Remittance service – RemitGuru operator Fable Fintech has received an undisclosed funding from Pentathlon Ventures, investors Lashit Sanghvi and Ashish Kacholia and Sumeet Kanwar, an ex Wall Street banker.
The round also saw participation from existing investors Infibeam Avenues and Paytm.
“We are elated to onboard marquee investors and look forward to their insights in enriching and realising our vision. In the last three years, we have built an ecosystem for unlocking the latent fintech potential in banks, financial institutions and businesses to move money worldwide in a secure, transparent, reliable and efficient manner,” said Naushad Contractor, chief executive officer of Fable Fintech.
“Fable will continue to expand the proposition to newer markets—thereby working towards making cross-border transactions more agile, seamless and accessible to customers of Banks, MSBs and anyone who needs platforms like these across the world,” added Kacholia.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.