Vantage Point by EMVC - Apr 18 2025
Updates to keep up with the latest in fintech from our vantage point.
Welcome back,
This week, KFin Technologies acquired Singapore based Ascent Fund Services. Home First Finance raised $146mm. Cornerstone Ventures invested $12mm in OfBusiness. CleverTap acquired rehook.ai. There is also an interesting weekend read from Goldman Sachs.
From the team at Emphasis Ventures.
If you’re a fintech startup or thinking about starting up, we’d like to meet you. At Emphasis Ventures, we’ve worked with founders of Slice, M2P, Khatabook, Bureau and many others from their early days.
KFin Technologies acquired a 51% stake in Ascent Fund Services for ~$35mm. This will enable KFin to expand into fund admin and offshore fund management businesses.
Warburg Pincus backed Home First Finance raised $146mm from IFC, Fidelity International, Goldman Sachs and others. The lender had $1.4Bn in assets under management.
B2B commerce marketplace OfBusiness raised $12mm led by Cornerstone Ventures. This comes ahead of the company's $1Bn potential IPO planned for later this year.
Consumer engagement and loyalty platform CleverTap acquired YC backed rehook.ai for an undisclosed amount. The acquisition will help CleverTap expand its presence in gaming, retail, and financial services sectors.
Weekend read by Goldman Sachs: India - Structural Strength and the Case for a Standalone Allocation. "....India is among the few large global economies projected to see 6%-7% real GDP growth over the next few years, driven by many factors, from digitization and favorable demographics to manufacturing and infrastructure build outs..."
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