We invest in great companies, back our best companies harder and watch them compound – portfolio concentration is a goal not a risk.
Creditas is Latin America’s leading digital lending company with a focus on leveraging collateral to offer loans to consumers at more affordable rates.
Brazilian consumers pay some of the highest interest rates in the world, with average unsecured loan rates comfortably north of 100%. Secured lending remains very under penetrated with 70% of all homes and cars, valued north of $3tln, owned debt free – this is Creditas opportunity space. Creditas recently expanded the model into Mexico.
Konfío builds digital banking and software tools to boost SME growth and productivity in Mexico.
Over 7 mln Mexican SMEs continue to be underserved by traditional banks with poor access to financial services – only 3 out of 10 have access to formal credit.
With a credit-first approach, leveraging off central government digital invoice data, Konfio has become the go to house for small business credit in Mexico. More recently it has broadened its product suite to include credit as a service to some of Mexico’s largest FMCGs, and launched Kompás, a cloud-based tool that helps companies understand their financial and credit history.
A full financial services offering for Mexico’s SME base is the roadmap from here.
TransferGo is a rapidly growing, low-cost, digital money transfer business.
Global remittance volume is USD 670 bln+ annually and growing. Within this, digital transfers are becoming increasingly prominent. TransferGo is a leader in their segment of focus, blue-collar migrant workers across European flow corridors, while continuing to expand their product suite to include small business cross border flows and remittance as a service.
Nibo is the leading accounting SaaS provider in Brazil, transforming the way accountants and SMEs interact in one of the most complex and regulated accounting and tax environments in the world.
The Nibo platform uses technology to offer a suite of financial management tools to accountants and SMEs, including accounts and bank reconciliation, payment of bills, cash flow projection tools and issuance of invoices and boletos, empowering accountants to better and more profitably serve their customers and cross-sell additional value-added services.
The most recent addition to the VEF portfolio, Juspay is one of India’s leading payment companies.
India has one of the most advanced and complex electronic payment infrastructures globally and was an early mover on mandatory two factor authentication. This has resulted in friction and challenges unique to India which Juspay has been solving for some of India’s largest merchants and banks.
Juspay has created a unifying layer of products and value-added services that improves conversion rates for merchants and other stakeholders in the payment value chain. Juspay has had more than 200 mln downloads of its SDK and facilitates more than USD 10 bln of annualised payment volume for some of India’s largest merchants including Amazon, Flipkart, Uber, Swiggy, Ola and Cred.
REVO provides buy now pay later financing solutions for customers in Russia and CEE.
REVO works with leading merchants, both online and offline, to provide point-of-sale financing options to their customers, allowing them to buy now and pay later. REVO’s numerous scale merchant partners in categories such as apparel, sporting goods, travel, and electronics benefit from increased customer conversion and basket upsize via their solution.
FinanZero is a digital marketplace for consumer loans in Brazil.
Acting as an independent broker, FinanZero negotiates the customer’s loan with several banks and credit institutions at once to find the loan with the best interest rate and terms for the consumer. FinanZero handles the lending process from start to finish, with the customer and the bank fully integrated into their digital platform.
Guiabolso is a personal finance management platform with the mission of transforming the financial wellbeing of consumers in Brazil.
Leveraging its proprietary bank data aggregation technology to consumer’s financial information, Guiabolso simplifies their customer’s financial profiles. This allows users to better understand their finances and keep track of their budgets while Guiabolso then offers a wide range of more appropriate financial products, spanning from credit reports through to investment products and credit cards via their financial services marketplace.
JUMO provides inclusive financial services to unbanked consumers and SMEs across Africa and frontier markets.
JUMO partners with banks and MNOs through their tech-enabled platform to give customers access to savings, loans and insurance products via their mobile phone, in key mobile money markets of Africa and beyond, where millions are excluded from or underserved by the traditional financial system. Since its launch in 2014, more than 17 mln people have saved or borrowed on the JUMO platform, with over USD 2.5 bln in funds disbursed.
Magnetis is a Brazilian digital investment advisor which democratises access to affordable and easy-to-use investment management, offering customers a simple, digital tool to manage their wealth.
Using state-of-the-art technology, the product takes the individual’s risk preferences into account, then builds and manages a tailored portfolio of money market, insured fixed income, hedge funds and equity ETFs at the click of a button.
Given the deep pool of wealth, high levels of consumer technology adoption, large existing revenue pool and lack of financial market literacy, Brazil represents one of the largest addressable markets for digital wealth management globally.
Xerpa is a HR software provider for corporates in Brazil, offering tools for recruitment, onboarding and offboarding, performance evaluation and payroll management and lending.
Xerpa is a Brazilian HR and payroll lending platform. Xerpa’s salary-on-demand product, Xerpay, allows employees to access their already earned wages, instantly and at any time, similar to Wagestream in the UK. Brazil has long suffered from some of the highest interest rates globally, poor financial inclusion and 60% of workers struggle to make their paycheck last the month. Through Xerpay, employees gain instant financial security and thus can avoid the cumulative spiral of debt, defaults and penalties caused by overdraft and credit card revolvers commonly used when workers cannot access their earnings between pay cycles.
Finja is a digital lending platform focused on the financial wellness of businesses and their employees in Pakistan.
Through the SimSim brand, Finja offers working capital and supply chain loans to small businesses, and personal and payroll-backed loans to salaried professionals. Operating through various partnerships and data sources, Finja aims to promote the financial wellness of both businesses and consumers and gradually transition Pakistan to a cashless society.
iyzico facilitates the online shopping experience by providing secure payments solutions to both buyers and sellers in Turkey.
Founded in 2013, iyzico is based in Turkey and is now part of PayU, the fintech group of Naspers.
Tinkoff Bank is the largest independent digital bank in the world, providing innovative online retail financial services through its high-tech branchless platform to customers in Russia.
Founded in 2006, Tinkoff Bank is based in Russia and is part of London-listed TCS Group Holding PLC.