SBI Group manages approx. USD 4 Billion* globally, out of which USD 300M** is managed by SBI Ven Capital.
* As of December 31, 2019
** As of December 31, 2018
Banking Software, Singapore
Bank-Genie is a Singapore-incorporated Fintech company which provides software solutions that enables banks and other financial institutions in emerging countries to create virtual retail branches. The solution is based on Agent Assisted Model wherein a mobile phone, POS terminal or tablet is used by an agent or bank employee to offer all retail services such as bill payments, insurance premium payments, and other bank account management services to customers at any location. The company has customers across Africa, South Asia and Southeast Asia.
PT Bank Index Selindo (Bank Index)
Established in 1993, Bank Index is a private Indonesian foreign-exchange licensed bank. The Bank focuses on the SME sector (working capital and investment loans), which comprised 84% of the total number of loans. Bank Index is strategically situated in 22 cities across Java, Sumatra, Sulawesi and Bali. The Bank has total 58 branches – 22 of which are located in Jakarta while the rest are in other major cities. Bank Index is majority owned by Setiawan family, a prominent Indonesian family, whose business interests range from financial services, sugar and flour refinery and property. As of September 2019, Bank Index’s loans and deposit portfolio stood at USD 490 million and USD 505 million respectively.
First Guardian Equities (FGE)
Financial Services, Sri Lanka
First Guardian Equities is one of the premier stockbrokers in Sri Lanka. It is a licensed trading member of the Colombo Stock Exchange and regulated by the Securities and Exchange Commission of Sri Lanka. First Guardian Equities the only stock brokerage in Sri Lanka with an International Certification for Systems Standardization.
Hatton National Bank (HNB)
Bank, Sri Lanka
Hatton National Bank is a premier private sector commercial bank operating in Sri Lanka with 251 branches and 563 ATMs. The bank is actively involved in retail banking, corporate banking, international banking, treasury and project financing. It has been internationally recognized by the Asian Banker Magazine as the “Best Retail Bank in Sri Lanka” on ten occasions from 2007 to 2017. For the 9 months ended September 2019, the bank had a net interest income of USD 208 million and profit after tax of USD 44 million.
Founded in 2018, HydraX offers a digital trading platform providing instantaneous price discovery and asset transfers across exchanges. The firm also provides an electronic trading platform for the execution of over-the-counter or off-exchange transactions.
Innoviti Payment Solutions
Innoviti is a pioneer in the use of technology to solve real-world payment problems of retail merchant businesses such as payments automation, consumer credit distribution and SME lending. By bringing increased efficiency across both ends of payments, Innoviti help businesses to both save costs and boost sales.
PT Investree is a peer-to-peer lending FinTech startup in Indonesia. Investree provides financing products and government bonds on its platform. The startup has distributed loans to the tune of around USD 152 million in the first half of 2019, up almost 30% compared to the same period last year.
Jirnexu Sdn Bhd (Jirnexu) is a Southeast Asian financial technology startup headquartered in Kuala Lumpur, Malaysia. The company provides customer acquisition and lifecycle management solutions in both Malaysia and Indonesia for financial institutions as well as telecommunication and e-commerce service providers. Consumers are also empowered by Jirnexu’s financial comparison tools to save money and make better decisions.
National Development Bank (NDB)
Bank, Sri Lanka
The National Development Bank is a Sri Lankan banking and financial services institution, which began operations as a state-owned development finance institution in 1979. In 1993, NDB was privatized and listed on the Colombo Stock Exchange. For the 9 months ended September 2019, the bank had a net interest income of USD 72 million and profit after tax of USD 18 million.
NIUM is a Singapore-headquartered Fintech company, providing fast, safe and cost-effective cross-border digital money transfer solutions for SME, corporates and individuals globally. NIUM distinguishes itself from traditional bank transfer through its speed, lower costs and transparency of transaction fees. The company is licensed in 10 jurisdictions globally with coverage of about 40 countries including Singapore, Australia, Europe, UK, US, etc. The company renamed the entity’s name from “InstaReM” to “NIUM” at the end of 2019.
Novocura Tech Health Services (mfine)
NovoCura Tech Health Services, which owns the “mfine” health-tech APP, designs and develops healthcare software. The Company offers an artificial intelligence platform that allows patients to access online doctor consultations and healthcare programs in India, following a model of partnering with leading and trusted hospitals instead of aggregating individual doctors on its platform.
Established in 1996, Panviva is a cloud-based knowledge management platform that makes finding critical business information easy for employees, reduces average hold times and cuts down process errors. It ensures better employee performance and higher customer satisfaction.
Sanasa Development Bank (SDB)
Bank, Sri Lanka
SANASA Development Bank PLC (“SDB” or the “Bank”) is a licensed specialised Bank based in Sri Lanka. The Bank’s strength within the industry lies in its rural linkages, reinforced by an extensive network of co-operative societies and Government organisations. The Bank’s customer base comprises the SME, retail, and co-operative society sectors. It offers a portfolio of numerous products that provide solutions in development and personal banking and leasing. At the same time, it encourages investment and savings opportunities through their deposit products. SDB has a wide distribution network comprising 94 branches throughout Sri Lanka.
Satin Creditcare Network Limited (SCNL)
Established in 1990, Satin is a non-deposit accepting Microfinance Institution (MFI) providing collateral-free, microcredit facilities to economically active women in both rural and semi-urban areas. The company also offers loans to individual businesses and Micro, Small & Medium Enterprises (MSMEs). It is a non-banking finance company (NBFC) licensed by the Reserve Bank of India with presence in 22 states. Satin has strong operational track record and has been profitable for the last ten years. As of November 2019, Satin’s loans portfolio stood at ~USD 1 billion; it has 1,299 branches covering more than 83,274 villages in India.
Financial Services, Japan
Launched in 2006, SBI Japannext aims to enhance the convenience of investors in the stock market and create Japan’s first full-fledged proprietary trading system (PTS) market to which plural securities firms are connected. With over 20 major domestic and foreign securities companies participating in trades, Japannext PTS has become the second-largest trading market in Japan next to the Tokyo Stock Exchange.
Sen do Technologies JST (Sendo)
Launched in 2012, Sendo is one of the largest e-commerce platforms in Vietnam operating both business-to-consumer and consumer-to-consumer models. It currently offers more than 10 million products on its platform and serves more than 300,000 sellers and 10 million buyers. With the strategy to focus on customers in all parts of Vietnam, about two-thirds of Sendo’s orders are from places other than Vietnam’s two biggest cities, Hanoi and Ho Chi Minh City. Besides providing the products, Sendo has also ventured into digital services such as entertainment, tourism, and transportation to meet the diverse demands of Vietnamese consumers.
Diversified, Sri Lanka
Established in 1967, Sunshine Holdings began as a retail pharmaceutical company. Since then, the group has transformed into a diversified company with a focus on Healthcare, Agri Business, Consumer Goods, Dairy and Renewable Energy. In 2019, it recorded group revenue of USD 126.8 million, profit after tax of USD 6.06 million and return on capital employed of 14%.
Taraashna Financial Services Limited (TFSL)
Financial Services, India
Incorporated in 2012, Taraashna acts as a business correspondent for banks and non-banking financial companies (NBFCs) and provides similar services to other financial institutions in rural and semi-urban areas. In 2016, Satin acquired Taraashna as its subsidiary. As on March 31, 2019, Taraashna has 180 branches across major cities in India and had provided services in respect of gross loans aggregating to USD 84.7 million.
Tien Phong Bank (TPBank)
Tien Phong Bank (“TPBank”) was founded in 2008 in cooperation with the Bank for Investment and Development of Vietnam and Citibank. The bank provides retail banking, corporate banking, private banking and capital market services. It is considered one of Vietnam’s most modern and technologically savvy banks and was in the Top 10 most prestigious Vietnam’s commercial banks 2016 by Vietnam Report. In 2018, TPBank successfully listed on Ho Chi Minh Stock Exchange.
Founded in 2009, Tokopedia is an Indonesian unicorn technology company which owns and operates Tokopedia.com, the largest e-commerce marketplace in Indonesia. The marketplace empowers millions of merchants and consumers to participate in the e-commerce, allowing individuals and small-to-mid-sized business owners to start their online stores and helping merchants to reach more buyers than other channels. There are also official stores for well-known brands on the platform. As of November 2019, Tokopedia has over 90 million monthly active users and over 7 million merchants with more than 200 million product listings and 35 digital products such as credit, digital wallets, utility payments, telephone payments, virtual credit cards, flight tickets and many more.
Utop Technology Joint Stock Company (Utop)
Launched in 2018, Utop is a Vietnamese startup that bridges loyalty point programmes among merchants. It was developed based on FPT’s enterprise blockchain platform akaChain, and makes it easy and convenient for users to garner and redeem loyalty points at retailers within the same network. The company partners with small businesses to link their reward programmes with each other to reduce costs and keep data secure.
VIMO Technology Joint Stock Company (VIMO)
VIMO is a provider of mobile payment solutions in Vietnam that enables users to send and receive money, pay bills, top up airtime and pay for goods on mobile. Comparable to ApplePay or Samsung Pay, VIMO is the premier card-not-present mobile-wallet platform that offers peer-to-peer money transfer, personal financial services and in-store payment for consumer and real-world merchant of all size. VIMO is one of the 15 official holders of a mobile payment license granted by the State Bank of Vietnam. In July 2019, SBI completed the exit of its investment in VIMO.
WealthTrust Securities Limited (WTS)
Financial Services, Sri Lanka
WealthTrust Securities is a licensed primary dealer in government bonds appointed by the Central Bank of Sri Lanka, with direct access to both the primary and secondary government securities markets, and has the ability to participate in the issuance of local and foreign currency-denominated bonds. It ranks among the top five primary dealers in Sri Lanka, due to its broad customer network that has been built through long-standing operation.