FinBox, CalTier, Helicap, and Anfin

At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.

FinBox raises $15m

Indian fintech FinBox has raised $15 million in a funding round led by A91 Partners, with participation from Aditya Birla Ventures and Flipkart Ventures.

Existing investor Arali Ventures also participated in the round.

FinBox says it will use this capital to scale its offerings and expand to South East Asia and also double its current workforce to power the expansion.

Started in 2017 and based in Bengaluru, FinBox’s technology enables any digital platform (both fintech and non-fintech) to launch digital credit products such as BNPL, personal loans, working capital loans and invoice financing.

The company says its data products “provide the requisite intelligence to make optimum credit decisions”.

US-based fintech crowdfunding platform CalTier announced the launch of its $5 million Series A funding round.

The funding round follows the close of its $1.1 million seed round in May 2022.

This next round of funding will help us improve our platform and get the CalTier service out to the masses,” says Matt Belcher, founder and CEO of CalTier.

He estimates the industry to be worth at least $3 trillion.

“We are building a platform and community to allow them to gain access to really hard to reach opportunities such as cash-flowing multi-family real estate from as little as $500.”

CalTier provides everyday investors “the opportunity to invest into cash-flowing real estate that is traditionally extremely difficult to participate in and often reserved for a select group of accredited investors only”.

It claims to have over 8,000 users on its platform.

Helicap raises $5m

Private investment fintech platform Helicap has raised $5 million in a strategic funding round led by Tikehau Capital and PhillipCapital.

Helicap says the new money will enable it to achieve its goal of democratising access to private markets and becoming the dominant digital private investment platform in Southeast Asia.

Jean-Baptiste Feat, global co-CIO of Tikehau Capital and Grace Tang, executive director at Phillip Private Equity, will join Helicap’s advisory team.

At Helicap, our vision has always been to provide liquidity to alternative lenders with the mission of enabling financial access for millions of underbanked MSMEs,” says David Wang, Helicap Group CEO.

“Over the coming months, we will be expanding our suite of data-driven products and services to establish Helicap as the go-to private financing arranger in Southeast Asia.”

Vietnam-based fintech Anfin has secured $4.8 million in a pre-Series A funding round.

The round was led by Y Combinator and Tech Invest. Also participating were Rebel VC, Kharis Capital, Newman Capital, First Chek Ventures, Micro Ventures, Springcamp and AngelHub.

Founded and launched in 2021, Anfin is a fintech company that offers wealth management and brokerage products through its investment app, with an aim to “democratise” access to stocks, bonds and structured investment products.

Anfin plans to deploy the newly raised funds into building out its product offerings.

Earlier this year, Anfin onboarded Saigon Asset Management (SAM) as an equity investor and a strategic partner.