market research agencies in mumbai
12 Oct 2021

FinTech Funding: Pine Labs raises most in Sept, followed by CredAvenue. Here's the complete list

Funding in FinTech startups is gaining pace, with Pine Labs, which plans to go public in the US next year, raising $100 million from US-based Invesco Developing Markets Fund. The new funding comes just months after it raised $600 million in two tranches from a host of global and domestic investors, which valued the firm at $3.5 billion.
CredAvenue, a debt solutions platform, raised $90 million, which was termed as India's biggest Series A funding round. After this funding, the platform is now valued at $410 million.
However, September was a relatively tepid month for FinTech funding, as compared to the turnout in August. In August, BharatPe raised the most at $ 370 million in its Series E equity round. Post this funding, the unicorn is now valued at of $ 2.85 billion. The lowest funding in August was that of StockGro, at $5 million, in its pre-Series A funding round, while in September, Fudr raised the lowest, at $140,000.

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