Stephen Deng co-founded DFS Lab after combining seed investing with rapid prototyping of fintech ideas at Caribou Digital's DFS Innovation Lab, giving him hands-on product experimentation experience alongside venture investing in frontier markets. He brings a systems-level approach focused on building shared digital infrastructure rather than isolated pilots, informed by deep field work in China and Indonesia that he applies when backing African digital commerce and fintech founders. Stephen Deng co-founded DFS Lab after combining seed investing with rapid prototyping of fintech ideas at Caribou Digital's DFS Innovation Lab, giving him hands-on product experimentation experience alongside venture investing in frontier markets. He brings a systems-level approach focused on building shared digital infrastructure rather than isolated pilots, informed by deep field work in China and Indonesia that he applies when backing African digital commerce and fintech founders.