Vantage Point by EMVC - May 2 2025
Updates to keep up with the latest in fintech from our vantage point.
Welcome back,
This week, InCred Financial Services is in talks for a $470mm IPO. Perfios acquired IHX for an undisclosed amount. Metafin raised $10mm led by Vertex Ventures. There is also an interesting weekend read from Financial Times.
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.
KKR backed InCred Financial is in talks for a $470mm IPO. Reportedly, the lender has $1.25Bn in assets under management.
Warburg Pincus-backed Perfios acquired IHX for an undisclosed amount. This will enable the fintech SaaS provider to expand the health insurance claims management offering while opening a network of 30K hospitals and 30 insurers for the company. IHX reportedly processes 10mm transactions annually, representing $1Bn in claim value.
Renewables financing startup Metafin raised $10mm in debt and equity led by Vertex Ventures. The company is focused on funding solar projects for SMBs and rural households in India.
Weekend read: Apple aims to source all US iPhones from India in pivot away from China. "...The push builds on Apple’s strategy to diversify its supply chain but goes further and faster than investors appreciate, with a goal to source from India the entirety of the more than 60mm iPhones sold annually in the US by the end of 2026. The target would mean doubling the iPhone output in India..."
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