PE-VC Fund Investments
NRI-focussed fintech co. Belong raises $5-M led by Elevation Capital
Fintech startup Belong , which is building a financial platform for non-resident Indians (NRIs), has raised USD 5 million in a funding round led by Elevation Capital. The round also saw participation from Relentless Ventures and angel investors, including Abhiraj Singh Bahl and Varun Khaitan (co-founders of Urban Company), Akshant Goyal (CFO, Zomato), Varun Alagh (co-founder of Mamaearth), Vineet Sethi (senior vice president at PayU), and Aditya Sharma (partner, McKinsey).Belong plans to use the capital to acquire regulatory licences, build out its product suite, and invest in marketing and geographic expansion.Founded in 2024 by Sai Sankar M, Ankur Choudhary, Savitri Bobde and Ayush Singh, Belong has launched its operations with a USD fixed deposit product built in partnership with Indian banks operating at Gift City.
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