Dubai blockchain investor O1ex backed the London neo bank in its latest round.
"India has tremendous potential in its fintech sector. We believe that the next big evolution in the Banking and Crypto space can actually happen from India. Hence, we have been actively working on developing products, working on our infrastructure, and recruitments to power our entry into the Indian market. Apart from India, we will also tap into the African and Caribbean market."
The London-based fintech secured £7.5m to scale its over-the-top buy now, pay later platform.
"Our unique over-the-top approach to BNPL has been built out of our strong knowledge for instalment cards in developing economies such as South Africa and South America amongst others. We combine the benefits of instalment and card products to offer the best way for our customers to pay overtime, anywhere. We believe that this generation should be able to responsibly have what they want, when they want without being financially penalised for the privilege."
The Series A round will fund international expansion and follows the confirmation of Brian Lesser as Executive Chairman.
"InfoSum is providing the industry with a decentralized marketing infrastructure that removes all privacy, identity and trust barriers, enabling seamless data connectivity across companies."
The rental deposit lender raised capital through a loan note with backing from Passion Capital, Truesight, and the UK government Future Fund.
"We were in the middle of raising our seed round when COVID hit and fund raising largely paused as investors re-assessed, recalibrated and got used to a Zoom-first world,"