Genesis Alternative Ventures, Author at Genesis

Founded in 2013, Trusting Social delivers AI-led products to leading banks and finance companies, enabling them to provide credit to under-served consumers at scale. Today, Trusting Social’s credit insights cover more than a billion consumers and are used by more than 130 financial institutions across Vietnam, Indonesia, India and the Philippines.

Recent News: Headquartered in Singapore and operating across Vietnam, Indonesia, India and the Philippines, AI Fintech Trusting Social announced an undisclosed venture debt financing with Genesis Alternative Ventures.

“We have enjoyed a great partnership with Genesis. Venture debt solution allowed us to raise growth capital without high dilution. They have also been very supportive of our business through introductions to potential clients and partners,” said Jaideep Lakshminarayanan, CFO, Trusting Social.

“We are excited to be supporting Trusting Social’s growth as they increase their breadth of product offering, helping banks and financial institutions to increase their reach to the under-served consumers.” said Eddy Ng, Head of Investments and Portfolio at Genesis.

Impact & ESG

On top of providing AI-led products, Trusting Social is on a mission to fill that gap by providing credit scoring and improving access to financial services for such consumers which supports United Nations’ Sustainable Development Goal (Industry, Innovation & Infrastructure, Goal 9).

“Our ambition is to enable financial inclusion on an unprecedented scale, and Genesis will be helping us frame our reporting for this purpose.” – Nguyen Nguyen, Founder & CEO, Trusting Social.

Trusting Social’s data indicates that there are more than 1 billion borrowers scored in Asia with about 1 million customers enabled every month.

Catch Jaideep at the Genesis Forum where he and other industry leaders discuss “Accelerating Financial Inclusion Across Southeast Asia Through Fintech”.

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Watch this video to learn how companies benefit from venture debt to complement their equity fundraises at early stages of growth.

In this video, the following founders from Genesis’ portfolio companies share why they chose venture debt and how they benefited from it:

Tanihub’s agritech business is a capital intensive one that needed a significant amount of investment. They leveraged venture debt to minimise equity dilution.
Proptech Gowork approached venture debt with the aim of diversifying their capital structure to minimise dilution. They also benefited from Genesis’ business guidance along the way and introductions to prospective clients and investors for subsequent fundraising.
With Genesis’ strong relationship with many Venture Capital firms in the ecosystem, Lynk Global found it a good way to gain more recognition.

In this Masterclass to the NUS MBA Finance Club, Dr Jeremy Loh demystifies venture capital financing with a deep dive into the venture debt landscape:

A venture fund is made up of general partners (GP) who handle the investments while limited partners (LP) provide money to the fund.
Risk appetite of venture capitalists
How a fund operates
Capital structure of a VC-backed venture
How venture debt works
Opportunities in the venture debt market within Southeast Asia.
As a “profit-with-purpose” venture leader, Genesis selectively invests in companies that bring impact to their communities and society.
Internship opportunities at Genesis and career path.

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Ben J Benjamin shares with Prof Claudia Zeisberger, Professor of Entrepreneurship & Family Enterprise at INSEAD about the type of start-ups venture debt funds like Genesis prefer to invest in – funding stage, industry, business model and geographical location.

Follow Claudia Zeisberger for other insightful discussions:

LinkedIn: https://www.linkedin.com/in/claudiazeisberger

Website: https://claudiazeisberger.com/

UNICON is the flagship event organised by National University of Singapore (NUS) Entrepreneurship Society (NES). Founded in 1992, the NES is a tertiary organisation in Singapore, dedicated to promoting entrepreneurship at NUS and empowering the next generation of entrepreneurs.

In this Masterclass, Dr. Jeremy Loh shares the following insights on the various financing options for startups and the fundamentals of venture debt:

Different funding sources: Personal savings, friends and family, crowdfunding, angel investments, series A-E fundings, IPO or acquisition.
Ideal conditions for equity financing: unique and disruptive business model, high growth, have prior business success or investor connections, and willing to give up equity.
The relationship between venture equity and shareholder dilution
Venture debt can be used to extend cash runway, supercharge growth, lower equity dilution, and increase valuation.
How venture debt can be successfully used as a complementary financing tool to equity financing.

The collaboration will extend Pace as an alternative payment option to over 20 international brands in the region, including consumer brands such as Michael Kors, TUMI, Victoria’s Secret, Bath & Body Works, Steve Madden, as well as Nike in Thailand and Pedro in Malaysia.

“We are very impressed with the incredible growth that Pace is experiencing. As one of the newer entrants, Pace has quickly captured the fintech market in the region,” said Jeremy Loh, managing partner of Genesis Alternative Ventures, in a statement.

Read the full article here:

In this Masterclass on the fundamentals of venture debt with entrepreneurs at global early-stage VC Antler, Dr. Jeremy Loh shares the following insights:

Background of venture debt industry
Blended costs of capital of traditional bank debt, venture equity and venture debt
The relationship between venture equity and shareholder dilution
How venture debt can be successfully used as a complementary financing tool to equity financing
Advice for future founders with big ambitions and need capital to scale

The Genesis Forum casts the spotlight on Southeast Asia’s trailblazing founders and
thought-leaders who share their experiences about the innovation and impact ecosystem in
Southeast Asia.

Genesis Forum 2021: Highlights

Genesis Forum 2021:
Introduction

Genesis Forum 2021: PwC Singapore presents
Southeast Asia Venture Debt Industry Report 2021.
Co-authored by Genesis Alternative Ventures and PwC Singapore

Genesis Forum 2021: Panel Discussion 2:
“Profit First, Impact at Scale: Identifying Meaningful Impact
Investment Opportunities in Southeast Asia”

Genesis Forum 2021: Breakout Room 2
“The Future of Work and Living”.
Conversation with industry leaders

Genesis Forum 2021:
Closing Remarks. Mr. Harvey Toor,
Chief Investment Officer, Singapore Management University

Genesis Forum 2021: Keynote address. “Profit with purpose, my personal journey to here”. Dato’ Sri Nazir Razak

Genesis Forum 2021: Panel Discussion 1:
“The Dual Role of Debt and Equity Financing for
Venture-backed Companies in a Hyper-liquid Capital Market”.

Genesis Forum 2021: Breakout Room 1
“Ketahanan”: The Resilience of These Indonesia Start-ups”.
Conversation with industry leaders

Genesis Forum 2021: Breakout Room 3
“Accelerating Financial Inclusion Across Southeast Asia
Through Fintech”. Conversation with industry leaders

About Genesis Alternative Ventures

Genesis Alternative Ventures is Southeast Asia’s leading private lender to venture and growth stage companies funded
by tier-one VCs. Genesis is founded by a team of venture lending pioneers who have backed some of Southeast Asia’s best loved companies. Armed with a strong reputation among entrepreneurs and investors, Genesis is a trusted partner in empowering your company’s growth while minimising shareholders’ equity dilution.

www.genesisventures.co

www.genesisventures.co/Forum2021

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We frequently share content about Venture Debt, Impact & ESG and many more on our social media pages.

Newer Posts

Trusting Social delivers AI-led products to leading banks and finance companies, enabling them to provide credit to under-served consumers at scale.

Learn how companies benefit from venture debt to complement their equity fundraises at early stages of growth.

Venture Debt Masterclass with Managing Partner, Dr. Jeremy Loh and NUS MBA Finance Club

What Founders should know to make an educated decision featuring Ben J Benjamin (Co-founder of Genesis Alternative Ventures) and Claudia Zeisberger (Professor of Entrepreneurship at INSEAD)

Funding 101 Masterclass by Managing Partner Dr. Jeremy Loh at UNICON

Pace Enterprise, a ‘buy now, pay later’ Fintech startup has raised an eight-figure debt financing round led by Genesis Alternative Ventures

Venture Debt Masterclass by Managing Partner Dr. Jeremy Loh & Antler

Genesis Forum 2021

COMMUNITY

Stay Connected with Genesis