September 23, 2024
A Gurugram-based fintech unicorn Mobikwik has received final approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offer (IPO) worth Rs 700 crore. The IPO will consist entirely of a fresh issue of shares of face value of Rs 2 each, and there will be no offer for sale.
September 23, 2024
THE fintech sectorespecially the world of cross-border digital paymentshas had its share of high-growth “unicorns” that approach their rise in business with the infamous “move fast and break things” mentality. The strategy is certainly doing a lot of damage and has recently left Some investors hold the piggy bank. But it worked well enough to
September 22, 2024
Between September 16 and 21, 2024, no less than 24 startups Companies from diverse sectors have raised over $470 million in funding from investors. These sectors include Edtech, Fintech, NBFC, SaaS, Dating, Traveltech, Wellness, Healthcare, Food, and Infrastructure. Last week, Indian startups raised over $227 million in funding, with consumer tech unicorn InMobi alone raising
September 22, 2024
Mexican fintech startup History closed a new financing round worth $212 million, in a mix of equity and debt financing that includes Goldman Sachs Group Inc.to stimulate investment and expansion into other markets. Of the total, $105 million was in equity led by Notable Capital, BAI Capital and existing investors, and $107 million was in
September 21, 2024
Date Name Sector Sub-sector Business model Amount of the financing round Type of funding cycle Investors Lead Investor September 20, 2024 Physics Wallah Educational technologies Test Preparation B2C $210 million Series B Hornbill Capital, Lightspeed Venture Partners, GSV, WestBridge The hornbill capital September 18, 2024 Redcliffe Laboratories Health technologies Health services B2C $42 million C
September 21, 2024
SUMMARY Neobanking fintech startup Kaleidofin has secured $13.8 million (approx. INR 115 crore) in a new funding round led by Rabo Partnerships The round also saw participation from existing backers including the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India and Flourish Ventures Kaleidofin provides financial solutions to low-income customers, underbanked customers and businesses
September 21, 2024
Colibidaethe Spanish FinTech platform behind the country's first mortgage auction system, has successfully raised €400,000 in a seed funding round. The funding round included follow-on investments from Demium Capital and angel investor Andreas Mihalovits, reflecting their continued confidence in Colibid’s potential and future prospects. Alongside existing investors, OK Ventures, the venture capital arm of the
September 21, 2024
The startup world can be a very strange place. In a letter to investors, it was announced that Bolt founder Ryan Breslow returns as CEO of the struggling startup and raises an additional $450 million at a $14 billion valuation from investors in the UAE and the UK, The information reported. The valuation represents a
September 20, 2024
The startup ecosystem in India The country continues to thrive, with a variety of companies making remarkable strides in sectors such as drone technology, electric vehicles, fintech, and food delivery. These companies are not only driving innovation, but are also actively shaping the country’s future. Below are some of the most notable companies Startup News
September 20, 2024
Bitcoin.com NewsLightning Network-Focused Startup Lightspark Sets Sights on Latin AmericaLightspark hopes to enter the Latin American cryptocurrency market using its Latin American partners, including Bitso and Nubank..15 hours ago
September 20, 2024
Tech Funding NewsAvid Ventures Closes $87M Fund II to Back Transformative Software and Fintech StartupsNew York-based Avid Ventures has launched its second seed fund, closing $87 million..7 hours ago
September 20, 2024
Founded in 2020 by former employees of credit-scoring startup Clearscore, Yonder offers users a credit card with rewards like meals at high-end restaurants, event tickets, and points toward flights. The startup charges a monthly subscription fee of £15 (about $18.80). The startup initially focused on expats in the UK who didn't have a credit score,
