A team of senior execs from different big players in the fintech industry has come together to set up a network that is targeted at providing the needed financial backing to early-stage startups with good prospects in Southeast Asia.
This alliance, called the Fintech Angel Operators network, brings together senior management members from Wise, Revolut, Remitify, PayPal, Stripe, and Grab and was facilitated by Saison Capital and Finantier.
Their key focus will be to provide monetary and intellectual investment to help new fintech firms in the region experience smooth and rapid growth. The network will structure to operate as cohorts, with more than 100 founders, execs, and operators expected to participate in the first batch.
Funding from the network will be disbursed on a deal-to-deal basis, as agreed by parties interested in each deal, and will follow the standard angel investment structure.
Sagar Gupta, startup ecosystem lead, Stripe, says: “The venture capital ecosystem in Southeast Asia has developed at a rapid pace over the last few years. Yet, it’s rare to have a collection of angels that focus on operational value-add within a particular industry vertical. I’m super excited to see the impact of the Fintech Angel Operators in the region to build a globally impactful ecosystem.”
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