Tuesday, October 22, 2024
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ICYMI fintech funding round-up: CredRight, MFast, Maly and OneID

Here are the latest funding announcements in the fintech industry from FinTech Futures’ In Case You Missed It (ICYMI) round-up:

Facts

  • Indian fintech start-up CredRight secured $9.7 million in debt and equity funding, led by the Dell Foundation and involving investors like YourNest, Spearhead Capital, 9Unicorns, and Accion Venture Lab. They plan to expand their digital lending platform.
  • Vietnamese fintech platform MFast raised $6 million in a Series A funding round led by Wavemaker Partners, aiming to democratize financial access in Vietnam and expand regionally.
  • UAE-based financial wellness platform Maly received $1.6 million in pre-seed funding to improve financial wellness in the MENA region through its savings app and Visa card, targeting UAE and Saudi Arabia.
  • Bank-verified digital identity service OneID secured £1 million in funding from ACF Investors to enhance its identity verification solution and promote online identity verification.

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