Fundraising Fox

VEF

Growth equity

Seed–Late Stage · 7 people tracked

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Investment thesis

VEF invests in growth-stage fintech companies across emerging markets, targeting the digitalization of financial services in regions with rapidly growing populations and unmet customer needs. The firm focuses on companies capable of navigating macroeconomic risk and market volatility to scale successfully. By taking board-represented minority stakes, VEF leverages its deep financial services and emerging markets expertise to support entrepreneurs in building sustainable, long-term value.

Invests inFintech

Source: firm website, verified Jul 21, 2026.

Stage
Seed–Late Stage
Leads rounds
Leads
Instruments
Equity
Tracked investments
8

Team · 7 people

from the firm's website
David Nangle· CEO

Co-founder and CEO of VEF with over 20 years of experience in financial services across emerging markets. Previously held senior research roles at Renaissance Capital and ING Barings.

Evin McKay· Principal

Principal focused on investment research, executing new opportunities, and portfolio management. Previously worked in investment banking at Morgan Stanley specializing in Technology M&A and capital markets.

Shashi Mahajan· Principal

Principal with broad emerging markets investing experience, most recently as a Senior Analyst at an Indian growth buyout PE fund focused on financial services and healthcare sectors.

Alexis Koumoudos· CIO

Chief Investment Officer with a career invested across emerging markets. Previously a partner at Skyline Capital Management, a hedge fund specializing in emerging market investments.

Cathal Carroll· Investment Manager

Senior member of the investment team and co-founder of Carraighill, a financial services research firm. Brings substantial experience in the financial services industry across developed and emerging markets.

Helena Caan Mattsson· General Counsel/Head of Sustainability

General Counsel and Head of Sustainability with extensive M&A and corporate law experience from multiple leading law firms. Holds expertise in domestic and cross-border M&A transactions in emerging markets.

Kim Ståhl· CFO

Chief Financial Officer with extensive experience across diverse finance functions, including prior roles in fintech, marketing, and legal services.

What they invest in

from 2 of 8 portfolio companies

SaaS ×2B2B Marketplaces ×1Fintech ×1Logistics & Supply Chain ×1

HQs:India×1Pakistan×1

Investments · 8 tracked

founders shown can be your intro path
Abhiabhi.co
Iyzicoiyzico.comin𝕏
Juspayjuspay.inin𝕏
Mahaana Wealthmahaana.comin𝕏

Mahaana is a fintech platform that helps Pakistanis save and invest through tools like automated savings features, retirement planning, and investment funds. The company provides investment education and portfolio management services for individual investors.

FintechSaaSKarachi, PK

Muhammad Shamoon Tariq(Founder)inShamoon

Minuminu.mxin𝕏
Opportunistic India Growth Stageblackbuck.com

BlackBuck operates a technology platform for the trucking industry. The company facilitates transformation of trucking operations for logistics and freight businesses.

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

Rupeekrupeek.comin𝕏
Tinkofftinkoff.ru

Frequently asked questions

What stage does VEF invest at?
VEF invests at the Seed, Growth, Late Stage stages.
What sectors does VEF focus on?
VEF focuses on Fintech.
Does VEF lead rounds?
Yes, VEF leads investment rounds.

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