# AFG Partners

> AFG Partners is a VC fund in Hong Kong backing Software and FinTech. See 17 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Hong Kong, Hong Kong
- Total investments: 17
- Last investment: Jun 2026
- Lead investor: 0%
- Fund size: $30M
- Last fund: Apr 2023
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/afg-partners/
- Website: https://www.afgvc.com/

AFG Partners is a FinTech Venture Capital Fund with the mission to be the growth partner for the next generation of global and regional FinTechs that will transform Asian Financial Services. AFG invests in Seed+ to Series B Enterprise / B2B FinTechs that partner with both incumbent financial institutions to counter the wave of disruption aswell as new emerging players in big tech / e-commerce that want to secure their place in a world where tech and finance are merging. We invest in Fintechs built by entrepreneurs with specific domain expertise, strong industry networks, solving difficult problems and who are reliable partners and addressing the critical needs of Financial Institutions and challengers.Managed and advised by leaders and specialists in Asian Financial Services and backed by curated industry professionals invested in the Fund. AFG Partners has a unique network of Asian Financial Services expertise, with extensive industry connections that we leverage to accelerate the growth of Asian FinTechs across the region and the expansion of global FinTechs into Asia.

## Contacts

5 contacts available for AFG Partners. Shizune tracks 2 team members at AFG Partners. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/afg-partners?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.8M–$9M |
| Series A | $8M–$26M |
| Series B | $11M–$58M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 10 | 59% |
| FinTech | 8 | 47% |
| Financial Services | 6 | 35% |
| Finance | 3 | 18% |
| Internet | 3 | 18% |

39 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 7 | 41% |
| Seed | 5 | 29% |
| Series A | 4 | 24% |
| Venture - Series Unknown | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 5 | 29% |
| United States | 4 | 24% |
| Singapore | 2 | 12% |
| India | 1 | 6% |
| France | 1 | 6% |

9 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ivan Ong | General Partner | 4 | https://shizune.co/investors/profile/ivan-ong-ef84 |
| Tim Phillipps | Specialist | 0 | https://shizune.co/investors/profile/tim-phillipps |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Baz | Developers no longer have to manually piece together the impact of pull requests; Baz models, analyzes and reviews code changes, detecting breaking changes, enforcing consistency, and highlighting misaligned coding patterns. Baz makes every review faster, more accurate, and aligned with the real-world impact of the code changes being made. | $9M | Seed | Jun 29, 2026 |  |
| Fifth Dimension AI | Fifth Dimension AI is to analyze high-value data faster, create better content, and perform performing marketing. | $26M | Series A | May 11, 2026 |  |
| Adclear | Financial promotion compliance, in seconds. Scale your marketing operations while reducing risk.Marketing teams need instant approvals while compliance teams drown in manual reviews. The result? Missed opportunities, increased risk, and frustrated teams on both sides. There's a better way to manage financial promotions.Adclear ensurescreative marketing is compliant with FCA regulations, whilst providing an in-depth audit trail for compliance teams. Our AI-powered platform turns days of work into seconds.Instant approvals. Real-time marketing. Zero bottlenecks. Adclear empowers your team to move fast and stay compliant. | $2.8M | Seed | Nov 13, 2025 |  |
| Reflectiz | Reflectiz is a cybersecurity company that provides a web exposure management platform that protects enterprises from client-side and supply-chain web threats. Its platform offers an agentless, remote-deployment solution that scans websites for first-, third-, and fourth-party scripts and services. It identifies their behaviors and prioritizes riskssuch as web skimming, malicious JavaScript, data exfiltration, and tag-based vulnerabilities—all without requiring installation on the client’s site.Reflectiz’s core features include an Exposure Rating system that quantifies risks from web-based third-party components and services, real-time behavioral simulations to uncover hidden vulnerabilities, and compliance modules for PCI DSS 4.0, GDPR, and CCPA. The platform also supports vendor and asset inventory management for web supply chains while maintaining minimal impact on website performance. | $22M | Series B | Oct 29, 2025 |  |
| AdvantageClub.ai | Advantage Club provides an AI-driven platform intended for driving employee engagement. It delivers programs that connect and benefit both the brands and an organization's clients/employees. The company intends to provide an end-to-end solution to facilitate meaningful client and employee engagement through exclusive privileges andrewards provided by its brand partners. | $4M | Seed | Dec 02, 2024 |  |
| Grey Market Labs | Grey Market Labs® is a Certified B-Corp founded with the mission to protect digital life. Our Replica Platform powers Secure Environments as-a-Service (SEaaS), making organizations more protected with our patented privacy and Zero Trust approach to security and more productive by increasing access to critical data, tools, and workflows fromanywhere. This spans support of Investigations, Industrial IP/Espionage Protections, Open Source and Commercial Data Acquisition, Managed Attribution, Machine Learning, Data Science, Secure DevOps and more. Our experienced commercial engineering talent and public benefit mission combined with our decades long experience supporting the IC/DoD provides a trusted resource for all our customers. | $8M | Series A | Nov 21, 2024 |  |
| Supercede | Supercede is an independent reinsurance technology company that supports, rather than disintermediates, the traditional tripartite value chain. We offer a digital ecosystem for all reinsurance industry stakeholders to let them show what they can really do, unhindered by the burden of manual admin. Our product is a powerful, Lloyd’s-recognised,data-centric, global trading platform designed specifically for the reinsurance community of cedents, brokers and reinsurers. It offers the leading outwards analytics solution, in an intuitive placement platform, with access to a global reinsurance network.Supercede supports networking and collaboration, with group chat threads, rapid file sharing, and workflow tools linked to every placement. We help optimise the reinsurance lifecycle, from capturing single-entry, actuarial-grade data, to doing the deal, to driving on-going administration. If you haven’t met us yet, come and find us on www.supercede.com. We are a team of industry experts, technologists and strategists changing reinsurance for the better, for everyone. | $15M | Series A | Jun 27, 2024 |  |
| Robin | Robin is the pioneering Legal Intelligence company, transforming how businesses understand and leverage their legal agreements. Founded in 2019, Robin serves Fortune 500 companies and growing enterprises with AI-powered contract analysis and legal workflow automation. The company is backed by leading investors including Paypal Ventures, Temasek andPlural.Through proprietary AI models, and partnerships with Anthropic and AWS, in-house legal teams can extract, synthesize and analyze data across contracts and legal documents at scale, integrating with CLMs, SharePoint, Box, Google Drive, and Dropbox. | $26.5M | Series B | Jan 02, 2024 |  |
| Necto | Necto platform harnesses the power of next generation, API driven bank connectivity. | $8M | Seed | Dec 04, 2023 |  |
| Sprout Solutions | Sprout is a payroll and HR software provider, focusing on emerging markets. Sprout fully automates timekeeping and attendance, replacing spreadsheets and printed forms with biometrics, single-click processing, and prescriptive analytics. Sprout has strong traction in the Philippines and a growing presence in Singapore and Indonesia. | $10.7M | Series B | Apr 10, 2023 |  |

10 of 17 investments shown.

## Co-investors
- [ACA Investments](https://shizune.co/investors/profile/aca-investments) — VC Fund, 2 deals together
- [Capri Ventures](https://shizune.co/investors/profile/capri-ventures) — VC Fund, 2 deals together
- [Cercano Management](https://shizune.co/investors/profile/cercano-management) — VC Fund, 2 deals together
- [Integra Partners](https://shizune.co/investors/profile/dymon-asia-ventures) — VC Fund, 2 deals together
- [Illuminate Financial](https://shizune.co/investors/profile/illuminate-financial) — VC Fund, 2 deals together
- [MMC Ventures](https://shizune.co/investors/profile/mmc-ventures) — VC Fund, 2 deals together

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## FAQ

### What does AFG Partners invest in?

AFG Partners invests primarily in Software, FinTech and Financial Services startups, most often at Series B and Seed stage. Most of the 17 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is AFG Partners's check size?

AFG Partners typically joins rounds of $2.8M–$9M at Seed, $8M–$26M at Series A and $11M–$58M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds AFG Partners participates in.

### How do I contact AFG Partners?

Public channels for AFG Partners include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at AFG Partners?

The team at AFG Partners includes Ivan Ong (General Partner) and Tim Phillipps (Specialist). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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