VEF

VEF is a Stockholm-based venture capital firm founded in 2015 that focuses on fintech companies in emerging markets. It invests in early and growth-stage startups, takes minority stakes, and provides active governance through board representation in portfolio companies. The firm aims to support innovative financial technology businesses across the emerging world, helping drive digital financial inclusion and efficiency as markets evolve.

Alexis Koumoudos

Chief Investment Officer

David Nangle

Managing Partner, CEO

50 past transactions

Gringo

Series C in 2023
Founded in 2019 by Juliano Dutra in Sao Paulo, Brazil, Gringo is a technology-driven company simplifying car ownership processes. It offers an application that streamlines buying, selling, financing, and insurance, while providing real-time alerts on vehicle-related tasks such as fines, taxes, and license expiration.

Mahaana

Pre Seed Round in 2022
Mahaana is Pakistan's first digital wealth manager, providing a platform for asset management that focuses on personalized financial growth. The company offers a range of money management services tailored to help clients achieve their retirement, education, and tax savings objectives. By facilitating investments in a diversified portfolio, Mahaana ensures that individuals' savings are strategically allocated according to their specific financial goals. This innovative approach to wealth management allows clients to effectively navigate their saving and investment journeys.

FinanZero

Venture Round in 2022
FinanZero is an online marketplace in Brazil that operates as an independent loan broker, connecting borrowers with banks and credit institutions to compare loans and secure favorable terms. The platform negotiates on behalf of customers, manages the end-to-end lending process, and leverages a network of more than 50 lending partners to help individuals and small businesses access credit. It provides a user-friendly experience with personalized support to simplify finding and obtaining loans and related financial products from various banks. Founded in 2015 and based in São Paulo, FinanZero focuses on delivering transparent access to credit through its marketplace.

Solfácil

Series C in 2022
Solfácil facilitates solar energy adoption by providing solar installers with comprehensive business support. This includes financial services for project financing, equipment sourcing, and advanced technology solutions.

Abhi

Series A in 2022
Abhi is a financial wellness platform based in Pakistan that enables employees to access a portion of their accrued wages as a salary advance. The service allows employees to withdraw funds into any bank account and supports on-demand payroll for employers, helping them pay staff timely and reduce HR and finance workload. The platform also offers features such as access to unpaid wages, invoice factoring and payroll processing, empowering employers with flexible wage payment options. Founded in 2021, Abhi seeks to redefine personal finance by giving workers more control over their earnings.

Gringo

Series B in 2022
Founded in 2019 by Juliano Dutra in Sao Paulo, Brazil, Gringo is a technology-driven company simplifying car ownership processes. It offers an application that streamlines buying, selling, financing, and insurance, while providing real-time alerts on vehicle-related tasks such as fines, taxes, and license expiration.

Creditas

Series F in 2022
Creditas is a financial technology company that operates a digital platform that offers secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles as collateral to offer loans. Sergio Furio founded BankFacil in 2012 that later became Creditas. It has its headquarters in São Paulo in Brazil.

Abhi

Seed Round in 2021
Abhi is a financial wellness platform based in Pakistan that enables employees to access a portion of their accrued wages as a salary advance. The service allows employees to withdraw funds into any bank account and supports on-demand payroll for employers, helping them pay staff timely and reduce HR and finance workload. The platform also offers features such as access to unpaid wages, invoice factoring and payroll processing, empowering employers with flexible wage payment options. Founded in 2021, Abhi seeks to redefine personal finance by giving workers more control over their earnings.

JUSPAY

Series C in 2021
Juspay Technologies Pvt Ltd. is a Bengaluru-based company, founded in 2012, that specializes in mobile payment solutions. It offers a suite of products, including JUSPAY SAFE, a mobile payments browser, and EXPRESS CHECKOUT, which enhances payment gateway performance. The company's online platform serves as a software-as-a-service layer over existing payment gateways, streamlining integration and improving the management of various payment options. This enables users to conduct electronic transactions securely and efficiently, catering to the evolving needs of mobile-based payments.

TransferGo

Series C in 2021
TransferGo is a global money transfer company that enables individuals and businesses to send money internationally through a digital account-to-account platform. Headquartered in London, it offers online transfers with same-day delivery to selected destinations and aims to provide economical rates compared with banks and cash bureaus. The service targets migrant workers sending funds home and businesses paying suppliers, charging a fixed transfer fee and a currency conversion margin per transaction.

Konfio

Series E in 2021
Konfio is a financial services platform in Mexico that provides online lending and payment solutions for micro, small, and medium-sized businesses. It offers working capital and short-term loans, fixed-rate loans, corporate cards, and online payments. The platform uses a data-driven approach with proprietary analytics to measure creditworthiness and extend affordable credit to businesses underserved by traditional banks, supporting growth and productivity.

BlackBuck

Series E in 2021
Founded in 2015, BlackBuck is India's leading digital platform for truck operators and shippers. It streamlines logistics by connecting these parties online, enabling efficient load matching, reliable transportation, and seamless transactions. With a robust technology platform, BlackBuck facilitates payments, insurance, and financial services, benefiting millions of truckers and shippers alike.

Konfio

Series E in 2021
Konfio is a financial services platform in Mexico that provides online lending and payment solutions for micro, small, and medium-sized businesses. It offers working capital and short-term loans, fixed-rate loans, corporate cards, and online payments. The platform uses a data-driven approach with proprietary analytics to measure creditworthiness and extend affordable credit to businesses underserved by traditional banks, supporting growth and productivity.

Abhi

Seed Round in 2021
Abhi is a financial wellness platform based in Pakistan that enables employees to access a portion of their accrued wages as a salary advance. The service allows employees to withdraw funds into any bank account and supports on-demand payroll for employers, helping them pay staff timely and reduce HR and finance workload. The platform also offers features such as access to unpaid wages, invoice factoring and payroll processing, empowering employers with flexible wage payment options. Founded in 2021, Abhi seeks to redefine personal finance by giving workers more control over their earnings.

Finja

Series A in 2021
Finja is a digital payments solutions provider based in Lahore, Pakistan, focused on delivering innovative financial services in emerging markets. Founded by experienced professionals from the tech and banking sectors, the company leverages over 40 years of expertise to drive digital transformation in the payments landscape. Finja's offerings include a digital payment platform that facilitates online money transactions, alongside services such as business process management and digital marketing campaigns. The company emphasizes retail-led marketing and merchandising, enhancing the user experience across various channels, including mobile and e-commerce. By building robust payment ecosystems, Finja aims to simplify money transfers and cash transactions for individuals and businesses alike.

FinanZero

Venture Round in 2021
FinanZero is an online marketplace in Brazil that operates as an independent loan broker, connecting borrowers with banks and credit institutions to compare loans and secure favorable terms. The platform negotiates on behalf of customers, manages the end-to-end lending process, and leverages a network of more than 50 lending partners to help individuals and small businesses access credit. It provides a user-friendly experience with personalized support to simplify finding and obtaining loans and related financial products from various banks. Founded in 2015 and based in São Paulo, FinanZero focuses on delivering transparent access to credit through its marketplace.

Rupeek

Funding Round in 2021
Rupeek is a financial services company that operates an online lending platform specializing in gold loans and personal loans. The platform is designed to provide consumers with simplified and affordable lending solutions, focusing on credit risk assessment. Rupeek aims to enhance financial inclusion by offering transparent and accessible financial products. Customers can apply for loans by submitting basic identity and address proof, which allows for quick document verification and efficient processing. This streamlined approach enables consumers to receive loan disbursements within an hour, making the borrowing experience faster and more convenient.

minu

Series A in 2021
minu is revolutionizing the financial health of Mexican employees, offering them access to their already worked salary when they need it, instead of having to wait for payroll. The company works with HR divisions of companies that offer the provision of minu to improve satisfaction, retention, and attraction of talent. minu is supported by FinTech's leading institutional investors globally, including QED.

Finja

Series A in 2020
Finja is a digital payments solutions provider based in Lahore, Pakistan, focused on delivering innovative financial services in emerging markets. Founded by experienced professionals from the tech and banking sectors, the company leverages over 40 years of expertise to drive digital transformation in the payments landscape. Finja's offerings include a digital payment platform that facilitates online money transactions, alongside services such as business process management and digital marketing campaigns. The company emphasizes retail-led marketing and merchandising, enhancing the user experience across various channels, including mobile and e-commerce. By building robust payment ecosystems, Finja aims to simplify money transfers and cash transactions for individuals and businesses alike.

Creditas

Series E in 2020
Creditas is a financial technology company that operates a digital platform that offers secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles as collateral to offer loans. Sergio Furio founded BankFacil in 2012 that later became Creditas. It has its headquarters in São Paulo in Brazil.

Magnetis

Series B in 2020
Magnetis Consultoria De Investimentos LTDA. is a financial services company based in São Paulo, Brazil, that focuses on providing a digital investment platform designed to assist individuals in building long-term investment plans. Founded in 2012, Magnetis offers consultation services tailored to various financial goals, including property acquisition, retirement planning, and wealth management. The company utilizes advanced algorithms to create diversified, low-cost portfolios that are optimized for each investor's profile. Clients can easily invest online and monitor their assets while relying on Magnetis to manage and adjust their investment strategies over time. Through its innovative approach, Magnetis aims to revolutionize financial planning and investment management for a wide range of customers.

TransferGo

Venture Round in 2020
TransferGo is a global money transfer company that enables individuals and businesses to send money internationally through a digital account-to-account platform. Headquartered in London, it offers online transfers with same-day delivery to selected destinations and aims to provide economical rates compared with banks and cash bureaus. The service targets migrant workers sending funds home and businesses paying suppliers, charging a fixed transfer fee and a currency conversion margin per transaction.

JUSPAY

Series B in 2020
Juspay Technologies Pvt Ltd. is a Bengaluru-based company, founded in 2012, that specializes in mobile payment solutions. It offers a suite of products, including JUSPAY SAFE, a mobile payments browser, and EXPRESS CHECKOUT, which enhances payment gateway performance. The company's online platform serves as a software-as-a-service layer over existing payment gateways, streamlining integration and improving the management of various payment options. This enables users to conduct electronic transactions securely and efficiently, catering to the evolving needs of mobile-based payments.

Konfio

Series D in 2019
Konfio is a financial services platform in Mexico that provides online lending and payment solutions for micro, small, and medium-sized businesses. It offers working capital and short-term loans, fixed-rate loans, corporate cards, and online payments. The platform uses a data-driven approach with proprietary analytics to measure creditworthiness and extend affordable credit to businesses underserved by traditional banks, supporting growth and productivity.

Finja

Convertible Note in 2019
Finja is a digital payments solutions provider based in Lahore, Pakistan, focused on delivering innovative financial services in emerging markets. Founded by experienced professionals from the tech and banking sectors, the company leverages over 40 years of expertise to drive digital transformation in the payments landscape. Finja's offerings include a digital payment platform that facilitates online money transactions, alongside services such as business process management and digital marketing campaigns. The company emphasizes retail-led marketing and merchandising, enhancing the user experience across various channels, including mobile and e-commerce. By building robust payment ecosystems, Finja aims to simplify money transfers and cash transactions for individuals and businesses alike.

Xerpa

Series B in 2019
Xerpa Ltd. is a technology company based in São Paulo, Brazil, established in 2015 by founders Paulo Ahagon and Nicholas Reise. The company specializes in developing a cloud-based solution that automates human resource management, payroll, and benefits administration for employees. Its flagship product, Sherpa, allows businesses to efficiently record and manage documents and data related to employee leaves, absenteeism, and benefits. By streamlining manual tasks such as ordering prints and creating registration forms, Xerpa aims to enhance operational efficiency in human resource management across various organizations.

Creditas

Series D in 2019
Creditas is a financial technology company that operates a digital platform that offers secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles as collateral to offer loans. Sergio Furio founded BankFacil in 2012 that later became Creditas. It has its headquarters in São Paulo in Brazil.

TransferGo

Series B in 2019
TransferGo is a global money transfer company that enables individuals and businesses to send money internationally through a digital account-to-account platform. Headquartered in London, it offers online transfers with same-day delivery to selected destinations and aims to provide economical rates compared with banks and cash bureaus. The service targets migrant workers sending funds home and businesses paying suppliers, charging a fixed transfer fee and a currency conversion margin per transaction.

FinanZero

Series B in 2019
FinanZero is an online marketplace in Brazil that operates as an independent loan broker, connecting borrowers with banks and credit institutions to compare loans and secure favorable terms. The platform negotiates on behalf of customers, manages the end-to-end lending process, and leverages a network of more than 50 lending partners to help individuals and small businesses access credit. It provides a user-friendly experience with personalized support to simplify finding and obtaining loans and related financial products from various banks. Founded in 2015 and based in São Paulo, FinanZero focuses on delivering transparent access to credit through its marketplace.

TransferGo

Series B in 2018
TransferGo is a global money transfer company that enables individuals and businesses to send money internationally through a digital account-to-account platform. Headquartered in London, it offers online transfers with same-day delivery to selected destinations and aims to provide economical rates compared with banks and cash bureaus. The service targets migrant workers sending funds home and businesses paying suppliers, charging a fixed transfer fee and a currency conversion margin per transaction.

JUMO

Venture Round in 2018
JUMO is a fintech company that empowers partners to offer loans, savings, and financial services. It leverages artificial intelligence and machine learning to assess creditworthiness and build financial products tailored for customers in emerging markets.

JUMO

Series B in 2018
JUMO is a fintech company that empowers partners to offer loans, savings, and financial services. It leverages artificial intelligence and machine learning to assess creditworthiness and build financial products tailored for customers in emerging markets.

Konfio

Series C in 2018
Konfio is a financial services platform in Mexico that provides online lending and payment solutions for micro, small, and medium-sized businesses. It offers working capital and short-term loans, fixed-rate loans, corporate cards, and online payments. The platform uses a data-driven approach with proprietary analytics to measure creditworthiness and extend affordable credit to businesses underserved by traditional banks, supporting growth and productivity.

TransferGo

Series B in 2018
TransferGo is a global money transfer company that enables individuals and businesses to send money internationally through a digital account-to-account platform. Headquartered in London, it offers online transfers with same-day delivery to selected destinations and aims to provide economical rates compared with banks and cash bureaus. The service targets migrant workers sending funds home and businesses paying suppliers, charging a fixed transfer fee and a currency conversion margin per transaction.

Mokka

Funding Round in 2018
Mokka is a prominent fintech company that focuses on providing buy now, pay later solutions tailored for both online and traditional merchants. Operating primarily in Central and Eastern Europe, specifically in Poland, Romania, and Bulgaria, Mokka offers innovative financial services designed to enhance the purchasing experience for consumers while enabling merchants to increase their sales through flexible payment options. The company's microfinance initiatives also support fundraising and loan services, making it a versatile player in the financial technology landscape. With its commitment to facilitating consumer access to credit and empowering businesses, Mokka positions itself at the forefront of the evolving digital payment ecosystem.

Magnetis

Series A in 2018
Magnetis Consultoria De Investimentos LTDA. is a financial services company based in São Paulo, Brazil, that focuses on providing a digital investment platform designed to assist individuals in building long-term investment plans. Founded in 2012, Magnetis offers consultation services tailored to various financial goals, including property acquisition, retirement planning, and wealth management. The company utilizes advanced algorithms to create diversified, low-cost portfolios that are optimized for each investor's profile. Clients can easily invest online and monitor their assets while relying on Magnetis to manage and adjust their investment strategies over time. Through its innovative approach, Magnetis aims to revolutionize financial planning and investment management for a wide range of customers.

FinanZero

Series A in 2018
FinanZero is an online marketplace in Brazil that operates as an independent loan broker, connecting borrowers with banks and credit institutions to compare loans and secure favorable terms. The platform negotiates on behalf of customers, manages the end-to-end lending process, and leverages a network of more than 50 lending partners to help individuals and small businesses access credit. It provides a user-friendly experience with personalized support to simplify finding and obtaining loans and related financial products from various banks. Founded in 2015 and based in São Paulo, FinanZero focuses on delivering transparent access to credit through its marketplace.

Creditas

Series C in 2017
Creditas is a financial technology company that operates a digital platform that offers secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles as collateral to offer loans. Sergio Furio founded BankFacil in 2012 that later became Creditas. It has its headquarters in São Paulo in Brazil.

Guiabolso

Series D in 2017
Guiabolso is a Brazilian fintech company founded in 2014 by Thiago Alvarez and Benjamin Gleason, aimed at transforming the financial landscape through innovative technology and Open Banking solutions. With a user base of 6 million, Guiabolso offers an application that consolidates financial management, automates budgeting, and provides a curated marketplace for financial products. The platform enhances users' financial well-being by facilitating informed choices through unique segmenting and scoring capabilities. Additionally, Guiabolso stands out as the only company in Brazil with a fully operational end-to-end Open Banking solution tailored for B2B clients, offering advanced analytics and personal financial management features. By leveraging open data access, Guiabolso seeks to improve the financial lives of consumers and provide valuable insights to its corporate partners.

Finja

Series A in 2017
Finja is a digital payments solutions provider based in Lahore, Pakistan, focused on delivering innovative financial services in emerging markets. Founded by experienced professionals from the tech and banking sectors, the company leverages over 40 years of expertise to drive digital transformation in the payments landscape. Finja's offerings include a digital payment platform that facilitates online money transactions, alongside services such as business process management and digital marketing campaigns. The company emphasizes retail-led marketing and merchandising, enhancing the user experience across various channels, including mobile and e-commerce. By building robust payment ecosystems, Finja aims to simplify money transfers and cash transactions for individuals and businesses alike.

TransferGo

Series B in 2017
TransferGo is a global money transfer company that enables individuals and businesses to send money internationally through a digital account-to-account platform. Headquartered in London, it offers online transfers with same-day delivery to selected destinations and aims to provide economical rates compared with banks and cash bureaus. The service targets migrant workers sending funds home and businesses paying suppliers, charging a fixed transfer fee and a currency conversion margin per transaction.

Nibo

Series A in 2017
Nibo is a Brazilian company founded in 2012 by Gabriel Gaspar, Sabrina Gallier, and Sergio Postarek, headquartered in Rio de Janeiro. It specializes in developing online financial management software tailored for small and medium-sized businesses. The company's software simplifies and enhances the efficiency of accounting processes, facilitating the tracking of cash flows, organizing accounts payable and receivable, and automating collections. By providing these tools, Nibo enables enterprises and accountants to effectively manage their finances and monitor their overall financial health.

Sorsdata

Venture Round in 2017
Sorsdata OOO is a Moscow-based company that specializes in consumer marketing and analytics. The firm utilizes proprietary data and advanced analytics to assist Russian merchants in enhancing customer communication, fostering loyalty, and improving overall store performance. By leveraging its unique insights, Sorsdata aims to optimize the retail experience for both businesses and consumers.

Mokka

Series B in 2017
Mokka is a prominent fintech company that focuses on providing buy now, pay later solutions tailored for both online and traditional merchants. Operating primarily in Central and Eastern Europe, specifically in Poland, Romania, and Bulgaria, Mokka offers innovative financial services designed to enhance the purchasing experience for consumers while enabling merchants to increase their sales through flexible payment options. The company's microfinance initiatives also support fundraising and loan services, making it a versatile player in the financial technology landscape. With its commitment to facilitating consumer access to credit and empowering businesses, Mokka positions itself at the forefront of the evolving digital payment ecosystem.

iyzico

Series C in 2017
iyzico is a payments technology company that provides a secure online payment platform for merchants of varying sizes across industries. Its platform offers multiple options and value-added features, including iyziPos, a secure virtual POS with automated fraud prevention and broad bank integrations; iyziBazaar for managing marketplace payments; and iyziLink for pay-by-link checkout, complemented by Buyer Protection for a safer shopping experience. It also supports recurring payments, BIN control, one-click payments, installments, and bank transfers, enabling merchants to start processing payments quickly—often on the same day as integration—through a single system. The company focuses on simplifying payment acceptance across web and mobile channels, helping businesses streamline payments, reduce fraud risk, and improve checkout experiences in both direct and marketplace sales.

Finja

Seed Round in 2016
Finja is a digital payments solutions provider based in Lahore, Pakistan, focused on delivering innovative financial services in emerging markets. Founded by experienced professionals from the tech and banking sectors, the company leverages over 40 years of expertise to drive digital transformation in the payments landscape. Finja's offerings include a digital payment platform that facilitates online money transactions, alongside services such as business process management and digital marketing campaigns. The company emphasizes retail-led marketing and merchandising, enhancing the user experience across various channels, including mobile and e-commerce. By building robust payment ecosystems, Finja aims to simplify money transfers and cash transactions for individuals and businesses alike.

TransferGo

Series A in 2016
TransferGo is a global money transfer company that enables individuals and businesses to send money internationally through a digital account-to-account platform. Headquartered in London, it offers online transfers with same-day delivery to selected destinations and aims to provide economical rates compared with banks and cash bureaus. The service targets migrant workers sending funds home and businesses paying suppliers, charging a fixed transfer fee and a currency conversion margin per transaction.

FinanZero

Seed Round in 2016
FinanZero is an online marketplace in Brazil that operates as an independent loan broker, connecting borrowers with banks and credit institutions to compare loans and secure favorable terms. The platform negotiates on behalf of customers, manages the end-to-end lending process, and leverages a network of more than 50 lending partners to help individuals and small businesses access credit. It provides a user-friendly experience with personalized support to simplify finding and obtaining loans and related financial products from various banks. Founded in 2015 and based in São Paulo, FinanZero focuses on delivering transparent access to credit through its marketplace.

Mokka

Funding Round in 2015
Mokka is a prominent fintech company that focuses on providing buy now, pay later solutions tailored for both online and traditional merchants. Operating primarily in Central and Eastern Europe, specifically in Poland, Romania, and Bulgaria, Mokka offers innovative financial services designed to enhance the purchasing experience for consumers while enabling merchants to increase their sales through flexible payment options. The company's microfinance initiatives also support fundraising and loan services, making it a versatile player in the financial technology landscape. With its commitment to facilitating consumer access to credit and empowering businesses, Mokka positions itself at the forefront of the evolving digital payment ecosystem.

Mokka

Series A in 2015
Mokka is a prominent fintech company that focuses on providing buy now, pay later solutions tailored for both online and traditional merchants. Operating primarily in Central and Eastern Europe, specifically in Poland, Romania, and Bulgaria, Mokka offers innovative financial services designed to enhance the purchasing experience for consumers while enabling merchants to increase their sales through flexible payment options. The company's microfinance initiatives also support fundraising and loan services, making it a versatile player in the financial technology landscape. With its commitment to facilitating consumer access to credit and empowering businesses, Mokka positions itself at the forefront of the evolving digital payment ecosystem.
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