As of 31 December 2021, SBI Group manages approximately USD 5.68 Billion globally, out of which USD 549 M is managed by SBI Ven Capital.
And Global is an operator of a digital fintech company intended to offer accessible finance to under-banked people. The company has developed a machine learning-based system that assesses a range of data points from conventional information like banking, income and expense records as well as social media, education and employment history to determine its credit limits, enabling clients to access their financial products custom-tailored to the individual behavior and financial needs.
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.
Backfill Pte. Ltd (SolanaFM)
SolanaFM is an operator of a blockchain indexer intended to gather and process data with enhanced efficiency. The company’s platform provides easy access to data within the network, which contains complete historical crypto data to easily build scalable applications, or simply to facilitate indexing and querying services, along with helps users who are primarily ecosystem developers by handling the complex task of archiving data throughout the history of the blockchain, enabling users to create data-driven products efficiently.
Blockchain, United States
Bluwhale Inc. introduces the World’s first protocol for AI personalization. Bluwhale develops a community-owned AI brain that enriches DApps and Web 2.0 applications with contextual searches, practical analytics, and targeted recommendations, aiming to enhance user engagement retention, and overall experience.
CollectID is building the gateway between the physical and the digital world by providing a blockchain-based solution. It connects companies’ and sports clubs’ physical merchandise and products with digital offerings through a proprietary NFC/NFT gateway.
Eratani is a Jakarta-based company that has built a full-stack farmers-centric solution that provides small-holder farmers with one-stop access to agri-financing, agri-input and agri-output. By integrating technology into farming operations, Eratani aims to improve efficiency, drive sustainability and foster growth in Indonesia’s agricultural industry.
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.
Logistics Tech, Indonesia
Fresh Factory is a Jakarta-based company that has built a hyperlocal cold-chain fulfilment enabler for enterprises and SMEs to do online Direct-to-Consumer (DTC) and Direct-to-Retail (DTR) fulfilment. Their mission is to become the default destination for all cold chain fulfilment needs in Indonesia
GoTo Group is the largest digital ecosystem in Indonesia, with a mission to “empower progress” by offering technology infrastructure and solutions that help everyone to access and thrive in the digital economy. GoTo’s ecosystem comprises of on-demand transport, e-commerce, food and grocery delivery, logistics and fulfillment, and financial services through the Gojek, Tokopedia and GoTo Financial platforms.
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 2014, Coinhako is a leading digital asset exchange based in Singapore, providing compliant ramp on/off services for digital assets with fiat local currencies. Coinhako is the first local non-bank crypto exchange to provide Digital Payment Tokens Services under the Payment Services Act from Monetary Authority of Singapore.
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.
Conglomerate, Sri Lanka
John Keells Holdings (JKH) is one of the largest listed companies on the Colombo Stock Exchange, with business interests primarily in transportation, leisure, property, consumer foods and retail, financial services and information technology.
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.
Blockchain, Cayman Islands
P2P Staking is a provider of secure non-custodial staking services intended to help investors compound their cryptocurrency investments. The company offers products related to staking, RPC nodes, whitelabelled nodes, enabling customers to access secure non-custodial staking with slashing insurance and uptime guarantees
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.
Solv aims to accelerate growth for India’s 60Mn+ MSMEs by leveraging technology and data. Solv’s B2B commerce platform offers India’s MSME sector an open and inclusive trade ecosystem across the entire value chain. The platform facilitates connections and negotiations with verified sellers and buyers, door-step pick-up and delivery of goods, timely and easy access to finance as well as simplified business support functions.
Developer of an investment platform intended to help international financial institutions improve their user experience and localization. The company’s platform provides digital banking technologies and scenario-based new financing product designs, enabling clients to create new digital financial products.
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)(EXITED)
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.
Seedbox Technologies, Inc.
Operator of a wealth management platform intended to make investing easy. The company’s platform is a fully digital marketplace for investments and financial products in the Philippines and aims to help Filipinos reach their financial goals by providing various managed funds such as mutual funds, UITF and PERA products, enabling Filipinos to invest in mutual funds online as per their convenience.
SBI Japannext (EXITED)
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.
Sunshine Holdings (EXITED)
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) (EXITED)
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.
Blockchain, United States
Transak is a leading Web3 onboarding infrastructure provider. Its API-driven solutions enable web3 platforms to onboard users to 130+ crypto assets from 150+ countries, abstracting away the complexity of user KYC, risk monitoring & compliance, payment methods and customer support. Transak’s On/Off-Ramp widget can be integrated into an app in just a few lines of code.
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) (EXITED)
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) (EXITED)
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.
Young operates an end-to-end crypto platform covering all their customers needs. Starting from a gamified approach to learn about the crypto space, to offering a crypto exchange with access to 60+ underlying assets, Young aims to accompany users throughout every step of their crypto journey.