(This text has been up to date with new particulars from 2C2P)
Singapore- and Bangkok-headquartered funds processing firm 2C2P has established a VC arm to make strategic investments in funds and associated sectors.
With the launch of 2C2P.VC, the fintech firm goals to additional speed up the expansion of its omni-channel funds platform in Southeast Asia and past.
The enterprise arm will primarily concentrate on strategic partnerships and investments in complementary companies that supply alternatives for additional vertical integration and geographic growth outdoors of 2C2P’s core markets.
Additionally Learn: 2C2P receives US$52M funding from IFC, Cento Ventures, Arbor Ventures, focussing on growth
Aung Kyaw Moe, Founder and Group CEO of 2C2P, stated: “There are a selection of firms the place we see a robust strategic match — both attributable to thrilling new applied sciences, complementary merchandise or geographic presence in markets the place we need to be sooner or later.”
“Above all, we search for groups who need to be part of our development journey. With our newest funding spherical in 2019, we at the moment are ready to spend money on such firms and companion with them much more carefully going ahead,” he added.
Headquartered in Singapore, 2C2P.VC might be led by Eva Weber, who not too long ago joined 2C2P’s administration group as Funding Director. Weber brings along with her greater than 15 years of expertise within the monetary providers trade, having labored throughout a spread of firms together with Merrill Lynch, IFC, Naspers and Adyen.
“Our funding arm is a part of 2C2P, not a fund,” Weber instructed e27 in an emailed response. “This construction supplies us with lots of flexibility and full alignment of pursuits – to speed up the expansion of 2C2P.”
Reasonably than concentrating on a particular variety of investments, she stated, 2C2P.VC goals to spend money on firms that align with its technique, i.e, to develop our omni-channel platform and develop into new markets.
“We consider every alternative and decide the funding dimension and degree of involvement we need to have, accordingly. Usually talking, we glance to take a minority stake with the view of accelerating our stake over time,” she famous.
“We’re always assembly new firms as a part of our regular course of enterprise, and infrequently have interaction with them on industrial partnerships. We now have the chance to help them through our funding arm,” Weber added.
2C2P will proceed to concentrate on strengthening its core markets of Southeast Asia (Thailand, Indonesia, Malaysia, Myanmar, the Philippines and Singapore), however can be on the lookout for firms that may assist it develop outdoors the area.
The launch of 2C2P.VC comes on the again of the corporate’s US$52 million fundraise, led by a world consortium of traders, together with IFC, Cento Ventures, and Arbor Ventures, in November 2019.
2C2P helps companies settle for funds from tens of millions of shoppers around the globe on its omni-channel platform (on-line, cellular and in-store channels). It operates throughout Southeast Asia, North Asia, the US, and Europe.
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