MobiKwik's Q2 FY25 results signal a strong push toward profitability, with revenue soaring 43% year-over-year to ₹291 crore and net losses halving to ₹3.5 crore. Driven by robust growth in payment services and an expanding user base, the fintech giant is on track to solidify its position in the digital payments sector.
Curie Money, a Bengaluru-based fintech startup, has raised $1.2 million in seed funding led by India Quotient. The startup combines mutual fund investments with traditional savings accounts, offering users up to 7.3% annual returns while maintaining instant payment capabilities. With partnerships like YES Bank and ICICI Prudential Mutual Fund, and approval from NPCI to offer UPI services, Curie Money aims to revolutionize banking. The funds will fuel product development, team expansion, and growth into current accounts and MSME markets, solidifying its position in India’s dynamic fintech ecosystem.
CredFlow has raised $3.7 million in pre-Series B funding led by Inflexor Ventures. The funds will accelerate its lending arm, CredFlow Finance, and scale its SME-focused solutions, including KuberX, a credit-scoring app. With this strategic investment, CredFlow is poised to transform financial management for SMEs in India.
Groww’s $160M tax payment as it shifts its headquarters from the U.S. back to India signals a larger wave of startup relocations. Amid India’s booming IPO market and favorable regulations, many startups are choosing to return, driven by the promise of better growth opportunities and regulatory alignment.
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.
