September 16, 2024
SUMMARY While Accel has invested Rs 19.5 crore in Moneyview, Nexus has invested Rs 19.1 crore. This could be part of a larger funding round According to Inc42's calculations, the fintech startup was valued at $1.2 billion in the funding round, making it the sixth startup to become a unicorn in 2024 so far. At
September 15, 2024
Date Name Sector Sub-sector Business model Amount of the financing round Type of funding cycle Investors Lead Investor September 11, 2024 InMobi Enterprisetech Horizontal SaaS B2B $100 million Debt Mars Growth Capital Mars Growth Capital September 11, 2024 Flexi Loans Fintech Loan Technology B2B $34.5 million C Series Accion, Maj Invest, Nuveen, Fundamentum – September
September 14, 2024
News Nigerian fintech Risevest recently acquired Kenyan investment startup Hisa, enabling it to tap into the digital investment market in Kenya Risevest-et-Hisa Risevest, a Nigerian fintech startup specializing in investment solutions, recently acquired Kenyan investment startup Hisa. The acquisition, which has been approved by the Capital Markets Authority of Kenya (CMA), will allow Risevest to
September 14, 2024
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September 14, 2024
Bolt, one of the largest payments companies in the United States, announced that it has resolved a long-running dispute by buying out the shares of its investor Activant Capital. Activant had filed a lawsuit against Bolt founder and CEO Ryan Breslow, accusing him of adding $30 million to the company’s balance sheet through a personal
September 14, 2024
Join us at Fintech Revolution SummitIndonesia's first fintech event, the October 24, 2024 In Jakartathe financial center of APAC. This summit will bring together over 400 BFSI experts and fintech leaders to discuss trends and investment opportunities in financial technology. Participants will include fintech founders, central bankers, FSI experts, regulators, policymakers, technologists, entrepreneurs, investors, academics
September 14, 2024
SUMMARY The programme will target sectors operating in artificial intelligence, e-commerce, financial services, healthcare and edtech as well as 'Bharat' focused startups. Accel said it would invest up to $1 million in selected startups, along with $5 million in incentives. Applications for Accel Atoms 4.0 open next Monday (September 16) and close on November 17
September 13, 2024
Kenyan investment app Hisa has been acquired by Risevest, a similar but more established company in Nigeria. “I am delighted to share this Hisa was acquired by Risevest,” announced Hisa co-founder Eric Asuma on Twitter. "Eke Urum (CEO of Risevest) and I share the same vision: to expand investment opportunities for Africans. A big thank
September 13, 2024
Egyptian fintech startup Paymob has extended its Series B round to $72 million with $22 million in new funding, allowing it to continue its growth strategy at home and in the broader MENA region. Founded in 2015 by Islam Shawky, Alain El Hajj and Mostafa Menessy, Paymob is an infrastructure technology enabler providing payment solutions
September 13, 2024
Unicorn Fintech slice is reportedly preparing to raise Rs 300 crore (around $36 million) through convertible bonds debt. According to a report by Entrackr, several key investors including Taneja Family Trust, Anju Family Personal Trust, UK2 Family Trust and MN Family Trust will co-lead the debt. The report said each of these trusts invested Rs
September 13, 2024
Based in Bengaluru financial technology loan platform Money Overview acquired fintech startup Jify in a share swap deal. Through this deal, Jify's two main investors Accel India and Nexus Venture Partners secured 60.2 lakh shares of Moneyview worth around $4 million. ET has accessed details of the deal through documents filed with the Registrar of
September 13, 2024
Bitcoin.com NewsLengthy Licensing Processes Stall Kenyan Fintech StartupsFintech startups face significant challenges when expanding into Kenya, mainly due to the lengthy and complex licensing process….7 hours ago
