the creation of more efficient and inclusive financial products in Latin America, streamlining the entire process from client registration to data retrieval.

bxblue

Series A in 2021
bxblue is a marketplace for personal loans in Brazil explicitly targeting pensioners and Government workers because they can they take loans secured by their guaranteed income. Because of that banks can deduct the payment directly from the paycheck, leading to an apr 10x lower than credit cards. Payroll secured loans are the most affordable personal loan in Brazil, and they represent 60% of the personal loans in the country. It is a 40bn dollar/year marke, completely offline. We are taking this entire market online.

Rapyd

Series D in 2021
Rapyd is a mobile financial network that makes the world’s favorite ways to pay and be paid instantly available through a single API and SDK. Its platform and API brings together local financial specialists from every corner of the world to make the 100s of ways people pay available around the world. It enables ecommerce merchants, gig platforms, challenger wallets, remittance platforms, online lenders, and even traditional banks to break free of their old infrastructure and limitations and create new mobile-friendly solutions.

Neo Financial

Series A in 2020
Credit card, rewards, and deposits all in one.

Conta Simples

Seed Round in 2020
A virtual bank, money transfer and P2P lending beyond the borders on the blockchain. Helping 100 of millions of bank and unbanked people in Latin to get access to the banking and lending system and also make a quick profit while lending to the people in their neighborhood with trust. The first quick approved microloans without any documentation. A network builds by people for people.

Finom

Seed Round in 2020
Finom combines digital business account benefits with multiple services to provide financial solutions for entrepreneurs, self-employed, and freelancers. It pulls together accounting, financial management, and banking functions for early-stage businesses and SMEs into one mobile-first product. Founded in 2019, Finom is headquartered in Amsterdam, The Netherlands.

SWAP

Seed Round in 2020
SWAP empowers companies to transform their financial operation with an innovative approach, technology, and business model. SWAP’s APIs offer clients end-to-end, white-label, financial solutions. Connected to them, its clients are able to develop complete financial ecosystems including pre-paid cards, digital wallets, financial services and further monetize their platform while expanding their core experience. It removes barriers and generates new business lines for companies, effectively creating internal fintech.

Aprila Bank

Series B in 2020
Aprila Bank ASA is a commercial banking institution based in Oslo, Norway, specializing in providing financial services to small and medium-sized enterprises (SMEs) and retail customers. Founded in 2018, the bank focuses on developing digital and automated financing solutions, including Aprila Invoice Sales, which allows for the immediate sale of invoices and is integrated with cloud-based accounting systems. With its API-based technology platform, Aprila connects with approximately 130,000 SMEs through partnerships with prominent ERP and accounting software providers, facilitating seamless financial transactions and improving access to funding for businesses in the Norwegian market.

Finom

Seed Round in 2020
Finom combines digital business account benefits with multiple services to provide financial solutions for entrepreneurs, self-employed, and freelancers. It pulls together accounting, financial management, and banking functions for early-stage businesses and SMEs into one mobile-first product. Founded in 2019, Finom is headquartered in Amsterdam, The Netherlands.

Silverbird

Pre Seed Round in 2020
Silverbird operates as a digital bank focused on facilitating international trade for small and medium-sized enterprises (SMEs). The company offers online banking services, global business accounts, and high-value cross-border payment solutions tailored for businesses engaged in global commerce. Utilizing advanced, data-driven know-your-client technology, Silverbird effectively onboards international SMEs, helping them become bankable in Europe and other markets. By collaborating with banks, regulators, payment networks, and trade finance firms, Silverbird aims to eliminate the complexities associated with international payments, thereby promoting smoother transactions and fostering growth in global trade. The platform collects and analyzes transactional data to verify legitimate businesses, ensuring secure and efficient international transfers between accounts.

Klar

Seed Round in 2019
Klar is a fintech company providing a mobile app and a debit card that has the benefits of a credit card. Using the Klar card rewards users with cash of up to 4% cash back for each purchase, not points without confusing conversions or expiration dates. Clients can also send and receive payments and collections money instantly to Klar accounts and other banks. The Klar card is linked to an app where users can see all their movements in real-time. Stefan Moller, Daniel Autrique, Jeronimo Riefkohl, and Gianluigi Davassi established the fintech company in Mexico City, Distrito Federal in 2018.

Clearco

Series A in 2018
Clearbanc provides growth capital for web-enabled businesses through its 20-minute term sheet. The company offers fast, affordable growth capital to eCommerce and B2B/SaaS companies. Its investments range from $10K - $10M and its portfolio spans small businesses across the United States, Canada, and the United Kingdom to some of the fastest-growing consumer brands. Launched in 2015, Clearbanc uses proprietary underwriting technology to offer more capital at quicker speeds and more flexible terms than other financing alternatives.

Cuenca

Seed Round in 2018
Cuenca is a FinTech company based in San Francisco, California, that specializes in providing digital financial services. Established in 2016, Cuenca operates a mobile-based application that facilitates various banking functions, including bill payments for utilities such as mobile, electricity, and water. In addition to bill payment services, the platform offers online banking features that enable users to securely deposit and withdraw funds, access savings accounts with competitive interest rates, and obtain loans tailored to their financial needs. This comprehensive digital approach allows users to manage their finances conveniently and efficiently.

Aprila Bank

Venture Round in 2017
Aprila Bank ASA is a commercial banking institution based in Oslo, Norway, specializing in providing financial services to small and medium-sized enterprises (SMEs) and retail customers. Founded in 2018, the bank focuses on developing digital and automated financing solutions, including Aprila Invoice Sales, which allows for the immediate sale of invoices and is integrated with cloud-based accounting systems. With its API-based technology platform, Aprila connects with approximately 130,000 SMEs through partnerships with prominent ERP and accounting software providers, facilitating seamless financial transactions and improving access to funding for businesses in the Norwegian market.

Archblock

Convertible Note in 2017
Archblock, formerly known as TrustToken, Inc., operates a platform for creating asset-backed tokens that facilitate global buying and selling. Founded in 2017 and headquartered in San Francisco, the company aims to provide a seamless way to tokenize various assets, enabling the conversion of physical assets like gold into digital tokens. Its flagship product, TrueUSD, is a stablecoin that can be redeemed on a 1-for-1 basis for US dollars. Archblock employs a team with diverse backgrounds from prestigious institutions and companies, including Stanford, UC Berkeley, and major financial and tech firms. The platform is designed to align incentives among participants while ensuring compliance with fiduciary standards and creating a transparent audit trail of asset management.

Aprila Bank

Venture Round in 2017
Aprila Bank ASA is a commercial banking institution based in Oslo, Norway, specializing in providing financial services to small and medium-sized enterprises (SMEs) and retail customers. Founded in 2018, the bank focuses on developing digital and automated financing solutions, including Aprila Invoice Sales, which allows for the immediate sale of invoices and is integrated with cloud-based accounting systems. With its API-based technology platform, Aprila connects with approximately 130,000 SMEs through partnerships with prominent ERP and accounting software providers, facilitating seamless financial transactions and improving access to funding for businesses in the Norwegian market.

Raisin

Series C in 2017
Raisin is a savings and investment marketplace that connects retail customers with banks looking to expand deposit reach. The company's goal is to provide savers the best interest rates. The company gives access to exclusive savings products from all over Europe. Raisin assures a smooth investment process and the simple management of investments with all of the partner banks via one single platform. Raisin was founded on 2012 and is headquartered in Berlin, Germany.

Klarna

Convertible Note in 2016
Klarna Bank AB, founded in 2005 and headquartered in Stockholm, Sweden, specializes in providing payment and shopping solutions for consumers and merchants both online and in-store across several countries, including Sweden, Germany, Austria, Switzerland, and Norway. The company offers a variety of payment options, such as card payments, direct banking, and innovative solutions like "buy now, pay later," which allows consumers to finance purchases interest-free over installments. Klarna's services extend to merchants, providing technology, credit risk management, and customer administration solutions to enhance their eCommerce capabilities. As a regulated bank, Klarna is recognized for its flexible payment solutions that empower shoppers to choose how and when they pay, thereby improving the overall shopping experience.

Avanza Bank

Debt Financing in 2013
Avanza Bank Holding AB is a Swedish online bank that specializes in providing a range of financial services, including online stock trading, investment savings, and various insurance products. Founded in 1999 and headquartered in Stockholm, the bank caters primarily to individual investors, professional traders, and corporate clients, offering services such as equities and fund trading, external and green mortgages, margin loans, and pension plans. Avanza is recognized for its low trading fees and a broad selection of investment options, including its unique no-fee mutual fund, Avanza Zero. The bank has earned a reputation for customer satisfaction, consistently ranking as one of Sweden's top banks for client contentment. Additionally, Avanza publishes financial news and independent advice through its website, Placera, and the weekly magazine, Börsveckan. With over 500,000 users and a significant presence in the market, Avanza aims to simplify banking and enhance financial futures for its customers.