Elevar Equity
Elevar Equity, established in 2006, is a private equity and venture capital firm that invests in early-stage and growth equity opportunities. It focuses on emerging markets, particularly in South East Asia and Latin America, with a strong presence in India, Peru, Brazil, Indonesia, and the Philippines. Elevar Equity specializes in investing in companies that provide essential products and services, such as financial services, education, healthcare, and housing, to underserved communities at the base of the pyramid. It also invests in the Fintech sector, education and employability, market linkages, and MSMEs. The firm takes both minority and majority stakes in companies and considers long-term investments. Elevar Equity is headquartered in Seattle, Washington, with additional offices in San Francisco, Bangalore, Ebene, Bogota, and Mexico City.
Top Stages
Nilay Chandra
Investment Director
Past deals in Uruguay
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.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.