ICYMI funding round-up: MarketWolf, Pina, Deshe and Sava
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
Indian stock-trading platform MarketWolf has raised $10 million in a funding round led by Dream Capital and Jungle Ventures.
New and existing investors also participated in the round, including 9Unicorns, Iseed, Crescent and Riverwalk.
MarketWolf aims to direct the new money into building its products and hiring talent for its product, marketing and engineering teams.
Founded in 2017, MarketWolf offers first-time investors a platform that aims to make trading easier and jargon-free. It claims to have 1.5 million users.
Indonesian personal finance app Pina has landed $3 million in a seed funding round led by AC Ventures, Vibe.VC and Y Combinator.
Other investors in the round include XA Network, 1982 Ventures and Prasetia Dwidharma.
Pina says it will use the money to develop its product offerings and acquire more customers.
Founded in 2021, Pina aims to help people achieve financial freedom by providing products and advice “that make complicated financial decisions simple and relevant”. The app offers personalised advice from financial experts, online investing and money management tools.
The company claims to have more than 25,000 registered users and more than $4.1 million in assets under management (AUM).
Israeli fintech firm Deshe Analytics bagged $6.5 million in seed funding led by Group 11, with participation from Psagot Investment House and the founders of WIX.com, Avishai Abrahami and Nir Zohar.
Founded in 2019, Deshe has developed AI-driven algorithms which analyse public companies around the world and generate a research report for every stock.
“Using Deshe’s analysis, all investors – sophisticated and unsophisticated – can enrich and deepen their understanding of stock markets in their native language,” the firm says.
“Deshe’s AI system draws data on a selected company, processes it, and produces a report within seconds that analyses the company in any language alongside a buy, hold, or sell recommendation.”
The firm says the fresh funds will be used to further develop its products and expand into international markets.
Deshe claims to deliver reports for more than 44,000 stocks in 134 exchanges.
African spend management platform Sava has secured $2 million in pre-seed funding.
The round was led by Quona Capital, with participation from Breega, CRE Ventures, Ingressive Capital, RaliCap, Unicorn Growth Capital, and Sherpa Ventures.
“This resource will enable us to launch our product in South Africa and Kenya, offering a needed solution for business owners to manage their spending and access affordable credit,” Sava says.
Founded in 2021 and based in Nairobi, Sava’s platform will enable African businesses to manage their expenses, helping them reduce their time spent on record-keeping and reconciliations.