Frontier Investment

General Information

We intend to focus our search on a target (our “Target Business”) with business operations or prospective operations in the technology, digital media, e-commerce, financial technology, or digital services sectors, which we refer to as the “new economy sectors”, across the high growth markets of the Middle East North Africa & Turkey (“MENAT”), Sub-Saharan Africa (“SSA”), South Asia (“SA”) and Southeast Asia (“SEA”) (collectively, our “Target Markets”). (New blank-check company or SPAC incorporated in the Cayman Islands)

We believe that our Target Markets benefit from significant macro-economic tail winds. Collectively, these markets represent a fast-growing population of over 4 billion people(1), real GDP of approximately $13 trillion(2), a high proportion of young people with access to internet of who are propelling digital leap across sectors. These markets are at different stages of development of the internet economy eco-system and growing rapidly, in some cases by rolling out models that are already proven in more developed markets (delivery apps, vertical and horizontal e-commerce, media streaming etc.) and in other instances innovative, tailored solutions addressing specific market needs (mobile wallets, alternative finance etc.). Often, global players are unable to provide the degree of localization required to create strong propositions (e.g. Cash on delivery alternatives to address low credit card penetration in some markets).

We believe that the new economy sectors are poised for continued rapid growth. Our potential Target Businesses will vary by sub-region:

•     MENAT: relatively higher incomes (especially in the Gulf Cooperation Council “GCC” countries) and internet access with very low but fast-growing e-commerce penetration (e-commerce as a % of total retail sales is around 5% in the GCC as compared with almost 28% and 14% in the UK and US respectively) is creating opportunities in e-commerce, delivery services, classifieds and internet infrastructure;

•     Sub-Saharan Africa (SSA): In SSA, owing to a significant unbanked population, card and digital payments remain low. This has led to significant growth in mobile wallets, alternative lenders and payment/remittance businesses that represent attractive potential opportunities for us

•     South Asia: Large population size of around 1.7 billion with about 45% under the age of 25, rapidly rising per capita incomes and urbanization levels, makes South Asia a very attractive market for technology and technology enabled businesses in sectors such as e-commerce, edtech and foodtech. High mobile penetration rates have created opportunities for digital finance services such as mobile wallets, consumer finance and mobile payments for a population that is largely unbanked and underbanked as well as digital media services like streaming and gaming

•     South East Asia: represents relatively more mature markets with higher income levels and more developed infrastructure. Higher e-commerce spending, significant time spent online by the high proportion of young population. This has led to an explosion of new media and gaming companies alongside more mature e-commerce, internet infrastructure, classifieds and other specialized players

(Note: Frontier Investment Corp. priced its SPAC IPO on June 30, 2021, in line with the terms in its prospectus: 20 million units at $10 each to raise $200 million.)

Employees: 0
Founded: 2021
Contact Information
Address 3411 Silverside Road Tatnall Building #104 Wilmington, DE 19810
Phone Number (302) 351-3367
Web Address
View Prospectus: Frontier Investment
Financial Information
Market Cap $250.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol FICVU
Exchange NASDAQ
Shares (millions): 20.0
Price range $10.00 - $10.00
Est. $ Volume $200.0 mil
Manager / Joint Managers J.P. Morgan
CO-Managers -
Expected To Trade: 7/1/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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