The Weekly Wrap: all you need to know by Friday COB | February 9th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements. For Prime subscribers only.

The Big Story

Bajaj Markets, a subsidiary of Bajaj Finserv, has partnered with one of India’s credit card issuers, Rupicard. They are focused on making credit cards accessible to every Indian, irrespective of their location, income, or credit history.

Following the partnership, one can find the Rupicard credit card on Bajaj Markets. This FD-backed credit card comes with several exclusive perks that make it an ideal choice for both beginners and experienced card users.

Deals of the week

• Accounting software firm Pennylane raises €40m in Series C
• Pagaya secures $280m credit facility from BlackRock, UBS, JPMorgan Chase
• Property lender CapitalRise secures £250m bank funding line
• Cashinvoice secures $3.4m in Series A round led by HDFC Bank
• FinTech Mondu secures additional €30m debt financing
• MediConCen raises $6.85m in Series A Funding to drive global expansion
• Finally raises $10m to expand automation solutions for SMBs
• Oobit raises $25m Series A Funding led by Tether to propel crypto payments
• Tuum raises €25m Series B financing, led by CommerzVentures
• Micro Connect & HSBC sign $200m Asset-backed Loan Facility to boost MSMEs in China
• ID verification platform Evrotrust secures €3.3m in new funding

Be on the lookout for

Join us for an exclusive evening of networking and camaraderie at Cedar Capital and Cedar-IBSi FinTech Lab’s Happy Hour in Mumbai! Brought to you by the Cedar Consulting and IBS Intelligence group platform on February 23rd, 6 pm onwards.

The earlier Happy Hour in October 2023 was a spectacular success, attended by more than 70 industry leaders. These included FinTech & BankTech Founders, VC & PE Investors, CXO Executives at BFSI institutions, and Cedar-IBSi FinTech Lab Members. With an atmosphere abuzz with innovation and entrepreneurial zeal, the evening led to at least 10 new FinTech collaborations.

• Interact with Cedar Capital’s VC team on your fundraising plans
• Get to know our 7-year-old BankTech Lab and learn how to boost your GTM
• Meet Financial Services technology buyers/collaborators
• Meet other BankTech and FinTechs to explore partnership opps