rali_cap launches a $30 million fund for emerging and frontier markets

rali_cap launches a $30 million fund for emerging and frontier markets
rali_cap launches a $30 million fund for emerging and frontier markets

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, Asia, and Pakistan. 

It has invested in 12 African, 13 Latin American, and 7 Asian startups. 

It has five Pakistani startups in its portfolio – Abhi, Safepay, Elphinstone, Savyour, and Loop.

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 focuses on fintech and prides itself on its hands-on approach to portfolio management.

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