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FINQY bags $2M funding in bridge round

Fintech startup FINQY has bagged $2 million in funding in a bridge round from Angel Bay, India Accelerator, and private investors.

“Looking ahead, we are committed to introducing additional tools that empower a wide spectrum of financial distributors and customers, aiming to simplify financial decisions and enhance accessibility,” said Manish Aggarwal, Founder and CEO, FINQY.

Founded in 2019 by Aggarwal, a seasoned entrepreneur with over 25 years of BFSI sales experience, FINQY stands out with its unique approach to utilising technology to empower sales professionals in the insurance, credit card, and loan sectors through its innovative B2B2C business model.

Oneiric11 Gaming raises about $1M pre-Series A funding

Oneiric11 Gaming, an emerging eSports and gaming platform, has raised $1 million in a  pre-Series A funding round led by NG Family Trust and TAC Holdings, with participation from several other investors.

The startup plans to utilise the funds to expand its game development team, enhance its technological infrastructure, and increase its marketing efforts to reach a broader audience. 

The gaming company started operations in 2020 with Avneet Singh, Founder and CEO, roped in Rannvijay Singha, an actor and entrepreneur, as a key investor in 2021. 

“This investment will help us accelerate our growth and bring innovative gaming experiences to our users. With the launch of Oneiric 11, we are proud to introduce a game-changer in the industry, setting a new standard of fairness and accessibility for all,” Singh noted.

FlexiBees secures undisclosed funding in pre-Series A round led by IPV

Talent MarketPlace FlexiBees has secured undisclosed funding in a pre-Series A round led by Inflection Point Ventures. The round also saw participation from Shan M S, COO of Namma Yatri, Reema Mahajan, founder of International Women in Dubai, and other notable investors. 

The funds will be used to expand its technological infrastructure, refine its AI algorithms, and broaden its market presence to better meet the needs of both employers and talent.

“Balancing household and office responsibilities often takes a significant toll on individuals, such as new parents or those caring for ageing relatives, leading to compromises. FlexiBees addresses this by offering part-time, project-based, and remote jobs, enabling professionals to manage both their personal and professional lives effectively,” said Vikram Ramasubramaniam, Partner at Inflection Point Ventures.

FlexiBees connects vetted women professionals with part-time, project-based, and remote roles. Serving over 700 businesses, FlexiBees has a network of over 60,000 professionals.

Other news

MediBuddy brings AI-powered fraud detection system for healthcare reimbursement claims

MediBuddy has launched an AI-powered fraud detection system for healthcare reimbursement claims. 

This platform harnesses the power of artificial intelligence (AI), machine learning (ML), and data analytics to detect and prevent fraudulent claims in real-time and to aid the reimbursement process for healthcare providers, insurers, and patients.

MediBuddy’s approach can potentially cut costs by up to 20%. This is achieved through a 10% reduction via the cashless network and an additional 10% through the AI-powered system’s detection. 

It offers real-time analysis and alerts, instantly flagging suspicious activities. The system uses pattern recognition to spot common fraud indicators such as inflated amounts and duplicates and monitors user behaviour to detect anomalies.

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Propelld announces ESOP Buyback, pool increase, additional grants

Fintech firm Propelld has announced the completion of its ESOP (Employee Stock Ownership Plan) buyback, an increase in the ESOP pool, and the distribution of additional ESOPs to employees. 

The buyback, valued at Rs 7.05 crore, saw the participation of 18 employees who held vested ESOPs.

The ESOP pool has been expanded by 50%, increasing to 4,334 shares from 2,898. This expansion is aimed at attracting and retaining top talent, thereby supporting the company’s hiring strategy and rewarding high-performing employees.

In addition, Propelld granted additional ESOPs worth Rs 6.5 crore to 70 employees, based on their performance and potential.

(This article will be updated with the latest news throughout the day.)