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Eco raises $26M in a16z-led round to scale its digital cryptocurrency platform

‍Eco, which has built out a digital global cryptocurrency platform, announced Friday that it has raised $26 million in a funding round led by a16z Crypto. Founded in 2018, the SF-based startup’s platform is designed to be used as a payment tool around the world for daily-use transactions. The company emphasizes that it’s “not a bank, checking account, or credit card.” “We’re building something better than all of those...

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Finin Is The Fitbit For The Finance Industry, Says Founder Suman Gandham

For this week’s startup column, Analytics India Magazine spoke to Suman Gandham, founder and CEO at Finin, to understand how the Bangalore-based fintech firm is leveraging emerging technologies to protect sensitive information as well as prevent unauthorised usage. Founded in 2020 by Suman Gandham and Sudheer Maram, Finin is a consumer-facing neo-banking solution.  Finin implements hyper-personalised solutions, smart & relevant...

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Indonesian logistics startup SiCepat raises $170 million Series B

SiCepat, an end-to-end logistics startup in Indonesia, announced today it has raised a $170 million Series B funding round. Founded in 2014 to provide last-mile deliveries for small merchants, the company has since expanded to serve large e-commerce platforms, too. Its services now also cover warehousing and fulfillment, middle-mile logistics and online distribution. Investors in SiCepat’s Series B include Falcon House Partners;...