Exclusive: Leonie Hill Capital inks strategic deal with fintech fund Life.SREDA

Visual of Life.SREDA homepage. March 2016

International fintech-focused venture capital firm Life.SREDA has signed a memorandum of understanding with Leonie Hill Capital (LHC), a Singapore-based private equity fund, in a strategic bid to partner in financial technology investments in Asia.

LHC, a Registered Fund Management Company (RFMC) in Singapore, will become a strategic investor (limited partner) in Life.SREDA’s Asian FinTech fund, while Wee-Meng Thoo, Head of Investments at LHC, will be joining Life.SREDA team to be a part of fund management company, which already includes Vladislav Solodkiy and Igor Pesin.

Life.SREDA’s CEO and Managing Partner Vladislav Solodkiy said, “Life.SREDA, being a very focused and selective VC, is always looking for strategic partners among regional leaders, who can bring significant value through their local expertise and knowledge.”

“Leonie Hill Capital is one of the most experienced and successful players in the investment space in Asia. Combination of our deep global Fintech knowledge and expertise and their understanding and network on Asian market will make our team unique and very effective to make successful investments on the largest and fastest FinTech market in the world,” he added.

Arun Kant, CEO of Leonie Hill Capital said, “FinTech is definitely one of the most promising and perspective investment segments in Asia and Slava Solodkiy and his team are among the most experienced and knowledgeable people in this space. Our investment experience and capacities, coupled with their fintech background, will move the whole fintech ecosystem in Singapore to the new level.”

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The investment amount can come up to several dozens of million US dollars while the total size of the fund is $100 million. The contract will be signed pending approval from the Monetary Authority of Singapore (MAS).

As partners, one of its first investment target will see both highlighting a newly formed fintech platform BAASIS which is technologically backed by Fidor, a German-based licensed digital bank, that will create a pan-Asia Bank-as-a-Service platform, headquartered in Singapore.

BAASIS will provide a core banking infrastructure for fintech startups and other non-banks in Asia and act as a middleware between traditional banks and fintech ecosystem. The investment will also strengthen a strategic role of Life.SREDA and LHC in boosting Fintech development in Asia and Singapore.

Life.SREDA, one of the first FinTech-only non-corporate venture capitalists in the world has more then 20 successful investments, which includes fintech brands like Simple, Moven, SumUp, Fidor, Anthemis, Lenddo etc.

LHC recently also invested in MyRepublic, an internet service provider and telco in Singapore, New Zealand, and Indonesia, which will become a synergetic partner to the Fund’s fintech portfolio.

Also Read: 

Fintech VC Life.SREDA launches ‘Banking on Blockchain’ fund, targets corpus of over $100m

Fintech VC Life.SREDA launches ‘Banking on Blockchain’ fund, targets corpus of over $100m

Fintech VC Life.SREDA launches co-working space in Singapore

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.