NeoBenk Ventures Sets up $10 Million (Rs7.5 Crore) for Indian Startups in Digital Payments.(NeoBenk)
NeoBenk Ventures Sets up $10 Million (Rs7.5 Crore) for Indian Startups in Digital Payments.(NeoBenk)

NeoBenk Ventures offers USD10 million fast funding to Indian startups in a time of uncertainty

NeoBenk Ventures, the strategic investment arm of NeoBenk, on Monday said it sets up $10 million (about Rs 7.5 crore) for Indian startups in digital payments.
UPDATED ON NOV 06, 2020 05:11 PM IST

Zurich, Switzerland & Bangalore, Karnataka, India – Business Wire India

NeoBenk Ventures (www.neobenk.com), the strategic investment arm of the multinational financial institution, NeoBenk, on Monday said it sets up $10 Million (about Rs7.5 Crore) for Indian startups in digital payments.

NEWS HIGHLIGHTS

•NeoBenk confirms a total reward distribution of $1 Million (about Rs750 Lakh) for celebrating its official launch on 20th November. Any customer who joins NeoBenk before 20th November will take part in the reward distribution.

•NeoBenk, a Worldwide Digital Payment Corporation, on Monday said it sets up $10 Million (about Rs7.5 Crore) for Indian Startups in Digital Payments. For more information, please visit, https://neobenk.com/intl/partners

•NeoBenk announced recently that it is setting up an investment of $10 Million (about Rs7.5 Crore) in the Indian market of its global investment program of $50 Million (about Rs37.5 Crore).

As investors get cautious about dealmaking in India amid the coronavirus outbreak and their appetite for funding early stage startups are evaporating, NeoBenk Ventures is stepping up to make that void smaller with its NeoBenk Global Partners Program. This venture firm is offering fast funding to startups and businesses in a time of uncertainty seeking to build successful startups in the region and also help in the mass adoption of digital currencies by facilitating local partnerships.

The growing adoption of digital payments and digital representations of value in the country, especially during the Covid-19 pandemic, has necessitated the need for digital services more accessible to more people by arming them with the products and services they need to reduce financial stress.

Under the new strategy of investment, the venture firm will target currency exchanges, money service businesses, and payment and remittance solutions of India to offer a safer, faster, and more convenient payment experience for NeoBenk customers and help drive incremental access to Digital Assets.

“We are investing in startups and businesses operating in a wide range of financial services and planning to continue this strategy and add more areas of interest.” said Indranil Sinha, President of NeoBenk, in an interview with FMS International.

Any startups or businesses can apply for fundraising through NeoBenk’s Global Partners Program, and NeoBenk Ventures will engage with them virtually and conclude whether they want to invest within 20 days. For more information, please visit, https://neobenk.com/intl/partners

Let us know the thoughts about NeoBenk’s banking solutions for digital assets holders in India through an email at feedback@thefms.com.

About FMS International

FMS is the Financial Management & Marketing Services Corporation on a mission to create trusted relationships between people, brands, and governments. For more information, visit thefms.com.

About NeoBenk

NeoBenk, a technology-driven financial services company founded on Swiss and Hong Kong financial heritage operating globally — offers various products, including high interest-bearing personal accounts, business accounts, Line of credit, peer-to-peer payments, crypto trading, and more. NeoBenk is the easiest place; whether you move it, save it, send it, receive it or spend it, NeoBenk is here to get your money where you want it, when you need it, 24-7.

For more information and updates, visit neobenk.com or follow NeoBenk on Twitter, Facebook, and Medium.

About NeoBenk Partners

NeoBenk Partners is a subsidiary of NeoBenk, operating as an independent entity responsible for making the NeoBenk mission a reality to enable a full range of financial solutions and infrastructure that empowers millions of people.

About NeoBenk Ventures

NeoBenk Ventures is a venture capital fund and a subsidiary of NeoBenk and invests in currency exchanges, money service businesses, and payment and remittance solutions.

FMS Media Contact

media@thefms.com

NeoBenk Partners Contact

partners@neobenk.com

NeoBenk Ventures Contact

ventures@neobenk.com

Mailing Address

Dufourstrasse 49

8008 Zurich

Switzerland

Disclosure: The data and non-NeoBenk names are for informational and identification purposes only.

Disclaimer: This content is distributed by Business Wire India. No HT Journalist is involved in creation of this content.

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