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About tryb
tryb is a venture capital firm founded in 2016. It is primarily based out of Singapore, Singapore. As of Nov 2021, tryb has invested in 8 companies. It primarily invests in Seed round in Indonesia based startups. Its investments are spread across a wide range of sectors from FinTech to InsurTech and Consumer. Most recently it participated in the $***** Series A round of Maria Health Overall, tryb portfolio has seen 1 IPO and 1 acquisition, namely OxPay and Chinsay. A lot of funds co-invest with tryb, with names like 2W sharing a substantial percentage of its portfolio. tryb has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
tryb's List of Top Investments
tryb has a portfolio of 8 companies. Their most notable investments are in Gradana and Alami Sharia.Their portfolio spans across Indonesia, Philippines, Singapore and 1 more locations. They have invested in FinTech, InsurTech, Consumer and 7 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by tryb:_1580727283460.png?format=webp&height=120&width=120){kind=logo}
1. First Circle
First Circle is an online platform for trade financing. It offers loans such as invoice financing, purchase order financing, and more. Borrowers can register via audited financial statements, proof of sales, bank statements along with invoices & purchase orders, and more. It purchases the invoice on the client's behalf. Funds are transferred to the registered bank account.
Key facts about First Circle
- Founded Year: 2016
- Location: Taguig (Philippines)
- Annual Revenue: $1M - $10M as on Dec 31, 2024
- Stage: Series B
- Total Funding till date: $37.1M
- Employee Count: 320 as on Sep 30, 2026
- Investors: Fasanara, IFC and 16 Others
- Latest Funding Round: Conventional Debt, May 26, 2026, $*****
- Highlight: Editors' Pick
2. Alami Sharia
Online P2P lending marketplace offering diversified loans to businesses. It provides a platform for lenders and borrowers to connect for financing or loans. It mainly offers invoice financing, purchase order financing, and community-based financing loans to businesses. It also features an app that is available for Android devices.
Key facts about Alami Sharia
- Founded Year: 2017
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $19M
- Employee Count: 523 as on Aug 31, 2026
- Investors: Agaeti Venture Capital, FEBE Ventures and 13 Others
- Latest Funding Round: Series A, Oct 05, 2023, $*****
- Highlight: Editors' Pick
3. Maria Health
Online health insurance comparison platform provider. It offers health insurance including accident coverage, disability coverage, hospitalization benefits, and more. Also provides customized employee enrollment.
Key facts about Maria Health
- Founded Year: 2015
- Location: Metro Manila (Philippines)
- Stage: Series A
- Total Funding till date: $1.65M
- Employee Count: 20 as on Sep 30, 2026
- Investors: Hustle Fund, Wavemaker Partners and 8 Others
- Latest Funding Round: Series A, Nov 16, 2021, $*****
- Highlight: Editors' Pick
4. IFortepay
Provider of end-to-end payment solutions for businesses. It offers online payment gateway services, enabling businesses to accept payments through various channels. Additional services include payment links for online transactions without website integration, disbursement solutions for efficient fund transfers, and e-meterai & e-sign for secure digital documentation. The company supports diverse local and international payment methods and maintains a robust, secure infrastructure. Compliance with relevant regulations ensures data security and privacy.
Key facts about IFortepay
- Founded Year: 2016
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $3.56M
- Employee Count: 117 as on Aug 31, 2026
- Investors: Perle Ventures, tryb and 1 Other
- Latest Funding Round: Series A, Nov 11, 2016, $*****
5. OxPay
Digital payment solutions for businesses. Provides payment solutions such as card acceptance, alternative payments, POS hardware solutions, automated cross-border payout, and pay sellers, freelancers, content creators, and service providers.
Key facts about OxPay
- Founded Year: 2005
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $8M
- Employee Count: 58 as on Aug 31, 2026
- Investors: Perle Ventures, tryb and 3 Others
- Latest Funding Round: Post IPO, Nov 11, 2016, $*****
- Highlight: Public
tryb's Year-on-Year Investment Trends
tryb has invested in 8 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Gradana and most recent follow-on round was in Maria Health.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 0 | 1 | 1 |
2020 | 0 | 0 | 0 |
2019 | 3 | 0 | 3 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
tryb's Investments by Stage
tryb has made 3 investments in Seed stage with an average round size of $1M, 3 investments in Series A stage with an average round size of $11.2M and 1 investment in Post IPO stage with an average round size of $3.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Post IPO | 1 |
Note: We have considered here, only first round of investments
tryb's Investments by Sector
tryb has a diverse portfolio, with companies operating in the FinTech, Consumer, Financial Services, Enterprise Applications and Gig Economy. Notably, it has invested in 7 Enterprise (B2B) companies, 7 Tech companies, 2 Consumer (B2C) companies and at least 2 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
FinTech | 6 |
Consumer | 3 |
Financial Services | 3 |
Enterprise Applications | 2 |
Gig Economy | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
tryb's Investments by Geography
tryb has made most investments in Indonesia (3), followed by Philippines where it has made 2 investments.Country | No. of Investments |
|---|---|
Indonesia | 3 |
Philippines | 2 |
Singapore | 1 |
Sweden | 1 |
Note: We have considered here, only first round of investments
tryb's recent investments
tryb has not made any investment in 2026 so far.Here are the most recent investments by tryb:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 16, 2021 | Philippines | Series A | 2148 | [+2] | |
May 29, 2019 | Indonesia | Seed | 1712 | - | |
May 07, 2019 | Indonesia | Seed | 2809 | - | |
Jan 22, 2019 | Philippines | Seed | 5313 | [+2] | |
Oct 02, 2018 | Philippines | Series A | 6573 | [+2] |
IPOs and Publicly Listed companies in tryb's Portfolio
1 of tryb's portfolio company became public - OxPay. It got listed on the Singapore stock exchange. ( SGX), in Aug 2008 at marketcap of undefinedHere are tryb's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 22, 2008 | Nov 11, 2016 | Post IPO | 1379 |
Acquired companies in tryb's Portfolio
1 company from tryb's portfolio has been acquired. The most recent acquisition was Chinsay in Oct 2022 by Maritech Services for $*****.Here are tryb's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 05, 2022 | Apr 06, 2017 | Series A | 1266 |
Team profile of tryb
tryb has a team of 2 members including 2 Partners located in Singapore. tryb's team does not sit on the board of any company as of now.Co-investors of tryb
Over the past 10 years, 35 investors have co-invested in tryb's portfolio companies. This includes funds and angels.
- Invested before tryb: Accion, DeepBlue Ventures and 8 others have invested in rounds before tryb. There is 1 company where Accion has invested before tryb and 1 company where DeepBlue Ventures has invested before tryb.
- Top Co-investors of tryb: 7 investors entered a company along with tryb. These include investors like 2W (2 companies).
- Invested after tryb: A total of 18 investors have invested in tryb's portfolio after their investments. Top Investors include IFC (1 company), Fasanara (1 company) and Endeavor (1 company).
Recent News related to tryb
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Singapore’s tryb Invests in Indonesian Property Crowdfunding Platform GradanaFinTechnews•May 29, 2019•tryb
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Sharia-compliant fintech startup nets funding in round led by Singapore’s TrybTech in Asia•May 07, 2019•Alami Sharia, tryb
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Singapore's Insignia, tryb among co-leads in US$26m fund raising by Philippine fintech First CircleThe Business Times•Oct 06, 2018•First Circle, Insignia Ventures Partners, tryb, Venturra Capital and 1 other
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First Circle, a Philippine-based Fintech, Preps to Launch New SME Targeted Credit Facility with Support of GovernmentCrowdfund Insider•Oct 01, 2018•First Circle, Venturra Capital, Insignia Ventures Partners, tryb and 1 other
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Tryb Group raises $30M to develop fintech platforms for Southeast AsiaJan 24, 2018•tryb, StoreHub, Vertex Ventures, CSV and 7 others
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tryb Group appoints Choong Luen as COO, Jason Strimpel as head of platforms Deal Street Asia•Oct 26, 2017•tryb
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Thailand's 2W Group leads US$5M investment into MC Payment to finance expansione27•Nov 11, 2016•http://aurafunds.com.au, Perle Ventures, 2W, tryb and 3 others
