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The latest update is out from VEF AB ( (SE:VEFAB) ).
Emerging markets fintech investor VEF AB reported a 6% quarter-on-quarter decline in net asset value to USD 408.6 million in the first quarter of 2026, hit by a broad sell-off in comparable listed names amid Middle East conflict-driven uncertainty. The company’s cash position improved to USD 25.2 million, while the quarter produced a net loss of USD 25.3 million, though portfolio fundamentals remained robust.
Portfolio company Creditas ended 2025 with record quarterly revenue and a BRL 7.1 billion loan book, which VEF says leaves it in its strongest operational shape in years. Indian payments firm Juspay achieved unicorn status with a new funding round, enabling VEF to realize further secondary proceeds at a premium valuation and lock in a 35% IRR and 4.5x cash-on-cash return on its investment.
More about VEF AB
VEF AB is an investment company focused on fintech opportunities in emerging markets, backing digital financial services platforms across high-growth economies. Its portfolio includes businesses such as Creditas in Brazil and Juspay in India, giving VEF exposure to lending, payments and other technology-driven financial solutions in underserved markets.
Average Trading Volume: 1,357,882
Technical Sentiment Signal: Hold
Current Market Cap: SEK2.23B
Learn more about VEFAB stock on TipRanks’ Stock Analysis page.