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Stashfin Gets $270M in Series C;  Leap Bags $75 Million in Series D

In what comes to hamper the fintech ecosystem, the Reserve Bank has banned the loading of prepaid payment instruments such as wallets and prepaid cards using lines of credit. fintechs offering pay later facilities using this route will have to abandon this practice. Startup Street sat down with Akshay Sarma, CFO of Capital Float, to discuss the impact of the new RBI circular on fintech players.

A Singapore-based neo-banking platform, Stashfin has raised $270 million in a Series C funding round led by global investors including Uncorrelated Ventures, Fasanara Capital and Abstract Ventures. Existing investors Altara Ventures, Kravis Investment Partners and snow leopard also participated in the round. Stashfin will use the funds to expand its presence in Southeast Asia and upgrade its technology for new products. Startup Street spoke with Stashfin Founder and CEO, Tushar Aggarwal and Francesco Filia, Fasanara Capital Co-Founder and CEO.

Foreign education company Leap has raised $75m in Series D funding. Startup Street sat down with LeapScholar co-founder Arnav Kumar to understand the changing trends among Indian students heading to study abroad. overseas and its impact on the company’s growth plans.

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