Bite-size updates on Artificial Intelligence, Blockchain, Cryptocurrency, and Fintech from Asia and Europe.
Fundings and Acquisitions
Blockchain.com (formerly Blockchain.info) is a cryptocurrency blockchain explorer service, a cryptocurrency wallet, and a cryptocurrency exchange.
It has raised about $120 million in its latest funding round, which included investments from Alphabet Inc’s venture capital unit, GV.
India-based fintech firm BharatPe announced it has raised US$108 million in its latest round of funding at a valuation of US$900 million.
BharatPe is a QR code-based payment app for offline retailers and businesses.
Cybersecurity firm CYE has raised more than $100million in a financing round, led by the global investment organisation EQT Private Equity, with participation from existing investor 83North.
Digital lending startup KreditBee launched in May 2018 is focused on full-stack digital lending for young professionals. The platform specializes in providing digital personal loans and consumer durable loans to both salaried and self-employed.
It has secured an investment of $75 million (Rs 544 crore) in a Series C round which saw participation of Azim Premji’s PremjiInvest and South Korea’s Mirae Asset Venture.
Zolve is an Indian start-up found by Raghunandan G, which provides a neobanking platform for individuals moving from India to the U.S. (or the other way around). The startup works with banks in the U.S. and India to provide consumers access to financial products seamlessly — without paying any premium or coughing up any security deposit.
Safepay, a fintech firm based in Pakistan, announced that it has raised a seven-figure investment in a new financing round.
SafePay is a fintech platform that enables online payments for business-to-customer and e-commerce platforms.
https://www.techinasia.com/pakistani-fintech-firm-safepay-secures-7-figure-funding-stripe
Equifax announced today that it has closed the acquisition of Kount, a provider of Artificial Intelligence (AI)-driven fraud prevention and digital identity solutions.