Venture • Financial Services

EmergeVest Invests In Lucy

On August 2, 2021, private equity firm EmergeVest invested in financial services company Lucy

Investment Context

This is EmergeVest’s 1st transaction in the Financial Services sector.
This is EmergeVest’s 1st transaction in Singapore.

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Investment Summary
Date	August 2, 2021
Target	Lucy
Sector	Financial Services
Investor(s)	EmergeVest
Deal Type	Venture

Target Company

Lucy

Singapore, Singapore

Lucy is an operator of the first neobank focused on women entrepreneurs. Lucy app helps women entrepreneurs set up, run and grow their businesses, with affordable financial services including fee-free accounts with Mastercard, no-interest salary advances, savings accounts, loan management, and low-cost remittances. Lucy is based in Singapore City.

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Investor Overview 1

Investor

EmergeVest

Investor Investor

Category	Private Equity Firm
Founded	2013
Size	Small
Type	Sector Focused

DESCRIPTION

EmergeVest is a private investment group that looks to invest in and acquire business services companies. The Firm has particular interest in international supply chain opportunities, spanning logistics and related technology. EmergeVest was established in 2013 and is headquartered in Hong Kong.

Deal Context for Investor	#
Overall	4 of 4
Sector: Financial Services	1 of 1
Type: Venture	1 of 1
Country: Singapore	1 of 1
Year: 2021	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-11-22	Palletforce Staffordshire, United Kingdom Palletforce is a distributor of palletised freight across the UK and Europe. Palletforce was founded in 2000 and is based in Staffordshire, United Kingdom.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2018-11-22

Palletforce

Staffordshire, United Kingdom

Palletforce is a distributor of palletised freight across the UK and Europe. Palletforce was founded in 2000 and is based in Staffordshire, United Kingdom.

Sell

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