Fintech Startup Zinc Secures $25.5 Mn from Nexus Venture Partners, Others

Quona Capital, EDBI, Global Ventures, Saison Capital, and Nexus Venture Partners led the $25.5 million seed fundraising round for edu-wealth company Zinc.

The Singapore-based company intends to use the money to develop new products, broaden its product offerings, and get important financial licenses.

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"We’re excited about the $25.5M fundraise, but even more so about the vision it powers— building a future where every child in India with the ambition to study abroad has a clear path forward, no matter where they come from" , the company said in a statement.

Zinc has also applied for a brokerage license to the International Financial Services Centers Authority (IFSCA) in GIFT City.

About Zinc

Founded by former PayU Credit chief executive and PaySense founder Prashanth Ranganathan in 2024, Zinc seeks to give parents and students a financial foundation designed especially to cover the growing expenses of studying abroad.

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