Sofina

Cred raises $72 million led by GIC in a downround

Cred raises $72 million led by GIC in a downround

11 Jun 2025, 14:22 PM

The investment was made at a valuation of $3.5 billion, much lower than the valuation of $6.4 billion when they last raised capital in 2022.

Finova Capital raises $135 million in Series E

Finova Capital raises $135 million in Series E

05 Nov 2024, 02:49 AM

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

Fintech Hightlights

  1. Razorpay picks majority stake in consumer payments platform POP

  2. Cross-border payments startup Aspora bags $53 billion in Series B funding

  3. FamApp's co-founder exiting startup via secondary stake sale

  4. InCred to buy trading platform Stocko for $35 million

  5. IPO-bound Groww records Rs 1,820 crore net profit; raises fresh capital
  6. Read more highlights...

AI/Emerging Tech

  1. Google plans to snap ties with Scale AI after Meta's "significant" investment

  2. India’s domestic AI market to more than triple to $17 billion by 2027: BCG

  3. Read more highlights...

Editor's Pick

  1. Madras HC grants anticipatory bail to Strata founder in email impersonation case

  2. Exclusive: Paytm’s payment aggregator unit fires all senior executives

  3. UPI’s Zero-MDR (Illusion) Model is Cracking – Who’s Really Paying the Price?