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Agritech Innovator Arya.ag Secures $30M Debt Facility from HSBC, Backed by GuarantCo
Arya.ag, an agritech and lending platform, has secured a $30 million debt facility in partnership with HSBC and GuarantCo, marking GuarantCo’s first transaction in India’s agritech sector. The funding will help Arya.ag address agricultural challenges like inadequate storage and delayed financing by providing storage solutions close to farms, thus reducing post-harvest losses. Farmers can access loans within 30 minutes of depositing their produce. Co-founder Prasanna Rao emphasized that this partnership will enhance services, helping farmers avoid distress sales and achieve better returns. This collaboration is expected to significantly impact India’s agricultural landscape.
Zolve Neobank Raises $51M in Equity and $200M in Debt for US and Canada Expansion
Zolve, a neobank focused on financial services for global citizens relocating to the US, has raised $51 million in equity and $200 million in debt funding to expand its operations. The Series B round, led by Creaegis, included investments from HSBC, SBI, and others. Founded in 2021, Zolve offers credit cards, bank accounts, and uses international credit data to aid expats. With plans to enter Canada by August and expand to the UK and Australia by 2026, Zolve aims to address challenges faced by cross-border financial institutions, enhancing financial inclusion for skilled professionals.
Knocknoc Secures Seed Funding to Propel Next-Gen Network Security Innovation
Knocknoc, a Sydney-based cybersecurity software company, has successfully completed a seed funding round led by US venture capital firm Decibel Partners, with support from CoAct and SomethingReal. The funding will enhance Knocknoc’s market presence by focusing on go-to-market strategies, staffing expansions, customer onboarding, and product development. The company specializes in optimizing network infrastructure to minimize risks by integrating user access with Single Sign-On authentication. Knocknoc has also appointed Adam Pointon as CEO and Patrick Gray to its board. This funding is viewed as a pivotal moment for the company, setting the stage for future growth and innovation.
Trump Launches US Crypto Reserve Assets: Markets Soar in Response!
President Trump has announced plans for a US Crypto Strategic Reserve, which will include five key digital assets: Bitcoin, Ethereum, XRP, Solana, and Cardano. This shift in cryptocurrency policy has led to significant market gains, with Bitcoin rising 8% to $90,828 and Ethereum increasing 8.3% to $2,409. Trump’s statement emphasizes his goal to position the US as the “Crypto Capital of the World.” Upcoming events include the White House Crypto Summit on March 7. However, questions remain about the reserve’s operational structure and funding, particularly regarding potential Congressional involvement or Treasury management.
Luma Raises $63 Million in Series C Funding to Propel Innovative Growth
Luma Financial Technologies, based in Cincinnati, has raised US$63 million in a Series C funding round led by Sixth Street Growth, with participation from major investors like Bank of America and Morgan Stanley. This funding will support market expansion, product development, and enhanced client services. CEO Tim Bonacci highlighted the investment as a vote of confidence in Luma’s value and foundational strength. As demand for alternative investments grows, Luma aims to improve access to investment opportunities and deliver adviser-focused solutions. Broadhaven advised Luma in this transaction, reinforcing its strategic initiatives in the financial sector.
