Home / Tech News / Dymon Asia announces first close of its debut $50M fund for fintech

Dymon Asia announces first close of its debut $50M fund for fintech



Hedge fund Dymon Asia is getting into the venture capital game after it announced its maiden fund.

Dymon Asia Ventures is focused on fintech deals and it is targeting a $50 million raise. Today, its founding partners disclosed a first close of $20 million from a range of LPs that include Thai bank Siam Commercial (SCB), which invested an undisclosed sum via its Digital Ventures arm. Dymon Asia said a final close of the fund will happen over the next 12 months.

The Singapore-based firm is looking to invest in 12-15 companies over the lifecycle of the fund. It has already popped the lid and funded a portfolio of five so far: blockchain startup Otonomos, financing firm Capital Match, forex-focused 4XLabs, trading platform Spark Systems and marketing service WeConvene.

In an interview with TechCrunch, Dymon Asia partners Jinesh Patel and Christiaan Kaptein explained the firm’s decision to move into venture capital was related to both keeping abreast of new developments in the market, and seizing upon opportunities that have opened up in Asia. The focus is particularly on Southeast Asia, where the number of internet users is forecast to jump from 260 million today to 480 million by 2020, growing the total digital economy to $200 billion, according to a report co-authored by Google.

“The hype around fintech is warranted in some respects given the opportunity we’re seeing. The fund will be primarily be b2b-focused because that’s where we see the greatest disconnect,” Patel explained.

While plenty of funds have sprung up to tackle Series A deals, Dymon Asia is aiming to cater to a very specific category of fintech-led companies where the partners believe their resources and understanding can move the needle.

“We see that the progression of Series A to Series B is quite tough,” Patel added. “It’s not just about finding capital but the quality of the business there and how we can help, whether it is regulation or finding people, etc.”

Deal-wise, Dymon Asia is looking to invest as early as seed stage, right up until Series B. Typical check sizes will range from $300,000 up to $3 million, the partners said, with “significant reserves” available for follow-on rounds.

Beyond simply playing investor, the firm is also happy to incubate ideas. That’s the route that Spark Systems, the institutional FX trading platform in its portfolio, took to come to market and the model could be applied to other ventures going forward.

The overwhelming feeling the partners have is that, while there are more VC firms than ever, there’s a distinct lack of fintech specialists in Southeast Asia.

“We want to give fintech founders the attention they need, especially the b2b guys who often don’t appeal to traditional VCs,” said Kaptein, who previously wrote about the “fintech hype” in Southeast Asia for TechCrunch.

“Our investors are strategic in nature so the fund is an extension of that network. Our LPs are also looking at companies which helps us. We’ve always been in this sector so our old networks traverse into this fund,” he added.

Featured Image: Rrraum/Shutterstock



Source link

About admin

Check Also

xiaomi_mi6_31.jpg

Xiaomi’s Mi 6 puts iPhone 7 camera tech into a $360 phone — and there’s no headphone jack

Xiaomi unveiled its newest flagship smartphone — the Mi 6 — today at an event ...

67 comments

  1. I’d like to thank you for the efforts you’ve put in writing this site.
    I am hoping to view the same high-grade content by you in the future as well.
    In truth, your creative writing abilities has
    motivated me to get my own website now 😉

  2. Thank you for the article. It vas very helpful.I appeciate your point.Please give me more info on this!

  3. Thanks for finally talking about > Dymon Asia announces first close
    of its debut $50M fund for fintech | Hi Tech news now < Loved it!

  4. It is appropriate time to make some plans for the future and it
    is time to be happy. I have read this post and if I could I want to
    suggest you few interesting things or tips. Perhaps you could write next articles
    referring to this article. I desire to read even more things about
    it!

  5. Greetings, I think your web site could be having web browser compatibility issues.
    Whenever I look at your blog in Safari, it looks
    fine however, if opening in Internet Explorer, it has some overlapping issues.
    I just wanted to give you a quick heads up! Apart from that, excellent website!

  6. Can I just say what a comfort to uncover somebody who actually understands what they’re discussing on the internet.
    You definitely realize how to bring a problem to light
    and make it important. A lot more people really need to look
    at this and understand this side of your story. It’s surprising you’re not
    more popular since you certainly possess the gift.

  7. I’m really impressed with your writing talents as
    smartly as with the format in your weblog. Is this a paid topic or did you modify it yourself?

    Either way keep up the nice quality writing, it’s uncommon to see a great weblog like this one today..

  8. My brother suggested I might like this web site.
    He used to be totally right. This put up truly made my day.

    You can not consider just how much time I had spent for this information! Thank you!

  9. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each
    time a comment is added I get several emails with the same
    comment. Is there any way you can remove me from that service?
    Appreciate it!

  10. Do you mind if I quote a few of your posts as long as I provide credit and sources back to your weblog?
    My website is in the very same area of interest as yours and my
    visitors would certainly benefit from a lot of the information you present here.
    Please let me know if this okay with you. Thanks!

  11. Hi! I just want to offer you a big thumbs up for the
    great info you’ve got here on this post. I will be returning
    to your site for more soon.

  12. Greetings I am so thrilled I found your site,
    I really found you by error, while I was searching on Digg
    for something else, Regardless I am here now and would just like to
    say thank you for a remarkable post and a all round interesting blog
    (I also love the theme/design), I don’t have time to browse it
    all at the moment but I have bookmarked it and also added your
    RSS feeds, so when I have time I will be back to read a great deal more, Please
    do keep up the great b.

  13. I just want to mention I am beginner to weblog and seriously savored this page. Very likely I’m planning to bookmark your site . You surely have remarkable stories. Thanks for sharing your web page.

  14. This design is spectacular! You certainly know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!

  15. Aw, this was an extremely good post. Taking the time and actual effort to create a
    top notch article… but what can I say… I hesitate a lot and don’t manage to get nearly
    anything done.

  16. Great beat ! I wish to apprentice while you amend your website, how can i subscribe for a blog website? The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept

  17. This piece of writing presents clear idea in support of the new people of blogging, that in fact how to do running a blog.

  18. you are in reality a good webmaster. The website loading speed is amazing. It seems that you are doing any unique trick. Moreover, The contents are masterpiece. you’ve performed a magnificent process in this subject!

  19. Thanks for a marvelous posting! I definitely enjoyed reading it, you happen to be a great author.

    I will be sure to bookmark your blog and will often come back sometime soon. I want to encourage continue your great posts, have a nice
    day!

  20. Incredible points. Outstanding arguments. Keep up the good effort.

  21. It’s clear you’re passionate about the issues.

  22. I visited various web pages however the audio feature for audio
    songs current at this web page is actually excellent.

  23. If you desire to obtain a good deal from this post then you have to apply these strategies to
    your won web site.

  24. My spouse and I stumbled over here coming from a different web page and thought I might check things out. I like what I see so now i am following you. Look forward to finding out about your web page for a second time.

  25. Just desire to say your article is as surprising. The clearness to your post is just excellent and that i could assume you are a professional in this subject. Fine with your permission let me to grasp your RSS feed to keep up to date with forthcoming post. Thank you 1,000,000 and please keep up the enjoyable work.

  26. Enjoying the 1980s Is unquestionably was attempting on to find more remarkable models, Toyota offers you launched its privilege brand Lexus At America. The products you offer will, of course, be dependent on the suppliers you can find.

  27. Hi There! We are looking for experienced people that might be interested in from working their home on a part-time basis. If you want to earn $100 a day, and you don’t mind developing some short opinions up, this might be perfect opportunity for you! Simply click the link here NOW!

  28. At this time it appears like BlogEngine is the preferred blogging platform out there
    right now. (from what I’ve read) Is that what you are using on your blog?

  29. What’s up to every one, since I am in fact eager of reading this blog’s post
    to be updated regularly. It carries good stuff.

  30. Wow, wonderful blog layout! How long have you
    been running a blog for? you made running a blog glance easy.
    The entire look of your website is excellent,
    let alone the content material!

  31. Undeniably consider that that you said. Your favorite justification seemed to be on the
    internet the easiest factor to be mindful of. I say to you, I definitely get irked at
    the same time as folks consider issues that they
    plainly do not recognise about. You controlled to
    hit the nail upon the highest as smartly as outlined out the whole thing with no need side effect , other people could take a signal.
    Will likely be again to get more. Thanks

  32. Thanks for sharing your thoughts on ig. Regards

  33. There may be noticeably a bundle to know about this. I assume you made sure nice points in options also.

  34. Hey there! Do you know if they make any plugins to protect against hackers?

    I’m kinda paranoid about losing everything I’ve worked
    hard on. Any suggestions?

  35. Simply wish to say your article is as astonishing.
    The clarity for your publish is simply great and that
    i can think you are knowledgeable in this subject. Fine with your permission allow me to grasp your RSS
    feed to stay up to date with forthcoming post. Thanks a million and please keep up
    the enjoyable work.

  36. Thank you for some other magnificent article. The place else may anyone get that type of info in such an ideal
    approach of writing? I have a presentation next week, and I’m at the
    search for such info.

  37. Hi there friends, how is the whole thing, and what you desire to say on the topic
    of this piece of writing, in my view its truly awesome for me.

  38. Heya this is kind of of off topic but I was wondering if blogs use WYSIWYG editors or if you have to
    manually code with HTML. I’m starting a blog soon but have no coding experience so I wanted to
    get guidance from someone with experience. Any help would be greatly appreciated!

  39. Woah! I’m really digging the template/theme of this site.
    It’s simple, yet effective. A lot of times it’s very hard to get that “perfect balance” between usability and appearance.
    I must say you have done a fantastic job with this.
    In addition, the blog loads super fast for me on Internet explorer.
    Exceptional Blog!

  40. Oh my goodness! Amazing article dude! Thanks, However I am experiencing troubles with your RSS.
    I don’t know why I can’t subscribe to it. Is there anyone
    else having similar RSS problems? Anyone who knows the answer can you kindly respond?
    Thanks!!

  41. This is very interesting, You are a very professional blogger.

    I’ve joined your feed and sit up for in quest of extra of your
    wonderful post. Additionally, I’ve shared your web
    site in my social networks

  42. I think this is among the most important information for me.
    And i’m glad reading your article. But want to remark on some general things, The
    site style is perfect, the articles is really great :
    D. Good job, cheers

  43. Do you mind if I quote a few of your articles as long as I provide
    credit and sources back to your site? My blog is
    in the very same niche as yours and my visitors would genuinely benefit from some of the information you provide here.
    Please let me know if this okay with you. Appreciate it!

  44. We are a gaggle of volunteers and opening a brand new scheme in our community.
    Your website provided us with valuable information to work on. You’ve performed
    a formidable task and our entire group will probably be thankful to you.

  45. Your mode of telling everything in this paragraph is actually fastidious, all can effortlessly understand it,
    Thanks a lot.

  46. Howdy this is kinda of off topic but I was wanting to know
    if blogs use WYSIWYG editors or if you have to manually
    code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience.

    Any help would be greatly appreciated!

  47. I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come more formerly again as exactly the same nearly very often inside case you shield this increase.

  48. The Zune concentrates on being a Portable Media Player. Not a web browser. Not a game machine. Maybe in the future it’ll do even better in those areas, but for now it’s a fantastic way to organize and listen to your music and videos, and is without peer in that regard. The iPod’s strengths are its web browsing and apps. If those sound more compelling, perhaps it is your best choice.

  49. You could certainly see your skills within the work you write. The sector hopes for more passionate writers like you who are not afraid to say how they believe. Always go after your heart.

  50. It’s hard to come by knowledgeable people in this particular subject,
    however, you sound like you know what you’re talking about!
    Thanks

  51. Hi, this weekend is fastidious designed for me, for the reason that this occasion i am reading this
    wonderful informative article here at my residence.

  52. Hey! I know this is kinda off topic however , I’d figured I’d
    ask. Would you be interested in exchanging links or maybe guest authoring a blog
    post or vice-versa? My website goes over a lot of the
    same topics as yours and I believe we could greatly benefit from each other.
    If you are interested feel free to shoot me an e-mail. I
    look forward to hearing from you! Excellent blog by the way!

  53. Its such as you read my thoughts! You seem to grasp so much approximately this, such as you wrote the
    e-book in it or something. I think that you can do with a few
    % to drive the message house a little bit, but instead of that,
    that is great blog. An excellent read. I’ll
    definitely be back.

  54. Hey! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success.
    If you know of any please share. Thanks!

  55. Hi there, I enjoy reading through your article.
    I like to write a little comment to support you.

  56. Hi there every one, here every one is sharing these knowledge, therefore it’s nice to read this webpage,
    and I used to visit this website every day.

  57. Hello I am so delighted I found your site, I really found you by mistake, while I was searching on Aol for something
    else, Regardless I am here now and would just like to say many thanks for a fantastic
    post and a all round exciting blog (I also love the
    theme/design), I don’t have time to go through it all at
    the moment but I have book-marked it and also added your RSS
    feeds, so when I have time I will be back to read a lot more, Please do keep up
    the great job.

  58. Wow, amazing blog structure! How long have
    you ever been running a blog for? you make blogging glance easy.
    The total look of your web site is fantastic, as smartly as the
    content material!

  59. I feel this is among the so much vital information for me.
    And i’m happy reading your article. However should remark on few basic things, The website taste is perfect,
    the articles is in reality nice : D. Just right task, cheers

  60. I will immediately grab your rss feed as I can’t find your email subscription hyperlink or newsletter
    service. Do you’ve any? Kindly permit me recognize in order
    that I may subscribe. Thanks.

  61. Greetings from Ohio! I’m bored to death at work so I decided to browse
    your site on my iphone during lunch break. I really like the information you provide here and can’t wait to take a look when I get home.
    I’m shocked at how fast your blog loaded on my phone ..
    I’m not even using WIFI, just 3G .. Anyhow, wonderful site!

  62. Wonderful beat ! I wish to apprentice whilst you amend your web site, how can i
    subscribe for a blog site? The account aided me a appropriate
    deal. I were a little bit acquainted of this your broadcast offered brilliant clear idea

  63. I am sure this article has touched all the internet visitors, its
    really really nice paragraph on building up new webpage.

  64. Have you ever considered about adding a little bit more than just your articles?
    I mean, what you say is valuable and everything. However just imagine if you added some
    great images or videos to give your posts more, “pop”! Your content is excellent but with images
    and clips, this website could certainly be one of the best in its field.
    Great blog!

  65. Pretty! This has been a really wonderful post.

    Thanks for providing these details.

  66. Hi my friend! I wish to say that this article is awesome, nice written and come with approximately
    all important infos. I’d like to peer more posts like this .

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>