TLDR:
- Cedar Capital marks the First Close of its Rs 240 crore early-stage fund
- AccessPay, Lloyds Bank, PayPoint, and others close funding rounds and partnerships
The Weekly Wrap published on March 22, 2024, recaps the main stories, deals, and upcoming events in the FinTech sector. Sahil Anand-led Cedar Capital has successfully closed the First Close of its Rs 240 crore early-stage fund with commitments from leading family offices and institutional investors. AccessPay, Lloyds Bank, PayPoint, MoneyGram, Micropayment, and others have closed funding rounds and partnerships to expand their offerings in the B2B and BankTech sectors.
The FinTech industry is focusing on modernization, sustainability, and AI as cornerstones for the future of corporate banking, as highlighted in a Finastra study. Global consumers are demanding more payment flexibility for cross-border shopping, with QR code payments gaining traction in the APAC region. JULO has rolled out healthcare financing across Indonesia, showcasing the growing importance of FinTech in the healthcare sector.
Join industry leaders at the exclusive networking event presented by Cedar Capital and Cedar-IBSi FinTech Lab to discuss fundraising plans, strategies for enhancing GTM, and partnership opportunities in the FinTech and BankTech space. The event promises to bring together key players from the industry for collaboration and innovation.
