Resolution Ventures announced first closure of $20 M fintech fund aimed at early-stage companies
Resolution Ventures, a Singapore-based venture capital firm, announced the first closure of its US $20 million Southeast Asia-focused fintech fund Resolution Fintech Fund I.
The business is looking to invest in roughly 25 fintech firms that are developing solutions with local, regional, and worldwide applications. It will put money into the company’s pre-seed and seed stages.
A multinational community of fintech-focused institutions, family offices, seasoned financial professionals, and successful entrepreneurs have backed the fund.
“Resolution builds atop the top quartile track record of Managing Partner Sam Gibb and Blauwpark Investments, a proprietary fintech fund managed by family office Blauwpark Partners. The Fund benefits from the experience of its partners and Blauwpark Partner’s network across the Fintech sector. Early-stage fintech companies and their founders benefit not just from capital and guidance, but also the relationships and infrastructure of an institutional asset management firm,” the firm wrote in a press statement.
The firm has invested from this fund in Pakistan’s Oraan (a female-led Rotating Savings and Credit Association platform that aims to contribute to greater financial inclusion among women), Stemly (working capital and inventory management platform that aims to optimize inventory levels and improve working capital management), and Dropee (an e-invoicing and ordering platform for FMCG goods that aims to enable easy credit for retailers, connecting micro and SME business) (an earned wage access platform that recently completed YCombinator, aiming to disrupt the predatory market for pay-day loans and improving financial access).
