Fintech startup Mintoak Innovations Pvt. Ltd has raised $20 million (Rs 165 crore) in a Series A funding round, led by PayPal Ventures, according to VCCircle report. The round also saw participation from British International Investment, White Whale Venture Fund and existing investors HDFC Bank and Pravega Ventures. The company plans on utilising the funding…
Kotak Securities has invested Rs 5 crore in Bengaluru-based fintech Banksathi by leading its pre-series-A round funding, according to PTI report. Kotak Securities in the recent past has made four strategic investments and two acquisitions in the startup space. While it has invested in Stockedge, eLearn Markets, Flipit Money and Multiple, its recent two acquisitions…
Fintech firm Money View has raised $75 million in a funding round led by UK-based asset manager firm Apis Partners, according to the PTI report. Venture Capital Tiger Global, Winter Capital and Evolvence also participated in the funding round, which valued the Bengaluru-based fintech company at $900 million (about Rs 7400 crore), Money View said…
Fintech startup Zype said it has raised Rs 146 crore in a funding round led by city-based private equity fund Xponentia Capital, according to PTI report. Zype, which is focused on upping credit accessibility to millennials and help them develop sustainable financial habits, will deploy the funds for the technology platform, expanding team and customer…
Micro SME focused fintech startup 4Fin has announced that it has raised strategic seed funding of $1M. The Pune headquartered startup had earlier raised $1.1M in its pre-seed round. The company announced that the funds raised would be primarily used for disbursing loans through its lending arm, for which the entity has recently got an…
Jodo, a fintech startup in the education payments space, announced it has raised $15 million in a fresh funding round led by Tiger Global, a New York-based investment firm. Existing investors Elevation Capital and Matrix Partners India also participated in the current funding round. With the latest funding, Jodo plans to scale up its education…
Supply chain finance platform CredAble has raised $9 million in a fresh funding round from Axis Bank. Existing investor Oaks Asset Management also participated in the funding round. Post funding, Axis Bank will acquire a 5% stake in the startup. The funding will be used to scale its growth plans. Founded by Nirav Choksi…
Klarna, the global leader in the generational shift away from credit cards, announced the closing of a new $800m financing at a $6.7bn post-money valuation. The financing attracted strong support from both existing and new investors and will primarily be used to expand Klarna’s leading market position in the United States. Sebastian Siemiatkowski, CEO of…
Fintech company Lendingkart announced it has raised debt funding of Rs 75 crore from GMO LLC and Triodos Investment, according to PTI report. The company will use the funds to originate MSME (micro, small and medium enterprises) loans across all states with credit decisions in a live environment using in-house built origination engine ‘xlr8’ and…
Cross-border payments startup PayGlocal has raised $12 million funding co-led by Tiger Global and Sequoia Capital India. The startup will utilise the funds to scale its business and launch new payment solutions. BeeNext and angel investors like Pine Labs CEO Amrish Rau, Citrus Pay and Jupiter founder Jitendra Gupta, and Cred’s founder Kunal Shah also…
Fintech startup IppoPay announced it has raised $2.1 million in Seed funding from Coinbase Ventures, Better Capital, Blume Founders Fund, and a number of high-profile angel investors. Founded in November 2020, the IppoPay has enabled 50,000 offline merchants and daily income earners in the Indian Tier 2, Tier 3, and rural market to increase their revenues through…
Altius Investech announced it has raised Rs 6 crores at post money enterprise value of INR 51 cr. The investment was raised from close associates, professionals & marquee investors. The primary objective being, to invest in technology, increase working capital and open offices in various cities in India and abroad, the statement said. Altius Investech…
Credit Fair, a consumer-lending fintech startup, has raised $15 million in a seed funding round led by angel investors Anand Ladsariya and Alok Agarwal of Striver Capital Advisors, according to PTI report. The startup will utilise the capital—a mix of equity and debt—to build its technology team, enhance underwriting models, and expand into Tier II…
India-focused, California-based fintech player Aeldra Financial, which at the beta level has opened over 10,000 US savings bank accounts for Indians over the past three months, is looking at raising $25 million from existing and new investors as it is entering more geographies, according to PTI report. Aeldra offers private banking services with primary focus…
ePayLater, the Mumbai and Gurugram-based fintech startup, has raised Rs 18 crore in a funding round led by Pravega Ventures and joined by others. Companies in Pravega Ventures’ portfolio include document scanning and management platform Kaagaz, SME-focused digital payments platform Mintoak, and content creator firm CreatorOS. Founded in 2015 by Akshat Saxena, Aurko Bhattacharya, and…