VC Fund Investments
Cross-border money transfer co Fable Fintech raises funds from Pentathlon Ventures, others
Mumbai-based B2B cross-border payment processing startup, Fable Fintech has raised Series A funding round led by Pentathlon Ventures, stock market investors Ashish Kacholia & Lashit Sanghvi and former Wall Street banker Sumeet Kanwar, along with participation by existing investors Paytm and Infibeam Avenues. The funds will be used to expand the company's product footprint across Asia, North America, Middle East & African markets. It will also continue to invest in new products and expand its execution capabilities. Fable Fintech provides a cross border money transfer & payment technology platform to banks, money transfer operators, MSBs (Money Service Businesses) and other licensed entities to either launch their digital remittance business in a greenfield manner or to enhance their offerings in international markets.
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