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Investments & Exits

PhonePe Investing $200 Mn In Building Data Centres In India: CTO Rahul Chari

World Fintech News October 20, 2022 0

The company, PhonePe, is investing $200 million in Indian data centres. Specifically, they plan to spend $150 million to build four centres in Bengaluru and Navi Mumbai, increasing their capacity to over 14 megawatts. This investment shows their commitment to the growth and development of the

Investments & Exits

Brilliant Signs for Five FS- Seed Funding Targets Accomplished

World Fintech News October 15, 2022 0

According to a recent report, Five FS, a Dubai-based financial services platform, has secured US$3.5 million in seed funding. The round was led by Zeyshare Ventures, a Romanian venture capital firm. Five FS is a platform that lets people compare offers from different financial institutions for five important financial services: loans, leasing, mortgages, deposits, and […]

Investments & Exits

Banyan Makes An Impact With A Superlative Fundraising Round

World Fintech News October 13, 2022 0

Banyan, a data network for SKUs, announced it has raised $43 million in a Series A round led by Fin Capital and M13. This brings the company’s total funding to $53 million. The Fintech startup further announced that it has secured a $60 million investment round. The round was led by FIS Impact Ventures, The […]

Insights Investments & Exits

ADQ Bets It Large On Aliph Capital’s fund

World Fintech News October 11, 2022 0

ADQ has invested $125 million in Aliph Capital’s fund. The Aliph Fund I (LP) is a private equity fund that invests in mid-sized UAE and GCC companies. Huda Al-Lawati, founder and CEO of Aliph Capital, said that digital and tech enablement levers will be important for GCC-based private equity in the region’s midmarket growth. ADQ […]

Investments & Exits

Citi Venture Leaped Into Crypto With Xalts Seed Investment

World Fintech News October 7, 2022 0

Accel, Citigroup’s 1st venture capital investing group, and Citi Ventures have made six million dollars initial capital financing for a Hong Kong-based firm, Xalts. Xalts is a digital asset management company with Ashutosh Goel, being the co-founder, a former executive at META and a trader at HSBC Holdings. This investment was the first seed investment […]

Investments & Exits

UAE-based FinTech YAP all set to Raise $20mn

World Fintech News October 6, 2022 0

In a recent development, UAE fintech start-up YAP is in discussions with investors and VCs to fund an extra $20 million, as it aims to fuel its plans for expansion in South Asia and Africa. The idea is to raise an extra $20 mn after completion of Series A round before the year ends, observed […]

Investments & Exits

Fintor is all set to welcome new investors by raising $9m

World Fintech News October 6, 2022 0

Fintor, the next-generation fintech company that facilitates easy access to real estate investment, officially launched its mobile-first platform. The app will be available on both Android and iOS devices. The launch announcement follows the funding extension for the platform when the company added $6.2M in funding to collectively raise $9M. Public.com, 500 Global, Hustle

Investments & Exits

Tiger Global Set to Raise $6Billion For a New Startups Fund

World Fintech News October 6, 2022 0

With most investors steering clear of venture backing, Tiger Global is on the lookout for 6 billion USD for their new startup fund. The hedge fund giant calls the new fund Private Investment Partners Fund 16 or PIP 16. The overall scheme of things does not seem to be enjoying a promising start. The last […]

Investments & Exits

Biggest Drop in Fintech Funding in CY22

World Fintech News October 6, 2022 0

Fintech start-ups fell in recent times after a big bull run last year. The funding peaked during the fourth quarter of 2021 but started declining now. Tracxn’s report shows that the Indian fintech funding was reduced by 50% in Q1 2022 compared with Q4 2021. The trend continues with a further drop in Q2 2022 […]

Investments & Exits

Jingle Pay is the first step in MoneyGram’s expansion in the UAE

World Fintech News October 5, 2022 0

MoneyGram has grown its operations and teamed with Jingle Pay, a financial mega app based in the UAE, by purchasing a 12% investment in it. The main aim of this partnership is to target UAE’s vast expatriate group. Ideally, the Emirates hosts 9 million expatriates, making up 89 per cent of the total population. This […]