Quona Capital Management Ltd. is a venture capital firm established in 2014, headquartered in Washington, D.C., with additional offices in Bengaluru, Lima, Cape Town, and Mexico City. The firm specializes in early to growth stage investments in the fintech sector, focusing on disruptive innovations that enhance financial inclusion in emerging markets, particularly in Africa, Latin America, and Asia. Quona Capital targets companies that provide a range of financial products and services, including alternative lending, remittances, insurance, and payment solutions. The firm emphasizes investments that improve access to financial services for underserved consumers and small to medium enterprises (SMEs). Its investment strategy also encompasses adjacent sectors such as agriculture, health, education, and mobility. Quona Capital typically invests between $1 million and $10 million, supporting entrepreneurs dedicated to creating innovative financial solutions.
Finkargo is a financial service company that provides a trade financing platform for SMEs. The company is enabling small and medium-sized companies to grow their operations using logistical and technological support. It offers fair pricing and works with logistic guarantees, aligned with their business realities. Finkargo was founded in 2021 and is based in Bogota, Colombia.
Shivalik Small Finance Bank
Venture Round in 2024
Shivalik Small Finance Bank is a technology-driven financial institution that focuses on serving small and underserved segments of the population. It utilizes a cloud-based architecture powered by Infosys Finacle for its core and digital banking, enabling efficient management and growth. The bank offers a range of retail banking services, including access to all major retail payment platforms such as UPI, IMPS, and NEFT/RTGS. With a customer base exceeding 450,000, including 15,000 self-help groups, Shivalik operates 31 branches and over 250 banking agents across Uttar Pradesh, Madhya Pradesh, Delhi, and Uttarakhand. As of March 31, 2021, the bank reported total deposits of Rs 1,245 Crores and total advances of Rs 805 Crores. Additionally, Shivalik serves as a corporate agent for various insurance products, partnering with well-known insurance providers to enhance its service offerings.
Finkargo
Series A in 2023
Finkargo is a financial service company that provides a trade financing platform for SMEs. The company is enabling small and medium-sized companies to grow their operations using logistical and technological support. It offers fair pricing and works with logistic guarantees, aligned with their business realities. Finkargo was founded in 2021 and is based in Bogota, Colombia.
Onsurity
Series B in 2023
Onsurity is a healthcare platform focused on enhancing employee wellness for small and medium-sized enterprises (SMEs) and startups. It offers a monthly healthcare membership that includes group health insurance, as well as various technology-driven services such as discounts on medicine orders, health check-ups, fitness rewards, and doctor teleconsultation. By integrating these services, Onsurity aims to simplify health tech and employee benefits, providing businesses with effective alternatives to support the health and well-being of their teams.
Lulalend
Series B in 2023
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!
NeoGrowth
Series D in 2022
Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.
Shivalik Small Finance Bank
Venture Round in 2022
Shivalik Small Finance Bank is a technology-driven financial institution that focuses on serving small and underserved segments of the population. It utilizes a cloud-based architecture powered by Infosys Finacle for its core and digital banking, enabling efficient management and growth. The bank offers a range of retail banking services, including access to all major retail payment platforms such as UPI, IMPS, and NEFT/RTGS. With a customer base exceeding 450,000, including 15,000 self-help groups, Shivalik operates 31 branches and over 250 banking agents across Uttar Pradesh, Madhya Pradesh, Delhi, and Uttarakhand. As of March 31, 2021, the bank reported total deposits of Rs 1,245 Crores and total advances of Rs 805 Crores. Additionally, Shivalik serves as a corporate agent for various insurance products, partnering with well-known insurance providers to enhance its service offerings.
FRANQ
Venture Round in 2022
FRANQ is a Brazilian fintech company that operates a financial platform connecting individuals and small to medium-sized enterprises with a diverse range of financial products and services. The platform aggregates offerings from 50 financial institutions and distributes them through a network of 7,000 independent brokers, known as Personal Bankers. This multi-sided marketplace allows banking professionals to serve as one-stop shops for their clients, providing access to over 100 financial products at no cost to consumers. By ensuring the independence of these self-employed bankers and investment advisors, FRANQ promotes transparency and choice in the financial market, enabling clients to select products that best meet their needs.
Majoo
Series A in 2022
Majoo is a Software-as-a-Service provider based in Jakarta, Indonesia, focused on delivering solutions for small and medium-sized enterprises (SMEs). Founded in 2019, the company offers a platform that connects SMEs to a vast digital ecosystem, enabling them to enhance their sales and expand their customer reach. Through its digital applications, Majoo aims to facilitate business improvement and growth for SMEs, fostering entrepreneurship and contributing to the acceleration of the digital economy.
Sava
Pre Seed Round in 2022
Sava is a multi-management platform that specializes in spend management for businesses. It offers an unlimited number of virtual cards, facilitating streamlined control over business expenditures. The platform employs advanced accounting software to categorize transactions and automate the reconciliation process, ensuring that companies maintain precise oversight of their financial activities. By providing these tools, Sava enables businesses to effectively manage their spending and supports their growth with the necessary financial resources.
Destaxa
Seed Round in 2022
Destaxa is an integrated financial management platform that assists small and medium-sized entrepreneurs in efficiently managing their business transactions. The platform simplifies interactions with credit card machines by auditing transactions, optimizing fees, and recovering amounts due, allowing clients to focus on their core business activities. Destaxa's technology enables merchants to work seamlessly with multiple payment acquirers, providing automatic routing solutions to identify cost-effective payment methods for each transaction. With a commitment to transparency and confidence, the platform eliminates the need for manual processes such as Excel spreadsheets, reducing bureaucracy and uncertainty. Destaxa offers an automatic, practical, and secure solution that is free for its users.
mewt
Seed Round in 2022
Mewt is a fintech company that helps simplify business banking for MSMEs by unifying accounts offered by state-run banks, private banks, and neo banks under one account. Mewt allows businesses to make fast transfers and accept payments with no delays on proprietary QR code. Mewt was founded in 2021 and is located in Bangalore, India.
Finkargo
Seed Round in 2022
Finkargo is a financial service company that provides a trade financing platform for SMEs. The company is enabling small and medium-sized companies to grow their operations using logistical and technological support. It offers fair pricing and works with logistic guarantees, aligned with their business realities. Finkargo was founded in 2021 and is based in Bogota, Colombia.
Majoo
Seed Round in 2022
Majoo is a Software-as-a-Service provider based in Jakarta, Indonesia, focused on delivering solutions for small and medium-sized enterprises (SMEs). Founded in 2019, the company offers a platform that connects SMEs to a vast digital ecosystem, enabling them to enhance their sales and expand their customer reach. Through its digital applications, Majoo aims to facilitate business improvement and growth for SMEs, fostering entrepreneurship and contributing to the acceleration of the digital economy.
Rupifi
Series A in 2022
Rupifi is a digital B2B platform based in Bengaluru, India, that provides financial solutions tailored for small and medium enterprises. Founded in 2020 by Ankit Singh, Anubhav Jain, and Jawaid Iqbal, the company focuses on offering loans, working capital, and payment services that are designed to enhance financial management for businesses. Rupifi utilizes credit scoring to facilitate fast and scalable B2B credit, enabling companies to access flexible payment methods, including a buy now pay later service with automated reconciliations. This approach aims to empower small businesses in managing their finances more effectively.
Ula
Series B in 2021
Ula is a technology-driven marketplace application based in Jakarta, Indonesia, focused on modernizing distribution and credit for micro, small, and medium enterprises. Founded in 2020, the company offers a B2B platform that allows small retailers to efficiently manage their inventory and supply chain. Ula provides a wide assortment of products at competitive prices, alongside favorable payment terms, enabling store owners to stock only what they need while also accessing essential working capital. By leveraging technology, Ula aims to address significant challenges in the retail sector, enhancing the competitiveness of small retailers and helping them improve their profit margins and overall business growth. In addition to its headquarters in Jakarta, Ula has offices in Bengaluru, India, and Singapore.
Onsurity
Series A in 2021
Onsurity is a healthcare platform focused on enhancing employee wellness for small and medium-sized enterprises (SMEs) and startups. It offers a monthly healthcare membership that includes group health insurance, as well as various technology-driven services such as discounts on medicine orders, health check-ups, fitness rewards, and doctor teleconsultation. By integrating these services, Onsurity aims to simplify health tech and employee benefits, providing businesses with effective alternatives to support the health and well-being of their teams.
Yoco
Series C in 2021
Yoco Technologies (Pty) Ltd. is a South African technology company based in Cape Town that focuses on providing a seamless mobile point-of-sale experience for small businesses and entrepreneurs. By creating a unified platform, Yoco enables businesses to accept secure payments both online and in-person, while simplifying operational processes. The company offers a diverse product ecosystem that includes payment solutions, lending options, and business management software. It serves over 300,000 small businesses, processing billions of dollars annually, and aims to enhance the commerce experience for both buyers and sellers by minimizing time spent on transactions and administrative tasks.
Rupifi
Seed Round in 2021
Rupifi is a digital B2B platform based in Bengaluru, India, that provides financial solutions tailored for small and medium enterprises. Founded in 2020 by Ankit Singh, Anubhav Jain, and Jawaid Iqbal, the company focuses on offering loans, working capital, and payment services that are designed to enhance financial management for businesses. Rupifi utilizes credit scoring to facilitate fast and scalable B2B credit, enabling companies to access flexible payment methods, including a buy now pay later service with automated reconciliations. This approach aims to empower small businesses in managing their finances more effectively.
CowryWise
Seed Round in 2021
CowryWise is a FinTech company based in Lagos, Nigeria, that offers a personal finance platform designed to automate savings and investments for users across the country. The platform allows users to set up automatic transfers from their bank accounts to their CowryWise accounts on a daily, weekly, or monthly basis, with these savings earning interest through risk-free investments such as treasury bills and government bonds. By leveraging technology and investment management, CowryWise aims to democratize access to premium financial services at low costs, helping customers achieve their savings and investment goals in a simple, secure, and rewarding manner. The company also provides free wealth advisory and consumer education to promote financial inclusion among its users.
Ula
Series A in 2021
Ula is a technology-driven marketplace application based in Jakarta, Indonesia, focused on modernizing distribution and credit for micro, small, and medium enterprises. Founded in 2020, the company offers a B2B platform that allows small retailers to efficiently manage their inventory and supply chain. Ula provides a wide assortment of products at competitive prices, alongside favorable payment terms, enabling store owners to stock only what they need while also accessing essential working capital. By leveraging technology, Ula aims to address significant challenges in the retail sector, enhancing the competitiveness of small retailers and helping them improve their profit margins and overall business growth. In addition to its headquarters in Jakarta, Ula has offices in Bengaluru, India, and Singapore.
Contabilizei
Series C in 2021
Contabilizei is an online accounting service that caters to small and micro enterprises, providing a cost-effective solution to traditional accounting practices. Founded in January 2014 by Fábio Bacarin and Vitor Torres, the company is headquartered in Curitiba, Brazil. Its platform automates tax reporting and accounting processes, allowing businesses to manage their financial activities more efficiently. By leveraging proprietary technology, Contabilizei aims to simplify accounting for small and medium-sized businesses, thereby enhancing their operational capabilities and contributing positively to their growth.
BukuWarung
Seed Round in 2020
BukuWarung is a technology company focused on providing digital infrastructure for the approximately 60 million micro, small, and medium enterprises (MSMEs) in Indonesia. The company offers a platform that enables users to efficiently manage their financial transactions by recording daily sales, income, and customer accounts payable. Its services include bookkeeping, sending bills through messaging applications, receiving digital payments, and generating daily business reports. By leveraging these tools, BukuWarung aims to empower MSMEs to enhance their financial awareness and business operations through technology.
Eseye
Series A in 2020
Eseye specializes in IoT cellular connectivity solutions, enabling businesses to effectively implement and manage Internet of Things projects. The company offers a range of services, including versatile hardware, technical consultancy, and continuous support, guiding clients from the initial concept through to global deployment. With its proprietary AnyNet Secure® SIM technology and a robust Connectivity Management Platform, Eseye ensures seamless device connectivity across various cellular networks in over 190 countries. By simplifying the complexities of IoT deployment, Eseye empowers more than 2,000 customers worldwide to enhance operational efficiency, drive data-driven innovations, and create differentiated market experiences.
BizCapital
Series B in 2020
BizCapital provides loans to SMEs without access to large banks through an evaluation machine that analyzes and ranks each request in a few seconds, analyzing the variables digitally, enabling customers to get loans to operate business through an online lending platform.
Ula
Seed Round in 2020
Ula is a technology-driven marketplace application based in Jakarta, Indonesia, focused on modernizing distribution and credit for micro, small, and medium enterprises. Founded in 2020, the company offers a B2B platform that allows small retailers to efficiently manage their inventory and supply chain. Ula provides a wide assortment of products at competitive prices, alongside favorable payment terms, enabling store owners to stock only what they need while also accessing essential working capital. By leveraging technology, Ula aims to address significant challenges in the retail sector, enhancing the competitiveness of small retailers and helping them improve their profit margins and overall business growth. In addition to its headquarters in Jakarta, Ula has offices in Bengaluru, India, and Singapore.
Lulalend
Series A in 2019
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!
SMECorner
Series A in 2019
SMEcorner is a financial lending firm headquartered in Mumbai, Maharashtra, India, that specializes in providing quick access to business loans for micro, small, and medium enterprises. Established in 2014, the company aims to address the lending gap for SMEs in India through its online platform, which leverages machine learning, data science, and artificial intelligence. SMEcorner offers two main products: unsecured business loans and loans against property. The company's lending process incorporates both traditional and alternative data, allowing for efficient decision-making. By minimizing paperwork and streamlining the application process, SMEcorner enables small business owners to secure funding with just a few clicks in a secure digital environment.
Contabilizei
Series B in 2019
Contabilizei is an online accounting service that caters to small and micro enterprises, providing a cost-effective solution to traditional accounting practices. Founded in January 2014 by Fábio Bacarin and Vitor Torres, the company is headquartered in Curitiba, Brazil. Its platform automates tax reporting and accounting processes, allowing businesses to manage their financial activities more efficiently. By leveraging proprietary technology, Contabilizei aims to simplify accounting for small and medium-sized businesses, thereby enhancing their operational capabilities and contributing positively to their growth.
Eseye
Series A in 2018
Eseye specializes in IoT cellular connectivity solutions, enabling businesses to effectively implement and manage Internet of Things projects. The company offers a range of services, including versatile hardware, technical consultancy, and continuous support, guiding clients from the initial concept through to global deployment. With its proprietary AnyNet Secure® SIM technology and a robust Connectivity Management Platform, Eseye ensures seamless device connectivity across various cellular networks in over 190 countries. By simplifying the complexities of IoT deployment, Eseye empowers more than 2,000 customers worldwide to enhance operational efficiency, drive data-driven innovations, and create differentiated market experiences.
Yoco
Series B in 2018
Yoco Technologies (Pty) Ltd. is a South African technology company based in Cape Town that focuses on providing a seamless mobile point-of-sale experience for small businesses and entrepreneurs. By creating a unified platform, Yoco enables businesses to accept secure payments both online and in-person, while simplifying operational processes. The company offers a diverse product ecosystem that includes payment solutions, lending options, and business management software. It serves over 300,000 small businesses, processing billions of dollars annually, and aims to enhance the commerce experience for both buyers and sellers by minimizing time spent on transactions and administrative tasks.
Konfio
Series C in 2018
Konfio is a financial services platform based in Mexico City that focuses on providing online financial solutions for small and medium-sized enterprises (SMEs) and micro-entrepreneurs. Founded in 2013, the company offers a range of products including fixed-rate loans, working capital loans, corporate credit cards, and payment solutions, as well as life insurance and personal debt transfer services. Konfio utilizes a proprietary algorithm that leverages data and technology to assess creditworthiness, enabling access to credit for clients who have been underserved by traditional banking. By offering competitive rates and convenient services, Konfio aims to enhance the growth and productivity of SMEs in Mexico.
NeoGrowth
Series D in 2018
Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.
Konfio
Series B in 2017
Konfio is a financial services platform based in Mexico City that focuses on providing online financial solutions for small and medium-sized enterprises (SMEs) and micro-entrepreneurs. Founded in 2013, the company offers a range of products including fixed-rate loans, working capital loans, corporate credit cards, and payment solutions, as well as life insurance and personal debt transfer services. Konfio utilizes a proprietary algorithm that leverages data and technology to assess creditworthiness, enabling access to credit for clients who have been underserved by traditional banking. By offering competitive rates and convenient services, Konfio aims to enhance the growth and productivity of SMEs in Mexico.
Yoco
Series A in 2017
Yoco Technologies (Pty) Ltd. is a South African technology company based in Cape Town that focuses on providing a seamless mobile point-of-sale experience for small businesses and entrepreneurs. By creating a unified platform, Yoco enables businesses to accept secure payments both online and in-person, while simplifying operational processes. The company offers a diverse product ecosystem that includes payment solutions, lending options, and business management software. It serves over 300,000 small businesses, processing billions of dollars annually, and aims to enhance the commerce experience for both buyers and sellers by minimizing time spent on transactions and administrative tasks.
Exten
Series A in 2017
Exten provides invoice financing solutions to small and medium businesses.
NeoGrowth
Series C in 2016
Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.
Konfio
Series A in 2016
Konfio is a financial services platform based in Mexico City that focuses on providing online financial solutions for small and medium-sized enterprises (SMEs) and micro-entrepreneurs. Founded in 2013, the company offers a range of products including fixed-rate loans, working capital loans, corporate credit cards, and payment solutions, as well as life insurance and personal debt transfer services. Konfio utilizes a proprietary algorithm that leverages data and technology to assess creditworthiness, enabling access to credit for clients who have been underserved by traditional banking. By offering competitive rates and convenient services, Konfio aims to enhance the growth and productivity of SMEs in Mexico.
Eseye
Series B in 2015
Eseye specializes in IoT cellular connectivity solutions, enabling businesses to effectively implement and manage Internet of Things projects. The company offers a range of services, including versatile hardware, technical consultancy, and continuous support, guiding clients from the initial concept through to global deployment. With its proprietary AnyNet Secure® SIM technology and a robust Connectivity Management Platform, Eseye ensures seamless device connectivity across various cellular networks in over 190 countries. By simplifying the complexities of IoT deployment, Eseye empowers more than 2,000 customers worldwide to enhance operational efficiency, drive data-driven innovations, and create differentiated market experiences.
NeoGrowth
Series C in 2015
Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.
Zoona
Series A in 2012
Zoona is a mobile technology company focused on providing financial services to underserved communities across Africa. Founded in 2009, it has established a robust distribution network that facilitates money transfers, electronic voucher payments, savings, credit, and bill payments primarily for unbanked customers. With operations in Zambia, Malawi, and Mozambique, Zoona leverages cutting-edge technology and a network of agents to ensure safe and reliable access to financial services. The company has processed over $2 billion in transactions and has received recognition from organizations such as The Nike Foundation and The Unreasonable Group for its impactful contributions to empowering young entrepreneurs and helping to alleviate poverty, particularly among girls.
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