VEF
Venture capitalStockholm · Seed–Growth · 7 people tracked
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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 websiteWhat they invest in
from 10 of 11 portfolio companiesFintech ×9SaaS ×5Consumer ×2HR Tech ×2B2B Marketplaces ×1Cleantech ×1E-commerce ×1Energy ×1
HQs:Brazil×3India×3Pakistan×2Türkiye×1United States×1
Who they back
founder profiles across 5 portfolio companiesAccelerator rootsportfolio companies that came through a program
Investments · 11 tracked
founders shown can be your intro pathBy year:2023 · 12022 · 12021 · 24 dated
ABHI creates financial products designed for consumers in Pakistan.
FintechHR TechSaaSKarachi, PK
Omair Ansari(Founder)inAli Ladhubhai(Founder)inOmair Ansari Ali Ladhubhai(Founder)
Co-investorsY CombinatorAlter GlobalAmaana CapitalBOD TECH CO.Capria VenturesD4 Ventures+29 more
BlackBuck operates a technology platform for the trucking industry.
B2B MarketplacesLogistics & Supply ChainSaaSBangalore, IN
Rajesh Yabaji(Founder)inChanakya HRidaya(Executive Director and COO)inRamasubramaniam B(Founder)inSatyakam G N(Chief Financial Officer)inChanakya Hridaya(Founder)Ramasubramanian B(Founder)
Co-investorsAccelB Capital GroupB4 CapitalEvolution VC PartnersPay It Forward - PIFPeak XV Partners+14 more
FinanZero is a Brazilian fintech operating since 2016 that runs an online loan comparison marketplace, letting consumers submit a single application and receive up to 10 pre-approved credit offers from partner financial institutions.
FintechMarketplacesSão Paulo, BR
Olle Widén(Founder)in
Co-investorsZentro Founders
Gringo operates a mobile "Super App" for Brazilian drivers to consult and pay vehicle-related debts such as IPVA, fines, and licensing, issue digital vehicle documents, track license points, and manage due-date reminders.
ConsumerFintechMobility & TransportationSão Paulo, BR
Juliano Dutra(Founder)in
Co-investorsKaszek VenturesOnevc Venture Partners LlcValor Capital GroupActyusICU Ventures
iyzico provides online payment infrastructure for both buyers and merchants, enabling businesses to accept payments and offering consumers secure checkout with a "Pay with iyzico" option and campaigns.
E-commerceFintechSaaS
Barbaros Ozbugutu(Founder)Tahsin Isin(Founder)
Co-investorsHansmann Family Office212International Finance CorporationProsus VenturesSpeedinvest
Juspay provides payment orchestration software and SDKs for enterprises, handling global payment coverage, conversion optimization, and fraud reduction.
Enterprise SoftwareFintechSaaSBangalore, IN
Vimal Kumar(Founder)inSheetal Lalwani(Founder)inMagizhan Selvan(Founder)Ramanathan RV(Founder)
Co-investorsWestBridge CapitalAccelNewRadioVentureSoftBank Vision FundSoftBank Group
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 CombinatorSparkLabs Korea
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)inChristine Koppinger(Executive Officer, Director)in
Co-investors500 GlobalAccial CapitalCapria VenturesCats.vcClocktower VenturesFJ Labs+14 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 Capital9Unicorns Accelerator FundBetter CapitalBlackSoilElevation Capital+8 more
Solfácil is a Brazilian solar energy company that provides financing, photovoltaic equipment distribution, and technology tools for solar installers across the country.
CleantechEnergyFintech
Fabio Carrara(Founder)inVitor Leal(Founder)Guillaume Tiret(Founder)
Co-investorsQED InvestorsSoftbank Latin America FundValor Capital GroupFifth WallSoftBank Group
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Tinkoff Group Holding (TCS)
Portfolio news
latest coverage across their companies
Juspay · thesaasnews.com · Aug 13, 2026
Frequently asked questions
- How many investments has VEF made?
- VEF has 11 tracked investments, 1 of which have exited.
- What stage does VEF invest at?
- VEF invests at the Seed, Growth stages.
- 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, FJ Labs, Peak XV Partners, among 53 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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