CRED raises $140M in Series F round at $6.4B valuation

Fintech unicorn CRED has raised $140 million (Rs 1,089 crore) of fresh capital (primary and secondary) as part of its Series F funding round from new and existing investors. The digital payments platform has approved the issuance of 42,308 Series F Compulsorily Convertible Preference Shares (CCPS) at an issue price of Rs 145,846.98 per share […]

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Proptech startup Ivy Homes raises $7M from Khosla Ventures, Venture Highway, others

Bengaluru-based proptech startup Ivy Homes on Monday said it raised $5.75 million in equity and $1.3 million in debt in its seed round, which saw participation from Khosla Ventures, Venture Highway, Y Combinator, GFC, Foundamental, Better Capital, and Titan Capital. Ivy Homes, which uses artificial intelligence (AI) and machine learning (ML) to provide instant liquidity […]

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PumPumpum raises $2 Mn round from LC Nueva, others

Used car leasing company Pumpumpum has raised $2 million in equity from LC Nueva Investment Partners; Founders Room Capital; LetsVenture; Manish Agarwal, Founder and CEO, Nazara Group; and Uday Sodhi, Ex Business Head of Sony Liv. Pum Pum Pum provides vehicle leases to corporate and retail customers with service, customers with service, maintenance, insurance, and […]

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Wiz Freight adds Rs 51 Cr worth options to ESOPs pool

Joining the ranks of many growth stage startups, digital supply chain startup Wiz freight has expanded its employee stock options (ESOPs) pool. The expansion came soon after completion of its Series A round. The Chennai-based firm has passed a resolution to issue 1,181 esop options to its work force, regulatory filing shows. As per Fintrackr’s […]

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South African fintech JUMO in $120 million round

JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. The round, which marks Fidelity’s first investment in an African company, also saw the participation from fintech giant Visa and […]

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Tiger Global leads $25 million investment into Swap

Swap, a São Paulo-based BaaS startup, announced today it has raised $25 million in a Series A led by Tiger Global Management. The financing was “heavily oversubscribed,” according to the company, which has now raised $28 million since its October 2018 inception. Endeavor, Tinder co-founder Justin Mateen, partners of DST Global, ONEVC, Global Founders Capital […]

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CredAble raises $30M in Series B round

credable funding

CredAble, a fintech firm, announced that it has raised $30 million in a Series B round co-led by Plutus Wealth Management and its associates and existing investor Oaks Asset Management. CredAble plans to use the freshly raised funds to enhance its platform to innovate and enter deeper into the ecosystem, to offer working capital solutions […]

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Aviom India raises $8M from Sabre Partners

aviom funding

Aviom India Housing Finance, a fintech startup offering credit to low-income households, announced that it has raised $8 million in a Series C round from Sabre Partners. Established in 2016 by Kajal Ilmi, Aviom India has operations in 14 states with more than 100 branches. It serves low-income households in both rural and semi-urban areas. […]

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M2P Fintech raises $35M in Series C round

m2p fintech funding

M2P FINTECH, an API infrastructure startup, announced that it has raised $35 million in a Series C round led by Tiger Global Management. Existing investors BEENEXT, Flourish Ventures, Omidyar Network India, 8i Ventures, Better Capital, and the DMI Group via its investment vehicle Sparkle Fund also participated in the round. The Chennai-headquartered startup plans to […]

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EarnWealth raises $500K in Pre Series A

earnwealth funding

EarnWealth, a social commerce fintech startup, announced that it has raised Rs 3.5 crore in equity in a Pre Series A round led by a few Pune-based angels at a valuation of Rs 50 crore. Founded by Rajesh P Nair in 2014, EarnWealth creates micro-entrepreneurs, called Mahalakshmi, in financial services. Rajesh says financial products are […]

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