Funding

SME-focussed fintech CredFlow raises $3.7 million led by existing investors

SME-focussed fintech CredFlow raises $3.7 million led by existing investors

21 Nov 2024, 12:38 PM

The startup plans to utilize the fresh capital for growing its lending business vertical, developing multiple new products and hiring.

Rural lending startup SarvaGram raises $67 million funding led by Peak XV

Rural lending startup SarvaGram raises $67 million funding led by Peak XV

14 Nov 2024, 18:48 PM

With the latest round, the Pune-based SarvaGram Solutions has raised Rs 950 crore ($113 million) in total funding till date.

Fintech, EV startups increasingly turning to venture debt in India: Lighthouse Canton report

Fintech, EV startups increasingly turning to venture debt in India: Lighthouse Canton report

14 Nov 2024, 18:10 PM

About 40% of founders prefer venture debt over traditional debt and equity as it is less dilutive, while 30% sees the repayment schedule flexibility as a significant factor.

KYC startup Equal raises $10 million in Series A led by Prosus, others

KYC startup Equal raises $10 million in Series A led by Prosus, others

11 Nov 2024, 13:27 PM

The funding will go towards scaling operations, forging strategic partnerships, and developing a digital framework for improving the data-sharing ecosystem in India.

Easy Home Finance raises $35 million in Series B funding

Easy Home Finance raises $35 million in Series B funding

06 Nov 2024, 12:18 PM

The latest round brings the total capital infusion into the company to over $100 million in equity and debt financing.

Finova Capital raises $135 million in Series E

Finova Capital raises $135 million in Series E

04 Nov 2024, 22:19 PM

Existing investors Norwest Venture Partners, Peak XV Partners, Faering Capital, and Maj Invest also doubled down in the round.

Former PayU exec’s startup raises $25.5 million in seed round

Former PayU exec’s startup raises $25.5 million in seed round

04 Nov 2024, 22:04 PM

The company plans to use the funds to enhance product innovation and broaden its offerings, particularly in global investment tools, AI-driven university counseling, and cross-border payment solutions.

Fullerton to acquire controlling stake in Lendingkart

Fullerton to acquire controlling stake in Lendingkart

23 Oct 2024, 14:34 PM

The deal, which includes an investment of up to Rs 252 crore ($30 million), is awaiting regulatory approval.

Febi.ai raises $2 million in pre-Series A funding

Febi.ai raises $2 million in pre-Series A funding

23 Oct 2024, 14:26 PM

The new funding will be used to enhance AI capabilities, expand customer acquisition, and grow the workforce.

India ranked second in fintech funding during Q3

India ranked second in fintech funding during Q3

23 Oct 2024, 14:23 PM

The top-performing sectors in Q3 2024 included alternative lending, investment tech, and payments.

Exclusive: Amazon-backed Axio closing $20 million fundraise

Exclusive: Amazon-backed Axio closing $20 million fundraise

22 Aug 2024, 13:56 PM

The Bengaluru-based Axio (previously known as Capital Float) is close to securing $20 million in a new equity round.

Fintech Hightlights

  1. SoftBank-funded OfBusiness hires top bankers for IPO in 2025

  2. Innoviti ropes in Nish Kotecha to its advisory board

  3. BusinessNext introduces AI agent platform for BFSI sector

  4. SME-focussed fintech CredFlow raises $3.7 million led by existing investors

  5. Wealth management startup Dezerv posts 95% jump in losses in FY24
  6. Read more highlights...

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