Founded 2012 by Micky Malka (ex-Venezuela/Brazil banker). Palo Alto-based. AUM £2.9bn-£3.4bn (12bn USD equiv.). 160 companies backed incl. 35 unicorns. Portfolio: Robinhood, Coinbase, Nubank, Revolut (UK), Affirm, Listen Labs (SB lead Jan 2026), Privy, CoinSwitch, PhonePe, Groww (IPO BSE/NSE Dec 2024), Wealthfront (NASDAQ Dec 2025 £0.7bn). Raises flagship funds sequentially (Fund X £2.8bn 2023; Fund Y £1.7bn ongoing Mar 2025). Strong brand obsession positioning.
Investment Focus
Investment Thesis
Pure-play fintech VC investing seed to growth (avg cheques: £0.7m-£2.4m seed; £1.1m-£2.4m A; £2.4m-£2.4m B). 160+ portfolio cos (35 unicorns). Thesis: founders reshaping fin-svcs categories w/ brand power. Deep expertise in regulated markets (founder Malka ex-banking/brokerages). Global remit incl. emerging markets (India, Brazil, SE Asia). Sector: lending, payments, insurance, banking, crypto infrastructure, digital assets. 118 fintech + 34 high-tech investments. Avoid consumer non-fintech. 31 employees, 11+ partners. Track record: Robinhood £1.7bn+ deployed; Coinbase; Nubank exit; Affirm; Credit Karma; ONE (Walmart JV, £0.7bn val 2024).
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