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Top 20 Financial Services VC Funds & Investors in Myanmar (September 2026)

The most active venture capital funds investing in Myanmar Financial Services startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Myanmar Financial Services startup companies. Find investors to raise a Seed, Debt Financing or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Yoma Bank
VC Fund
2 Myanmar Debt Financing Finance, Agriculture, Coffee $6k–$2.6M
Belgian Investment Company for Developing Countries
VC Fund
1 Kenya, India, Belgium Debt Financing, Non-Equity Assistance, Venture - Series Unknown Financial Services, Finance, Banking $16k–$17M
OPIC - Overseas Private Investment Corporation
VC Fund
1 India, United States, Kenya Debt Financing, Post-IPO Debt, Grant Financial Services, Solar, Renewable Energy $4M–$500M
AGD Bank
VC Fund
1 Myanmar Debt Financing Financial Services, Banking, Finance $920k–$6M
Nordic Microfinance Initiative
VC Fund
1 India, Uganda, Myanmar Venture - Series Unknown, Series B, Series C Financial Services, Finance, Banking $3.6M–$24M
KFW DEG
VC Fund
1 India, Kenya, United States Debt Financing, Grant, Private Equity Financial Services, Energy, FinTech $100k–$350M
Incofin Investment Management
VC Fund
1 India, Kenya, Rwanda Series A, Series B, Debt Financing Financial Services, Finance, Banking $3M–$46M
Golden Equator Ventures
VC Fund
1 Singapore, Taiwan, Indonesia Series A, Series B, Seed Software, Apps, FinTech $800k–$27M
BOPA
VC Fund
1 India, Myanmar Venture - Series Unknown, Pre-Seed Finance, Financial Services, Credit $2.5M–$5M
Miraidoa
VC Fund
1 Japan, United States, Myanmar Venture - Series Unknown, Seed, Series A Manufacturing, Health Care, Information Technology $96k–$16M
Finnfund
VC Fund
1 Kenya, India, South Africa Debt Financing, Venture - Series Unknown, Series B Financial Services, Energy, FinTech $2.1M–$137M
PHYZ
VC Fund
1 Myanmar Seed Cloud Computing, Financial Services, Management Consulting
agRIF
VC Fund
1 Myanmar Series A Rental, FinTech, Finance
Norfund
VC Fund
1 Kenya, South Africa, Nigeria Private Equity, Venture - Series Unknown Financial Services, Energy, Renewable Energy $7.4M–$125M
Symbiotics Group
VC Fund
1 India, Ghana, United States Debt Financing, Post-IPO Debt, Seed Financial Services, FinTech, Finance $2.3M–$165M
Daiwa PI Partners
VC Fund
1 Myanmar, Vietnam, Malaysia Venture - Series Unknown, Series C, Series B E-Commerce, FinTech, Finance $6.3M–$61M
Asia Impact Investment Fund
VC Fund
1 China, Myanmar Series C, Venture - Series Unknown Finance, Education, E-Learning
Insitor Partners
VC Fund
1 India, Cambodia, Pakistan Seed, Series A Financial Services, FinTech, Finance $736k–$6M
Danish Investment Fund for Developing Countries
VC Fund
1 France, Zambia, Myanmar Venture - Series Unknown, Private Equity Energy, Renewable Energy, Water $5M–$16M
Proparco
VC Fund
1 India, Kenya, Nigeria Debt Financing, Private Equity, Venture - Series Unknown Financial Services, Energy, Finance $447k–$290M
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Investor list

Yoma Bank
VC Fund · Yangon, Yangon, Myanmar · 2 investments in Myanmar Financial Services startups

Yoma Bank is a progressive domestic bank that provides banking services in Myanmar. Over the past few years, Yoma Bank has made significant investments in strategic priorities - people, technology and corporate governance. Yoma Bank is Myanmar's fourth largest bank by assets with 3000+ employees and 65 branches across the country. Yoma Bankwas the International Finance Corporation's (IFC) first direct investment in Myanmar in 2014 and it benefitted from a comprehensive 3-year advisory package to upgrade credit risk management, finance, treasury, product development and to procure a new core banking system (Misys Fusion Banking Essence). Yoma Bank also receives ongoing technical assistance from GIZ, the German development agency, to improve and expand our SME lending. In 2015, Yoma Bank formed a strategic partnership with Telenor (Myanmar's largest foreign Telco) to develop nationwide digital financial services through the formation of Wave Money, a mobile financial services company. Yoma Bank has benefitted from a significant grant from LIFT, a multi-donor, UNDP administered trust fund, to expand agribusiness finance to Myanmar's underserved agricultural community - a key segment in Myanmar’s development. Technical assistance for this program is provided by Rabo Bank, a Dutch agricultural bank.

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Investment focus

  • Industry: Finance, Agriculture, Coffee
  • Stage:Debt Financing
  • Geography: Myanmar

Investor stats

  • Total investments: 3
  • Round size: Debt Financing $6k–$2.6M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Mandalay Coffee Group — Your source for high-quality Myanmar coffees
  • Maha Agriculture Microfinance — Maha Agriculture Microfinance provides financial services. They offer services for farmers, vendors, micro, small, and medium enterprises, and livestock.
  • Myanmar Finance International Limited — Myanmar Finance International Ltd. (MFIL) was successfully established in 1st September 2014 founded by Myanmar Finance Company Limited - the locally owned company, and Myanmar Investments Limited - the Singapore based company
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Belgian Investment Company for Developing Countries
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Myanmar Financial Services startups

BIO invests in SMEs in developing countries and makes a structural contribution to the socio-economic growth.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Non-Equity Assistance, Venture - Series Unknown
  • Geography: Kenya, India, Belgium

Investor stats

  • Total investments: 117
  • Round size: Debt Financing $1.6M–$17M; Non-Equity Assistance $16k–$145k; Venture - Series Unknown $43k–$9.8M
  • Lead/follow: 53% lead, 47% follow

Portfolio highlights

  • Amartha — Amartha Mikro Fintech - P2P Lending Indonesia. Alternatif investasi dengan modal terjangkau mulai 100Rb. Tedaftar OJK, Imbal hasil 15%* & Berdampak Sosial.
  • Coris Holding — Coris Holding is a financial institution that was established with the motive to provide support to SMEs and SMIs.
  • Orchidia Pharmaceutical — Orchidia Pharmaceutical Industries (Orchidia) is an outstanding Egyptian company specialized in the production of pharmaceutical ophthalmic products.
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OPIC - Overseas Private Investment Corporation
VC Fund · Washington, District of Columbia, United States · 1 investments in Myanmar Financial Services startups

The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advancesU.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers.OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.

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Investment focus

  • Industry: Financial Services, Solar, Renewable Energy
  • Stage:Debt Financing, Post-IPO Debt, Grant
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 27
  • Round size: Post-IPO Debt $40M–$500M; Debt Financing $4M–$200M
  • Lead/follow: 78% lead, 22% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2014

Portfolio highlights

  • BURN — Experience clean, safe, and affordable cooking with BURN's innovative cookstoves. Impact lives, reduce emissions, and enjoy delicious meals. Shop now!
  • Twiga Foods — Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.
  • Peak Rare Earths — Peak Rare Earths Limited (ASX:PEK) is focused on becoming one of the few integrated suppliers of NdPr Oxide (rare earths) outside of China.
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AGD Bank
VC Fund · Yangon, Yangon, Myanmar · 1 investments in Myanmar Financial Services startups

Asia Green Development Bank Ltd., Myanmar.

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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing
  • Geography: Myanmar

Investor stats

  • Total investments: 2
  • Round size: Debt Financing $920k–$6M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Mahar Bawga Finance — Founded in 2020, MBF was created with a simple mission: to make banking accessible, transparent, and enjoyable for everyone.
  • Hayman Capital Co. Ltd — Hayman Capital Co. Ltd is providing high quality and innovative financial solutions for micro-entrepreneurs and individuals across the Myanmar Region. Hayman Capital Co. Ltd is developing an in-depth understanding of the needs of low-income households and using flexible approaches and delivery mechanisms to provide increased financial access tosuch families.
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Nordic Microfinance Initiative
VC Fund · Oslo, Oslo, Norway · 1 investments in Myanmar Financial Services startups

The Norwegian Microfinance Initiative (NMI) is an innovative strategic partnership between the Norwegian public and private sectors that will invest in microfinance institutions (MFIs) in developing countries and provide professional assistance and technical support for these institutions. The mission of NMI is to contribute to the empowerment ofpoor people and to the creation of jobs, wealth, and economic and social sustainability in developing countries by investing in and supporting MFIs.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Venture - Series Unknown, Series B, Series C
  • Geography: India, Uganda, Myanmar

Investor stats

  • Total investments: 19
  • Round size: Series B $3.6M–$24M; Series C $3.6M–$19M; Venture - Series Unknown $4.3M–$14M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — raised $105M in 2018

Portfolio highlights

  • Tugende — Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.
  • Sitara — Apply for home loans with Sitaara Housing Finance. Enjoy affordable interest rates, quick approval, and easy documentation for your dream home.
  • Light Microfinance — Light Microfinance is a non-banking finance company registered with the Reserve Bank of India. Headquartered at Ahmedabad, Gujarat, Light Microfinance provides micro and meso finance products and services with gender and poverty-focused programs, targeting rural and peri-urban areas, with a specific focus on poor women. The company operates inGujarat, Rajasthan and Madhya Pradesh and is one of the fastest growing microfinance companies in India today.
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KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 1 investments in Myanmar Financial Services startups

KFW DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. Their customers can rely on their expertise: They can benefit from their market knowledge, their 21 locations worldwide, and their international network. For entrepreneurial success and development.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Grant, Private Equity
  • Geography: India, Kenya, United States

Investor stats

  • Total investments: 126
  • Round size: Grant $100k–$1.1M; Debt Financing $15M–$350M; Private Equity $10M–$274M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Fibra Nova — Fibra Nova is a real estate investment trust that specializes in the acquisition, management, and development of properties for leasing.
  • Combio Energia — ComBio Energia Provide energy generation solutions with renewable sources, creating, growing, and long-term economic value. They develop projects for steam generation and cogeneration of electricity with biomass, which promote environmental improvements and significant cost reductions for customers in the industrial segment. They offer, based on adetailed analysis of the needs of each customer, a dedicated energy solution, adapted to their consumption profile.
  • MSU Green Energy — MSU Green Energy is a solar investment company that develops renewable energy and solar projects.
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Incofin Investment Management
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Myanmar Financial Services startups

Incofin Investment Management (Incofin IM) manages funds that invest in microfinance institutions (MFIs) in developing countries. MFIs provide financial services, such as credits, savings and insurances, to people who cannot have recourse to regular banks. As a specialist in rural microfinancing, Incofin IM’s main goal is to reach out to people wholive in more secluded rural areas and/or who are active in the agricultural sector.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Series A, Series B, Debt Financing
  • Geography: India, Kenya, Rwanda

Investor stats

  • Total investments: 39
  • Round size: Series A $4M–$8.1M; Series B $3.5M–$46M; Debt Financing $3M–$10M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $68M in 2025

Portfolio highlights

  • SuperZop — SuperZop is an Agri-commerce platform for Kirana stores that is transforming the unorganized retail sector with the use of disruptive technologies and process innovations. The platform also specializes in distribution, retail, technology, supply chain, B2B. It also has the goods delivered at his shop in quick time and easy to use vernacularinterface the retailer can order all his grocery demands with a click of a button.SuperZop was founded in 2016 and is headquartered in Ahmedabad, Gujarat, India.
  • Ace International — ACE International manufactures and distributes dairy powders, milk proteins, and other food grade components.
  • Ficohsa — Ficohsa is a bank that provides financial products and services. They specialize in personal banking, corporate banking, entrepreneurial banking, mortgage banking, credit cards, and more.
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Golden Equator Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Myanmar Financial Services startups

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Investment focus

  • Industry: Software, Apps, FinTech
  • Stage:Series A, Series B, Seed
  • Geography: Singapore, Taiwan, Indonesia

Investor stats

  • Total investments: 18
  • Round size: Seed $800k–$4.1M; Series A $2M–$6.3M; Series B $4.6M–$27M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $88M in 2018

Portfolio highlights

  • Jenfi — Jenfi provides founder-friendly revenue-based financing and payment solutions to rapidly grow startups and digital businesses in Southeast Asia.
  • Baskit — baskit | Empowering wholesalers and distributors with the world's first cloud-native all-in-one app
  • Pop Meals — Expect exciting, locally trending meals at an affordable price! Now with dine-in, pickup and delivery .
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BOPA
VC Fund · Singapore, Central Region, Singapore · 1 investments in Myanmar Financial Services startups

BOPA is a Singapore-based equity investor in microfinance institutions.

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Investment focus

  • Industry: Finance, Financial Services, Credit
  • Stage:Venture - Series Unknown, Pre-Seed
  • Geography: India, Myanmar

Investor stats

  • Total investments: 3
  • Round size: Venture - Series Unknown $2.5M–$5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Navadhan Capital — Navadhan Capital offers capital to under-banked households.
  • Sambandh Finserve — Sambandh Finserve is a fintecu solution compnay. They provide phone banking services. They provide products that include watsan, suvidha, saral, and saksham. An online inquiry form is available on the company's website.
  • Alliance for Microfinance in Myanmar — Microfinance in Myanmar
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Miraidoa
VC Fund · Kyoto, Kyoto, Japan · 1 investments in Myanmar Financial Services startups, 10 in the past 12 months

Future Venture Capital Co., Ltd. is a venture capital firm specializing in early stage investment. The firm invests in diversified investment in a broad range of industrial sectors. It seeks to invest in Japan. The firm prefers to be the lead investor in its portfolio companies. Future Venture Capital Co., Ltd. was founded in 1998 and is based inKyoto, Japan with offices in Tokyo, Aomori, Iwate, Yamagata, Kanazawa, Mie, Sakai, Kobe, and Ehime.

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Investment focus

  • Industry: Manufacturing, Health Care, Information Technology
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Japan, United States, Myanmar

Investor stats

  • Total investments: 165
  • Round size: Seed $338k–$5.3M; Series A $1.2M–$16M; Venture - Series Unknown $96k–$4.6M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $2.5M in 2020

Portfolio highlights

  • Naorai — Naorai is a food and beverage firm that manufactures wine, beer, spirits, and non-alcoholic beverages.
  • Sinumy — Sinumy develops touchless identity authentication technology and high-speed, high-precision position measurement technology.
  • Dioseve — Dioseve is providing novel possibilities for all life.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Myanmar Financial Services startups

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Venture - Series Unknown, Series B
  • Geography: Kenya, India, South Africa

Investor stats

  • Total investments: 73
  • Round size: Series B $5M–$41M; Debt Financing $4M–$137M; Venture - Series Unknown $2.1M–$20M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fresh fund, raised $93M in 2025

Portfolio highlights

  • Bank Respublika — Bank Respublika builds its relations with customers on the principle of maximum benefit to them. It is to constantly improve the quality of customer service, expand services and improve conditions. It cooperates with various international and foreign financial institutions, and one of the main directions of this cooperation is the implementationof various programs for business lending and trade finance.
  • Transvolt Mobility — Transvolt Mobility is an early-stage, technology-driven EV fleet operator, enabling India’s transition to sustainable, zero-emission transport by providing a scalable, multi-partner platform for commercial electric mobility across urban and industrial segments.
  • ETG — ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, andSouth East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. ETG runs its business under five business verticals: 1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa 2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa 4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa.
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PHYZ
VC Fund · Osaka, Osaka, Japan · 1 investments in Myanmar Financial Services startups

Phyz is an EC solutions services" for the company business.

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Investment focus

  • Industry: Cloud Computing, Financial Services, Management Consulting
  • Stage:Seed
  • Geography: Myanmar

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Linklusion — Linklusion is a system development and management support for microfinance institutions in developing countries. Linklusion provides management support such as business improvement and fund procurement to help institutions to deliver better financial services to more people with the power of technology.
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agRIF
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Myanmar Financial Services startups

agRIF is an impact-focused fund managed by global impact asset manager Incofin Investment Management.

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Investment focus

  • Industry: Rental, FinTech, Finance
  • Stage:Series A
  • Geography: Myanmar

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Rent 2 Own(Myanmar) — Rent2Own is the first company in Myanmar offering a flexible rental service to help prospective buyers acquire asset . Providing tailored options to those in need of asset, but lacking the means to buy in one go. Their main focus is helping entrepreneurs, often farmers, to buy the asset they need to generate income and grow their business.Life isdynamic and ever changing and they help their clients adapt to new circumstances with their flexible contracts that include maintenance and insurance. The contracts can be adjusted anytime and early-terminated without penalty. Thinking about swapping your old motorcycle for a new one? Rent2Own offers the possibility to upgrade. In addition, the option to purchase the bike is available for the whole duration of the contract. After all payments are completed, the ownership of the bike is transferred to the client. They take pride in improving rural mobility. The impact of the availability of transportation can be hardly overstated. A motorcycle helps kids go to school and receive an education. It makes it possible for farmers to sell their products at more distant markets, where they might fetch a higher price. And for those who have found a job further away, a motorcycle allows them to commute.
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Norfund
VC Fund · Oslo, Oslo, Norway · 1 investments in Myanmar Financial Services startups

Norwegian investment fund for developing countries

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Investment focus

  • Industry: Financial Services, Energy, Renewable Energy
  • Stage:Private Equity, Venture - Series Unknown
  • Geography: Kenya, South Africa, Nigeria

Investor stats

  • Total investments: 105
  • Round size: Private Equity $7.4M–$125M; Venture - Series Unknown $8M–$70M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • Erco Energía — We build Solar PV, EV infrastructure and Electric Energy Storage systems. Erco was founded in 2012 and is based in Medellín,Colombia with offices in Cali and Bogotá.
  • CrossBoundary — CrossBoundary Energy's energy solutions help decarbonize enterprise by providing cleaner, cheaper, and more reliable power.
  • mopo — Mobile Power's innovative pay-per-use battery sharing network unlocks clean energy for households, businesses and electric transport in Sub-Saharan Africa.
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Symbiotics Group
VC Fund · Geneva, Geneve, Switzerland · 1 investments in Myanmar Financial Services startups, 7 in the past 12 months

Symbiotics is the leading market access platform for impact investing. Symbiotics offers investment, asset management and capacity building services.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Debt Financing, Post-IPO Debt, Seed
  • Geography: India, Ghana, United States

Investor stats

  • Total investments: 44
  • Round size: Seed $2.3M–$3.2M; Post-IPO Debt $5M–$165M; Debt Financing $2.5M–$37M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Farmnet — Farmnet trading arm of Singapore-headquartered TechCoop, operates as a key player in Vietnam's agricultural supply chain, focusing on commodities trading and related services.
  • iFarmer — iFarmer connects farmers, agri-suppliers and funders with technology, financing, and advisory to boost agricultural productivity and sustainability.
  • Platinum Credit Uganda — We are an ISO Certified Microfinance Company, licensed & regulated by @UgMicrofinAuth Proud Sponsors of the Platinum Credit @HeathensRFC #ThereWhenYouNeedUs
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Daiwa PI Partners
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Myanmar Financial Services startups

Daiwa PI Partners is a private equity firm focused on non-performing loan investments and energy investments.

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Investment focus

  • Industry: E-Commerce, FinTech, Finance
  • Stage:Venture - Series Unknown, Series C, Series B
  • Geography: Myanmar, Vietnam, Malaysia

Investor stats

  • Total investments: 13
  • Round size: Series B $10M–$51M; Series C $50M–$61M; Venture - Series Unknown $6.3M–$45M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • WHILL — WHILL designs and creates personal mobility products for indoor and outdoor applications. WHILL is making transportation enjoyable and smart for everybody. It aims to change the perception of mobility devices such as wheelchairs and scooters through advanced technology and smart design.
  • Carsome — Carsome is an online used car platform that provides efficient car selling services to individuals and entities. Through its online bidding portal, customers are able to sell their vehicles directly to dealers. Carsome facilitates the entire car selling process from inspection to valuation, bidding, and payment as well as logistics needs, allowingthe customers to sell their cars.It was founded in 2015 and headquartered in Malaysia, the company has expanded to Indonesia, Thailand, and Singapore.
  • Quantifeed — Quantifeed is Asia's leading digital wealth management platform for financial institutions.
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Asia Impact Investment Fund
VC Fund · 1 investments in Myanmar Financial Services startups

Asia Impact Investment Fund

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Investment focus

  • Industry: Finance, Education, E-Learning
  • Stage:Series C, Venture - Series Unknown
  • Geography: China, Myanmar

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Tiantianxuenong — Tiantianxuenong develops and owns an agricultural technology knowledge learning platform in China.
  • Alliance for Microfinance in Myanmar — Microfinance in Myanmar
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Insitor Partners
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Myanmar Financial Services startups

Insitor Partners pioneered impact investing as the first impact fund manager to set up operations in Southeast Asia, and a pioneer investor in India and Pakistan. We back entrepreneurs building life-changing solutions for low-income consumers.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A
  • Geography: India, Cambodia, Pakistan

Investor stats

  • Total investments: 35
  • Round size: Seed $736k–$2.5M; Series A $2M–$6M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $42M in 2022

Portfolio highlights

  • HROne — HROne helps companies to automate the employee lifecycle. Awarded best cloud-based software in India & trusted by 4+ lacs users across 18+ industries.
  • Boost Capital — Boost Capital is a fintech company that offers online microfinance services at lower rates. It uses innovative technology to pre-qualify customers within minutes of applying for a loan based on ability and probability to repay. Boost Capital enables both collateralized and uncollateralized loans, with loan size across the small business spectrum(from $100 to $10,000). Its platform automates the loan application for MFI partners and allows customers to hear back on their loan applications 100x faster than through traditional paper-based loan applications.The company was founded in 2018 and is headquartered in Singapore.
  • Butterfly Learnings — Butterfly Learnings is a Leading ABA Therapy, Speech Therapy, and Occupational Therapy Center for parents with special needs children having autism, ADHD, speech delays, down syndrome, learning disabilities & much more.
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Danish Investment Fund for Developing Countries
VC Fund · 1 investments in Myanmar Financial Services startups

Danish Investment Fund for Developing Countries

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Investment focus

  • Industry: Energy, Renewable Energy, Water
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: France, Zambia, Myanmar

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $5M–$16M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Eranove — The Eranove group counts more than 9000 employees all engaged in developping hydroelectric solutions to allow all the pan african citizens to access electricity and drinking water
  • Africa GreenCo — Our mission - addressing creditworthiness to increase generation and growth of renewable energy markets through partnerships and innovative solutions.
  • Alliance for Microfinance in Myanmar — Microfinance in Myanmar
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Proparco
VC Fund · Paris, Ile-de-France, France · 1 investments in Myanmar Financial Services startups

Proparco is devoted to private sector funding in the sustainable development sector.

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Investment focus

  • Industry: Financial Services, Energy, Finance
  • Stage:Debt Financing, Private Equity, Venture - Series Unknown
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 139
  • Round size: Debt Financing $447k–$290M; Private Equity $10M–$60M; Venture - Series Unknown $1.9M–$72M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • BasiGo — BasiGo is an early-stage e-mobility start-up looking to revolutionize the public transportation sector by providing matatu owners with a cost-effective electric alternative to diesel buses.
  • Ecoener — Ecoener is a renewable energy company that develops, builds, operates, and maintains electricity generation projects based on clean energy sources. The company works across hydropower, wind, and solar photovoltaic technologies, managing the full lifecycle of energy facilities from early development and engineering to construction and long-termoperation. It also engages in energy commercialization activities that support the sale and distribution of electricity generated from its assets. Ecoener handles project planning, permitting, environmental assessment, and technical design as part of its infrastructure development process. The company operates and expands renewable energy plants across multiple international markets while integrating maintenance and operational management services for its facilities. It also participates in storage-related and hybrid energy projects that combine different renewable technologies to support grid stability and energy supply efficiency.
  • ETG — ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, andSouth East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. ETG runs its business under five business verticals: 1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa 2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa 4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa.
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Financial Services VC funding in Myanmar at a glance

Stats across 18 deals from 24 investors.

24
investors
in Myanmar Financial Services startups
18
deals
in Myanmar Financial Services startups
$5M
median round
in Myanmar Financial Services startups
58%
lead investors
lead at least one round
33%
Debt Financing
most common funding stage

Access all 24 VC funds in Myanmar Financial Services startups.

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