Mumbai-based fintech startup GetVantage on Tuesday (January 21) announced that it has raised seed funding to come out of stealth mode. The investment has come in from early-stage investors such as Samyakth Capital and Venture Catalysts. The company didn’t confirm the funding amount, however, sources indicated that it has raised USD 8 Mn-USD 10 Mn in cash and debt round.
Catalyst Fund Bags USD 15 Mn To Invest In 30 Startups From Kenya, India
American multinational investment bank JP Morgan and UK’s Department for International Development (DFID) have committed USD 15 Mn to fintech accelerator Catalyst Fund to back 30 startups across the globe.
Flourish Ventures To Continue Its Investment Spree In India’s Fintech Space
Impressed with the growth of India’s fintech space, Tilman Ehrbeck, managing partner at Flourish Ventures, said that the venture capital firm is looking to invest in sectors such as neo-banking, gig economy, embedded finance and insure-tech.
Sachin Bansal Commits Up To USD 450 Mn For Navi To Fulfil Digital Banking Vision
Flipkart co-founder Sachin Bansal seems to be putting everything at stake for the success of his new venture Navi Technologies. According to media reports, he is likely to invest all the proceeds from the sale of his stake in Flipkart into the financial services company.