VEF (formerly Vostok Emerging Finance) is a publicly listed investment company based in Stockholm that invests in growth-stage private fintech companies across emerging markets such as Brazil, Mexico, India, and Pakistan. The firm takes minority stakes and acts as an active investor with board representation.
82% of their portfolio is in Fintech. Average disclosed round size is $62.0M (across 14 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Series A
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
17 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| MMahana | Unknown | $2.1M | Aug 2022 |
 Abhi | Series A | — | Apr 2022 |
| Abhi | Series A | $17M | Jan 2022 |
 Blackbuck | Series E | $67M | Jul 2021 |
 Solfácil | Series B | $30M | Jun 2021 |
| Abhi | Seed | $2M | Jun 2021 |
| FFinanZero | Unknown | $7M | Apr 2021 |
 Minu | Series A | $14M | Mar 2021 |
 TransferGo | Series C | $50M | Jan 2021 |
 Creditas | Series E | $255M | Dec 2020 |
| Creditas | Series E | $255M | Jan 2020 |
| Creditas | Series C | $50M | Dec 2017 |
 Nibo | Series A | — | May 2017 |
 iyzico | Series C | $15M | Apr 2017 |
| TransferGo | Series A | $3.4M | Jun 2016 |
| Solfácil | Series A | — | — |
| Solfácil | Series C | $100M | — |
Top Co-Investors
Endeavor5 shared
Amadeus Capital Partners4 shared
QED Investors4 shared
Valor Equity Partners4 shared
Kaszek3 shared
Y Combinator3 shared
i2i Ventures3 shared
Sarmayacar3 shared
FJ Labs3 shared
Wellington Management3 shared
Speedinvest2 shared
Fatima Gobi Ventures2 shared
VentureSouq2 shared
Village Global2 shared
SoftBank Latin America Fund2 shared
Advent Global Opportunities2 shared
Headline2 shared
Tarsadia Capital2 shared
SoftBank Group Corp.2 shared
Last updated: 20 October 2026