FinTechFunding

zenda: Raises $9.4M in Seed Funding

zenda Raises $9.4M in Seed Funding

  • zenda, a Bengaluru, India- and Dubai, UAE-based fintech app for families, secured a $9.4M in seed funding
  • Backers included STV, COTU, Global Founders Capital, and VentureSouq
  • The funds will be used for product development and market expansion in India
  • Founded in June 2021 by Raman Thiagarajan and Haseeb Ahmed, alumni of McKinsey & Company, the company is a fintech app for families
  • The company initiated India entry and operations in Q3 2021, has grown its user base 20X since June 2021
  • With more than 40 team members now, and 2/3rds in India, the team has scaled, operating out of Bangalore, Kochi, Delhi and Dubai
Previous article
Impact Minerals: Acquires Dinninup project, WA
Next article
STENTiT: Raises €1.8M in Seed Funding
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Ethical Savings App Zero Ceases Trading Amid Financial Challenges

Zero, known for promoting ethical savings, halts operations due to financial issues.Highlights: Ethical savings app Zero has ceased...
FinTech

Wise Launches UK Current Account, Strengthening Banking Services

New offering aims to enhance financial management for UK customers.Highlights: Wise unveils its new current account service in...
FinTech

Reserve Bank of Australia Introduces Caps on Interchange Fees

New regulations aim to lower transaction costs for consumers and businesses.Highlights: Reserve Bank of Australia implements new caps...
FinTech

TPA Urges Government to Address Meta’s Role in Fraud Crisis

Trade body calls for urgent action to tackle rising online fraud linked to Meta platforms.Highlights: The TPA demands...