Resolution Ventures, a Singapore-based VC firm, has announced the final close of its first fund at an undisclosed amount.
The company wants to support Southeast Asian fintech startups in the pre-seed and seed stages with the Resolution Fintech Fund I. It will concentrate on topics like regulation, international payments, and insurance.
“We were aware that there aren’t any other funds that are focused on seed-stage fintech that work deeply with their portfolio companies in Southeast Asia so there is the need for sector specialists,” Sam Gibb, managing partner at Resolution Ventures, told a media-house.
The investment ticket size for the fund ranges from $250,000 to $700,000. Before seeking additional outside funding, it gives priority to startups that can break even.
The VC firm is currently closely monitoring Vietnam and the Philippines, Gibb continued.
Several Southeast Asian fintech startups, including Oraan, Stemly, Dropee, Gimo, iPiD, PasarMikro, and Mayar, have already received funding from Resolution Ventures.
