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Pune-based fintech unicorn OneCard, led by FPL Technologies, has raised $28.5M in a bridge round to fuel its growth and operations. This funding includes new backing from Better Tomorrow Ventures alongside existing investors Peak XV Partners and Z47. Founded in 2019 by Anurag Sinha, Rupesh Kumar, Hari Velayudan, Devang Shah, and Vibhav Hathi, OneCard is transforming the credit card landscape with its digital-first, no-fee metal cards. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/e4233YGN 🚀 #Fintech #Funding #Innovation #IndiaStartups

Bengaluru-based supply chain fintech startup QuiD Cash has raised $4.5 million (approximately INR 38.23 crore) in its Pre-Series A funding round. The round featured participation from angel investors, including Piyush Jain, Director of Shrem Group, and returning investor MINTCAP. The funding will be used to enhance QuiD Cash’s technology capabilities and expand its operations. The startup has also launched QuiD Capital, an NBFC focused on anchor-led invoice financing, further strengthening its financial offerings. Founded by Subhash Gupta and Vikram AG, QuiD Cash provides tech-enabled financial solutions through its B2B supply chain platform. The company serves over 8,000 registered users and collaborates with more than 20 large anchors in sectors such as FMCG, automotive, pharmaceuticals, and agri-businesses. Each anchor facilitates transactions worth INR 50 to INR 250 crore monthly. This milestone underscores QuiD Cash's commitment to empowering businesses with innovative supply chain financing solutions. #QuiDCash #FundingNews #Fintech #SupplyChain #InvoiceFinancing #StartupGrowth #BengaluruStartups #InnovationInFinance #NBFC QuID

Bengaluru-based supply chain fintech startup QuiD Cash has raised $4.5 Mn (around INR 38.23 Cr) in a Pre-Series A funding round from a host of angel investors, including Piyush Jain, Director of Shrem Group, and existing backer MINTCAP👇 The startup plans to deploy the fresh capital for technology enhancement and business growth. On the back of the fundraise, the B2B company has also rolled out QuiD Capital, an NBFC designed to facilitate anchor-led invoice financing. Founded by Subhash Gupta and Vikram AG, QuiD Cash provides tech-driven financial solutions through its B2B supply chain platform. The startup currently claims to serve around 8,000 registered users and works with more than 20 large anchors across FMCG, automotive, pharmaceuticals and agri-businesses, with each anchor processing transactions worth INR 50- INR 250 Cr monthly. 🔗To read the in-depth article, click here: https://4-2.co/4iN5GtZ #fintech #startup #funding

Mumbai-based fintech startup GrayQuest has secured INR 80 Cr in its latest funding round, with participation from IIFL Fintech Fund, Claypond Capital, and existing investor Pravega Ventures. Founded in 2017 by Rishab Mehta, GrayQuest is on a mission to streamline fee collection for educational institutions while offering flexible payment solutions for parents. The fintech SaaS platform currently serves a growing network of schools and parents, making education payments hassle-free. The fresh capital will be used to enhance GrayQuest's technology infrastructure, expand its distribution network, and onboard more educational institutions. This marks a significant step in the startup’s journey to revolutionize the education payment ecosystem in India. Congratulations to the GrayQuest team for paving the way for innovation in education finance! #EdTech #Fintech #GrayQuest #StartupFunding #EducationInnovation GrayQuest @rishab mehta

QuID Cash, a supply chain fintech startup, has raised $4.5 million (approximately Rs 38.23 crore) in its pre-Series A funding round. The round saw participation from angel investors such as Piyush Jain and its existing backer, MINTCAP Earlier in 2024, QuiD raised Rs 5 crore in a pre-seed round led by Mint Cap Enterprises and Stone Park Capital. The new funds will be directed towards technology enhancement and business growth. The company has also launched QuiD Capital, a Non-Banking Financial Company (NBFC) focused on anchor-led invoice financing. Founded by Subhash Gupta and Vikram A G, Cash delivers tech-based financial solutions through its B2B supply chain platform, catering to 8,000 users and partnering with over 20 major companies across sectors like FMCG, automotive, pharmaceuticals, and agriculture. These companies manage monthly transactions ranging from Rs 50 crore to Rs 250 crore. Operating with a team of 40 employees, QuiD Cash plans to expand its workforce to 50 by next year. The startup is also targeting the onboarding of 5 lakh retailers within the next two years. Satendra Singh | Subham Majumder | #quidcash #quidfunding #fintech #supplychain #startupnews #funding #latestfunding #startupro

GrayQuest, a Mumbai-based fintech startup, has raised INR 80 crore in its Series B funding round. This funding follows the startup’s Series A round in 2023, where it secured $7 million. The funds will be used to enhance GrayQuest’s technology platform, expand its distribution network, and onboard more educational institutions. Founded in 2017 by Rishab Mehta, GrayQuest offers a fintech SaaS platform that provides flexible fee payment solutions for parents and digitized fee collection for schools, colleges, and universities. Read more about this news: https://lnkd.in/gszMQ9sB #GrayQuest #SeriesBFunding #FundingNews #StartupIndia #StartupGrowth #BusinessNews

💥 𝐅𝐚𝐬𝐭 𝐅𝐚𝐜𝐭𝐬 & 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 GrayQuest, an education-focused fintech startup, has secured ₹80 crore (approximately $9.3 million) in a Series B funding round. The investment was led by IIFL (India Infoline Group) Fintech Fund, Claypond Capital (the family office of Dr. Ranjan Pai), and existing investor Pravega Ventures. Founded in 2017, GrayQuest offers a unified payment platform that enables educational institutions to digitize and streamline fee collections. The platform provides students and parents with flexible payment options, including monthly installments for annual education fees without additional costs. The company plans to utilize the new funds to enhance its technology platform and expand its reach to more educational institutions across India. #Fintech #EdTech #FundingNews #GrayQuest #Education #DigitalPayments #StartupGrowth #Investment #IndiaTech #FinancialInclusion | Rishab Mehta

#Update GrayQuest, an education fintech startup, has raised INR 80 crore in Series B funding led by IIFL (India Infoline Group) Fintech Fund, CLAYPOND. Capital, and Pravega Ventures. GrayQuest's platform digitizes fee collection for educational institutions, offering flexible payment options for families. This funding will be used to enhance its technology platform and expand its reach across educational institutions in India. With over 6,500 institutions currently using its services, GrayQuest aims to revolutionize education financing in India. Read the story: https://ow.ly/JxQI50UE4NY Rishab Mehta, Founder and CEO, GrayQuest #FinTech #EdTech #EducationFunding #StartupIndia #DigitalPayments #EducationTechnology #FundingNews #InnovationInEducation #TechForGood #StartupFunding

QuID Cash, a Bengaluru-based supply chain fintech startup, has successfully raised $4.5 million (approximately INR 38.23 crore) in its Pre-Series A funding round. Founded by Subhash Gupta and Vikram A G, QuiD Cash delivers technology-driven financial solutions via its B2B supply chain platform. The startup claims to serve around 8,000 registered users and collaborates with more than 20 large anchors across various sectors, including FMCG, automotive, pharmaceuticals, and agri-businesses. Each anchor processes transactions worth INR 50 to INR 250 crore monthly. Read more at: https://lnkd.in/g2mwJeUi #fintech #startup #funding #startupstory

Fintech startup OneCard has secured INR 71.4 Cr ($8.5 Mn) as part of its larger funding round via which it aims to raise INR 239.4 Cr ($28.4 Mn). Founded by Anurag Sinha, Rupesh Kumar and Vibhav Hathi in 2018, OneCard offers a co-branded credit card in partnership with banks such as Federal Bank and Bank of Baroda Financial, among others. The platform also offers credit card-related services such as credit score checks and an expense management application. To date, the company has raised a total of $111.41 Mn and it counts Peak XV Partners , QED Holdings and Hummingbird as among its marquee backers. The startup entered the unicorn club in July 2022 after bagging $100 Mn from Temasek. OneCard competes with the likes of slice, Karbon Card, Uni Cards and Kodo Card, among others. Read more at: https://lnkd.in/gm8xtbk4 #onecard #fintech #funding #startupnews #startupstory