Cross border payments for Indian SMEs. Avoids the multi-bank hopping of an international transaction that happens in the SWIFT system, which leads to multiple fees, by enabling direct transactions between Infinity's partner banks in India and abroad. This can reduce fees by 70%. Also enables SMEs to earn interest on idle cash through investment in government securities. Bengaluru based, the founders are siblings. $1.9M pre-seed round. Differentiation is well explained in the YourStory article linked below. It's a real shame this startup wasn't funded by India-based VCs.

Secured lending platform with a Loan Against Mutual Funds (LAMF) product, in collaboration with Bajaj and NBFCs. ₹6.75 crore pre-seed round. growX ventures (not linked below) also participated in the round.

Marketplace for home loans. Connects banks and NBFCs with home buyers, 15K customers served so far. Pranav Khattar and Ashish Lohia are also co-founders (not linked below). $7M raised through a combination of seed and Pre-Series A rounds.

Gold micro-investing platform, with daily savings plans starting from ₹10. Backed by physical gold, instantly redeemable. So how is it different to market leader Jar (https://www.myjar.app/)? The company runs Spare8+, where your gold savings are leased to bank verified jewellers, so you can earn a further 5% per annum. Undisclosed amount raised in this (bridge?) round from angels. The company raised a $800K pre-seed round in 2022 from 2am VC and Varanium Capital.

Neo bank providing a high yield savings bank account (partner: Yes Bank), on the back of fixed income mutual funds (partner: ICICI Prudential). Aims to provide >2x the typical savings account interest rate. Customers can spend from their account using UPI. $1.2M raised in this seed round.

AI-driven meetings and follow-up assistant for financial advisors in wealth management firms. Currently focused on teams of all sizes in the US, from individual to large RIAs ( registered investment advisors) and asset management firms. Other investors in this $2M seed round include Better Capital, SFMG Wealth Advisors and Gregg Fisher (Founder, Quent Capital).

FinTech startup building a lending against property tech stack, using its AI powered property score. Helping banks, NBFCs and HFCs accurately value properties for mortgage calculations. Also developing property insurance and property management tools. $1M raised in this seed round.

Credit card and loyalty management platform. Helps consumers track, manage and optimize over 500 credit cards and 74 loyalty programs. At beta stage with 5K users. India has 100M+ active credit cards across 60M people. ₹2.5CR raised in this round. Angels including Bhavesh Gupta, Shriram Nene and Ritesh Malik also participated.

Startup that makes mutual fund investing easier for customers and provides tools and technology to distributors. Has 10K distributors and manages ₹1,000CR in AUM for 60K customers. ₹25CR raised in this round.

Payment solutions provider within WhatsApp, processing transactions for Delhi Metro, Indraprastha Gas, insurance providers. Currently at 3M monthly transactions. Comps: Yellow.ai, Gupshup. Raised $2M in this round, having raised $1M earlier from Future Monk Investments and others.