Ameya
People

Ameya Upadhyay

Venture Partner

Ameya invests in disruptive organizations creating economic opportunity for people in emerging markets with a focus on Africa. A venture partner, Ameya is based in London.

Previously, Ameya worked out of Omidyar Network’s Mumbai office, where he co-led several of the firms’ early Financial Inclusion investments in India. Prior to joining Omidyar Network in 2012, Ameya was a consultant at Bain&Company, where he worked with telecommunications and IT providers in India, improving their operational efficiency and developing acquisition strategies. As part of Bain’s private equity practice, he advised clients on potential investments in the tech, media, and telecom sectors.

Ameya received a B.S. in engineering from the Delhi College of Engineering and an MBA from the Indian Institute of Management Ahmedabad.

In The News
Blog
news
February 25, 2021
Strengthening Our Global Team to Address Accelerating Tech Trends and Growing Need for More Financial Health
With the ongoing COVID-19 pandemic, we are more determined than ever to double down and empower passionate fintech entrepreneurs around the globe. We strive to provide the support they need to build digital tools and...
News
opinion
December 09, 2020
[CNBC Africa] COVID-19: How the pandemic has impacted Africa’s gig economy
Originally posted on CNBC Africa According to a report by Flourish Ventures, 66 per cent of gig workers across the globe reported a large decline in income, with ridesharing drivers being hardest hit. Watch the...
Blog
opinion
December 09, 2020
[Business Day Nigeria] Pandemic puts gig-economy workers in even more precarious financial position
The global gig economy has emerged as a vast secondary labour market over the past decade.
News
opinion
August 07, 2020
[TechCrunch] The Tale of 2 Challenger Bank Models
Accelerated by the pandemic and its economic fallout, the tale of retail challenger bank models across the world has been diverging. In the Americas, Albo, Chime,  and Uoala have all reported record user numbers as consumers adapted...
Events
flourish conversations
May 07, 2020
[Flourish Conversations] Early Stage Funding in Africa A Pulse Check
Watch as Arjuna Costa and Ameya Upadhyay convene with leading Africa-focused VCs to discuss investing and fundraising in the current health and financial crisis.
Blog
opinion
April 13, 2020
Speed Matters in Small Business Support: 3 Lessons from a Successful Swiss 30-Minute Crisis Loan
A number of governments and central banks around the globe have launched facilities to provide concessionary loans and guarantees to small businesses, a critical backbone for local economies. Small business owners are experiencing an unprecedented...
Blog
regtech
December 09, 2019
Why We Invested in the Financial Service Innovators Association (FSI): Accelerating Fintech Innovation in Nigeria
By Ameya Upadhyay and David Madden Fintech is booming in Africa right now. In 2018, a third of all venture capital invested in Africa went to fintech and, last month alone, $360 million was invested...
Blog
digital banking
September 20, 2019
Why We Invested in FairMoney: Rebooting Banking in Nigeria
If you ask someone in Lagos if they have a bank account, more likely than not, the answer will be “yes.” You’ll probably get the same answer if you ask if they save with their...
Blog
embedded finance
June 07, 2018
Why We Invested in Lidya: Supporting the Growth of MSMEs across Africa
Globally, micro, small, and medium enterprises (MSMEs) contribute to an estimated 50 percent of total employment.
Blog
insurtech
April 23, 2018
Why We Invested in Pula: Bringing Insurance to Smallhold Farmers
Pula designs and sells ‘insurance bundles’ whereby the insurance policy is embedded in a critical farm input such as seed, fertilizer, or credit.
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Current Investments
Apollo Agriculture FairMoney Financial Services Innovators Flash Flutterwave Honeycoin Lendable Lidya MaxAB Pula Seedspace Dar El Salaam