FinTech news in Alpha Wave Global category

CRED is raising $140 million in a new financing round, its fourth funding in the past year and a half, as the Indian fintech startup courts millions of high credit score customers and broadens its offerings.

Bharat Founders Fund and a number of entrepreneurs, including Polygon founder Sandeep Nailwal, DeFi Pulse founder Scott Lewis, AngelList India head Utsav Somani, The Graph’s Pranav Maheshwari, and Treebo founder Rahul Chaudhary also participated in the round. It offers developers the ability to make their own NFTs interact with data feeds of their choice, which could be a web3 platform such as Chainlink or a Web 2.0 outlet like Weather.com.

Ola said on Thursday evening it has reached an agreement to acquire Avail Finance, a financial services startup that serves the blue-collar workforce, as the ride-hailing giant looks to expand its financial services offerings.

Tiger Global, which has made over 50 investments in India this year, is currently conducting due diligence to back an additional nine startups in the country, according to a person familiar with the matter.