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Fintech startup Pelocal raises $5 million from Unleash Capital Partners, Unicorn India Ventures and angels - The Economic Times

Economic Times

Economic Times · 1d ago

Fintech startup Pelocal raises $5 million from Unleash Capital Partners, Unicorn India Ventures and angels - The Economic Times

Fintech startup Pelocal, an AI-led payments orchestration platform, has raised $5 million in a funding round led by Unleash Capital Partners and Unicorn India Ventures, with additional participation from angel investors. The funds will be used to enhance product development and strengthen market strategy. Founded in 2021, Pelocal integrates payments into messaging platforms like WhatsApp, serving over 40 enterprises across sectors like BFSI and utilities, with an annual revenue run rate exceeding $1.5 million.

Related News

Proost, Swish, PeLocal, Theranautilus bag early-stage cheques

VCCircle

VCCircle · 10m ago

Proost, Swish, PeLocal, Theranautilus bag early-stage cheques

Proost, Swish, PeLocal, and Theranautilus have recently announced securing early-stage investments. Proost, a beer startup, raised $3.5 million in a Series-A round led by Chimes Group and Srinivasan Namala. Swish, a food-delivery startup, completed a seed funding round raising $2 million with participation from Accel, Urban Company founders, and Karthik Gurumurthy. Fintech startup PeLocal received $2 million in seed funding led by Unicorn India Ventures and plans to expand its payment services through WhatsApp. Theranautilus, a deep-tech startup, gained $1.2 million in seed funding led by pi Ventures for developing nanorobotic solutions for healthcare.

[Update] Zype Raises INR 90 Cr From Xponentia Capital

Inc42 · 1m ago

[Update] Zype Raises INR 90 Cr From Xponentia Capital

Zype, a fintech startup, raised INR 90 crore in funding from Xponentia Capital, with contributions from Unleash Capital Partners and angel investor Tejinder Singh Hara. This funding includes INR 34 crore converted from debt to equity. The capital will be used to expand Zype's product portfolio and enhance its presence in Tier II and III cities. Previously, Zype raised INR 146 crore in a funding round led by Xponentia Capital.

Fintech lender Zype raises Rs 90 crore in round led by Japanese VC fund Unleash Capital Partners - The Economic Times

Economic Times

Economic Times · 1m ago

Fintech lender Zype raises Rs 90 crore in round led by Japanese VC fund Unleash Capital Partners - The Economic Times

Mumbai-based digital lending startup Zype raised Rs 90 crore in a funding round led by Unleash Capital Partners, with participation from Xponentia Capital. The funds will support Zype's growth for 12-18 months. The company, which holds an NBFC license, focuses on unsecured personal loans for young salaried consumers. Despite posting a net loss in FY24, Zype aims to achieve profitability by FY26. The startup has disbursed Rs 1,300 crore and manages Rs 400 crore in assets.

PeLocal secures $2 million funding led by Unicorn India Ventures

Economic Times

Economic Times · 10m ago

PeLocal secures $2 million funding led by Unicorn India Ventures

Chennai-based payment solutions provider PeLocal has raised $2 million in a funding round led by Unicorn India Ventures. The startup enables ecommerce transactions through messaging platforms like WhatsApp and aims to scale its monthly transaction numbers from three million to 10 million in the next year. PeLocal plans to build a marketing catalogue and a dedicated small business payments platform on WhatsApp. The company's offerings have been adopted by clients such as Delhi Metro, Indraprastha Gas, and Mahanagar Gas, as well as multiple insurance companies. PeLocal previously raised $1 million in a seed round.

Fintech Kapital becomes Mexico's latest unicorn with $1.3 billion valuation - The Economic Times

Economic Times

Economic Times · 14d ago

Fintech Kapital becomes Mexico's latest unicorn with $1.3 billion valuation - The Economic Times

Mexican fintech Kapital achieved unicorn status with a valuation of $1.3 billion after a funding round led by Tribe Capital and Pelion Ventures. It secured access to $100 million, enhancing its operations, including a recent acquisition of Mexican bank Autofin. This move grants Kapital a banking license, further solidifying its market position. The company continues to expand by acquiring financial services from Intercam, despite previous US sanctions on the latter. Kapital works closely with authorities to ensure compliance.

UnityAI Raises $4M in Seed Funding

Finsmes · 1y ago

UnityAI Raises $4M in Seed Funding

Nashville-based healthcare technology startup UnityAI has raised $4 million in seed funding. The round was led by Max Ventures, with participation from Whistler Capital Partners, Nashville Capital Network, Company Ventures, and local healthcare angels. UnityAI employs advanced AI technologies to enhance hospital bed management and improve resource allocation and patient care. The funds will be used to scale operations and expand the company's reach. Founded by three data scientists with backgrounds at HCA, UnityAI is actively working with healthcare providers to implement its solutions.

Fintech startup DPDzero raises $7 million in funding round led by GMO Venture Partners - The Economic Times

Economic Times

Economic Times · 1m ago

Fintech startup DPDzero raises $7 million in funding round led by GMO Venture Partners - The Economic Times

DPDzero, a Bengaluru-based fintech startup, secured $7 million in funding led by GMO Venture Partners, with participation from SMBC Asia and Blume Ventures. The company, founded by Ananth Shroff and Ranjith Ramchandra, focuses on AI-driven debt collection. The funds will be used to hire field collection agents in Bengaluru to ensure ethical practices, with plans to expand to other states. DPDzero partners with various banks and has handled collections for millions of borrowers.

Unicorn India Ventures leads $2 Mn round in PeLocal

Entrackr

Entrackr · 10m ago

Unicorn India Ventures leads $2 Mn round in PeLocal

Fintech startup PeLocal has raised $2 million in a seed funding round led by Unicorn India Ventures. The Chennai-based company had previously raised $1.06 million in the same round from Future Monk Investments and others. The proceeds will be used to expand and enhance the platform and also help accelerate go-to-market strategies for rolling out large-scale projects, PeLocal said in a press release. Launched in 2021 by Vivekanand Tripathi, PeLocal is a payment solutions provider within WhatsApp, advancing digital transactions for clients like Delhi Metro, Indraprastha Gas, Mahanagar Gas, and insurance providers. The platform specializes in transit ticketing, utility payments, and financial services, delivering secure solutions across government and private sectors. It aims to empower secure and end-to-end solutions leveraging cutting-edge communication channels. PeLocal aspires to leverage technologies like WhatsApp for seamless, secure, and customer-centric transactions. It also bridges the gap between merchants and consumers, envisioning the idea of being ‘Vocal for Local.’ The company plans to go aggressively on payments in WhatsApp and further strengthen its leadership position in the payments solutions market. In the last 12 months, PeLocal claims to have grown from 500K monthly payment transactions to 3 million monthly payment transactions. The company aims to touch 10 million monthly payment transactions on WhatsApp in the next 12 months. It is planning to launch a Marketing Catalog on WhatsApp with payments and an SMB payments platform on WhatsApp. It competes with other players in the space like Yellow.ai, Gupshup, and others.

CredResolve raises $1.1 Mn in Seed round

Entrackr

Entrackr · 6m ago

CredResolve raises $1.1 Mn in Seed round

Collections platform CredResolve has raised $1.1 million in a seed funding round led by UNLEASH Capital Partners, with participation from CDM Capital. The Gurugram-based company had previously raised $33.6K in an angel round from PedalStart, Tujala Goud, and others in February 2024. The proceeds will be used to expand its partnerships to over 25 financial institutions, enhance its AI-driven technology stack, and strengthen its presence across multiple cities, CredResolve said in a press release. Co-founded in August 2023 by Balaji Koustubha, G Prashant Kumar, and Vijay Kumar, CredResolve is an AI-powered collections platform dedicated to optimizing the debt resolution process in India. The platform integrates technology with regulatory compliance to help financial institutions improve recovery rates, reduce operational inefficiencies, and enhance borrower experiences. According to CredResolve, it aims to redefine debt recovery by integrating artificial intelligence with borrower engagement strategies. The company leverages AI to automate recovery workflows, improve borrower communication, and ensure strict compliance with Reserve Bank of India (RBI) regulations. This tech-driven approach enhances recovery rates while reducing operational inefficiencies, addressing a pressing challenge in India’s financial sector. CredResolve claims to serve over 20 lenders across banks, fintech firms, Non-Banking Financial Companies (NBFCs), and Asset Reconstruction Companies (ARCs). Currently, the startup generates an annual recurring revenue (ARR) of approximately $1 million and intends to triple its revenue in the next year. It competes with other startups in this space, such as CredGenics, DPDZero, Spocto, Skit.AI, among others. UNLEASH Capital Partners is a Japanese venture capital firm focused on early-stage fintech and financial services in India, with a strong emphasis on driving financial inclusion.

Metafin, three others raise early-stage funding from multiple VCs

VCCircle

VCCircle · 1y ago

Metafin, three others raise early-stage funding from multiple VCs

Cleantech-focused non-bank financial company Metafin has raised $5 million in a funding round led by Prime Venture Partners and Varanium Capital. Metafin plans to utilize the funds to expand its presence across states, grow its loan book, improve technology, IoT stack, and hire talent. Cashinvoice, a supply chain finance platform, raised $3.4 million in a Series A funding round from investors including Pravega Ventures and HDFC Bank. Healthtech startup Piscium and home care brand Koparo also secured early-stage funding. Piscium raised $722,994 in a Series A round led by Unicorn India Ventures, while Koparo raised the same amount in a funding round led by 4P Capital Partners.

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