Web browser Opera to buy digital challenger Fjord Bank - FinTech Futures

#fintech #acquisitions #neobanks #challengerbanks #digitalbanks #mergersandacquisitions

Opera , a freeware web browser founded in Norway, intends to buy Lithuania-based fintech start-up Fjord Bank.

The digital challenger was founded in 2017 by Norwegian and Swedish investors Svein Ovrebo, Joakim Mandorsson and Stig Myrseth.

The deal, agreed in May, saw Opera acquire a 9.9% interest in Fjord Bank via a share subscription on 3 July 2020. The acquisition of the remaining 90.1% of Fjord Bank is pending regulatory approval.

In December 2019, the digital challenger landed a specialised bank licence from the European Central Bank (ECB).

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Web browser Opera to buy digital challenger Fjord Bank - FinTech Futures

Opera, a freeware web browser founded in Norway, intends to buy Lithuania-based fintech start-up Fjord Bank. The digital challenger was founded in 2017.

Parking Spot Reservation Platform ParkSmart raises INR 1.5 CR from ah! Ventures and Marwari Angels

#startups #fundingalert #startupfunding #parking

ParkSmart , a parking spot reservation platform founded by graduates from IIT Delhi, Rahul Gupta, Ratan Anmol Sethi, Rishabh Nagpal, Prateek Garg and Vishva Sharma, has raised INR 1.5 CR through ah! Ventures angel platform. The Marwari Angels also participated in this round. This is ah! Ventures 57th investment taking its total investment portfolio to INR 178 CR with 9 exits till date.

Founded in 2019, ParkSmart allows its customers to search, reserve, and pay for a parking spot through a mobile application. It also provides #IoT based smart parking solutions for malls, hospitals, institutes, corporates, etc.

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Parking Spot Reservation Platform ParkSmart raises INR 1.5 CR from ah! Ventures and Marwari Angels

ParkSmart, a parking spot reservation platform founded by graduates from IIT Delhi has raised INR 1.5 CR through ah! Ventures angel platform. Marwari Angels also participated in this round. This is ah! Ventures 57th investment taking its total investment portfolio to INR 178 CR with 9 exits till date.

Hyderabad Based eCommerce Startup 'IncNut Digital' Raises $4 Million In Series A Funding

#startups #fundingalert #startupfunding #ecommerce #beauty

eCommerce startup IncNut Digital has raised $4 million in its Series A round. The funding round was led by early-stage consumer-centric venture capital fund, RPSG Ventures.

Founded by Chaitanya Nallan, Veerendra Shivhare, and Sangram Simha in 2011, IncNut Digital is a Hyderabad-based eCommerce startup that owns and operates two women-centric digital media platforms – Stylecraze and Momjunction.com.

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Hyderabad Based eCommerce Startup 'IncNut Digital' Raises $4 Million In Series A Funding

eCommerce startup IncNut Digital has raised $4 million in its Series A round. The funding round was led by early-stage consumer-centric venture capital fund, RPSG Ventures. The startup plans to use the funding amount to strengthen and expand the Research and Developments labs.

From Rs 40 lakh to Rs 6 crore, the startup FreshWrold is modernising the way we buy fruits and vegetables

#vegetables #fruits #vendingcart #startups

What if there was a pushcart vendor with battery-operated rickshaw designed to hold fruits and vegetables, which accepts digital payments, has a POS machine to capture orders, and has an app that could update the delivery routes?

This is what FreshWorld. has been doing for eight years now. The Bengaluru-based startup was founded by Rajiv Rao, a senior corporate executive, who gave up a well-paying job to build the future of consumption. Freshworld claims to have served over 50,000 loyal customers till now.

FreshWorld. uses GPS-equipped carts and ensures the customers are served on time. The startup has culled out the traditional fixed POS environment, ported it onto an Android tablet with a billing app, and provides a digitised bill for every transaction. The startup informs customers by way of SMS on time, variety, and price.

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From Rs 40 lakh to Rs 6 crore, this startup is modernising the way we buy fruits and vegetables

We all love eating farm-fresh fruits and vegetables. But sometimes, the vendor doesn't show up, or we miss out on them by a few minutes, or we just don't have the exact change in cash.