Private Equity Round in 2023
PhonePe is a mobile payments application that facilitates instant money transfers between users through their mobile numbers. By utilizing the Unified Payments Interface (UPI) and a digital wallet, PhonePe aims to simplify digital transactions, making them easy, secure, and widely accepted. The company’s vision is to eliminate the need for cash and cards by providing a seamless payment experience for both consumers and businesses. Through its innovative platform, PhonePe is transforming the way people engage in commerce, enhancing convenience in everyday transactions.
Zippi Soluções de Crédito Ltda is a digital platform based in São Paulo, Brazil, that specializes in providing financial services for gig workers, particularly drivers for ride-sharing applications such as Uber, 99, and Cabify. The platform offers personal loans tailored to the needs of self-employed individuals, allowing them to manage their finances more effectively. By providing weekly invoices and facilitating payments through a user-friendly application, Zippi aims to support its clients in focusing on their business growth without incurring annual fees. This approach positions Zippi as a valuable resource for the growing gig economy in Latin America.
Developer of gold savings software intended to help users invest in digital gold. The company's platform helps to save money by taking spare change from online transactions and investing it in digital gold automatically which can be redeemed anytime, enabling users to create a habit of daily savings as investments in digital gold, which can be redeemed or withdrawn easily through UPI.
slice (prev SlicePay) is a Fintech startup focused on Young India. They are building a transparent and less time-consuming financial platform to enhance the life experience for young Indians. Their first product is slice card that provides seamless credit payments, high-quality mobile experience & customer service
Ondo Finance is a developer of a cryptocurrency trading platform that aims to make decentralized finance (DeFi) accessible to a broad audience. The platform offers users the option to choose between downside protection and enhanced returns, catering to individuals with varying risk tolerances. By providing these choices, Ondo Finance enables users to effectively access DeFi yields while managing their investment risks.
Money View is a financial management application founded in April 2014 by Sanjay Aggarwal and based in Bangalore, Karnataka. The app enables users to track and organize their expenses, bills, and account balances by extracting financial information from SMS messages. It provides features such as budget setting, bill reminders, and the ability to split bills among users. Additionally, Money View offers services like Savings+ and TaxSaver+ to help users save money. The platform also facilitates personal loan services, allowing users to check eligibility, gain real-time visibility of their finances, and access low-interest loans through a paperless process, all while promoting effective expense management.
Mono is a digital bank designed specifically for startups and small to medium-sized businesses in Latin America, beginning its operations in Colombia. The company aims to empower these businesses by addressing key challenges they face in managing finances. Mono's platform enables users to open a digital checking account quickly, make online payments using a debit card, and integrate seamlessly with various software-as-a-service applications. This approach allows businesses to efficiently manage their expenses and streamline their financial operations, ultimately facilitating growth and enhancing financial control.
Developer of gold savings software intended to help users invest in digital gold. The company's platform helps to save money by taking spare change from online transactions and investing it in digital gold automatically which can be redeemed anytime, enabling users to create a habit of daily savings as investments in digital gold, which can be redeemed or withdrawn easily through UPI.
Mos is a financial services platform designed to simplify the process of accessing government aid and financial assistance for students. Initially focused on college financial aid, Mos has streamlined the application process, allowing users to apply for a significant portion of the available government aid through a single application. The platform provides comprehensive guidance and research on financial sources, helping students navigate the complexities of financial aid and remove barriers to accessing funds. By prioritizing user experience, Mos enables individuals to understand and claim their rights and benefits more effectively.
Spendesk SAS, founded in 2016 and based in Paris, France, offers an all-in-one spend management platform tailored for small and medium-sized businesses. The platform provides a range of financial tools, including Mastercard cards for both online and offline expenses, such as single-use virtual cards, plastic cards for in-store purchases, and capped virtual cards for subscriptions. It features a centralized dashboard that allows finance teams to track spending in real-time, manage budgets, and automate invoice reminders, thereby enhancing visibility and control over corporate expenses. Employees benefit from a streamlined experience for expense and invoice management through the Spendesk website and app, which simplifies the approval process and automates receipt capture. By integrating various financial operations, Spendesk aims to reduce the administrative burden associated with managing corporate finances, allowing businesses to focus on their core activities.
Indmoney is a mobile application that provides a comprehensive wealth management and advisory platform aimed at helping users invest, save, and plan for their financial future. The app offers features such as investment planning, tax analytics, and strategies for tax savings, along with tools for managing future cash flows and liabilities. Users can invest in various financial instruments, including Indian stocks, mutual funds, US stocks, national pension schemes, and fixed deposits. Indmoney also includes a digital banking feature called the Super Saver account, allowing customers to manage their personal finances more effectively. The platform leverages artificial intelligence and machine learning to provide personalized recommendations and facilitate family member account management, ultimately assisting users in maximizing their portfolio gains.
Swipe allows small businesses to access finance by providing them with credit using its business credit card to help cover payroll and expenses.
Indmoney is a mobile application that provides a comprehensive wealth management and advisory platform aimed at helping users invest, save, and plan for their financial future. The app offers features such as investment planning, tax analytics, and strategies for tax savings, along with tools for managing future cash flows and liabilities. Users can invest in various financial instruments, including Indian stocks, mutual funds, US stocks, national pension schemes, and fixed deposits. Indmoney also includes a digital banking feature called the Super Saver account, allowing customers to manage their personal finances more effectively. The platform leverages artificial intelligence and machine learning to provide personalized recommendations and facilitate family member account management, ultimately assisting users in maximizing their portfolio gains.
Accrue Savings is an online savings platform designed to assist customers in planning and saving for future purchases. The platform offers merchant-embedded savings accounts that allow users to set aside money for specific items while earning cash rewards. This approach not only encourages responsible saving but also enhances the shopping experience by providing incentives directly linked to customer savings goals. By collaborating with various brands, Accrue Savings enables shoppers to receive cash rewards as they work towards their desired purchases, promoting a more strategic approach to managing everyday expenses.
Refyne partners with organisations to extend on-demand Earned Wage Access (EWA) to their employees. We believe employers play a crucial role in their staff’s financial literacy plan, and providing employees access to their real-time earned salary promotes a stress-free and productive workforce. Refyne’s one-stop platform enables your employee base to build financial resilience and nurture a favourable work culture. With our plug and play technology, employees can see and withdraw their earned salary instead of opting exploitative payday loans or other high-interest credit schemes.
Dave Inc. is a financial services company based in Los Angeles, California, founded in 2015. The company has developed a mobile application designed to assist users in managing their finances by providing insights into bank overdrafts and predicting expenses. The app enables users to avoid overdraft fees and low balances by offering features such as paycheck advances, budgeting tools, and resources for finding side gigs. With a focus on helping users maintain financial stability, Dave serves approximately 7 million Americans by providing essential tools for budgeting and credit building. The application is accessible on both the App Store and Google Play, positioning Dave as a key player in the challenger bank space.
Spenmo is an expense management platform that assists businesses in overseeing their spending. It provides tools for tracking company cards, automating invoice payments, and managing digital ledgers for transactions. The platform integrates various features such as internal spend management, corporate cards, automated bill payments, and approval workflows, allowing companies to streamline their accounting processes. By offering a comprehensive view of expenses, Spenmo enables organizations to decentralize spending, digitize operations, and significantly reduce the time dedicated to financial management tasks.
Jupiter, operated by Amica Financial Technologies Private Limited, is a digital retail bank based in Mumbai, India, focused on providing a co-created banking experience tailored specifically for millennials. Established in 2019, Jupiter offers a range of services including automated savings, loans, debit cards, and 24/7 customer support. The platform also provides users with insights into their spending habits and financial growth, enhancing their understanding of personal finance. In addition to these banking services, Jupiter engages in various consultancy activities, including legal, accounting, and market research, positioning itself as a comprehensive financial service provider.
Developer of a financial management platform designed to serve micro, small, and medium enterprises. The company's software allows customers to track pending payments, receive payment reminders, and keep a record of all transactions, enabling clients to have greater efficiency and transparency in decision-making.
slice (prev SlicePay) is a Fintech startup focused on Young India. They are building a transparent and less time-consuming financial platform to enhance the life experience for young Indians. Their first product is slice card that provides seamless credit payments, high-quality mobile experience & customer service
All-in-one corporate card spend management solution that saves you time and helps you stay in budget
Cora is a digital bank based in São Paulo, Brazil, focused on providing financial services to self-employed individuals and small to medium-sized enterprises (SMEs). Currently operating in closed beta, the company plans to launch a free mobile account specifically for SMEs, with future offerings including a range of payment solutions, credit products, and financial management tools. Cora aims to simplify the financial management process for its clients by offering a customer-centric platform that addresses the unique needs of small businesses, helping them navigate the complexities of day-to-day finance while reducing bureaucracy and repetitive tasks. Founded by Igor Senra Magalhães and Leonardo Soares Barbosa Mendes, Cora is dedicated to empowering entrepreneurs through accessible financial solutions.
PhonePe is a mobile payments application that facilitates instant money transfers between users through their mobile numbers. By utilizing the Unified Payments Interface (UPI) and a digital wallet, PhonePe aims to simplify digital transactions, making them easy, secure, and widely accepted. The company’s vision is to eliminate the need for cash and cards by providing a seamless payment experience for both consumers and businesses. Through its innovative platform, PhonePe is transforming the way people engage in commerce, enhancing convenience in everyday transactions.
Chime is a fintech company established in 2013 by Chris Britt and Ryan King, aimed at providing a modern approach to banking that empowers its members to manage their finances effectively. The company offers a suite of services, including a Chime debit card, Spending Account, and Savings Account, all accessible through a user-friendly mobile app available on both iPhone and Android devices. Chime focuses on helping its members avoid bank fees, save money automatically, and enhance their financial well-being. Key features of the platform include fee-free overdrafts, early access to paychecks, and tools designed to improve credit scores, all of which promote greater financial control and flexibility. Chime has gained recognition for its innovative solutions in the personal finance space, positioning itself as a leader in digital banking.
Chime is a fintech company established in 2013 by Chris Britt and Ryan King, aimed at providing a modern approach to banking that empowers its members to manage their finances effectively. The company offers a suite of services, including a Chime debit card, Spending Account, and Savings Account, all accessible through a user-friendly mobile app available on both iPhone and Android devices. Chime focuses on helping its members avoid bank fees, save money automatically, and enhance their financial well-being. Key features of the platform include fee-free overdrafts, early access to paychecks, and tools designed to improve credit scores, all of which promote greater financial control and flexibility. Chime has gained recognition for its innovative solutions in the personal finance space, positioning itself as a leader in digital banking.
FairMoney is a mobile banking platform that provides credit solutions to private and business borrowers by leveraging smartphone data to create instant credit scores. Founded in 2017 and headquartered in Paris, France, the company operates with a team of 45 professionals across Paris and Lagos, Nigeria. FairMoney has successfully disbursed over 350,000 loans, aiming to expand financial access for millions in Africa and South-East Asia. The company is supported by a range of European and American investors, emphasizing its commitment to innovation and growth in the microfinance sector.
Current is a leading U.S. challenger bank built to meet the needs of people with unique lives who have been overlooked by the traditional banking industry. Our proprietary Current Core technology allows us to provide premium banking services for everyone, regardless of age or income, and improve the financial outcomes of our members without overdraft fees, minimum balance requirements, or hidden fees. We give members up to two days faster direct deposit paychecks, free overdrafts up to $100 with Overdrive™ , points on purchases redeemable for cash back, access to 55,000 free ATMs worldwide as well as 24/7 member support 365 days a year.
Current is a leading U.S. challenger bank built to meet the needs of people with unique lives who have been overlooked by the traditional banking industry. Our proprietary Current Core technology allows us to provide premium banking services for everyone, regardless of age or income, and improve the financial outcomes of our members without overdraft fees, minimum balance requirements, or hidden fees. We give members up to two days faster direct deposit paychecks, free overdrafts up to $100 with Overdrive™ , points on purchases redeemable for cash back, access to 55,000 free ATMs worldwide as well as 24/7 member support 365 days a year.
Chime is a fintech company established in 2013 by Chris Britt and Ryan King, aimed at providing a modern approach to banking that empowers its members to manage their finances effectively. The company offers a suite of services, including a Chime debit card, Spending Account, and Savings Account, all accessible through a user-friendly mobile app available on both iPhone and Android devices. Chime focuses on helping its members avoid bank fees, save money automatically, and enhance their financial well-being. Key features of the platform include fee-free overdrafts, early access to paychecks, and tools designed to improve credit scores, all of which promote greater financial control and flexibility. Chime has gained recognition for its innovative solutions in the personal finance space, positioning itself as a leader in digital banking.
PT Payfazz Teknologi Nusantara operates an online payment wallet that provides a range of financial services in Indonesia, targeting individuals who may not have access to traditional banking. Founded in 2016 and based in Jakarta, the company offers solutions for utilities, money transfers, e-commerce, and retail transactions. Its agency-based platform enables users to conduct secure financial activities, including bill payments and money management, through a network of bank agents. PAYFAZZ partners with various financial institutions and service providers to enhance its offerings and ensure security through advanced measures like GeoTrust SSL. The company aims to facilitate digital financial services and improve accessibility for unbanked populations, contributing to the broader financial inclusion and digital transformation in Southeast Asia.
Fazz Financial is a digital financial services group.
Indmoney is a mobile application that provides a comprehensive wealth management and advisory platform aimed at helping users invest, save, and plan for their financial future. The app offers features such as investment planning, tax analytics, and strategies for tax savings, along with tools for managing future cash flows and liabilities. Users can invest in various financial instruments, including Indian stocks, mutual funds, US stocks, national pension schemes, and fixed deposits. Indmoney also includes a digital banking feature called the Super Saver account, allowing customers to manage their personal finances more effectively. The platform leverages artificial intelligence and machine learning to provide personalized recommendations and facilitate family member account management, ultimately assisting users in maximizing their portfolio gains.
Indmoney is a mobile application that provides a comprehensive wealth management and advisory platform aimed at helping users invest, save, and plan for their financial future. The app offers features such as investment planning, tax analytics, and strategies for tax savings, along with tools for managing future cash flows and liabilities. Users can invest in various financial instruments, including Indian stocks, mutual funds, US stocks, national pension schemes, and fixed deposits. Indmoney also includes a digital banking feature called the Super Saver account, allowing customers to manage their personal finances more effectively. The platform leverages artificial intelligence and machine learning to provide personalized recommendations and facilitate family member account management, ultimately assisting users in maximizing their portfolio gains.
Indmoney is a mobile application that provides a comprehensive wealth management and advisory platform aimed at helping users invest, save, and plan for their financial future. The app offers features such as investment planning, tax analytics, and strategies for tax savings, along with tools for managing future cash flows and liabilities. Users can invest in various financial instruments, including Indian stocks, mutual funds, US stocks, national pension schemes, and fixed deposits. Indmoney also includes a digital banking feature called the Super Saver account, allowing customers to manage their personal finances more effectively. The platform leverages artificial intelligence and machine learning to provide personalized recommendations and facilitate family member account management, ultimately assisting users in maximizing their portfolio gains.
Indmoney is a mobile application that provides a comprehensive wealth management and advisory platform aimed at helping users invest, save, and plan for their financial future. The app offers features such as investment planning, tax analytics, and strategies for tax savings, along with tools for managing future cash flows and liabilities. Users can invest in various financial instruments, including Indian stocks, mutual funds, US stocks, national pension schemes, and fixed deposits. Indmoney also includes a digital banking feature called the Super Saver account, allowing customers to manage their personal finances more effectively. The platform leverages artificial intelligence and machine learning to provide personalized recommendations and facilitate family member account management, ultimately assisting users in maximizing their portfolio gains.
PT Payfazz Teknologi Nusantara operates an online payment wallet that provides a range of financial services in Indonesia, targeting individuals who may not have access to traditional banking. Founded in 2016 and based in Jakarta, the company offers solutions for utilities, money transfers, e-commerce, and retail transactions. Its agency-based platform enables users to conduct secure financial activities, including bill payments and money management, through a network of bank agents. PAYFAZZ partners with various financial institutions and service providers to enhance its offerings and ensure security through advanced measures like GeoTrust SSL. The company aims to facilitate digital financial services and improve accessibility for unbanked populations, contributing to the broader financial inclusion and digital transformation in Southeast Asia.
Fazz Financial is a digital financial services group.
Wealthfront Inc. is a privately owned investment manager based in Redwood City, California, primarily serving individual clients, including high net worth individuals and charitable organizations. Established in December 2011 by Andy Rachleff and Dan Carroll, the firm manages over $20 billion in client assets. Wealthfront offers a comprehensive range of services, including automated investment management, financial planning, and a cash account with competitive annual percentage yields. The company utilizes a software-based platform that enables clients to access investment strategies and receive financial advice through a mobile application, making it particularly appealing to young professionals and families. Wealthfront conducts in-house research and invests in public equity, fixed income, mutual funds, and exchange-traded funds.
Money View is a financial management application founded in April 2014 by Sanjay Aggarwal and based in Bangalore, Karnataka. The app enables users to track and organize their expenses, bills, and account balances by extracting financial information from SMS messages. It provides features such as budget setting, bill reminders, and the ability to split bills among users. Additionally, Money View offers services like Savings+ and TaxSaver+ to help users save money. The platform also facilitates personal loan services, allowing users to check eligibility, gain real-time visibility of their finances, and access low-interest loans through a paperless process, all while promoting effective expense management.
Avant, LLC is an online marketplace lending platform that provides consumers access to personal loans for various purposes, including debt consolidation, medical expenses, and vacations. Founded in 2012 and headquartered in Chicago, Illinois, with additional offices in Los Angeles and London, the company collaborates with banks and financial institutions to enhance its offerings. Utilizing big data and machine-learning algorithms, Avant delivers a tailored approach to streamline credit options for its users. In addition to serving individual consumers in the United States and the United Kingdom, Avant operates an institutional marketplace that allows investors to purchase loans generated through its technology platform. The company also focuses on risk and fraud verification, credit policy adherence, and analytics to support its lending processes.
Credit Karma is a personal finance company founded in 2007 and headquartered in San Francisco, California. It aims to assist individuals in making informed financial decisions by providing free access to credit reports and personalized financial advisory services. With a membership base exceeding 100 million, Credit Karma offers various tools and recommendations that help users secure better loan deals, save money, and monitor their credit status. The company's mission is to empower people to understand their finances and enhance their financial well-being.
Money View is a financial management application founded in April 2014 by Sanjay Aggarwal and based in Bangalore, Karnataka. The app enables users to track and organize their expenses, bills, and account balances by extracting financial information from SMS messages. It provides features such as budget setting, bill reminders, and the ability to split bills among users. Additionally, Money View offers services like Savings+ and TaxSaver+ to help users save money. The platform also facilitates personal loan services, allowing users to check eligibility, gain real-time visibility of their finances, and access low-interest loans through a paperless process, all while promoting effective expense management.
Avant, LLC is an online marketplace lending platform that provides consumers access to personal loans for various purposes, including debt consolidation, medical expenses, and vacations. Founded in 2012 and headquartered in Chicago, Illinois, with additional offices in Los Angeles and London, the company collaborates with banks and financial institutions to enhance its offerings. Utilizing big data and machine-learning algorithms, Avant delivers a tailored approach to streamline credit options for its users. In addition to serving individual consumers in the United States and the United Kingdom, Avant operates an institutional marketplace that allows investors to purchase loans generated through its technology platform. The company also focuses on risk and fraud verification, credit policy adherence, and analytics to support its lending processes.
Credit Karma is a personal finance company founded in 2007 and headquartered in San Francisco, California. It aims to assist individuals in making informed financial decisions by providing free access to credit reports and personalized financial advisory services. With a membership base exceeding 100 million, Credit Karma offers various tools and recommendations that help users secure better loan deals, save money, and monitor their credit status. The company's mission is to empower people to understand their finances and enhance their financial well-being.
Avant, LLC is an online marketplace lending platform that provides consumers access to personal loans for various purposes, including debt consolidation, medical expenses, and vacations. Founded in 2012 and headquartered in Chicago, Illinois, with additional offices in Los Angeles and London, the company collaborates with banks and financial institutions to enhance its offerings. Utilizing big data and machine-learning algorithms, Avant delivers a tailored approach to streamline credit options for its users. In addition to serving individual consumers in the United States and the United Kingdom, Avant operates an institutional marketplace that allows investors to purchase loans generated through its technology platform. The company also focuses on risk and fraud verification, credit policy adherence, and analytics to support its lending processes.
Credit Karma is a personal finance company founded in 2007 and headquartered in San Francisco, California. It aims to assist individuals in making informed financial decisions by providing free access to credit reports and personalized financial advisory services. With a membership base exceeding 100 million, Credit Karma offers various tools and recommendations that help users secure better loan deals, save money, and monitor their credit status. The company's mission is to empower people to understand their finances and enhance their financial well-being.