Fintech VC | Herston Powers, 1982 Ventures | DigFin VOX Ep. 67
Herston Powers is co-founder and partner at 1982 Ventures, a Singapore-based venture capital firm that focuses on fintech.
Herston says now is a great time for seed investing into new fintech companies in Southeast Asia. He is backing the next wave of founders, many coming out of the region's giant e-commerce businesses.
He discusses what sectors of fintech are attractive, the state of fund-raising in today's tough macro environment, and the future of IPO opportunities.
Timecodes:
0:00 - Herston Powers, 1982 Ventures
1:03 - Founding a VC company focused on fintech
5:15 - The growth thesis for Southeast Asian fintech startups
8:36 - Innovation versus regulatory arbitrage
10:39 - Managing the costs of financial compliance
11:45 - What differentiates today's fintech founders
14:46 - Which financial services verticals are promising
20:00 - Helping portfolio companies navigate surprises
22:13 - Fund raising from LPs
25:17 - Valuations
26:36 - Exit opportunities
28:11 - IPO prospects in Asia and the US