Gurugram-Based Fintech Startup True Balance Raises $28M from Softbank, Others True Balance, which was officially launched in India in 2016, has disbursed via its primary loan products of over Rs 1 billion this year alone to India’s underbanked, uncredited, unaccessed, and the financially uneducated.
Investree Receives US$15M from Accial Capital to Provide Loans to Indonesian SMEs The new credit facility will provide financing to more Indonesian SMEs through Investree’s diversified loan portfolio, including invoice financing, buyer financing, working capital term loan, and online seller financing.
SG's Osome Raises US$3M from XA Network, Altair to Aid SMEs in Corporate Accounting Osome leverages Artificial Intelligence and Machine Learning techniques, combined with the experience of human experts, to solve the problem of time-consuming administrative tasks, such as payroll and secretarial work.
Pakistani Fintech Tag Gets In-Principle Approval of Country’S Central Bank, Receives Investment from Former Execs of N26 & Revolut The app will enable users to pay their utility bills, recharge mobile credit, make P2P transfers to other Tag users or any bank account in Pakistan, and keep an eye on their spending.
SG's Women-Focused Fintech Startup Lucy Bags $360k in Pre-Seed Round This capability will enable donors and investors to distribute and track grants and loans, and see female entrepreneurs find an easy way to sign up for and access the financial solutions they need to start and grow their businesses.