Inanc Balci
Inanc Balci is a founding partner at Crestone and heads our investments in Asia from our office in Manila. He is a Board member in multiple ecommerce and fintech companies and an active Seed investor.
Before founding Crestone, he was a co-founder of Lazada Group, one of the largest e-commerce companies in SEA. In 2018, Alibaba acquired Lazada for US$3.2bn. He started the Lazada operations in the Philippines in 2012 and grew the business over $1bn in GMV as CEO between 2012-2018. Inanc was instrumental in establishing the ecommerce ecosystem in South East Asia, and helped build the payment systems and logistics operation of Lazada, now one of the largest last mile logistics companies in the region. He has experienced first hand how ecommerce changed business landscape in the region and created opportunities for thousands of merchants and a better purchase experience for millions of customers. He sees Financial Services as the next frontier in the fourth industrial revolution. Inanc is passionate about driving growth and sharing his experience with the next generation of entrepreneurs.
He also co-founded helloPay, which was acquired by Ant Financial in 2017 and rebranded AliPay, and is a Seed investor in several Fintech companies operating on the intersection of ecommerece and financial services.
Inanc started his career as a TMT investment banker in London.