Pitch Deck Template
Startup Dubai Konnect

Fero, the neo-bank, secures debt financing from SIDBI

, By Team SNFYI
Artificial Intelligence

Share via:


News Update

Freo, the neo-bank, has secured debt financing from SIDBI, marking the financial institution’s first foray into the fintech sector. The amount of the investment remains undisclosed as Freo positions itself for rapid expansion within India’s thriving fintech landscape.

Anuj Kacker, Co-founder of Freo, expressed enthusiasm about the partnership with SIDBI, stating, “We’re extremely excited to initiate this partnership with SIDBI, marking a pivotal moment in Freo’s evolution. 

This collaboration isn’t just a significant achievement for us; it symbolizes the beginning of what we anticipate will be a long and fruitful relationship.”

SIDBI, known for its investments across various sectors including mobility, startups, and Micro, Small, and Medium Enterprises (MSMEs), manages several Fund of Funds (FoF) programmes on behalf of the Indian government and state governments. These programmes aim to bolster startups and MSMEs by investing in SEBI-registered Venture Funds and Alternative Investment Funds.

Follow Startup Story





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News
.406 Ventures secures $265M for fifth fund
Next News
Stardust Integrates with Sui, Simplifying the Onboarding Experience for Game Developers Building on Sui
Team SNFYI
Team SNFYI

Popular

More Like this

Load more

Fero, the neo-bank, secures debt financing from SIDBI

, By Team SNFYI
Artificial Intelligence


News Update

Freo, the neo-bank, has secured debt financing from SIDBI, marking the financial institution’s first foray into the fintech sector. The amount of the investment remains undisclosed as Freo positions itself for rapid expansion within India’s thriving fintech landscape.

Anuj Kacker, Co-founder of Freo, expressed enthusiasm about the partnership with SIDBI, stating, “We’re extremely excited to initiate this partnership with SIDBI, marking a pivotal moment in Freo’s evolution. 

This collaboration isn’t just a significant achievement for us; it symbolizes the beginning of what we anticipate will be a long and fruitful relationship.”

SIDBI, known for its investments across various sectors including mobility, startups, and Micro, Small, and Medium Enterprises (MSMEs), manages several Fund of Funds (FoF) programmes on behalf of the Indian government and state governments. These programmes aim to bolster startups and MSMEs by investing in SEBI-registered Venture Funds and Alternative Investment Funds.

Follow Startup Story





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News
.406 Ventures secures $265M for fifth fund
Next News
Stardust Integrates with Sui, Simplifying the Onboarding Experience for Game Developers Building on Sui
Team SNFYI
Team SNFYI

More like this

Indian edtech unicorn Vedantu cuts losses by 58%

Tech Tech In Asia -
It was supported by a 21% increase in...

Trump nominates Stephen Miran as Council of Economic Advisors...

Blockchain Cointelegraph -
"I'm a huge believer in innovation, in powering...

Haven’t picked up your holiday gifts yet? Apple now...

Tech 9to5mac -
From now through December 24th, Apple will be...
Load more

Popular

Upcoming Events

View all
Event Updates

Startup Information that matters. Get in your inbox Daily!

Subscribe

StartupNews.fyi

Subscribe

© 2024 StartupNews.fyi | DOTFYI Media Ventures Private Limited. All Rights Reserved.

StartupNews.fyi

StartupNews.fyi is India's leading news & Technology media company that focuses on Startups in India and to stories across the globe.

© 2024 StartupNews.fyi | DOTFYI Media Ventures Private Limited. All Rights Reserved.