Findicate: 2024 Wrap-Up, Highlights, and Deals!

Dear Findicate angels,

As we send out our final newsletter of 2024, we’re deeply grateful for the incredible support from our Findicate community. This year, we’ve grown together, empowered women leaders, and opened doors to impactful investments.

In this edition, we’ll celebrate our achievements, share ongoing deals, and offer a glimpse of what’s ahead in 2025. Thank you for being part of this journey—here’s to even greater success together!

2024 Highlights
In 2024, we achieved several incredible milestones, thanks to your support and shared commitment to our mission:

• Successfully completed 3 deals, empowering women leaders and championing key industries.

  • Salt: An India-based neobank for women investors

  • Five Beauty: The Philippines' first hybrid beauty brand

  • Teleskop: A Singapore-based asset and legacy planning platform (pending term sheet/legal agreement)

• Celebrated Findicate’s 2nd birthday, a testament to our growing community and impact.

• Launched the Angel Investing 101 series, collaborating with Jed Ng (AngelSchool) and Sean Greenhalgh (AngelFlow) to help aspiring angel investors to help angel investors navigate the nuances of due diligence and write cheques with confidence.

• Welcomed Abby Ho of M Venture Partners, as our Advisor.

• Expanded our team with the addition of Meenal Khare, bringing fresh energy and the Google network to Findicate.

• Grew our community to an inspiring 139 community members, with many new faces joining the Findicate family this year!

Thank you for being part of this journey — we couldn’t have done it without you!

Hot Deals!

Discover Earlybird AI: Revolutionizing SME Finance

Earlybird AI is redefining SME finance with "self-driving finances," automating CFO tasks, tax compliance, and smart ledger management using LLMs and AI-powered tools. Leveraging partnerships with Stripe and Osome, Earlybird now reaches 9,000 businesses across Singapore, Hong Kong, and the UK.

Currently in private beta, Earlybird has captured interest from accounting firms eager to integrate its capabilities, setting the stage for explosive growth with its January launch. Its B2B SaaS model, scalable distribution, and visionary leadership make this a standout investment.

Key Highlights

• Market Opportunity: $60T TAM | $270M SOM over 5 years

• Traction: 9K SMEs accessed via strategic partners

• Business Model: Premium SaaS starting at $1,267/user/year

• Team: Led by fintech expert Bhavana Ravindran (Visa, Amdocs)

Round detail: Raising $1M USD (SAFE note), including Antler's pre-seed commitment. Potential discount on round for early angels.
Link to Deck | Link to Video Pitch | Link to Tech in Asia article

Interested? Show your interest to learn more 👉🏽 here! 

OpenSeal: The Safe AI OS for Enterprise

OpenSeal is revolutionizing enterprise AI with its secure, on-device AI solutions, addressing critical issues like data privacy, compliance, and seamless integration with existing workflows. Unlike expensive, inflexible big-tech alternatives, OpenSeal’s open-source, local-first AI stack empowers businesses to leverage AI without compromising data security or budgets.

Key Highlights

• Market Potential: $240B TAM | $2.5B SOM within 5 years

• Traction: Secured $350K ARR in 3 months with clients like Klook

• Technology: Secure AI browser assistant with no server-side logging, multi-platform compatibility, and customizable models

• Team Expertise: Proven leadership, including serial founders and seasoned AI engineers

Round detail: Raising $1.5M (valuation to be confirmed)
Link to Deck | Link to Video Pitch | Link to website

Interested? Show your interest to learn more 👉🏽 here! 

Portfolio Company: BusCaro

After winning the Meet the Drapers Pakistan pitch event, Findicate portfolio company BusCaro is raising a round to continue their growth. MyAsiaVC is running small SPV via Angellist. $1K minimum investment for a $700k round. Invest directly through the link or DM us to connect to the BusCaro team.

BusCaro is a bus service in Pakistan that provides safe and affordable transportation to commuters through a consumer-facing mobile app and B2B partnerships.

Festive Wishes

Spread the Word of Findicate in the New Year

Refer angel investor friends
Having a bigger community enables us to write a bigger check size, provides more meaningful impact to women founders, and reduces legal fees for all investing angels. We welcome both men and women allies! Share Findicate Site and ask them sign up here: Findicate Sign Up Form

Refer deals 
Think of us when you see a deal you want to invest in. Bringing in the community can help increase your investment size and make a more meaningful impact on the founder you care about. We can also discuss sharing carry if we end up investing.

About Findicate

At Findicate, we invest in women-led startups and let the traction speak for itself. We are a community that provides resources in early funding, collective know-how, and regional network to help founders build impactful businesses that empower and enable the lives of women. 

Cheers,
Findicate Team (Nat, Amrita, Jean, Meenal)