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Incubator/Accelerator
dfslab.net

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Investments

21

Partners & Customers

1

About Digital Financial Service Lab

DFS Lab creates innovations to bring households in Sub-Saharan Africa, South and Southeast Asia, from the cash economy into the digital financial realm and give them tools to improve their lives. The rapid diffusion of mobile in the developing world has set the stage for an explosion in digital financial services.

Digital Financial Service Lab Headquarter Location

1100 NE Campus Parkway #200

Seattle, Washington, 98105,

United States

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Latest Digital Financial Service Lab News

Fintech startup SERV’D gets $100K in investment

Dec 14, 2016

| 0 Comments Fintech startup SERV’D, which provides financial services for the unorganised workforce, has received investment of $100,000 (Rs 67 lakh) from Digital Financial Service Lab (DFS Lab), a fintech incubator fully-backed by the Bill and Melinda Gates Foundation. Ltd, had participated in a bootcamp organised by the DFS Lab, a global initiative that seeks to bring together entrepreneurs working towards digital inclusion of the least served communities in developing countries. “The funds will be utilised to develop tech for new roles as well as drive activation for the existing product,” said Jatin Agarwal, who founded SERV’D in 2016. Agarwal has earlier founded Endurance, a chain of health and fitness clubs. He also served as the director at Konark Karia Builders, which has executed several projects in Pune and Mumbai. For consumers, SERV’D’s home management system provides a dashboard to efficiently manage domestic helps on the go with ratings and reviews among other features. It also allows workers such as maids/housekeepers, cooks, nannies, drivers, and others, to have legal work history, which in turn enables them to have access to financial loans. “Digital financial services have the power to transform developing country economies, profitably and at scale. We are looking for breakthrough ideas with the potential to bring low income households from the cash economy into the digital financial realm and give them tools to improve their lives,” said Jake Kendall, DFS Lab Director. SERV’D is among four organisations that have received a grant from DFS Lab out of nearly 700 applications. Fintech segment has seen rapid growth lately. In just the last one year, several startups have come up in this space targeting different segments such as small businesses, students and salaried professionals; and have also attracted investors’ attention. Yesterday, Gurgaon-based fintech startup Indifi Technologies Pvt Ltd, floated by angel investor and venture capital firm Canaan Partners’ former India chief Alok Mittal raised $10 million (Rs 66.5 crore) in a SeriesB funding round led by Omidyar Network. Chalk Farm Ventures Pvt. Ltd, which runs consumer lending startup ZestMoney, has raised $6.5 million (Rs 44 crore) in a Series A round of funding led by Naspers-owned online payments firm PayU last week. Like this report? Sign up for our daily newsletter to get our top reports.

Digital Financial Service Lab Investments

21 Investments

Digital Financial Service Lab has made 21 investments. Their latest investment was in OnePipe as part of their Seed VC - II on November 11, 2021.

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Digital Financial Service Lab Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/24/2021

Seed VC - II

OnePipe

$3.5M

No

3

11/3/2021

Seed VC - II

Appetito

$2M

Yes

Golden Palm Investments Holding Co., Jedar Capital, and Undisclosed Angel Investors

1

9/2/2021

Seed VC

Bumpa

$0.2M

Yes

1

2/1/2021

Seed VC - II

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$99M

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10

12/16/2020

Seed VC

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$99M

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10

Date

11/24/2021

11/3/2021

9/2/2021

2/1/2021

12/16/2020

Round

Seed VC - II

Seed VC - II

Seed VC

Seed VC - II

Seed VC

Company

OnePipe

Appetito

Bumpa

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Amount

$3.5M

$2M

$0.2M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Golden Palm Investments Holding Co., Jedar Capital, and Undisclosed Angel Investors

Sources

3

1

1

10

10

Digital Financial Service Lab Partners & Customers

1 Partners and customers

Digital Financial Service Lab has 1 strategic partners and customers. Digital Financial Service Lab recently partnered with Stellar on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/12/2021

Partner

Stellar

United States

DFS Lab and Stellar Development Foundation Launch Blockchain Bootcamp for African Startups - SDF Press Release

NAIROBI -- July 12 , 2021 -- DFS Lab in collaboration with the Stellar has launched a call for applicants for a Blockchain Bootcamp , designed to give early to mid-stage startups in Africa an opportunity to build on Stellar , an open-source blockchain network for financial services and products .

1

Date

7/12/2021

Type

Partner

Business Partner

Stellar

Country

United States

News Snippet

DFS Lab and Stellar Development Foundation Launch Blockchain Bootcamp for African Startups - SDF Press Release

NAIROBI -- July 12 , 2021 -- DFS Lab in collaboration with the Stellar has launched a call for applicants for a Blockchain Bootcamp , designed to give early to mid-stage startups in Africa an opportunity to build on Stellar , an open-source blockchain network for financial services and products .

Sources

1

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