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Today: Jun 13, 2024

Cedar Capital’s First Close on FinTech Venture Capital Fund. BankTech focus.

1 min read

TLDR:

  • Cedar Capital has marked the First Close of its debut FinTech Venture Capital fund.
  • The fund will focus on BankTech and B2B FinTech business models targeting the core technology stacks of Banks, Insurers, NBFCs, and other Financial Services players.

Cedar Capital, led by Sahil Anand, has successfully closed the first round of its Rs 240 crore ($30 million) early-stage fund, attracting interest from leading family offices and institutional investors in India and the Middle East. The fund, structured with a classic LP-GP model, aims to invest in around 15 early-stage BankTech-focused startups in their Seed-Series A rounds, with a focus on backing seasoned entrepreneurs building solutions in the area of BankTech. Leveraging Cedar-IBSi’s global consulting teams, research, and in-house FinTech Lab, the fund aims to add value beyond capital to its portfolio companies. With a strong competitive edge and industry stalwarts on its advisory board, Cedar Capital is poised to provide unique opportunities for growth and success in the FinTech space.

For more information, you can visit the original article here.