Category: #News

YourStory: Indian FinTech Kaleidofin raises 360 million rupees ($5.1 million) in Series A round
Perspectives

YourStory: Indian FinTech Kaleidofin raises 360 million rupees ($5.1 million) in Series A round

Kaleidofin Private Limited, India’s first neobank for the informal sector customer, has closed an INR 360 million Series A round. In discussing Flourish’s renewed support, investment director Anuradha Ramachandran stated, “We are excited to continue to support Kaleidofin on their journey to helping Indians build economic resiliency and achieve financial health.” Read more in YourStory...

The Times of India: Toffee Insurance raises $5.5 million in Series A
Perspectives

The Times of India: Toffee Insurance raises $5.5 million in Series A

Learn more about the new round of funding announced by our insurtech portfolio company Toffee. Using AI and machine learning, Toffee is helping people in India to build safety-nets and manage risk through bite-size insurance policies. The Times of India has more on our follow-on investment and plans ahead for the startup.

Albo strengthens its position as the leading challenger bank in Mexico through a historic $19M funding round
Perspectives

Albo strengthens its position as the leading challenger bank in Mexico through a historic $19M funding round

Our portfolio company, albo, the leading challenger bank in Mexico, closed an extension of its Series A funding round for $19M million, adding up the Series A round in a total of $26M. CEO Ángel Sahagún explained the company will allocate this capital to three strategic initiatives: the expansion of its products, concrete growth plans, and the best available...

TechCrunch: Albo raises $19M Series A to scale Mexico’s largest neobank
Perspectives

TechCrunch: Albo raises $19M Series A to scale Mexico’s largest neobank

TechCrunch covers our portfolio company Albo’s latest fundraising round. The Mexican challenger bank has secured a $19 million extension to its Series A financing. Albo’s Angel Sahagun says it owns the market share in Mexico with 200,000 monthly active customers who are spending and making transactions in its platform. Read more on TechCrunch. 

TechCabal: Financial Service Innovators launches first Nigerian Industry Innovation Sandbox with backing from Flourish, EFInA, NIBSS, and CBN
Perspectives

TechCabal: Financial Service Innovators launches first Nigerian Industry Innovation Sandbox with backing from Flourish, EFInA, NIBSS, and CBN

With support of Flourish, the Financial Services Innovators (FSI), a community of Fintech enthusiasts passionate about driving innovation in the financial services industry, announced the launch of the Nigerian Industry Innovation Sandbox, at the sidelines of EFInA’s Financial Inclusion Conference in Lagos. Read more on the press release. 

American Banker: BankThink Libra: The opening act of a modern regulatory drama
Perspectives

American Banker: BankThink Libra: The opening act of a modern regulatory drama

Our director of policy and ecosystem engagement Kabir Kumar published a piece in American Banker about how Libra ignited broad questions for regulators everywhere. He stated his “vision of a world where new technologies empower people in their daily lives and are anchored in a foundation of fairness, security and transparency.”  Read more on American...

Forbes: Digital Bank Chime Now Has A Valuation Of $5.8 Billion
Perspectives

Forbes: Digital Bank Chime Now Has A Valuation Of $5.8 Billion

Chime, the digital bank, now boasts a valuation of $5.8 billion, after raising $500 million in a fresh round of fundraising. Among the leaders in this new crop of mobile and digital-only banks, Chime had a valuation of $1.5 billion back in March when it raised $200 million in funding. The jump in its valuation...