July 18, 2024

Fintech Startup FinanceKaart, Supported by STPI & IIM-L, Receives Funding Boost from UK based VC firm, Pontaq Ventures under NextGen Technology Fund by STPI

2 min read

New Delhi (India), July 28: ​​​FinanceKaart, a leading AI-driven credit- led neo- bank & financial match-making platform for MSMEs, is thrilled to announce the successful completion of its recent investment round.

The company has raised a substantial amount of funding from prominent investors Pontaq Ventures and Software Technology Parks of India (STPI), underscoring their confidence in the platform’s potential for growth and innovation.

The investment will fuel FinanceKaart’s mission to revolutionize the financial services landscape by providing users with a comprehensive suite of digital solutions tailored to their unique needs. The company’s cutting-edge technology, combined with its deep industry expertise, has enabled it to establish a strong foothold in the market and deliver exceptional value to its rapidly expanding user base.

Pontaq Ventures, a leading venture capital firm renowned for its strategic investments in disruptive technology companies, has recognized the immense potential of FinanceKaart.com’s business model.

By partnering with Pontaq Ventures, FinanceKaart.com gains access to invaluable industry insights, mentorship, and strategic guidance to propel its growth trajectory.

Additionally, Software Technology Parks of India (STPI),  under the Ministry of Electronics and Information Technology, Government of India, has recognized FinanceKaart.com’s potential to catalyze innovation in the fintech sector. STPI’s investment not only validates FinanceKaart.com’s vision but also highlights the company’s commitment to advancing financial inclusion and digitization in India.

“We are thrilled to have secured this investment from Pontaq Ventures and Software Technology Parks of India,” said, Ganga R. Gupta, Founder & CEO of FinanceKaart.com. “This funding will enable us to accelerate our expansion plans, enhance our technological capabilities, and further strengthen our position as a leading player in the online financial services space. We are committed to empowering our users with accessible and innovative solutions that simplify their financial journeys.”

FinanceKaart.com is committed to utilizing the investment to drive product development, expand its service offerings, and optimize user experiences. By leveraging advanced data analytics, artificial intelligence, and machine learning, the company aims to create tailored financial solutions that address the evolving needs of its users.

With this investment, FinanceKaart.com is poised to enter a new phase of growth and reinforce its position as a key player in the fintech ecosystem. The company remains dedicated to its vision of providing reliable, transparent, and inclusive financial services to individuals and businesses across India.

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