Credit Saison launches international CVC arm
It plans to invest $74.8m into India and Southeast Asia.
Japanese consumer finance firm Credit Saison has launched its international corporate venture capital (CVC) arm Saison Capital, according to a press release.
Saison Capital will be focused on India and Southeast Asia and plans to deploy $74.8m (US$55m) in capital through equity investments in early-stage start-ups. It hopes to invest in six to eight companies per year with initial ticket sizes of up to $1.36m (US$1m).
The CVC already made its first investment in Indonesian peer-to-peer (P2P) platform Koinworks.
Saison Capital portfolio companies will be part of the Credit Saison system and will have access to finance and technology partners such as Vietnam’s HCM Development Bank and Grab.