Quona Capital Sinking $332M Into Startups Focused on Financial Inclusion

Though finance technology startups are having a moment when it comes to decreased venture capital deals and layoffs,Quona Capital, a venture capital firm that invests in emerging markets that accelerate financial inclusion, has found the appetite is still there for fintechs.

The firm had its final close on $332 million in capital commitments for its Fund III, which invests in companies in Latin America, India, Southeast Asia, Africa and the Middle East. Notable exits from its first fund were IndiaMart, which went public in 2019, and, which was acquired, also in 2019, by Gojek.

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