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Qiro Finance raises $1.2 Mn in pre-seed round

EntrackrEntrackr · 1y ago
Qiro Finance raises $1.2 Mn in pre-seed round
Medial

Qiro Finance, a decentralized finance (DeFi) company, has raised $1.2 million in its pre-seed round for their new venture, Qiro Finance, led by Alliance, an early-stage web3 accelerator, with involvement from entities like Druid Ventures, Escape Velocity (EV3), Trident Digital and CMT Digital. Additionally, Qiro Finance raised a $100,000 MATIC grant from Polygon under the ‘Polygon’s Village Build Ideas Program’ and a $50,000 development grant from the Aptos Foundation. The proceeds will be used for development and expansion of Qiro Finance. The primary emphasis will centre on product development and ecosystem expansion in preparation for the forthcoming mainnet launch within the current year. Established by Akshay Poshatwar and Nishikant Bahalkar, Qiro Finance focuses on building a decentralized credit protocol to connect emerging market asset originators (NBFIs) with global investors by leveraging blockchain and stablecoin rails. Qiro is developing a decentralized credit protocol with the capability to facilitate a wide range of tokenized RWA-backed credit applications. This is achieved by unifying asset originators, investors, and credit underwriters within a single framework.

Related News

Pype AI raises $1.2 Mn in pre-seed round led by Kalaari Capital

EntrackrEntrackr · 2m ago
Pype AI raises $1.2 Mn in pre-seed round led by Kalaari Capital
Medial

Pype AI raises $1.2 Mn in pre-seed round led by Kalaari Capital The funds will be used to enhance its healthcare communication platform and support expansion into the United States market. Pype AI, an AI front desk platform for hospitals and clinics, has raised $1.2 million in a pre-seed round led by Kalaari Capital with participation from Wyser Capital and Tenity. The funds will be used to enhance its healthcare communication platform and support expansion into the United States market. Founded in 2024 by Dhruv Mehra and Ashish Tripathy, Pype AI builds voice-based AI agents that automate tasks such as appointment scheduling, follow-ups, treatment preparation, and round-the-clock support. Trained on medical conversational datasets, the agents aim to deliver accurate and empathetic patient interactions. The company has also built Whispey, an open-source observability platform with more than 40 evaluations to ensure compliance and performance. Through integrations with hospital electronic medical records, Pype AI reduces missed appointments, lowers operational costs, and improves patient retention. Pype AI is live in several Indian healthcare facilities and claims to automate more than 85 percent of patient queries. It is integrating with Zocdoc, Epic, and Cerner while onboarding United States-based clinic networks. The startup plans to reach more than 50 hospitals and clinic chains by mid-2026 and is working with medical experts to publish research on AI-driven improvements in patient adherence.

Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia

EntrackrEntrackr · 13h ago
Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia
Medial

Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia Mumbai-based embedded lending technology startup Intellend Technologies Advisors has raised $1.2 million (Rs 10.6 crore) in a seed funding round led by Incubate Fund Asia. The round also saw participation from M Venture Partners, Atrium Angels, and angel investor Dhananjay Tiwari. The proceeds will be used to expand the core team, enhance product capabilities, and execute the company’s go-to-market strategy. Founded in May 2025 by Brotish Das, Som Chatterjee, and Bodhisattwa Gupta, Intellend is building a full-stack lending-as-a-service platform focused on enabling embedded credit for MSMEs within digital merchant ecosystems. The platform allows merchant platforms and financial institutions to offer loans directly at the point of need using data-driven underwriting and automated risk assessment. Intellend has partnered with multiple merchant ecosystems that collectively serve over one lakh merchants, enabling access to credit through integrated lending workflows. It focuses on providing structured and affordable credit access to small businesses that typically face limited access to formal lending. Intellend also plans to scale partnerships with additional merchant platforms and financial institutions while expanding its lending product suite. The founding team brings prior experience across Indian and global financial institutions, including Citi, Standard Chartered, HSBC, Axis Bank, and other large lenders, with backgrounds in digital lending, risk management, and embedded finance.

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