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Risk consulting firm White Matter Advisory acquires 90% stake in fintech Fairexpay

Economic Times

Economic Times · 11m ago

Risk consulting firm White Matter Advisory acquires 90% stake in fintech Fairexpay

Treasury risk consulting firm White Matter Advisory has acquired a 90% stake in fintech startup Fairexpay. This move will help White Matter Advisory expand its portfolio in cross-border remittance and fund collection services. Fairexpay, which is authorized by the Reserve Bank of India, offers features such as competitive FX rates and fast processing times. White Matter Advisory plans to leverage Fairexpay's technological platform and regulatory approvals to enhance its client services and gain a competitive edge in the cross-border remittance market. The integration will allow White Matter Advisory to offer seamless and cost-effective cross-border payment solutions to its clients.

Related News

NABARD acquires 10% stake in agri-fintech startup

VCCircle

VCCircle · 2m ago

NABARD acquires 10% stake in agri-fintech startup

The National Bank for Agriculture and Rural Development (NABARD) acquired a 10% stake in 24x7 Moneyworks Consulting, marking its first investment in a bootstrapped startup. The Vadodara-based agri-fintech firm operates eKisanCredit (eKCC), a digital loan platform for rural banks. This move aims to enhance transparency and efficiency in agricultural credit, benefiting small farmers. NABARD plans a nationwide rollout after successful pilots with the platform, underscoring its commitment to rural innovation.

Cedar Capital announces first close of $30M fintech fund

IndianStartupNews

IndianStartupNews · 1y ago

Cedar Capital announces first close of $30M fintech fund

Cedar Capital has announced the first close of its $30 million fintech venture capital fund. The firm aims to invest in approximately 15 BankTech and B2B fintech startups. With commitments from leading family offices and institutional investors, Cedar is positioning itself as a key player in the BankTech and enterprise fintech space. Leveraging its global research and consulting reputation, as well as its in-house FinTech Lab, the firm intends to provide more than just capital to its portfolio companies. The fund's leadership includes Sahil Anand, Subit Saurav, and Sunny Desa, with an advisory board comprising industry experts.

Cedar Capital taps Saudi LP for maiden venture capital fund

VCCircle

VCCircle · 1y ago

Cedar Capital taps Saudi LP for maiden venture capital fund

Cedar Capital has selected an offshore asset manager to invest in its debut venture capital fund. The firm, created by management consulting firm Cedar Consulting and fintech market intelligence platform IBS Intelligence, launched a fintech-focused fund last year. The fund achieved its first close in March and aims to support early-stage companies.

Infibeam acquires 20% stake in US-based XDuce

Thehindubusinessline

Thehindubusinessline · 1y ago

Infibeam acquires 20% stake in US-based XDuce

Infibeam Avenues Ltd, an AI-powered fintech company, is investing $10 million for a 20% strategic stake in XDuce, an enterprise Application and AI development company based in the US. This move aims to integrate Infibeam's Phronetic capabilities into XDuce's framework and support their platform and payments business growth in the US market. The collaboration will enhance XDuce's intelligence quotient by embedding PhroneticAI Fraud detection and Authentication and Risk identification (FAR) AI technology. Infibeam aims to boost its international business contribution and penetrate the US market with AI fintech solutions for financial fraud prevention.

Xoriant acquires MapleLabs to expand its platform engineering capabilities

Economic Times

Economic Times · 1y ago

Xoriant acquires MapleLabs to expand its platform engineering capabilities

US-based consulting and IT services firm Xoriant has acquired Bengaluru-based product engineering firm MapleLabs. The acquisition aims to enhance Xoriant's capabilities in platform engineering, product development, and cloud native applications. MapleLabs brings expertise in hybrid cloud infrastructure, observability, and Site Reliability Engineering (SRE). The financial details of the deal were undisclosed. Xoriant, backed by private equity firm ChrysCapital, aims to strengthen its position in the digital engineering space and provide innovative solutions to its global clients. This is Xoriant's second acquisition following the acquisition of Bengaluru-based consulting firm Thoucentric in 2023.

Cedar Capital marks first close of maiden fund

VCCircle

VCCircle · 1y ago

Cedar Capital marks first close of maiden fund

Cedar Capital, a venture capital firm formed by management consulting firm Cedar Consulting and fintech platform IBS Intelligence, recently announced the first close of its early-stage fund. The fund, led by Sahil Anand, aims to raise a certain amount and will focus on investing in promising startups.

Peak XV eyes $50M investment in former Edelweiss executives’ Neo

TechCrunch · 1y ago

Peak XV eyes $50M investment in former Edelweiss executives’ Neo

Peak XV Partners is in advanced stages of deliberations to lead a financing round in Neo Group, an asset management and financial advisory firm, three sources familiar with the matter said. The firm is finalizing an investment of as much as $50 million in Neo.

ChrysCapital-backed Xoriant acquires Thoucentric for an undisclosed sum

IndianStartupNews

IndianStartupNews · 1y ago

ChrysCapital-backed Xoriant acquires Thoucentric for an undisclosed sum

Xoriant today said it has acquired Bengaluru-headquartered Thoucentric, a consulting firm that focuses on solving business problems using process and digital solutions in the supply chain, sales & distribution, and finance domains.

Startup hiring in high-paying senior positions dropped 80% YoY in Q1 2023

Deccan Herald · 2y ago

Startup hiring in high-paying senior positions dropped 80% YoY in Q1 2023

Employees up in the hierarchy haven’t been spared from the cost-cutting start-ups are adopting across industries. Hiring in senior leadership roles in India dropped 80 per cent year-on-year in the first quarter of 2023, according to a report by executive search and talent advisory firm, LONGHOUSE Consulting.

A&M India appoints two former Accenture Strategy execs as MD

VCCircle

VCCircle · 8m ago

A&M India appoints two former Accenture Strategy execs as MD

Professional services and turnaround firm, Alvarez & Marsal (A&M) India, has named Jugnu Sakuja and Shubhra Goel as managing directors. The appointments come as the company aims to achieve five-fold growth over the next five years. Sakuja brings more than 18 years of consulting experience to the role, while Goel has over 20 years of experience in financial services and consulting. A&M provides advisory, business performance improvement, and turnaround management services.

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