Fintech funding round-up: 4 April 2017
The world is not short of money… for some. Our latest fintech funding round-up features Aeries Financial Technologies, CASHe, Perfios and Ayopop.
There’s never a shortage of fintech news in India. Aeries Financial Technologies, which owns the app-only lending platform CASHe, has raised $3.8 million in Series A funding from an investor group led by Mathew Cyriac – a former senior MD and partner at investment firm Blackstone Group.
As part of the deal, Cyriac will join the board of CASHe as an investor director. Mumbai-based CASHe will use the funding to increase its business in an undisclosed manner.
Staying on the sub-continent, Bengaluru-based personal finance management firm Perfios has raised $6.1 million in Series A funding from Bessemer Venture Partners. The funds will be used for more staff, expansion to the UAE and Southeast Asia, and potential (and unspecified) acquisitions.
Perfios offers services such as bank statement analysis, e-verification, fraud checks, and financial data aggregation APIs. According to its website, clients include Experian, Axis Bank, HDFC Bank, IDFC Bank and Yes Bank.
Indonesian bill payment platform Ayopop has received $1 million seed funding in a round led by Tokyo-based early stage venture capital firm Gree Ventures.
The funding will help Ayopop expand its tech capabilities – namely launch more features and increase partnerships with other platforms – such as e-commerce and financial service companies.