Resolution Ventures, a Singapore-based venture capital firm, announced Wednesday the first close of its $20 million Southeast Asia-focused Fintech fund, Resolution Fintech Fund I.

With its inaugural fund, Resolution Ventures is committed to backing the most promising founders in Southeast Asian Fintech, building solutions that have local, regional, and international applications, Resolution Ventures said in a statement.

Resolution Ventures said that it accompanies founders along their early-stage journey, across pre-seed and seed funding rounds.

According to the statement, Resolution Ventures builds atop the top quartile track record of Managing Partner Sam Gibb and Blauwpark Investments, a proprietary Fintech fund managed by family office Blauwpark Partners. The fund benefits from the experience of its partners and Blauwpark Partner’s network across the Fintech sector.

It said early-stage FinTech companies and their founders benefit not just from capital and guidance, but also the relationships and infrastructure of an institutional asset management firm.

Resolution I is off to a running start, having made four investments prior to first close:

Oraan – a female-led Rotating Savings and Credit Association platform in Pakistan greatly contributing to female financial inclusion.

Stemly – a working capital and inventory management platform, optimising inventory levels and improving working capital management.

Dropee – an e-invoicing and ordering platform for FMCG goods that enables easy credit for retailers, connecting micro and small and medium enterprise (SME) businesses to distributors and wholesalers.

Gimo – an earned wage access platform in Vietnam, which recently completed YCombinator, disrupting the predatory market for pay-day loans and improving financial access.

The fund is backed by an international community of FinTech-interested institutions, family offices, experienced finance executives, and successful entrepreneurs, according to the statement.

“We are really excited by the opportunity to contribute capital and talent to the leading founders of seed-stage FinTech companies in the region, and helping them capture the tremendous potential for growth. We look forward to being an integral part of these companies as they build the future of financial services infrastructure in Southeast Asia,” said Sam Gibb, Managing Partner of Resolution Ventures.

Resolution Ventures is the investment advisor responsible for Resolution Fintech Fund I. It works with the portfolio companies in Resolution Fintech Fund I to help founders with guidance in the early stages of their entrepreneurial journey as well as developing novel capital structures to enable companies to scale without unnecessary dilution.

Blauwpark Partners is a Singapore-based ‘single-family office for multiple families’ which holds a capital markets services (CMS) license issued by the MAS. It helps clients manage their wealth better to meet their immediate and long term inter-generational needs. Blauwpark Partners works with Asian and European families, (ultra) high net worth individuals and foundations.

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