Venture Capital

Fintech Founders Dominate 2021 Forbes 30 Under 30 Asia in Finance and VC Category

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In this year’s Forbes 30 Under 30 Asia list, fintech founders and co-founders are dominating the Finance and Venture Capital (VC) category.

Among the 30 entries, 13 are either the founders or co-founders of fintech companies, while four are fintech senior executives, and six are VCs with expertise in fintech.

India is the most represented country for young fintech founders and co-founders, while Singapore unsurprisingly leads in fintech VCs. Other nations also represented include Indonesia, South Korea, Japan, the Philippines and Nepal.

Fintech Founders and Co-Founders, Forbes 30 Under 30 Asia, Finance and VC:

Ankush Aggarwal, 28; Tushar Mehndiratta, 28; Co-Founders, Avail Finance, India

Co-Founders, Avail Finance

Avail Finance offers loans to blue collar workers who are typically excluded from the traditional banking sector. It has so far processed loans for over 300,000 people and raised US$21.6 million equity.

Rajan Bajaj, 28, Founder, Slice, India

Rajan Bajaj

Slice offers payment cards with pre-approved credit, serving close to 300,000 customers in India. Slice proceeds transactions worth US$200 million annually and has raised over US$20 million in equity. Before founding Slice, Rajan Bajaj was part of the product team at Flipkart, India’s largest e-commerce player.

Sambhav Jain, 23; Kush Taneja, 23; Co-Founders, FamPay, India

Co-Founders, FamPay

FamPay brings cashless transactions to teenagers in India by offering them a prepaid debit card – the FamCard – without the need of having to set up a bank account. FamPay raised US$4.7 million in seed funding last year from top investors including Y Combinator, Venture Highway and Sequoia India.

Harshil Mathur, 29, Co-Founder, Razorpay, India

Harshil Mathur

Harshil  Mathur cofounded Razorpay in 2014 to help businesses accept and make payments online. Since then, the startup has expanded to business loans, payroll management, and more. Razorpay is one of India’s biggest fintech startups with a valuation of US$3 billion. It serves such as Facebook, Flipkart, Zilingo, Zomato and Airtel.

Chinmay Chauhan, 29, Co-Founder, BukuWarung, Indonesia

Chinmay Chauhan

BukuWarung provides digital bookkeeping and payment services to small and medium-sized enterprises (SMEs) and has raised US$20 million in funding. The startup recently launched Tokoko, an app where merchants can create and open online stores.

Rafi Putra Arriyan, 26; Ginanjar Ibnu Solikhin, 25; Luqman Sungkar, 28; Co-Founders, Flip, Indonesia

Co-Founders, Flip

Flip was launched in 2015 as a peer-to-peer (P2P) payment app before evolving into a full-fledged financial app. Flip is used by millions of Indonesians and has attracted funding from investors such as Sequoia India and Singapore’s Insignia Venture Partners.

Hermanto Widjaja, 28; Henry Wirawan, 23; Co-Founders, Topremit, Indonesia

Founders, Topremit

Topremit is an online money transfer service counting more than 20,000 users. The platform allows users to send money from Indonesia to 60 countries, and was named the Best Money Transfer Provider in 2019 by the central bank of Indonesia.

Tushar Aggarwal, 28, Founder, Persistence One, Singapore

Tushar Aggarwal

Persistence One is a startup that leverages blockchain technologies to facilitate asset transactions such as commodity trading and debt financing. Prior to Persistence One, Aggarwal worked as a principal at blockchain and cryptocurrency fund LuneX Ventures.

Vishvesh Suriyanarayanan, 29; Dylan Tan, 28; Co-Founders, Split, Singapore

Co-Founders, Split

Split is a leading buy-now-pay-later provider in Malaysia and Singapore for e-commerce and retail. Since April 2020, it has signed up 300 brands and generated US$4 million in sales for them.

Yin Likun, 29, Founder, RootAnt, Singapore

Yin Likun

RootAnt is a digital and open banking fintech firm that provides embedded supply chain finance solutions in Asia with offices in Singapore, China and Japan. Founder Yin Likun was named an Asia Fintech Leader and Under 30 Fintech Leader at the Singapore Fintech Awards in 2019.

Carmina Bayombong, 27, Co-Founder, InvestED Philippines, Philippines

Carmina Bayombong

InvestED provides educational loans to Filipino students. The startup has developed its own credit rating and risk control algorithm to serve financially disadvantaged youth. Carmina Bayombong was won a number of awards including The Philippines Outstanding Women in Nation’s Service, Cartier Women’s Initiative Laureate for Southeast Asia, and the Dubai World Expo’s Top 120 Global Innovators.

Toshiaki Yabe, 27, Founder, Crezit Holdings, Japan

Toshiaki Yabe

Crezit provides short-term loans of a year or less to individuals at low interest rates without the need of collateral or guarantors. The company has raised US$2.5 million in funding. Founder Toshiaki Yabe is an alum of Japanese e-commerce site Base.

Cheongho Park, 27, Co-Founder and CTO, Sentbe, South Korea

Cheongho Park

Cheongho Park is the co-founder and CTO of Sentbe, an early provider of cross-border remittance services using cryptocurrency. Park was responsible for building the startup’s technological infrastructure. Today, Sentbe is used by 200,000 people and has raised US$12 million in funding.

Prakash Koirala, 29, Founder, Finlit Nepal, Nepal

Prakash Koirala

Finlit Nepal works with governments, companies and neighborhood groups to develop programs and policies to boost financial literacy and inclusion. Founder Prakash Koirala has won several awards and scholarships for his work including a fellowship from Harvard Kennedy School in 2017.

Fintech Senior Executives, 2021 Forbes 30 Under 30 Asia, Finance and VC:

Vardhan Kapoor, 28, Head of APAC, Remitly, Singapore

Vardhan Kapoor

Vardhan Kapoor leads Remitly’s expansion in Asia Pacific. Remitly is a money transfer fintech unicorn valued at US$1.5 billion. Besides his role at Remitly, Kapoor is a mentor at Big Idea Ventures, a VC fund focused on sustainability, and an advisor for startups including FUL and Siklus.

Jeff Young, 28, CEO, BitWell, Singapore

Jeff Young

Jeff Young is the CEO of BitWell, a leading digital currency derivatives platform. Prior to joining BitWell, Young worked at investment firm Block Vision Capital which participated in the startup’s US$30 million funding round, and held positions at Tencent and Weibo.

Bernadus Setya Ananda Wijaya, 29, CEO, Sucor Sekuritas, Indonesia

Bernadus Setya Ananda Wijaya

Bernadus Setya Ananda Wijaya joined Sucor Sekuritas, an online brokerage and wealth management startup in 2016 as a business development manager. Last year, he was promoted to CEO and has since helped grow the startup’s net profit tenfold to US$5 million. Wijaya previously worked for Citi and Indonesian pharmaceutical company Dexa Group.

Fintech VCs, 2021 Forbes 30 Under 30 Asia, Finance and VC:

Chia Jeng Yang, 27, Principal, Saison Capital, Singapore

Chia Jeng Yang

Chia Jeng Yang is a principal at Saison Capital, a Japanese-backed fintech-focused fund that invests globally but especially in emerging markets like Southeast Asia and India. Saison Capital’s direct investments include Grab, which it helped build the finance business unit, and Shopback, a cashback reward program with over 5 million members.

Jay Lim, 28, Venture Partner, Global Founders Capital, Singapore

Jay Lim

Jay Lim is a venture partner at Global Founders Capital, a Berlin-based VC firm whose portfolio includes Facebook, LinkedIn and Traveloka. From Singapore, Lim has led investments in the likes of Hong Kong-based fintech startup Reap and Indonesian student loan firm Pintek. Prior to Global Founders Capital, Lim was the co-founder of Singapore-based Lending Startup.

Wei Shi Khai, 27, COO, LongHash Ventures, Singapore

Wei Shi Khai

Wei Shi Khai is the COO of LongHash Ventures, a blockchain accelerator and investor. Together with CEO Emma Cui, he has led the acceleration of over 60 Web 3.0 projects, set up a US$15 million decentralized finance (DeFi)-focused fund, and launched the Asia DeFi Network.

Joshua Agusta, 29, Director of Venture Funds, Mandiri Capital Indonesia, Indonesia

Joshua Agusta

Joshua Agusta is the director of venture funds at Mandiri Capital Indonesia, the corporate VC arm of Indonesia’s largest corporate bank Bank Mandiri. In his role, Agusta is responsible for leading fundraising and investment operations of two funds: Mandiri Venture Fund, a financial services-focused early stage fund, and the Indonesia Impact Fund, the country’s first environmental, social and corporate governance (ESG)-driven early stage fund.

Alvin Cahyadi, 26, Vice President of Investment, AC Ventures, Indonesia

Alvin Cahyadi is the vice president of investment at AC Ventures where he’s in charge of fintech investments. Since joining AC Ventures in April 2020, Cahyadi has led investments in Indonesian fintech startups including Alami Sharia, BukuWarung, Julo, KoinWorks, OY! Indonesia and Stockbit.

Ishan Sinha, 28, Senior Principal of Growth Investment, Human Capital, India

Ishan Sinha

Ishan Sinha leads the growth investment team of US$500 million VC fund Human Capital, focusing on the fintech, consumer and international investment practices. Sinha’s investments include Filipino digital bank Tonik, enterprise software startup Sprout Solutions, and superannuation tool Flare.

 

Pictures via public LinkedIn profiles, Twitter, company website, and Forbes.

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