VEF
Venture capitalStockholm · Seed–Late Stage · 7 people tracked
Investment thesis
VEF invests in fintech businesses across emerging markets, backing companies that expand access to financial services in these regions.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from the firm's website
What they invest in
from 7 of 8 portfolio companiesFintech ×6SaaS ×4B2B Marketplaces ×1Consumer ×1E-commerce ×1Enterprise Software ×1Future of Work ×1HR Tech ×1
HQs:India×2Pakistan×1Türkiye×1United States×1
Investments · 8 tracked
founders shown can be your intro pathAbhi provides Earned Wage Access, letting employees withdraw their earned salaries before payday, alongside business financing products such as invoice factoring, working capital financing, and platform-based lending.
Fintech
Co-investorsAlter GlobalFatima Gobi VenturesGobi PartnersSarmayacarVentureSouqTeam Ignite Ventures
BlackBuck operates a technology platform for the trucking industry.
B2B MarketplacesLogistics & Supply ChainSaaSBangalore, IN
Rajesh Yabaji(Chairman, Managing Director and CEO)inChanakya HRidaya(Executive Director and COO)inRamasubramaniam B(Executive Director and Head - New Initiatives)inSatyakam G N(Chief Financial Officer)in
Co-investorsAccelB Capital GroupB4 CapitalEvolution VC PartnersPeak XV PartnersSilicon Ventures+5 more
Juspay offers an open-source, modular payments platform that lets businesses build or enhance their payment stack, including payment orchestration, PSP management, checkout flows, 3DS authentication, tokenization, and reconciliation.
Enterprise SoftwareFintechSaaS
Vimal Kumar(Founder)inSheetal Lalwani(Founder)in
Co-investorsAccelSoftBank GroupWestBridge Capital
Mahaana is a fintech platform that helps Pakistanis save and invest through tools like automated savings features, retirement planning, and investment funds.
FintechSaaSKarachi, PK
Muhammad Shamoon Tariq(Founder)inShamoon
Co-investorsY Combinator
minu offers a workplace benefits platform for companies in Mexico, letting HR teams activate over 50 employee benefits such as on-demand salary (earned wage access), savings, food vouchers, loans, telemedicine, and financial education.
FintechFuture of WorkHR TechPalos Verdes Estates, US
Adam Guggenheim(Executive Officer, Director)Christine Koppinger(Executive Officer, Director)
Co-investors500 GlobalAccial CapitalCapria VenturesCats.vcClocktower VenturesInvariantes Fund+8 more
Rupeek provides online gold loans in India, offering low-interest loans against gold with door-to-door pickup and return of valuables.
ConsumerFintech
Sumit Maniyar(Founder)in
Co-investorsAccelSequoia CapitalBetter CapitalElevation CapitalNotable CapitalPeak XV Partners+6 more
Co-investorsIskra Ventures RUSVNV Global
Portfolio news
latest coverage across their companies
Minu · indianretailer.com · Aug 18, 2026
Juspay · thesaasnews.com · Aug 13, 2026
ABHI · tribune.com.pk · Aug 4, 2026
BlackBuck · scanx.trade · Jun 30, 2026
Rupeek · m.economictimes.com · Feb 10, 2026
Frequently asked questions
- How many investments has VEF made?
- VEF has 8 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does VEF invest at?
- VEF invests at the Seed, Growth, Late Stage stages.
- What is VEF's typical check size?
- VEF typically writes checks of $5K – $5M.
- What sectors does VEF focus on?
- VEF focuses on Fintech.
- Where is VEF located?
- VEF is headquartered in Stockholm, SE.
- Does VEF lead rounds?
- Yes, VEF leads investment rounds.
- Who does VEF co-invest with?
- VEF most often shares deals with Accel, Peak XV Partners, Trifecta Capital Advisors, among 34 tracked co-investors.
Media · Podcasts & interviews
featuring the teamSatsar (nästan) allt på TRE bolag - David Nangle, VD VEF - Sparpodden 516
Nordnet Sverige · David Nangle
David Nangle, how do Creditas and Konfio contribute to VEF's success in volatile times? A talk
Good Investing Talks · David Nangle
Images
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