Highlights from Asia, Africa, and Latin America include the $40m sale of PrimeiroPay* (Latin American cross-border payments platform) to dLocal, the $110m Series B for Tyme Group (full stack digital bank from South Africa and Singapore), the $12m Series A for Neat (Hong Kong-based neobank for SMEs), and the $41m Series B for ZestMoney (BNPL platform from India). This momentum is set to continue with Zelig currently advising a number of leading FinTech companies around the world on capital raising and M&A assignments.
Zelig has also expanded its senior team with the appointment of Vikash Kabra as a Partner in Mumbai, strengthening its capabilities in India and South East Asia. The appointment allows Zelig to combine its extensive FinTech expertise and network with deep insights into local markets.
Vikash brings close to two decades of investment banking experience, the majority gained at Jefferies where he was instrumental in setting up and building its Indian technology franchise. After qualifying as a Chartered Accountant with PwC, Vikash worked at Goldman Sachs for several years. He also ran the Technology Investment Banking Group at Spark Capital prior to joining Zelig.
Zelig’s H1 2021 highlights include:
*Note: On March 11, 2021, dLocal signed a contract to acquire certain assets from Primeiropay S.A.R.L and PrimeiroPay Technology GmbH (“Primeiropay”) in accordance to the Transfer of a Going Concern Agreement signed between the parties. The purchase of this acquisition of assets amounted to USD 40 million, of which USD 1.33 million is contingent consideration (subject to the achievement of the “earn-out”) and USD 38.67 million was an immediate cash consideration, with an effective date of April 1, 2021.
Zelig is an independent investment banking firm focused exclusively on FinTech and related technologies. With a core team in London, New York and Mumbai, supported by a network of senior advisers around the world, we provide M&A and capital raising advice to entrepreneurs, corporates and investors globally. For more information on Zelig, please reach out to us or visit https://www.zeligfintech.com.