FoundersToday’s Post

🚀 Exciting News from Fintech Industry Examiner! 🌐 We're thrilled to announce that NayaOne, a leading force in the fintech space, has successfully raised $4.7 million to further bridge the gap between banks and fintech innovations. This monumental funding round, led by EJF Capital, with significant contributions from Valley Ventures and Carthona Capital, underscores the industry's confidence in NayaOne's vision and its Sandbox-as-a-Service platform. This platform empowers financial institutions to seamlessly explore, test, and deploy cutting-edge technologies, accelerating digital transformation across the sector. NayaOne's CEO, Karan Jain, and the entire team are dedicated to driving innovation, fostering collaboration, and shaping the future of financial services. This investment is not just a win for NayaOne but a leap forward for the entire financial ecosystem, promising a more inclusive, efficient, and customer-centric future. 🔗 Read the full story here: https://lnkd.in/dnSAbeMt A huge shoutout to EJF Capital LLC, Valley Ventures, Carthona Capital, and the visionary leadership of Karan Jain. Follow us for more updates on fintech innovations and how they're transforming the financial landscape! #FintechInnovation #NayaOne #DigitalTransformation #FinancialServices #EJFCapital #ValleyVentures #CarthonaCapital

Invest Hong Kong Unveils Global Fast Track 2024: Empowering Business Connectivity Among Fintechs, Corporates and Investors Global Head of Financial Services, Fintech and Sustainability at InvestHK, Mr King Leung, said, "The Global Fast Track has evolved into a fintech-friendly platform in the past few years. We have helped over 1,000 fintech companies from more than 50 economies to showcase their cutting-edge innovations and expedite their market entry in Hong Kong and beyond. We are thrilled to build on this success and continue to offer unparalleled access to a global network with more than 100 investor and corporate champions, mentors, and industry leaders through GFT 2024."   https://lnkd.in/en5TN5Y2 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Turkish fintech Colendi raises $65 million in a new Series B round #Colendi, a leading Turkish #fintech company, has successfully raised $65 million in its Series B funding round. This significant milestone comes after Colendi's impressive valuation at $700 million, and it positions the company for remarkable growth and expansion. Colendi has raised $65 million in a Series B funding round led by Citi Ventures, the venture capital arm of Citigroup. The round saw participation from prominent investors, including Migros Ticaret A.Ş. , Sepil Ventures, Re-Pie Asset Management Company, Finberg, and Hedef Holding. Existing investors also supported this round, demonstrating strong confidence in Colendi's vision and potential. Colendi was founded by Bulent Tekmen, who has been at the forefront of driving innovation in the fintech space. The company offers a range of services, including fraud protection, ‘financial passports,’ and credit scoring, all without retaining users' personal data. This unique approach ensures user privacy while providing essential financial services. Colendi currently serves 17 million users in Turkey and has ambitious plans to expand into other populous emerging markets, including Pakistan and Indonesia. The company aims to establish itself as a major digital banking entity across Europe, the Middle East, and Africa (EMEA), as well as the Gulf Cooperation Council (GCC) region. With the new funding, Colendi plans to establish Colendi Bank, further solidifying its presence in the digital banking sector. The company launched this new financing round in March and aims to raise more than $150 million by the end of the year. Bulent Tekmen, the CEO, expressed his optimism about achieving unicorn status with a $1 billion valuation once the round is completed. Implications and Future Prospects The article on Tech.eu in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

🦄 Trading Platform Dhan’s Parent Eyes Unicorn Tag with $100 Mn Funding. Raise Financial Services, the parent company of trading platform Dhan, is set to raise $100 million, aiming to achieve a unicorn status. This funding round is a strategic move to expand the platform’s offerings and cement its position in the fintech sector. 💰 Funding Details: - Amount Raised: Raise Financial Services is targeting $100 million. - Purpose: The funds will be dedicated to enhancing the platform's capabilities and expanding its market reach. 🔍 Background: - Company Overview: Raise Financial Services owns Dhan, a trading platform designed to provide seamless trading experiences with advanced tools and features. - Market Position: Positioned as a leading player in the fintech industry, Dhan has rapidly gained popularity among traders and investors. 🚀 Expansion Plans: - Platform Enhancement: The infusion of funds will enable significant upgrades to Dhan, improving user experience and introducing new trading tools. - Market Expansion: Raise Financial Services plans to broaden its market presence, targeting new user segments and geographic regions. 📈 Market Potential: - Fintech Growth: The fintech sector is booming, with increasing adoption of digital trading platforms driven by tech-savvy investors. - Investment Demand: There is a growing demand for accessible and efficient trading solutions, presenting vast opportunities for platforms like Dhan. 📅 Future Outlook: - Strategic Growth: With the additional capital, Raise Financial Services aims for strategic growth, focusing on innovation and market penetration. - Technological Integration: The company plans to leverage cutting-edge technology to stay competitive and offer top-notch trading services. Raise Financial Services’ initiative to raise $100 million underscores its commitment to achieving unicorn status and expanding its trading platform, Dhan. The funds will fuel the company’s growth, innovation, and market expansion efforts. #RaiseFinancialServices #Dhan #Fintech #Funding #TradingPlatform #UnicornStatus #BusinessNews #StartupNews #MicroShots #NewsUpdates

NayaOne have raised $4.7m led by EJF Capital LLC with Valley Ventures 👏 🤝 📲 FIs can now SWIFTLY foster strategic partnerships from what were once hindered slow-moving processes; as only 5% of banks choose to develop tech in-house, highlighting the growing reliance on external fintech innovations for strategic advancements. 💰 🚀 With this latest funding round, NayaOne is poised to REDEFINE financial services. As everything moves to being digital first, NayaOne’s technology enables FIs to achieve their strategic outcomes by successfully navigating through the chaos and complexity of vendor technology. 👨💻 Karan Jain, CEO of NayaOne, emphasises the significance of this funding round, it’s a nod to the opportunity and magnitude of the challenge we’re tackling in financial services. “It’s about more than just growth; it’s about setting the pace in a sector that’s fundamentally rethinking how it evolves.” Find out more on the link below! 👇 Ambar Vitelli Kris Dickinson Oli Platt Varun Resh Maddali #nayaone #digitalsandbox #financialservices #fintechnews #fintechpartnership #fintechinnovation #funding

Congratulations to Altari Ventures portfolio company Tradewell Technologies Inc on this partnership with Trumid! I love when things come full circle and this is one of those moments for me. A bond trading floor alum myself, I made an angel investment in Trumid in 2015. The company has been an undisputed success story, having reached capital markets tech unicorn status and having been named to Forbes Fintech 50 list multiple times. I invested in Tradewell in 2023 via Altari Ventures. The bond world has been slower to embrace tech innovation than other parts of financial services, but with growing volumes of electronic trading, we are now at a tipping point in adoption. Tradewell Technologies is modernizing the way institutional fixed income investors trade, and this partnership with Trumid is an exciting milestone on its already impressive growth journey! #fintech #enterprisefintech #startups #fixedincome Alex Reyfman Peter Griffith Brian Oliver Ronnie Mateo Daniel Siracuse Josh Hershman

Congratulations to our portfolio company Midas on raising their $45M Series A round led by Portage 🚀 marking one of the largest early stage #fintech rounds in Türkiye 🎉 We're thrilled to continue supporting Midas alongside IFC - International Finance Corporation, Spark Capital and Earlybird Venture Capital and proud to be one of its first backers since 2021 🌱 With a team of 200+ and Egem Eraslan at the helm, today, Midas has reached 2.5 million users profitably, becoming the largest investment app in Türkiye 🌟 Midas, which initially offered trading on Turkish and American stock exchanges at costs 1/10th of those charged by banks, has now expanded its offerings to include deposits, cryptocurrencies, and investment funds 📈With this expansion, Midas is poised to become Türkiye's first comprehensive #wealthmanagement platform📲 Midas has also stood out with its product-market fit and potential from day one. While 85% of Turkey's population uses mobile banking, only 14% of those aged 18-65 invest in stocks. In comparison, in the US, where 63% of the population uses mobile banking and 55% use at least one stock investment platform 💰 We're excited to continue supporting Türkiye's leading startups in becoming category-leading companies 🤩

🚀 Stay in the loop with FinTech Futures! 🔄 Don't miss out on the latest funding updates in the fast-paced world of finance. Check out our weekly In Case You Missed It (ICYMI) round-up featuring Tuum, DigiMaaya, Youverify, Trampay and more. 🔗 https://lnkd.in/e9XfsWjT #FinTechNews #FundingRoundup #ICYMI

Waza, the new fintech startup, is shaking up cross-border payments in Africa🚀 With $8M in seed funding and backing from Y Combinator, they're tackling the trade deficits and liquidity issues that many African businesses face. 💰 Their growth has been impressive, processing $70M in payments just months after launching. Excited to see how they’ll reshape the market and help streamline global supplier payments. 🌍 #Fintech #Innovation #GlobalTrade https://lnkd.in/eRtB_ND7

Brazilian fintechs are maturing, focusing on automation, strategic partnerships and financial independence. A recent study by PwC and ABFintechs shows most companies are still small and young startups, but more and more directed towards the B2B market. Despite the economic challenges, they pursue financial autonomy, relying less on big external capital contributions and focusing more on controlled growth by creating solid portfolios to acquire and maintain customers in a healthy way. Sqala is no different: solutions that prioritize your experience are front and center in our goals and responsibilities. Dedicated to efficiency and security, we work to guarantee that every transaction and payment integration is the best it can be, providing trust and flexibility to our partners and their customers. #BusinessGrowth #InternationalPayments #Sqala #Fintech