Apis Partners Launches $300M Fintech Growth Fund Targeting Emerging Markets
New Investment Vehicle Focused on Financial Innovation in Africa and Asia
London-based private equity firm Apis Partners has officially launched a new growth fund dedicated to fintech startups in emerging markets, with a particular focus on Africa and Asia. The fund aims to raise between \(250 million and \)300 million to support innovative financial technology solutions in these rapidly evolving regions.
Leadership With Deep Emerging Markets Expertise
The fund was co-founded by two prominent figures in fintech and emerging markets investment:
- Matteo Stefanel: Former partner at Abraaj Group, a leading emerging markets private equity firm
- Udayan Goyal: Co-founder of Anthemis Group, a renowned fintech investment and advisory firm
This leadership team combines decades of experience in both financial technology and developing market dynamics.
Addressing the Unbanked Population Through Mobile Innovation
The fund specifically targets regions where:
- Hundreds of millions remain unbanked or underbanked
- Mobile technology is enabling financial services to leapfrog traditional banking infrastructure
- Fintech solutions can drive financial inclusion at scale
A prime example of this trend is M-Pesa (“pesa” meaning money in Swahili), the revolutionary mobile money transfer service launched by Vodafone in 2007 that has transformed financial services across Africa.
Explosive Growth in Fintech Investment
According to Accenture research, global investment in fintech has seen dramatic growth:
- 2008: $928 million
- 2013: $2.97 billion (more than triple the 2008 figure)
This new fund positions itself to capitalize on both this global trend and the specific opportunities presented by Africa and Asia’s unique financial landscapes.
Strategic Focus Areas
The Apis Partners fund will likely prioritize:
- Mobile payment solutions
- Digital banking platforms
- Alternative lending technologies
- Financial inclusion initiatives
- Infrastructure supporting fintech ecosystems
By focusing on these high-growth areas, the fund aims to both generate strong returns and create meaningful social impact in its target markets.
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