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Delhi-based fintech startup Affordplan raises Series B round
Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, has raised fresh capital in its Series B round from a clutch of investors.
- Region
- South Asia
- Tags
- fintech, startups, venture capital
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Omidyar Network Led $2.8 Mn Seed Funding Round In Fintech Startup Kaleidofin
Chennai-based fintech startup Kaleidofin has raised over $2.8 Mn in seed funding from Omidyar Network. Blume Ventures and individual investors – including Israeli serial entrepreneur and inventor, Professor Shlomo Ben-Haim – have also participated in the round. This is Professor Ben-Haim’s first investment in India.
- Categories
- Finance
- Region
- South Asia
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IFC and VCs Want To Take Emerging Market Microfinance To Mobile
The developing world needs more fintech companies to extend financial inclusion to consumers and small businesses who aren't being served by existing banks. That's the thinking behind several venture capital firms which are working with the International Finance Corporation (IFC).
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Why Women are Key to the Next Wave of Impact Investing
Why aren't more women and minorities represented in angel and venture capital investing? It’s a vexing question Alicia Robb is addressing.
- Categories
- Investing
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Impact investor Quona Capital plans to raise $150-200 million Fund III
While fintech remains the broader theme for Quona going forward, the company plans to broadbase its investment portfolio across sectors that can leverage fintech to deliver everyday needs in areas such as education, healthcare and insurance and small business.
- Region
- South Asia
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Omidyar Network Spins Out New $100 Million Venture Fund Called Spero Ventures
Called Spero Ventures, the fund counts Omidyar as its sole limited partner and will include 13 for-profit investments made by Mahesh and her colleagues while they were part of Omidyar Network. Mahesh and her fellow partner Rob Veres, as well as employees Ha Nguyen, Sara Eshelman and Christina Li have already made two investments on their own, in Fathom and Markov.
- Categories
- Investing
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“Impact” versus “returns-driven” investing in Africa
2017 was the best year on record for African tech startups in funding terms, with 159 companies from across the continent securing a combined total of US$195 million.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Press release: Global Venture Capital Investment in Fintech Industry Set Record in 2017, Driven by Surge In India, US and UK, Accenture Analysis Finds
Fintech financing rose 18 percent in 2017, to US$27.4 billion, with the value of deals in the U.S. jumping 31 percent, to $11.3 billion. Deal values almost quadrupled in the U.K., to US$3.4 billion, and soared nearly fivefold in India, to US$2.4 billion. The number of fintech deals also rose sharply, from just over 1,800 in 2016 to nearly 2,700 in 2017, underscoring continued appetite from investors scouring the globe for innovation in insurance, banking and capital markets startups.
- Tags
- fintech, venture capital
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