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[Funding alert] Qapita raises $5M in pre-Series A round led by MassMutual Ventures
SaaS startup Qapita will use this round of funding for product development and market expansion
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has raised $5 million in a pre-Series A round of funding led by MassMutual Ventures.
The round saw participation from Endiya Partners and angel investors such as Udaan co-founder Sujeet Kumar, and Anjali Bansal, founder of Avaana Capital.
This pre-series A round also saw participation from existing investors Vulcan Capital and East Ventures along with angel investors who participated in the seed round in September 2020.
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According to a statement, this fresh funding will be used by Qapita to add engineering talent, accelerate product development and build clientele in India, Indonesia and Singapore.
This neobank tech startup’s AI platform offers personalised service to users
Neobank tech startup UNObank promises to change the rules of digital banking through its AI platform to make banking more personalised, catering to each individual needs.
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How about a bank telling you to be careful about a purchase you are going to make because it might lead to cash shortage at the end of the month, or being able to figure out on its own that the banking transactions on a smartphone are illegal.
This could be the new era of digital banking where all the transactions are conducted on a smartphone with a personal touch.