Infinity: Business banking platform Infinity secures maiden funding from Y Combinator and others

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Bengaluru-based business banking platform Infinity has secured $1.9 million (about Rs 16 crore) in equity funding from Y Combinator, Liquid 2 Ventures, Script Capital and angel investors such as Alan Rutledge, Justin Hamilton and Samvit Ramadurgam.

Infinity focuses on businesses engaged in cross-border sales, helping them receive international payments as they sell their products and services globally.

The startup was founded in 2023 by two brothers, Sourav and Sidharth Choraria, who were part of US-based early stage accelerator programme Y Combinator’s 2024 batch. Y Combinator has backed other Indian fintech startups such as Groww, Razorpay and Clear.

Sourav Choraria passed out of NIT Tiruchirappalli in 2013 and worked for MuSigma, Paytm Money and others, while Sidharth Choraria graduated from BITS Mesra and worked for Amazon and Instawork before starting Infinity.

“Global business banking is complex. Challenges like high costs, compliance hurdles and lack of pricing transparency make it even harder. Our mission is to simplify these processes and make international transactions effortless,” said Sourav Choraria, cofounder, Infinity.


In addition to payments, Infinity provides a treasury management solution to help businesses maximise returns on idle cash. It helps businesses invest their cash in low-risk liquid assets instead of keeping it idle in their bank accounts.

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“Our vision is to become a full-fledged digital bank focused on facilitating exports and imports, empowering Indian small businesses to expand globally right from the start. Applying to the central bank for a payment aggregator-cross border licence is part of the roadmap,” said Sidharth Choraria.



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Infinity: Business banking platform Infinity secures maiden funding from Y Combinator and others


Bengaluru-based business banking platform Infinity has secured $1.9 million (about Rs 16 crore) in equity funding from Y Combinator, Liquid 2 Ventures, Script Capital and angel investors such as Alan Rutledge, Justin Hamilton and Samvit Ramadurgam.

Infinity focuses on businesses engaged in cross-border sales, helping them receive international payments as they sell their products and services globally.

The startup was founded in 2023 by two brothers, Sourav and Sidharth Choraria, who were part of US-based early stage accelerator programme Y Combinator’s 2024 batch. Y Combinator has backed other Indian fintech startups such as Groww, Razorpay and Clear.

Sourav Choraria passed out of NIT Tiruchirappalli in 2013 and worked for MuSigma, Paytm Money and others, while Sidharth Choraria graduated from BITS Mesra and worked for Amazon and Instawork before starting Infinity.

“Global business banking is complex. Challenges like high costs, compliance hurdles and lack of pricing transparency make it even harder. Our mission is to simplify these processes and make international transactions effortless,” said Sourav Choraria, cofounder, Infinity.


In addition to payments, Infinity provides a treasury management solution to help businesses maximise returns on idle cash. It helps businesses invest their cash in low-risk liquid assets instead of keeping it idle in their bank accounts.

Discover the stories of your interest


“Our vision is to become a full-fledged digital bank focused on facilitating exports and imports, empowering Indian small businesses to expand globally right from the start. Applying to the central bank for a payment aggregator-cross border licence is part of the roadmap,” said Sidharth Choraria.



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.

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