Quona Capital

Quona Capital is a venture capital firm that invests in fintech companies in emerging markets, focusing on financial inclusion for underserved consumers and small and medium-sized enterprises. The firm backs startups developing financial products and services beyond microcredit, including alternative lending, remittances, insurance, prepaid services, and payments infrastructure, as well as software that enhances distribution, financial management, and online bill payments. It targets companies leveraging digital platforms to expand access to banking and financial services in Sub-Saharan Africa, India and Southeast Asia, and Latin America. Typical investments range from about 1 to 10 million. Founded in 2014 and based in Washington, DC, with additional offices in Bengaluru, Lima, Cape Town, and Mexico City, Quona Capital aims to fuel inclusive fintech and related adjacencies such as agriculture, healthcare, education, commerce, and mobility finance.

Kofoworola Agbaje

Vice President

Dan Bertoli

Partner

Satvik Bhanot

Investment Associate

Johan Bosini

Partner

Monica Brand Engel

Partner

Sheena Jain

Vice President

Varun Malhotra

Partner

Thomas Mulwa

Analyst

Ganesh Rengaswamy

Managing Partner

Jonathan Whittle

Managing Partner

Rafa de la Guia

Partner

Past deals in Retail Lending

Franq

Convertible Note in 2024
Franq is a Brazilian fintech that aggregates 50 financial institutions to distribute over 100 financial products and services through a network of 7,000 independent brokers, known as Personal Bankers. It operates as a multi-sided marketplace that enables banking professionals to offer a wide range of products to individuals and small and medium-sized enterprises, serving as a free, one-stop shop. The platform emphasizes the independence and autonomy of the independent professionals and provides clients with access to products from banks, fintechs and insurers so they can choose the options that best fit their needs.

Shivalik Small Finance Bank

Venture Round in 2024
Shivalik Small Finance Bank is a technology-driven retail bank focused on small and underserved segments, delivering digitally oriented, affordable products and a differentiated customer experience. It operates on a cloud-based architecture powered by Infosys Finacle Core Banking and Digital Banking Suite, enabling scalable online and mobile banking. The bank supports UPI, IMPS, NEFT/RTGS and is a direct member of the National Financial Switch. It serves a broad client base with over 4.5 lakh customers and 15,000 self-help groups, and operates through 31 branches and more than 250 banking agents across Uttar Pradesh, Madhya Pradesh, Delhi and Uttarakhand. The bank distributes insurance products as a corporate agent and collaborates with technology and insurance providers including Infosys EdgeVerve, FIS, Ctrl-S.

Addi

Venture Round in 2024
Addi is a technology company that provides consumer credit and point-of-sale financing solutions. Its application enables customers to apply for credit at the moment of purchase at partner retailers and to pay for purchases in interest-free installments, supporting affordable financing for shopping needs and expanding digital commerce.

NeoGrowth

Series D in 2022
NeoGrowth is a non-banking financial company based in Mumbai, Maharashtra, founded in 2011 by Dhruv Khaitan and Piyush Khaitan. The company specializes in providing financial solutions tailored to the needs of small and medium-sized businesses in India that engage in retail activities, including the sale of apparel, consumer electronics, footwear, handicrafts, and various services such as restaurants, beauty salons, and health centers. NeoGrowth offers term working capital loans and inventory financing against future credit and debit card sales, enabling merchants to access credit facilities with ease. Through its services, NeoGrowth aims to support the growth and operational needs of small businesses, facilitating their access to essential financial resources.

Shivalik Small Finance Bank

Venture Round in 2022
Shivalik Small Finance Bank is a technology-driven retail bank focused on small and underserved segments, delivering digitally oriented, affordable products and a differentiated customer experience. It operates on a cloud-based architecture powered by Infosys Finacle Core Banking and Digital Banking Suite, enabling scalable online and mobile banking. The bank supports UPI, IMPS, NEFT/RTGS and is a direct member of the National Financial Switch. It serves a broad client base with over 4.5 lakh customers and 15,000 self-help groups, and operates through 31 branches and more than 250 banking agents across Uttar Pradesh, Madhya Pradesh, Delhi and Uttarakhand. The bank distributes insurance products as a corporate agent and collaborates with technology and insurance providers including Infosys EdgeVerve, FIS, Ctrl-S.

Franq

Venture Round in 2022
Franq is a Brazilian fintech that aggregates 50 financial institutions to distribute over 100 financial products and services through a network of 7,000 independent brokers, known as Personal Bankers. It operates as a multi-sided marketplace that enables banking professionals to offer a wide range of products to individuals and small and medium-sized enterprises, serving as a free, one-stop shop. The platform emphasizes the independence and autonomy of the independent professionals and provides clients with access to products from banks, fintechs and insurers so they can choose the options that best fit their needs.

Fisdom

Series C in 2022
Fisdom is a prominent digital wealth platform in India that provides a diverse array of financial products and services tailored for retail and mass affluent customers. The company offers a comprehensive suite of options, including stocks, mutual funds, pension funds, sovereign bonds, insurance, and tax services, positioning itself as a one-stop solution for financial needs. Fisdom has transformed the wealthtech landscape by implementing a B2B2C distribution model through strategic partnerships with leading banks, granting it access to a vast customer base exceeding 400 million. The platform integrates seamlessly into the mobile banking applications of partner banks, enhancing user experience through a hybrid model that combines digital and assisted service options. With an active customer base of 1.2 million, a significant portion of which is from tier 2 and tier 3 cities, Fisdom has established itself as a key player in the financial services sector. The company's achievements have been recognized through various awards, underscoring its impact and innovation in the industry.

JULO

Series B in 2022
PT. Julo Teknologi Perdana operates a mobile application that offers affordable unsecured personal loans to smartphone users, primarily targeting the underbanked population in Indonesia. The platform connects borrowers with institutional lenders, facilitating a streamlined loan application process that allows users to submit personal documents digitally and receive funds within a day after successful verification. Utilizing machine learning, the company assesses borrowers' creditworthiness to determine interest rates and credit limits. JULO promotes responsible borrowing by rewarding positive behavior with cashback bonuses and offering lower interest rates for reliable customers. Founded in 2016 and based in South Jakarta, JULO aims to provide low-cost loan products while maintaining economic viability for its lending partners.

Klar

Series B in 2022
Klar is a digital platform offering deposit and credit services. It provides instant credit, no-commission cashback, and withdrawal services via a card and mobile app, presenting secure, low-cost alternatives to traditional credit services.

Addi

Series B in 2021
Addi is a technology company that provides consumer credit and point-of-sale financing solutions. Its application enables customers to apply for credit at the moment of purchase at partner retailers and to pay for purchases in interest-free installments, supporting affordable financing for shopping needs and expanding digital commerce.

Klar

Series B in 2021
Klar is a digital platform offering deposit and credit services. It provides instant credit, no-commission cashback, and withdrawal services via a card and mobile app, presenting secure, low-cost alternatives to traditional credit services.

Addi

Series B in 2021
Addi is a technology company that provides consumer credit and point-of-sale financing solutions. Its application enables customers to apply for credit at the moment of purchase at partner retailers and to pay for purchases in interest-free installments, supporting affordable financing for shopping needs and expanding digital commerce.

Fisdom

Series B in 2020
Fisdom is a prominent digital wealth platform in India that provides a diverse array of financial products and services tailored for retail and mass affluent customers. The company offers a comprehensive suite of options, including stocks, mutual funds, pension funds, sovereign bonds, insurance, and tax services, positioning itself as a one-stop solution for financial needs. Fisdom has transformed the wealthtech landscape by implementing a B2B2C distribution model through strategic partnerships with leading banks, granting it access to a vast customer base exceeding 400 million. The platform integrates seamlessly into the mobile banking applications of partner banks, enhancing user experience through a hybrid model that combines digital and assisted service options. With an active customer base of 1.2 million, a significant portion of which is from tier 2 and tier 3 cities, Fisdom has established itself as a key player in the financial services sector. The company's achievements have been recognized through various awards, underscoring its impact and innovation in the industry.

Klar

Series A in 2020
Klar is a digital platform offering deposit and credit services. It provides instant credit, no-commission cashback, and withdrawal services via a card and mobile app, presenting secure, low-cost alternatives to traditional credit services.

Addi

Series B in 2020
Addi is a technology company that provides consumer credit and point-of-sale financing solutions. Its application enables customers to apply for credit at the moment of purchase at partner retailers and to pay for purchases in interest-free installments, supporting affordable financing for shopping needs and expanding digital commerce.

Fisdom

Corporate Round in 2019
Fisdom is a prominent digital wealth platform in India that provides a diverse array of financial products and services tailored for retail and mass affluent customers. The company offers a comprehensive suite of options, including stocks, mutual funds, pension funds, sovereign bonds, insurance, and tax services, positioning itself as a one-stop solution for financial needs. Fisdom has transformed the wealthtech landscape by implementing a B2B2C distribution model through strategic partnerships with leading banks, granting it access to a vast customer base exceeding 400 million. The platform integrates seamlessly into the mobile banking applications of partner banks, enhancing user experience through a hybrid model that combines digital and assisted service options. With an active customer base of 1.2 million, a significant portion of which is from tier 2 and tier 3 cities, Fisdom has established itself as a key player in the financial services sector. The company's achievements have been recognized through various awards, underscoring its impact and innovation in the industry.

Klar

Seed Round in 2019
Klar is a digital platform offering deposit and credit services. It provides instant credit, no-commission cashback, and withdrawal services via a card and mobile app, presenting secure, low-cost alternatives to traditional credit services.

JULO

Series A in 2019
PT. Julo Teknologi Perdana operates a mobile application that offers affordable unsecured personal loans to smartphone users, primarily targeting the underbanked population in Indonesia. The platform connects borrowers with institutional lenders, facilitating a streamlined loan application process that allows users to submit personal documents digitally and receive funds within a day after successful verification. Utilizing machine learning, the company assesses borrowers' creditworthiness to determine interest rates and credit limits. JULO promotes responsible borrowing by rewarding positive behavior with cashback bonuses and offering lower interest rates for reliable customers. Founded in 2016 and based in South Jakarta, JULO aims to provide low-cost loan products while maintaining economic viability for its lending partners.

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.

NeoGrowth

Series D in 2018
NeoGrowth is a non-banking financial company based in Mumbai, Maharashtra, founded in 2011 by Dhruv Khaitan and Piyush Khaitan. The company specializes in providing financial solutions tailored to the needs of small and medium-sized businesses in India that engage in retail activities, including the sale of apparel, consumer electronics, footwear, handicrafts, and various services such as restaurants, beauty salons, and health centers. NeoGrowth offers term working capital loans and inventory financing against future credit and debit card sales, enabling merchants to access credit facilities with ease. Through its services, NeoGrowth aims to support the growth and operational needs of small businesses, facilitating their access to essential financial resources.

Fisdom

Series B in 2017
Fisdom is a prominent digital wealth platform in India that provides a diverse array of financial products and services tailored for retail and mass affluent customers. The company offers a comprehensive suite of options, including stocks, mutual funds, pension funds, sovereign bonds, insurance, and tax services, positioning itself as a one-stop solution for financial needs. Fisdom has transformed the wealthtech landscape by implementing a B2B2C distribution model through strategic partnerships with leading banks, granting it access to a vast customer base exceeding 400 million. The platform integrates seamlessly into the mobile banking applications of partner banks, enhancing user experience through a hybrid model that combines digital and assisted service options. With an active customer base of 1.2 million, a significant portion of which is from tier 2 and tier 3 cities, Fisdom has established itself as a key player in the financial services sector. The company's achievements have been recognized through various awards, underscoring its impact and innovation in the industry.

Konfio

Series B in 2017
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.

NeoGrowth

Series C in 2016
NeoGrowth is a non-banking financial company based in Mumbai, Maharashtra, founded in 2011 by Dhruv Khaitan and Piyush Khaitan. The company specializes in providing financial solutions tailored to the needs of small and medium-sized businesses in India that engage in retail activities, including the sale of apparel, consumer electronics, footwear, handicrafts, and various services such as restaurants, beauty salons, and health centers. NeoGrowth offers term working capital loans and inventory financing against future credit and debit card sales, enabling merchants to access credit facilities with ease. Through its services, NeoGrowth aims to support the growth and operational needs of small businesses, facilitating their access to essential financial resources.

Konfio

Series A in 2016
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.

NeoGrowth

Series C in 2015
NeoGrowth is a non-banking financial company based in Mumbai, Maharashtra, founded in 2011 by Dhruv Khaitan and Piyush Khaitan. The company specializes in providing financial solutions tailored to the needs of small and medium-sized businesses in India that engage in retail activities, including the sale of apparel, consumer electronics, footwear, handicrafts, and various services such as restaurants, beauty salons, and health centers. NeoGrowth offers term working capital loans and inventory financing against future credit and debit card sales, enabling merchants to access credit facilities with ease. Through its services, NeoGrowth aims to support the growth and operational needs of small businesses, facilitating their access to essential financial resources.
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