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Newid Capital is a venture capital firm investing in growth-oriented financial services companies internationally. Its core strategy is impact investing, targeting businesses serving underbanked populations outside North America and Western Europe. This approach aims to foster innovation, delivering accessible financial solutions to demographics underserved by traditional infrastructure.
Established in 2014, Newid Capital was co-founded by Ainsley Morris Cohen, a Founding Partner, and Nigel Morris. Ainsley Morris Cohen's background includes an Investment Analyst role at QED Investors, providing expertise in financial technology. The firm's inception stemmed from the founders’ recognition of a global need for expanded, inclusive financial services.
Newid Capital's portfolio companies cater to individuals and communities lacking traditional financial services. The firm envisions universal financial inclusion, empowering these populations through innovative models. Its long-term mission centers on driving transformative change in global financial accessibility and participation.
Newid Capital has 5 tracked investments across 3 companies. The latest tracked deal is $7.0M Series A in Lulalend in June 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2019 | Lulalend | $7.0M Series A | Quona Capital | Sahil Lavingia, Accion Venture LAB |
| May 1, 2018 | Lidya | $7.0M Series A | Omidyar Network | Flourish Ventures, Accion Venture LAB, Alitheia Capital, Bamboo Capital Partners, Tekton Ventures |
| Mar 29, 2017 | Lidya | $1.3M Seed | Accion Venture LAB | — |
| Feb 1, 2017 | CreditMantri | $8.0M Series B | Quona Capital, Newid Capital | — |
| Oct 11, 2016 | Lulalend | $1.0M Other Equity | Michael Schlein | Hallmann Holding International Investment |
