06 August 2021

Jupiter raises $45m in new funding raise

Written By FinTech Alliance in Banking

Jupiter raises $45m in new funding raise

Brazil's Nubank leads investment in the Indian neobank

 

In Brief:

The new financing round, a Series B, was co-led by Nubank with Global Founders Capital, Sequoia Capital and Matrix Partners India. 

Mirae Assets Venture also joining.

The new round values the two-year-old Indian startup, which has raised $70 million to date, at over $300 million.

The Bangalore and Mumbai-based startup is set for public launch in the coming months.

 

What does this mean?

Both Brazil and India offer huge potential markets for new digitally-led banking services. Nubank believes its experience can help Jupiter reach and exceed its potential. Though still in Beta, Jupiter already has a waiting list of 100,000 potential customers.

 

Read more

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