VEF

VEF, a Swedish-listed investment company headquartered in Stockholm, specializes in providing growth capital to leading private fintech companies across emerging markets. Formerly known as Vostok Emerging Finance, VEF has established itself as a prominent player in the global fintech investment landscape, leveraging its public listing to offer investors exposure to a diversified portfolio of high-growth financial technology ventures. The firm's strategic focus is on identifying and backing businesses with robust management teams, proven business models, and significant addressable markets within regions experiencing rapid digital transformation.

The firm primarily targets growth-stage companies, typically deploying initial cheques ranging from $10 million to $50 million, with a clear capacity and willingness to provide substantial follow-on funding as portfolio companies scale. VEF's investment philosophy emphasizes long-term partnerships, aiming to support its investees through various stages of their development. Their portfolio spans a wide array of fintech sub-sectors, including digital lending, payments, neobanking, and embedded finance, reflecting a comprehensive approach to capturing the diverse opportunities within emerging market financial services.

Since its inception, VEF has demonstrated a strong commitment to its investment thesis, having deployed over $500 million across 18 portfolio companies. This significant capital deployment underscores their active role in fostering fintech innovation globally. As of their Q4 2023 report, VEF's Net Asset Value (NAV) stood at approximately $381.7 million, reflecting the value of their underlying investments. Their portfolio includes notable companies such as Creditas in Brazil, Konfio in Mexico, and Nium, a global payments platform, showcasing their broad geographic and thematic reach within the emerging markets.