Quona Capital is investing $332m in financial integration technology firms

Quona Capital, an enterprise equity firm that puts money in international markets to accelerate economic growth, closed on $332 million in capital responsibilities for its Fund III, which owns shares in businesses in Central America, India, East Asia, Africa, and the Mideast. IndiaMart, which came out publicly in 2019, and Coins.ph, which was purchased by Gojek, both in 2019, were noteworthy exits from their first financing.

Quona Capital is a venture capital organization that finances emerging market financial technology startups. The company was founded on the simple belief that innovation has the ability to significantly enhance the reliability, accessibility, and livability of financial products for underprivileged individuals and companies in Africa, South America, and Asia. They put the money in innovation strategies in order to make the world more monetarily inclusive. In a nutshell, they power global technology companies.

The pledges for Fund III surpass the $250 million objectives set by Quona, bringing the firm’s total dedicated equity to more than $745 million, according to co-founding portfolio manager Monica Brand Engel. She co-founded Quona Capital with Jonathan Whittle as well as Ganesh Rengaswamy in 2015. Brand Engel, who led Quona’s investment opportunities in Africa and the Middle East, claimed that the majority of the fund’s shareholders are prevailing shareholders from sectors such as worldwide investment firms, insurance firms, asset and financial institutions, university inheritances, foundations, family offices, and development finance organizations.

About Quona Capital

Quona Capital was originally established in 2015 by Ganesh Rengaswamy, Jonathan Whittle, Miguel Herrera, Monica Brand Engel. The business’s main offices are in the Washington DC Metro Area, Southern US. The company is still in operation, and its investor type is Early Stage Venture and Venture. The corporation ‘s lawful title is Quona Capital Management Ltd., and its type of business entity is For Profit. The company focuses on Financial Services,FinTech,Impact Investing and Venture Capital. 

Since 2015, Quona has backed financial technology companies that are driving financial incorporation in emerging economies. Now that the rest of the world is taking notice, fintech and engrained finance models are dominating enterprise globally. Global fintech financial support will reach a record $132 billion in 2021, taking account for 21% of all enterprise dollars.

What is Quona all about?

A startup requires more than just money to succeed. At the core of Quona is a sense of belonging—to their founding members, their shareholders, and the marketplaces they serve around the world. When they engage, they use their international and domestic knowledge to assist portfolio companies in maximizing their impact and monetary returns.

Previous Financials and Investments

Quona Capital has fostered $696 million in total across four funds, the most recent of which is Quona Capital Fund III. This financing was announced on November 8, 2022, and raised $332 million. Quona Capital has invested in 114 companies. On November 2, 2022, Shivalik Small Finance Bank raised ₹1.1 billion, their most subsequent asset. Quona Capital has exited four times. Among Quona Capital’s noteworthy exits are IndiaMART, Coins.ph, and Azimo.

Conclusion

Quona Capital’s success in securing $332 million in capital responsibilities for Fund III is a testament to their expertise and commitment to growing businesses internationally. By investing in Central America, India, East Asia, Africa and the Mideast, Quona Capital has demonstrated its ability to identify potential opportunities and support economic growth through strategic investments. This is an important step forward for not only Quona but also the countries they are investing in, as it will help foster development and create lasting partnerships with the communities they serve.

What is Quona?

Quona Capital is a venture capital organization that finances emerging market financial technology startups. 

The firm was founded on what belief?

The company was founded on the simple belief that innovation has the ability to significantly enhance the reliability, accessibility, and livability of financial products for underprivileged individuals and companies in Africa, South America, and Asia. 

Who founded Quona?

Quona Capital was originally established in 2015 by Ganesh Rengaswamy, Jonathan Whittle, Miguel Herrera, Monica Brand Engel.

The company excels in which industries?

The company focuses on Financial Services,FinTech,Impact Investing and Venture Capital. 

How much has the firm raised to date?

Quona Capital has fostered $696 million in total across four funds, the most recent of which is Quona Capital Fund III.

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