Investments, News

#Fundingwire: Deal4Loans Raises $15M from Franklin Templeton & More


Shown above: Puru Vashishtha (left) and Rishi Mehra(right) Founders, Deal4Loans

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Deal4Loans, NiYO, Skycure and Tax2Win

Deal4Loans Raises $15M Funding from Franklin Templeton

Deal4Loans has received $15 million in funding from Franklin Templeton International Services(India). Deal4Loans led by Rishi Mehra and Puru Vashishtha was founded in October 2015. It works with most of the India’s largest banks across multiple products including, Home loans, Personal loans, Credit cards, Business loans and Loans against Property.

The company plans to expedite its technological resources and the freshly minted money to develop a new platform for wealth management and investment product related services in partnership with investor. Read More

NiYO Solutions Secures $1M From Prime Venture Partner

NiYO Solutions, a payroll and benefits startup has raised $1million by venture capital firm, Prime Venture Partners. The Bangalore-based fintech startup will enable a pay raise of up to 10% for 10 million salaried Indians.

NiYO Solutions will use the raised funds to expand its tech and sales team to 40 in the next six months. Currently, it follows an invitation only model, and claims to give a 10% pay raise to its client’s employees with the help of HRM software and banks. NiYO Solutions was founded in 2015 by Vinay Bagri, IIM Calcutta alumni and mobile application and payments expert, Virender Bisht. Read More

Skycure Closes $16.5M in Series B Funding

Skycure, a start-up that helps companies protect their employees’ office phones from security threats, has raised $16.5 million in a second round of funding led by Foundation Capital. Skycure had raised $8 million in March last year, preceded by a seed round of $3 million in November 2012.

Founded by two Israeli intelligence veterans Sharabani and Yair Amit in 2012, Skycure has developed mobile applications for iOS and Android platforms. Read More

Tax2Win Raises $1M Funding

Tax2Win, a startup which helps users to file their income tax return, has raised $1 million funding from an unnamed business house. The Jaipur-based startup was founded by Chartered Accountants Abhishek Soni (co-founder) and Vertika Kedia (co-founder), and  Shishant Todi (CTO).

The company has around 40 employees and claims to have over 10,000 users. The startup will use the money for marketing, research and upgrading its technology. Read More

Image Source: Deals4Loans

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