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InsuranceDekho Raises $70M in Funding as Beams Fintech Fund Boosts Investment Commitment
Beams Fintech Fund has announced a $70 million funding round for its portfolio company, InsuranceDekho, co-led by Mitsubishi UFJ Financial Group and BNP Paribas Cardif. Founded in 2017, InsuranceDekho is revolutionizing insurance distribution in India with AI-driven technology, serving over 10.2 million customers and offering more than 720 insurance products. The firm has partnered with 220,000 distributors and 49 insurance providers, issuing 21 new policies every minute. Beams Fintech Fund’s founder, Sagar Agarvwal, expressed confidence in InsuranceDekho’s growth, while CEO Ankit Agrawal highlighted the funding’s potential to enhance their technology and expand their reach in the market.
Creditspring Partners with Doshi to Enhance Financial Literacy for UK Borrowers
Creditspring, a FCA-regulated lender, is enhancing financial literacy in the UK through a partnership with Doshi, a financial education platform. This collaboration introduces gamified learning experiences into Creditspring’s Learning Academy, aiming to boost users’ financial confidence and informed decision-making. Creditspring offers a subscription-based model for no-interest loans, promoting transparency and debt prevention. Since launching in March, the initiative has seen over 11,000 lessons completed in five days, with more than 10,000 members engaged. The partnership addresses a critical financial literacy gap, highlighting the urgent need for structured education to empower borrowers in managing credit and finances effectively.
Napier AI Raises Funds to Revolutionize AI-Driven Compliance Solutions
Napier AI has secured a significant investment from Marlin Equity Partners, a global firm managing over $9 billion, aimed at boosting its market reach and enhancing research and development. Founded in 2015 in London, Napier AI specializes in compliance-driven AI technology, with its platform Continuum already used by over 100 institutions, including HSBC. The funding will support the development of advanced AI technologies for detecting financial crimes, emphasizing anti-money laundering and counter-terrorist financing. The partnership is seen as pivotal for Napier AI’s growth and ambition to lead in the global anti-financial crime market, addressing evolving regulatory challenges.
UAE FinTech Pluto Raises $4.1M Pre-Series A to Accelerate Expansion in Saudi Arabia
Pluto, a UAE-based corporate card and expense management platform, has raised $4.1 million in a pre-Series A funding round, following its achievement of over AED 1 billion in managed expenditures. The funding, supported by investors like Rhino Ventures and Born Capital, will help Pluto expand its financial management solutions, which include AI-powered corporate cards and budget tracking, into markets like Saudi Arabia and Turkey. CEO Mohammed Aziz emphasized the evolving expectations of SMEs for value-added services from financial institutions, positioning Pluto to provide enhanced solutions in the corporate finance landscape.
SatoshiPay Secures €850k Funding to Globalize Vortex Blockchain Payment Solutions
SatoshiPay has successfully raised €850k to accelerate the growth of its innovative payment solution, Vortex, aimed at revolutionizing global transactions by linking stablecoins with local fiat currencies. Built on the Pendulum network, Vortex streamlines decentralized foreign exchange, reducing costs while integrating traditional financial systems with blockchain technology. The funding attracted notable investors like Danny Masters and received a grant from the Web3 Foundation. The funds will support Vortex’s rollout in markets such as Europe, Argentina, and Brazil, and facilitate further blockchain integrations. Vortex is positioned to enhance payment efficiency and redefine the digital economy’s landscape.
German FinTech Tapline Secures €20M to Revolutionize Subscription Services
German FinTech firm Tapline has successfully raised €20 million in a pre-Series A funding round to enhance its services for SaaS and subscription-based businesses. The round includes equity and debt financing, led by Karim Beshara from A15 Venture Capital and supported by Antler and various business angels, with WinYield providing debt support. Tapline specializes in non-dilutive financing, leveraging AI technology to assist early-stage companies. The funds will address liquidity challenges, improve analytics, and enable geographic expansion beyond Germany, Estonia, the Czech Republic, and Poland. CEO Dean Hastie emphasized the potential for sustainable growth among their clients.