Jag Duggal’s Post

Banking tech startup Gravity raises $1M in funding The funds will be employed to enhance “our engineering strength to build the product and take it to the next version, offering the best in product engineering we can,” cofounder and chief executive Satish Krishnaswamy said. #B2BTech #FintechStartups #Banking #VentureFunding #Gravity #EngineeringExcellence #CoreBanking #CustomizedBanking #MumbaiStartups #IndianBanking #ARRGoals #StartupGrowth #TechFunding #ProductDevelopment #BankingTech #BusinessNews #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

We're joining Nubank to build an AI-driven digital banking platform 💜 We started Hyperplane two and a half years ago to improve the financial services provided to millions of individuals using AI. Since then, we have made great strides towards the technology foundation behind the next generation of banks. Our vision is that AI will be the next major driver for innovation in consumer finance since mobile. It will unlock new hyper-personalized product experiences and interfaces, more cost-efficient operations, and lower the geographical barriers to internationalization. With AI, we can educate and equip the broader population with very sophisticated financial instruments. Over the last decade, we have watched Nubank put a bank in the pockets of 100 million consumers. Once again, we have the opportunity to reimagine the banking system. I believe that Nubank is the best place for the AI bank to come to fruition. There, we will get to accelerate our shared vision for the future of finance: a bank that is proactive, not reactive. This is our chance to build a digital banking experience that is second to none. A future marked by seamless and intuitive financial interactions that make customers feel valued, understood, and taken care of. This is an incredible milestone, and I want to celebrate the heroes behind it. - My co-founders: Felipe Lamounier, Rohan Ramanath, and Daniel Ribeiro Silva. Their vision, dedication, and daily inspiration have been instrumental in our journey. - Our remarkable team, who always astonished me with their capacity for execution and relentless dedication to Hyperplane's vision. - Our investors, who believed in us from the start. I also want to thank David Vélez, Vitor Olivier, Jag Duggal, Pedro Porto for this incredible opportunity. Together, we will make something wonderful 💜 More about our joint vision for the future of banking here: https://lnkd.in/dBX53tht

Revolutionising an industry is no small task. See the fintech startups leading the charge in redefining England's banking landscape. https://lnkd.in/dczentDG Exciting times ahead, featuring: Treecard, a green finance platform led by Gary Wu, James Cox, James Dugan, Jamie Cox and aiming to promote financial responsibility while also supporting reforestation efforts. Lanistar, a pioneering project using polymorphic technology to provide financial services, masterminded by Gurhan Kiziloz. FlowBank, a multi-asset trading platform offering diverse banking and investment solutions. Heading the charge is Charles Henri Sabet Bloom Group S.A., a company that's enabling digital brands to grow with the help of founder-friendly capital. Masterminded by James Hickson. Mast, a cloud-native technology builder aiding mortgage lenders in offering superior service, led by the dynamic trio Henry Stanley, Joy Joseph Abisaab, Robert Stronach. Saurus.com, a digital banking startup keen on reinventing the banking landscape. Twig, a circular economy-oriented fintech company turning things into cash instantly, driven forward by 🌱 Geri Cupi. Scribe is harnessing the power of AI for company information, all thanks to Emmanuel Hadoux and Rob Cossins. Inveztor™, redefining debt securities via their digital platform, overseen by Alastair Sharpe and Katee Hunter-Sharpe. Finfare Connect, providing innovative banking and card solutions, a result of hard work and dedication shown by Brad Blake and Shapna Majid. Lastly, Xace, leading the way in banking and financial services, led by David H.. Follow their progress and join the conversation: #Fintech #Startups #Banking #Innovation #UKStartups #TimeForChange

Copenhagen based ZTLment raises $2.4 million to replace outdated banking infrastructure Copenhagen-based #fintech startup #ZTLment has secured €2.4 million in pre-seed funding from PreSeed Ventures, Upfin.vc, Giant Ventures, and several prominent business angels. This fresh capital will help ZTLment revolutionize the banking infrastructure by making programmable and peer-to-peer payments seamless and eliminating outdated systems. ZTLment has made a significant breakthrough as the first European fintech to pioneer compliant wallet infrastructure on decentralized rails for ordering and booking platforms. With this funding, the company aims to streamline payment processes and enhance transparency and regulatory compliance for its customers. The innovative minds behind ZTLment are Mads Stolberg-Mathieu, Harry Kearney, and Jason Spasovski. These co-founders are leading the charge in transforming how fiat money transfers are conducted on decentralized platforms while adhering to Europe’s open banking laws. ZTLment is addressing critical challenges faced by ordering and booking platforms, such as automating fund flows, enhancing payment transparency, and maintaining compliance with regulatory standards. Their Compliant Wallet Infrastructure allows platform customers to manage payments efficiently without the need for costly payment operations specialists. The solution is poised to transform the fintech landscape by providing unlimited wallets for platform vendors, facilitating split payouts, and enabling escrow fund releases based on data events. This creates trust and transparency in cross-border transactions but also sets the stage for AI-driven payment automation. Global institutions like Citi, HSBC, J.P. Morgan, and the Bank of International Settlements have recognized the potential of programmable payments that ZTLment is bringing to market. The article on EU-Startups 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

How Startups are Changing the Face of Banking and Investing 🏦 📈 The rise of fintech startups is a transformative movement reshaping the landscape of banking and investing. These agile and innovative companies are leveraging technology to offer new services, improve customer experiences, and create more inclusive financial ecosystems. Fintech startups have been particularly adept at identifying gaps left by traditional financial institutions, especially in areas like mobile banking, digital payments, and peer-to-peer lending. They've introduced a level of convenience and accessibility that was previously unavailable, often at a lower cost to consumers. Moreover, fintech is playing a pivotal role in democratizing financial services. By providing tools and platforms that simplify investing and financial management, these startups are making it possible for a broader segment of the population to participate in the financial market. However, the rapid growth of fintech also brings challenges, such as regulatory hurdles and the need for robust cybersecurity measures. As the industry continues to evolve, it will be crucial for fintech companies to navigate these challenges while maintaining the innovative spirit that has driven their success. Overall, the impact of fintech startups on banking and investing is profound, signaling a shift towards a more dynamic, technology-driven financial future. As they continue to grow and mature, these startups have the potential to further revolutionize the way we interact with our finances. Source: https://lnkd.in/ei3rvbmA #FintechRevolution #BankingInnovation #InvestingEvolved #TechDrivenFinance

Flutterwave, Opay, and Interswitch Among CFTE's Largest Fintech Companies by Market Valuation: The Centre for Finance, Technology, and Entrepreneurship (CFTE) report highlights the largest fintech companies by market valuation in 2024.

This article highlights the dynamic interplay between disruption and sustainability within the fintech sphere. FinTech, characterized by its agility and technological prowess, has redefined traditional financial services, democratizing access and driving efficiency. The narrative reflects the evolutionary journey of these startups, emphasizing the maturation phase marked by a strategic pivot towards profitability. Despite initial challenges, the optimism resonates through strategic partnerships, regulatory support, and evolving business models, illustrating a promising trajectory toward sustainable growth and value creation in the financial sector. #fintech #profitability #finance

Fintech Startups: Accelerating Launch With White Label Banking Software | Business Manchester: In the fast-paced world of financial technology, the race to launch can be as daunting as it is exhilarating. However, for ambitious fintech ...

What is the future of #banking? 👉 You might check out this report from StartUs Insights! #BusinessAngels #VentureCapital #LPs #GPs #Innovation #InnovationManagement #CorporateInnovation #CorporateStrategy #DigitalTransformation #StartUps #StartusInsights #InnovaticGroup InnovaticGroup. Create the Future Now

Daily research from FinTech Global European FinTech companies raise over $100bn in 2019-2023 European FinTechs raised a combined $104.8bn between January 2019 and December 2023. The UK accounted for nearly half of the funding with $48.4bn raised over the period, a 46% share of total funding. 2021 saw the most combined funding in 2019-2023 at $35.7bn, a 34% share of funding. European FinTech companies raised a combined $12.9bn in 2023, a 54% decrease from 2022. Abound, a consumer lending financial firm, had the largest UK FinTech deal in 2023 after raising £500m ($601m) in their latest venture funding round from K3 Ventures, Hambro Perks Ltd. and SR Ventures. The company intends to use the funds to expand the number of customers it lends to, to grow its headcount, and to develop its business-to-business offer. Established in 2020 under the leadership of Gerald Chappell, who serves as the CEO, and Dr. Michelle He, Abound is a financial service that leverages Open Banking and artificial intelligence to offer loans ranging from £1,000 to £10,000, with repayment terms extending up to 5 years. As of now, the company has experienced consistent monthly growth of 30% and has assisted more than 150,000 customers through its platform. It's worth noting that Abound operates as the consumer-facing division of Fintern Ltd, which also owns Render, the proprietary technology employed by Abound to facilitate intelligent lending solutions. FNZ, a wealth management platform, had the largest WealthTech deal in 2019-2023, raising $1.4bn in their latest Private Equity round led by CPP Investments and Motive Partners. The capital will help FNZ further accelerate its growth through increased R&D, as well as driving growth in markets that FNZ have recently entered, in particular North America. CPP Investments is investing a total of $1.1bn. WealthTech accounted for the most funding of any FinTech subsector in 2023 at $2.25bn. Digital banking in Europe saw a major increase in usage during the Covid pandemic although figures in the following years have stabilised, peaking at an average of 61.9% by the end of 2022, across all EU countries. EU countries that have the most online banking penetration are Finland (94.5%), Ireland (84.9%) and Sweden (84.5%). European PayTech’s total transaction value is projected to reach $2,144bn in 2024, a 20.1% share of global payments. Europe’s total transaction value is expected to show an annual growth rate (CAGR 2024-2027) of 12.6% resulting in a projected total amount of $3,061bn by 2027. #FinTech #Investment #Deals