IT product enterprise BeyondSquare Solutions has raised $4 million in a Series A funding round led by Avant Global Corporation. In separate developments, Pelocal has raised $5 million in Series A funding while InCred Money has raised nearly $30 million from a clutch of investors.
Avant leads funding in BeyondSquare
IT product enterprise firm BeyondSquare Solutions has raised $4 million in Series A funding round led by Avant Global Corporation, per an announcement.
The investment will be executed in three stages, beginning with the issuance of new and convertible shares, followed by additional subscriptions from existing shareholders, and the conversion of warrants upon achieving defined performance milestones.
The funds will be used to strengthen FinAlyzer’s core capabilities by expanding automation, deepening compliance intelligence, and enhancing scalability for enterprises with complex reporting structures.
UNLEASH, others leads funding in Pelocal
Mumbai-based fintech startup Pelocal has raised $5 million in a Series A funding round led by UNLEASH Capital Partners, Unicorn India Ventures, with participation from angel investors.
Founded in 2021, Pelocal enables enterprises to acquire, engage, and collect from customers directly within WhatsApp. The OTT chat platform serves more than 700 million active users in India. The startup currently serves over 40 large enterprises across banking, transit, and utilities, delivering services to over five million monthly users.
“Our vision is to bring last-mile payments to the masses via WhatsApp by leveraging AI and advanced technologies. This fundraise enables us to execute that mission, and we’re thrilled to have the support of investors who share our conviction,” said Vivekanand Tripathi, founder and CEO, Pelocal.
InCred Money raises $30m
InCred Money, the wealth and asset management arm of InCred Group, has raised nearly $30 million (Rs 250 crore) from a clutch of investors, including Manipal Group chairman Ranjan Pai, former Deutsche Bank executive Ram Nayak, Mankind Family Office, MMG Family Office, Ravi Pillai Family Office, and Raj Vattikutti Foundation, among others, Entrackr reported.
InCred Holdings has raised fresh capital as it moves closer to its planned public market debut. As reported by Entrackr, the company is preparing for an IPO with a total issue size estimated between $460 million and $560 million. This includes a fresh issue worth Rs 1,500 crore and a pre-IPO placement of Rs 300 crore.
The InCred Group operates three core businesses: InCred Finance, a retail and MSME-focused NBFC; InCred Capital, which offers wealth and asset management, M&A advisory, capital markets services, and broking; and InCred Money.
