The Japanese firm with a track record of investing in leading Southeast Asian startups such as Grab and Shopback has launched a venture capital arm in Singapore.
Japanese consumer finance firm Credit Saison has launched a venture capital fund based in Singapore and is looking to leverage its networks and expertise in Southeast Asia by investing in early-stage start-ups, the company announced in a press release on Thursday.
Up to $55 million will be deployed through Saison Capital as equity investments in Series-A companies across Southeast Asia and India, and the firm is looking at investing up to $1 million in six to eight companies per year, the statement said.
Fintech Focus
Saison Capital said that while the mandate of the fund is agnostic, it is looking to work with founders who are building ecosystems that have the potential to distribute financial services to the underbanked. This allows it to leverage Credit Saision's expertise in driving adoption of financial services in emerging markets for businesses and consumers.
«Our unique value proposition is our strong institutional knowledge of the financing space, the investment team’s tech backgrounds, and the speed of our conviction,» Chris Sirisereepaph, Saison Capital partner, said.
The fund has already made an investment into Koinworks, one of Indonesia’s larger peer-to-peer (P2P) lending platforms, the statement said.
