Perennially credit-starved, Sri Lanka has high bank, but poor credit coverage. Bluestone, recognized that well governed Finance Companies with the right technology and aligned management have the ability to compound capital for investors. Fintrex aims to deploy best in class practices to scale its operations nationwide with a careful focus on risk and return metrics.
The scope for a nimble and consumer-focussed finance company to deliver value in such an environment is reasonably wide. We identified two strategic areas where compounded growth could come with tight risk control and reasonable cost income ratios. One is in the SME sector, and the other in the home loans and loans-against-equity. With the right technology backbone and aligned management, Bluestone firmly believes that Fintrex can set the standard for finance companies in the country.
As the market leader and Sri Lanka’s most successful start-up business in recent times, PickMe envisioned the intelligent upgrade of the local transportation industry; consequently, inspiring Sri Lanka towards matching global standards in effective problem solving via technology.
PickMe is the proud product of this vision, instilled by a leadership that comprises the enterprisingly youthful and highly accomplished, and realized by talent headquartered in Colombo, Sri Lanka.
The PickMe software is a platform that facilitates a real time connection between the taxi passenger and the taxi driver, enabling mutual engagement for the receipt and delivery of a seamless service. PickMe’s next phase will see the company going into logistics and food delivery.
With a 25% stake in Ingame Entertainment (IGEL), Bluestone Capital has entered the highly exciting and growing ecosystem for Esports in the sub-continent.
Global Esports revenues will top $1b in 2020 with over 380m people following the sport, with prize pools that dwarf any other competitive sport. Bluestone believe that the sub-continent market is ripe for growth and Sri Lanka provides the perfect venue for the coming together of these countries.