FinTech news in Quona Capital category

Brand Engel, who leads Quona’s investments in Africa and the Middle East regions, said the fund’s investors include a majority of existing investors from sectors like global asset managers, insurance companies, investment and commercial banks, university endowments, foundations, family offices and development finance institutions. 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. Some of the first six investments from the new funding have gone into companies including Egyptian financial super app Khazna, MoHash, a decentralized finance protocol, Pillow, which wants to make cryptocurrency saving and investing easier, and nocnoc, helping global sellers connect with marketplaces in Latin America. The commitments for Fund III exceed the $250 million target Quona was initially shooting for and brings the firm aggregate committed capital to over $745 million, co-founding managing partner Monica Brand Engel told journalist.

MoHash has been working to solve this challenge for a year and has assembled several experienced tech and finance individuals from firms such as Goldman Sachs, Amazon, Oliver Wyman, India Stack and Samsung.