Fintech Startup News and Updates

The pre-seed round of Indian Express Commercial Ventures, Samir Modi of Modicare, Himanshu Nautiyal from Fractal Analytics, Nirav Mehta of Morgan Stanley Private Equity, Hemant Adarkar of Artha Center, Venkatesh Hariharan, a public policy advisor, and Rajat Agarwal, partner at Vertices Partners, contributed $400K to the Mumbai-based fintech platform PocketATM.

A Rs 250 crore SaaS accelerator fund has been established by alternative investment platform GetVantage to assist business-to-business enterprises in growing without diluting their equity.

In a seed round headed by venture capital company CDM Capital, fintech startup Mylapay secured Rs 4.6 crore ($550K). 77 Capital and Saison Capital, based in Singapore, also participated in the round.

Digital escrow platform Escrowpay just secured $600,000 from its current investors, bringing the total capital in its continuing Series A round—which has a target of $15 million—to a massive $6.6 million.

BharatPe, leading name in fintech, announced its financial performance for the fiscal year 2023, showcasing substantial growth and strategic advancements across key business segments.

A marquee accelerator programme for early-stage businesses in the banking, financial services, and insurance (BFSI) industry has been established by the fintech consultancy firm The Digital Fifth (TDF).

M2P Fintech, a provider of financial systems, has purchased Goals101, a big data analytics platform.

As part of its second fund, early-stage venture capital firm Sprout Venture Partners has raised nearly $10 million. Sprout VP raised $5 million in its first fund, which was distributed among 13 companies.  

'Scapia, the fintech company on a mission to make travel accessible through its suite of financial products, has raised $23 million in its Series-A funding round, led by Elevation Capital and 3STATE Ventures. The round also saw participation from its existing investors, Matrix Partners India and Tanglin Venture Partners.

Kiwi, a fintech startup, raised $13 million in a recent funding round, under the leadership of Omidyar Network India. Participating in the round were long-time investors Nexus Venture Partners and Stellaris Venture Partners.