VEF - NAV momentum
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.Vostok Emerging Finance is an investment company that invests in early stage fintech companies across emerging and frontier market. Co. principally invests in financial services sector. The financial services sector includes credit, payments, mobile money and all forms of financial marketplaces. Co. focuses on investing in private companies and taking equity stakes, acquiring sizeable minority stakes and board representatioin where approriate in its portfolio companies. Co. also makes investments in other parts of the capital structure, such as debt, to support targeted companies' growth and also ensure that investment funds are working while seeking future equity investment opportunities.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.