visimoney
TLDR:
Key Points:
- Cedar Capital, a FinTech-focused venture capital fund, has marked the First Close of its debut fund at Rs 240 crore ($30 million).
- The fund will focus on BankTech and B2B FinTech business models targeting the core technology stacks of Banks, Insurers, NBFCs, and other Financial Services players.
Sahil Anand-led Cedar Capital has successfully raised commitments from leading family offices and institutional investors in India and the Middle East. The fund will invest in around 15 early-stage BankTech-focused startups in their Seed-Series A rounds and aims to bring more than just capital by leveraging Cedar-IBSi’s global consulting teams, FinTech Lab, and research capabilities. The fund’s advisory board consists of industry stalwarts to oversee governance and fund strategy.
The fund’s unique competitive edge lies in its ability to provide tangible value to Founders and portfolio companies beyond just financial investment, making it an attractive option for early-stage startups in the BankTech and B2B FinTech space.
