VEF AB
0.19
USD
-0.02
(-11.60%)
VEF AB
OTC:VEFFF
(OTC Markets)
Recent
price
0.19
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- VEF AB (publ) is a Stockholm-based venture capital firm founded in 2015 as a spin-off from VNV Global that specializes in early venture, emerging growth, and growth capital investments across emerging markets fintech, including payments providers, consumer and SME credit, mobile money, digital lending platforms, accounting SaaS, digital banking, wealth management, and financial wellness solutions; key portfolio holdings encompass Creditas (Brazilian secured lending), Juspay (Indian payments infrastructure), Konfío (Mexican SME financial services), Solfácil (Brazilian solar energy financing), Rupeek (Indian gold-secured lending), Abhi (Pakistani earned wage access and SME financing), Nibo (Brazilian accounting SaaS), Finja (Pakistani digital lending), Mahaana (Pakistani digital wealth management), Minu (Mexican salary-on-demand), alongside legacy stakes in Tinkoff Bank and iyzico, and recent partial positions in BlackBuck and Gringo, with operations spanning Brazil, India, Mexico, Pakistan, and emerging Europe through subsidiaries VEF Cyprus Limited, VEF Fintech Ireland Limited, and offices in Hamilton (Bermuda), London (UK), and Dublin (Ireland). The firm takes minority stakes with board representation in high-growth private companies targeting underserved populations in populous scalable markets, prioritizing entrepreneurs with proven track records, scalable business models, strong financial performance, and paths to profitability. Recent developments include a partial exit from BlackBuck via its November 2024 IPO realizing USD 2 million in gross proceeds (with lock-up ending May 2025 and remaining stake valued at USD 5.2 million), full exit from Gringo acquired by Corpay in March 2025 for USD 15.2 million net proceeds, three exits in 2025 delivering USD 32 million gross proceeds to strengthen liquidity to USD 45 million pro-forma, Creditas' Series G funding round led by Andbank at USD 108 million initial close valuing it at USD 3.3 billion alongside acquisition of Andbank Brazil (with VEF converting notes into shares for 17.8% NAV uplift), Abhi's acquisition of FINCA Microfinance Bank, portfolio companies achieving 90%+ break-even status with 25% top-line and 63% gross profit growth in 2024, no new investments amid focus on realizations and deleveraging SEK 400 million sustainability bond due December 2026, and a share buyback program for up to 5% of shares to address trading discount to NAV.
Company News
VEF AB (publ) (VEFFF) Q3 2026 Earnings Call Transcript
VEF AB (publ) (VEFFF) Q2 2026 Earnings Call Transcript
VEF AB (publ) (VEFFF) Q1 2026 Earnings Call Transcript
VEF AB (publ) (VEFFF) Q4 2025 Earnings Call Transcript