rali_cap, an early-stage venture capital firm focussing on fintech startups in emerging and frontier markets, has launched a $30 million fund.
Tell me more: rali_cap was founded in 2020 by Hayden Simmons. Later, Kyane Kassiri joined him as an investing partner.
It invests in early-stage fintech API and platform startups in Africa, Latin America, and Asia, including Pakistan.
It has invested in 12 African startups, 13 Latin American startups, and 7 Asian startups.
Fund Thesis: To invest in early-stage fintech startups in the foundational fintech infrastructure, such as data, payments, and communications startups that enhance scalable, multimarket financial services.
Check size: $200,000 and $500,000; pre-seed and seed stages.
Value add: rali_cap unifies capital, operational expertise, and venture capital networks into a collaborative investment community.
Founder Hayden Simmons is a former emerging market fintech strategist and business developer, including Facebook’s Novi/Diem, Juvo, and Migo.
As for Kyane Kassiri, he has been investing in, creating, operating, and advising companies in the African tech space for the past seven years.
You should know: Some of rali_cap’s LPs are Breyer Capital, Propel VC, Better Tomorrow Ventures, FT Partners, Bain Capital, Lateral Capital, a few family offices, and high net worth individuals.
Their LPs come from over 30 countries – 55%+ outside the US – and have built, scaled, and sold businesses worldwide.
Formerly, rali_cap was known as Rally Cap Ventures.
Big picture: After Tofino Capital, rali_cap is the second fund to announce raising a fund for emerging and frontier markets.
rali_cap has a focus on fintech and prides itself on its hands-on approach to portfolio management.