Rwandan Fintech Kayko Raises $1.2M Seed to Digitize Informal Merchants, Unlock Lending Access – Tech In Africa
Kigali-based fintech Kayko has secured USD 1.2 million in seed funding as it works to digitise the day-to-day operations of…
Tag: unlock
Rwandan Fintech Kayko Secures $1.2M Seed Funding to Unlock SME Access to Finance – TechAfrica News
The new funding will allow Kayko to strengthen its infrastructure, expand data-driven lending and credit scoring, and convert everyday business…
Bangladesh can unlock new growth with ethical, data-ready AI: Salesforce MD
For nearly three decades, Arun Kumar Parameswaran has worked across multiple regions, building a career that mirrors the rapid global…
Indian Startup News on Instagram: “Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans, and partnering with 30 companies over 4.5 years. Co-founder and CEO Aditya Kumar shared the update on LinkedIn, expressing surprise at the closure. “As a first-mover that saw scale quickly, I did not see this coming. We had done impossible: hired incredible teams, raised high-quality capital, while convincing large consumer internet platforms and industry-leading lenders to work with us to unlock value at scale,” he wrote. Niro reached $100 million in assets under management (AUM) within 24 months of launch and saw over 170 million users flow through its platform at its peak. However, Kumar cited regulatory pushback on personal lending, capital constraints, and challenges in pivoting business models as key reasons for the shutdown. #business #shutdown #entrepreneur #lending #startups #news #bengaluru #indianstartupnews”
Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans,…