PayPal Ventures on LinkedIn: PPRO announces €85 million funding to fuel growth (2024)

Following the $2 million investment obtained in the previous pre-seed round, Fimple has now secured an additional $3.5 million investment in the Bridge Investment tour, adding a new angel investor to its list. Led by Apy Ventures, the tour saw participation from KT Portfolio, Tera Portfolio, and angel investors. This total investment of $5.5 million aims to strengthen Fimple’s position as a leader in the finance industry by supporting the company’s expansion and innovation goals.Read more: https://lnkd.in/dCnj6q9UAbdurrahman CinarMucahit Gundebahar, PhD#funding #fundrasing #finance #fintech #FinancialIT

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CRED Takes on Wealth Management with Kuvera Acquisition: A Strategic Power Play?Fintech unicorn CRED recently made waves with its acquisition of Kuvera, a prominent online wealth management platform. This move signals CRED's expansion into a lucrative new space and raises interesting questions about the future of both companies.Let's dive deeper:1. CRED: From Rewards to Riches?Founded in 2018, CRED quickly established itself as a leading payment app. Yet, despite its impressive growth, the company grapples with widening losses. Entering the wealth management realm through Kuvera could diversify its offerings and unlock new revenue streams.2. Kuvera: Potential Untapped?With a sizeable user base and ₹50,000 crore in assets under advice, Kuvera boasts impressive numbers. However, only a fraction is actively invested through their platform, presenting a significant growth opportunity.3. Synergies & Challenges:CRED aims to leverage Kuvera's expertise in investment advisory, goal planning, and taxation to offer holistic financial solutions. Cross-selling opportunities within their combined user base further sweeten the deal. However, challenges around fee structures and integrating diverse platforms remain.4. The Bigger Picture:This acquisition reflects the evolving fintech landscape, where collaboration and innovation are key. With an eye on long-term value creation, CRED bets on Kuvera's potential to empower users and fuel its own growth.What are your thoughts on this strategic move? Will CRED successfully navigate the wealth management space? Share your insights in the comments below!#fintech#wealthmanagement#acquisition#CRED#Kuvera#investment#finance#india#bestfinancenewsindia#businessnewsarticlesindia #latestfundingnewsinindia #financialnewsthisweekindiaCREDKuvera.inMohit KaushikSanju Goyat CA Rishu Bansal HelloCFO

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Angel One began its digital journey in 2019. “We were ready to embrace that change and be cognizant of it culturally. The focus was how do we bring technology and products to the forefront of execution to drive business,” says Prateek Mehta, chief business officer, Angel One, in a conversation with Enterprise Story. This shift has paid rich dividends for Angel One: its client base has increased from 1.8 million in FY19-20 to 13.8 million inFY22-23.Prateek Mehta, our Chief Business Officer, talks about the #BoldMoves made by Angel One asa robust fintech productand how customer centricity sits at the heart of everything we do. Read more at:https://lnkd.in/g6dxu9DR#story #digital #broking #fintech #BoldMovesAhead

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I am excited to announce that Vestwell has been named to the Forbes Fintech 50 list! This prestigious award recognizes the top fintech companies that have continued to innovate, grow, and adapt despite the challenges of the past year. Vestwell is committed to closing the savings gap by expanding access to savings for all. Our continuous innovation and growth in the savings industry have made this recognition possible. We extend our heartfelt thanks to the Vestwell team, partners, investors, and clients for their unwavering support in making this achievement a reality. Check out the Forbes article to learn more about the future of investing and the other innovative companies on the list. #Fintech50 #fintech

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Breaking Records and Building the Future -- Our Journey Continues!We are thrilled to share that MoneyHero Group(NASDAQ: MNY) today preannounced record-breaking YOY growth. 📄Approved Applications⬆️over 80% YoY💸Group revenue⬆️over 50% YoY📈Singapore revenue⬆️over 100% YoY These metrics are more than just numbers; they serve as a testament to our commitment to innovation and our ability to adapt in a rapidly-changing marketplace. Also, please join us in congratulating Rohith Murthy, our Chief Product Officer, on his well-deserved promotion to Chief Business Officer!👏Our #CEO, Prashant Aggarwal, had this to say: "With Rohith’s promotion and the new capital raised through our #Nasdaq listing last quarter, we are now poised to further surpass our competitors and build sustained #marketshare through both organic and strategic M&A opportunities."We're not stopping here—in 2024, we're accelerating our recruiting efforts to build a special team that shares our vision for the future of APAC’s #digitaleconomy. For more information about #MoneyHero and career opportunities, visitwww.MoneyHeroGroup.com.Stay tuned for more exciting updates as we continue to grow and innovate!#AsiaFintech #Fintech #ConsumerFinance #EmergingMarkets #PersonalFinancehttps://lnkd.in/eYDVpJpW

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Thrilled to be announcing the close of our latest seed round and welcoming our new investors! These new investors bring an abundance of industry experience and we're looking forward to this next stage of growth with their support.Read the full press release here:https://lnkd.in/gcqW7s_F#fintech #cdntech #funding

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Splitit partners with Motive for a transformative $50m growth investmentSplitit, an innovative white-label, fully-embedded payments technology that lets customers pay in installments using their existing cards, has successfully secured the first $25m of a substantial $50m growth commitment from funds advised by Motive Partners.Read the story here: https://loom.ly/e5COaQY#FinTech #Payments #Funding

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Deal Lite just shared the five biggest deals of the last month. Deal sizes are significantly smaller than in the past, especially compared to 2021 and 2022. Those days Fintechs attracted so much investment. Sadly quite a number of them are now gone bust. https://lnkd.in/eMA_kFw4#DealLite #UKTechInvestment #LargestDeals #Investments

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