Resolution Ventures Managing Partner Sam Gibb
Singapore-based venture capital firm Resolution Ventures has made the final close of its first fintech fund.
An international community of fintech-interested institutions, unnamed family offices, finance executives and entrepreneurs invested.
With Resolution Fintech Fund I, the VC firm aims to invest in Southeast Asia’s founders developing solutions that have local, regional, and international applications.
The fund seeks to back pre-seed and seed-stage firms. The ticket size ranges between US$250,000 and US$750,000.
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Resolution Ventures has already backed several companies from the first fund, including Oraan (a female-led rotating savings and credit association platform in Pakistan), Stemly (a working capital and inventory management platform), Dropee (an e-invoicing and ordering platform for FMCG goods), GIMO (an earned wage access platform in Vietnam), iPiD (a pre-transaction validation platform, PasarMikro (a platform that digitalises the payment processes for agricultural commodities), and Mayar (a payment platform for MSMEs in Indonesia).
Sam Gibb, Managing Partner of Resolution Ventures, said: “Considering the impact that we have had on our portfolio companies, we have no doubt that we will continue being an integral part of the eco-system as financial services infrastructure continues to develop in Southeast Asia,” he said.
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