Latvian startup Jeff has raised $2 million investment to expand its data-drive financial marketplace. The investment was led by the Czech-based VC fund Presto Ventures with participation from the specialist data and AI fund J12, as well as group of angel investors and industry veterans. The investors told AIN the details of this round.

About Jeff

  • Jeff is a data-driven marketplace for financial services in some of the world’s biggest emerging economies in Asia. With a customer analysis via a collection of digital data footprint the platform provides people with access to services suited to their needs, while bringing new market and growth opportunities for financial service providers. 
  • Since its 2020 launch in Vietnam, Jeff has expanded into other Southeast Asian markets, such as Philippines and Indonesia, and has grown to $10 million in revenue. Additionally, the startup claims its marketplace has given more than 6 million people access to apply for over 60 million financial products.

The investment was led by the Czech-based VC fund Presto Ventures with participation from the specialist data and AI fund J12, a group of angel investors, and industry veterans and executives Jean Pascal Duvieusart, Ladislav Bartonicek, and the founder of Printify, James Berdigans.

At Presto, we’re strong advocates of and big believers in the use of AI, machine learning, and alternative data science – especially in markets where the traditional financial data landscape poses challenges. Once the Jeff team launches in India, they’ll have a footprint in 5 of the 20 largest countries in terms of population around the world. In these countries, the segments of underbanked and financially underserved consumers are significant, and many similarities can be drawn among their systemic problems. The Jeff team has already proven their success in Vietnam was not a one-hit-wonder, and we’re excited to see their blueprint for entering new countries and product categories in action,

Roman Novacek, Partner at Presto Ventures, commented.

The money will be used on Jeff`s commercial expansion into emerging markets throughout Asia and beyond, accelerating the recruitment process, and building out the suite of financial services and products, such as credit, on their marketplace.