Topic

fintech

The image shows a promotional banner for "AI-Powered Bookkeeping." It features a smiling robot holding a paper, along with symbols of a calculator and financial document, emphasizing automation in financial tasks.

Febi.ai Raises $2M to Boost AI-Powered Accounting Solutions

Febi.ai, a cutting-edge platform for accounting and bookkeeping, has raised $2 million in its pre-Series A round, co-led by Lumis Partners, former JP Morgan executive Virender Rana, and Lenskart co-founder Amit Chaudhary. Additional investors include Padmaja Ruparel (Indian Angel Network), Rohan Bhargava (Cashkaro), and Rajat Jain (Fino Payments Bank). The funds will be used to boost Febi.ai’s AI capabilities for automating accounting and tax compliance, expand customer acquisition efforts, and grow its workforce. Founded in 2022, Febi.ai provides real-time insights to startups and medium-sized businesses, offering effective documentation management and compliance solutions. As part of India’s rapidly expanding AI sector, Febi.ai joins other startups leveraging AI to revolutionize financial operations.

A promotional banner for CRED Money. The left side features a green circular logo with "CRED" above "MONEY" in bold, three-dimensional text. The background has intricate green wave patterns. The right side displays six smartphone screens showcasing different financial management interfaces of the CRED Money app, including balance overviews, transaction details, a pie chart of expenses, recurring payments, and notifications of received money. The overall design is clean and modern, emphasizing the app's user-friendly and comprehensive financial management features.

CRED Unveils CRED Money: Streamlined Financial Insights Tool

CRED, a leading Indian fintech startup, has introduced CRED Money, a new feature designed to consolidate and analyze users' financial data across multiple bank accounts. This tool provides a unified dashboard for tracking transactions, recurring payments, and investments, while offering reminders and categorization options to streamline financial management. Leveraging India's account aggregator framework, CRED Money enhances transparency and user control over personal data. Although the feature is not monetized, it uses advanced data science algorithms to deliver actionable insights, helping users identify spending patterns and optimize their finances. This initiative reflects CRED's commitment to improving financial management for its affluent user base.