By Karthi Sepulohniam, MD. Asia Pacific and Australia at Partners for Growth
PFG and IFC (International Finance Corporation, Member of the World Bank Group), joined forces to host a networking event for tech investors and entrepreneurs in Singapore. The event was part of PFG’s and IFC’s ongoing efforts to support the development of a thriving tech ecosystem in Southeast Asia.
The networking evening attracted nearly 50 participants from various segments of the tech ecosystem in Singapore who engaged in lively discussions about the opportunities and challenges of scaling and innovating in Southeast Asia’s dynamic tech market. Representing PFG at the event were Jason Georgatos, President, and Karthi Sepulohniam, Head of Asia Pacific and Australia. We were pleased to be joined by several leading venture capital funds, including Square Peg Capital, TNB Aura, Provident Growth, AC Ventures, and UOB Venture Management.
PFG and IFC have been collaborating since 2022 to provide growth debt capital to tech businesses in Southeast Asia (and globally), with a focus on sectors such as financial inclusion, healthtech, edtech, and SaaS.
PFG has been investing in Asia for more than 10 years and has funded nine businesses in the region, including Southeast Asia businesses Kredivo, a Singapore and Jakarta-based fintech company that offers instant credit financing for online purchases; Near.Co, a Singapore-based data intelligence platform that leverages AI to provide insights on consumer behavior; 90 Seconds, a Singapore-based cloud video production platform that connects brands with creators; Limitless, a Malaysia-based flower and gifting e-commerce business; and TotallyAwesome, a Singapore-based digital media company that creates kid-safe content and advertising. These companies have leveraged PFG’s custom debt financing to expand their operations, enhance their products and services, and reach new markets.
We look forward to working with entrepreneurs in Southeast Asia, and providing high-growth businesses in the region with flexible growth capital together with IFC. By offering these technology businesses tailored financing solutions, we believe we can help them achieve their full potential and create positive impacts for their customers, employees, and communities.