Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
AFG Partners is a venture capital fund based in Hong Kong, established in 2020. The firm focuses on supporting global B2B fintech and enabling tech companies as they scale into and across Asia. AFG Partners has a significant presence in Singapore, aiming to be the growth partner for the next generation of fintechs transforming the Asian financial services landscape.
The fund has a total asset under management (AUM) of $30 million, primarily invested in early to growth-stage companies. AFG Partners has built a portfolio of 15 companies, reflecting its commitment to identifying and nurturing businesses that provide proven solutions to significant industry challenges. The firm emphasizes a founder-first approach, prioritizing entrepreneurs with deep domain expertise and strong industry networks.
AFG Partners has achieved notable milestones since its inception, including successful exits from companies like Ignatica, Necto, and Robin AI. The firm continues to seek opportunities that align with its mission of facilitating market entry and growth for both global firms expanding into Asia and Asian businesses looking to scale within the region.
AFG Partners invests in B2B fintech and enabling tech companies, targeting businesses at the Pre-seed, Seed, Series A, Series B, and Series C stages. The firm focuses on founder-first investments, emphasizing entrepreneurs with deep domain expertise and strong industry networks. AFG Partners seeks companies that provide proven solutions to significant industry challenges, particularly in sectors such as fintech, SaaS, AI, healthcare, and consumer.
The fund's investment strategy includes leveraging corporate and financial-services ecosystem partners to facilitate market entry and growth for its portfolio companies. AFG Partners is particularly interested in businesses that can demonstrate traction and scalability within the Asian market. The firm aims to assist both global firms looking to expand into Asia and Asian companies seeking to grow within the region.
AFG Partners has built a diverse portfolio of 15 companies, showcasing its focus on B2B fintech and enabling tech. Notable portfolio companies include:
Ron Savino: Founder and Managing Partner. Ron has a background in fintech investments, having founded Asia Fintech Angels in 2015, the first Asian angel network for fintech. He has led investments in over 20 fintech companies prior to establishing AFG Partners.
Ivan Ong: Partner. Ivan brings over 15 years of experience in investment banking and venture capital. He previously served as VP at Ace & Company, where he led their VC strategy. Ivan returned to Singapore in 2021 to join AFG Partners.
To pitch AFG Partners, founders should visit their website at afgvc.com. It is advisable to include a comprehensive pitch deck that outlines the business model, market analysis, and team qualifications. AFG Partners prefers warm introductions but will also consider direct submissions through their website. Response times may vary, but founders can expect to hear back within a few weeks.
In 2023, AFG Partners announced its participation in several funding rounds for portfolio companies, including a significant investment in Sprout Solutions, a Philippine HR tech company. The firm continues to focus on expanding its portfolio in the B2B fintech sector.
AFG Partners has also been featured in various industry publications, highlighting its commitment to supporting fintech innovation in Asia. The firm is actively seeking new investment opportunities as it looks to grow its portfolio further.
What investment criteria does AFG Partners look for?
AFG Partners focuses on B2B fintech and enabling tech companies led by founders with deep domain expertise and strong industry networks. The firm targets businesses at the Pre-seed to Series C stages that provide proven solutions to significant industry challenges.
How can I pitch to AFG Partners?
Founders can submit their pitches through the AFG Partners website at afgvc.com. It is recommended to include a clear business model, market analysis, and details on the founding team in the pitch deck.
What makes AFG Partners different from other VC firms?
AFG Partners emphasizes a founder-first approach, prioritizing investments in companies that demonstrate traction and scalability within the Asian market. The firm leverages its extensive industry networks to facilitate market entry and growth for its portfolio companies.
What is the geographic focus of AFG Partners?
The firm primarily invests in companies based in Asia, with a strong emphasis on supporting global B2B fintech and enabling tech companies as they scale into the region.
What is the typical check size for investments?
While specific check sizes are not disclosed, AFG Partners invests in early to growth-stage companies, indicating a range that aligns with Pre-seed to Series C funding rounds.
What post-investment support does AFG Partners provide?
AFG Partners adds value to its portfolio companies by leveraging its deep domain expertise and extensive industry networks, providing strategic guidance and access to a corporate and financial-services ecosystem that supports scaling efforts.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.