Findicate: October 2023 Updates

Hi everyone!

Can you believe it – we’re officially entering the final quarter of the year 2023! To start this quarter strong, we’ve launched our new website and are excited to share more of the latest deal information, initiatives, and updates from Findicate and our community.

Let’s dive in for the highlights. 👇🏼

Deals in the pipeline

First off, we have two exciting deals that put their own spin to democratizing financial services for underserved sectors in developing countries. For members interested in joining these deals, please reach out to us on WhatsApp or Email and we will add you to the respective discussion groups.

1️⃣ InvestED

InvestED is an Education Financing Platform for Unbanked Lenders based in the Philippines.

Why we like this deal:

• Market Demand: 18.4 million Filipino learners need loans for Higher Education, but no institution (banks and government) except InvestED is able to provide this to them due to the unique terms required by student financing.

• Proprietary Product: InvestED’s well-designed lender-borrower ecosystem is made possible by its algorithm-based risk model that has achieved the lowest default rate (10%) in student loans with a 100% lender renewal the past 18 months.

• Domain Expertise: Carmina’s professional background boasts of numerous contributions centered around Education Finance. She’s been recognized a pioneer in incepting multiple financial products created for the developing world.

More details about this deal available for Findicate Members 👉🏽 here

2️⃣ SALT: Closing Soon > Contact us to join the round👏

We are closing the SALT round soon, but it’s not too late to join if you are interested–you can let us know here.

SALT is a neo banking solution in India that seeks to provide a fintech app specifically designed for the country’s women users.

Why we like this deal:

• Untapped Market: 95% of the Indian Fintech landscape is dominated by men. This has led a vast portion of the female demographic to remain underserved by fintech apps, with the majority of women users having never used functionalities beyond basic payments.

• GTM Strategy: Unlike many who’ve tried, SALT effectively captures the female market by leveraging their rich data on women to offer curated and personalized financial services rooted in customer psychology of their target persona.

• Solid traction: SALT has gained 160k users in less than a year of operation, 70% of which are women. Since Jan '23, they have almost doubled the number of onboarded users, improved conversion funnel by 400%, grown AUM by 150%, and reduced CAC by 75%.

More details about this deal available for Findicate Members 👉🏽 here

If any of the above deals pique your interest for investment, feel free to get in touch with us via WhatsApp or Email.

Portfolio Updates

• TANGGapp was selected on Forbes Asia’s 100 To Watch List for 2023 and announced their Seed Round Closing.

• Docosan has hired Mr. Tuan Pham as the company’s tech leader. He is a fullstack software engineer with over 10 years of leadership experience at startups and Vietnam’s FPT Group.

• BusCaro is continuing their fundraise. You can find their updated pitch deck here - please let us know if you or someone you know would like to invest.

About Findicate

Findicate is a women-focused syndicate that invests in women-led / focused startups. This community is a unique place that provides funding & community for women in Asia. You can find out more information about us here.

Refer angel investor friends

Findicate is on a constant lookout for like-minded angel investors who believe in female leaders as well as their projects and ideas which they bring to the table. If you know of any friends (women or men) who might be interested in angel-investing in our exciting deals in the pipeline - please refer them to us! You could also share our deck and website with them
👉🏻 Findicate Intro Deck | Findicate Site | Findicate Sign Up Form

Refer deals

The power of the network is stronger with your assistance. Build a strong community and change this scene with us. If you come across a suitable deal that you believe Findicate could be a part of, please refer them to us!

Cheers,

Findicate Team (Nat, Amrita, Jean, Juliana)