VEF

OMX: VEMF

Market CapSEK2083m

Last Close SEK3.65

VEF (formerly Vostok Emerging Finance) is an investment company taking equity positions in early stage fintech companies in a broad spectrum of financial services in emerging and frontier markets.

More VEF content >

Investment summary

VEF’s Q121 NAV per share was up 17% since our initiation in November 2020. The NAV uplift is a result of positive operating trends and successful capital raising of its invested companies, the highlight being Creditas, a Brazilian online secured lending platform, which accounts for 42% of Q121 NAV. In its Q121 results, VEF also highlighted Konfio, a Mexican unsecured SME lender that is its second largest investment, growing at a good pace and with lower costs than anticipated. VEF had a US$61m rights issue in December, providing money for further growth. VEF trades at a 14% discount to NAV and could offer an attractive entry point for growth-oriented investors that cannot easily get direct exposure to the emerging market fintech asset class.

Content on VEF
VEF – NAV momentum
Investment companies | Update | 10 June 2021
VEF – Digitalisation dynamo
Investment companies | Initiation | 6 November 2020
money-2724241__340
View more
Register to receive research on VEF as it is published
Sector
Investment companies
Access more Investment companies content
Share price graph
Key management
David Nangle CEO
Henrik Stenlund CFO