In addition to Clix Capital and Terraview, we also have updates from Revolut and JD Digits

Clix Capital announces US$40M fresh fund – Press Release

India-based Clix Capital today announced its latest round of capital infusion of US$40 million from its existing investors AION Capital Partners Ltd as well as its promoters Pramod Bhasin and Anil Chawla.

In a press statement, the company stated that strong focus on technology and strategic partnerships has helped Clix scale up and expand its footprint to four million customers in a short span of three years.

Augmenting its original capital base of US$250 million, the latest round of funding will be used to expand the business across its varied segments especially consumer finance and digital platforms. Clix has a presence across 12 cities in India and envisages deeper penetration in these markets.

Terraview raises US$815K in Series A – Livemint

Singapore-based intelligent viticulture startup Terraview raised US$815,000 in its Series A funding round, Livemint reported.

The funding round is led by Flipkart co-founder Binny Bansal, Flipkart Group CEO Kalyan Krishnamurthy, Udaan co-founder Sujeet Kumar, and Tanglin Venture Partner.

The round also saw participation from Cure.Fit co-founder Ankit Nagori and Dineout COO Abhishek Sharma.

Founded in 2019, Terraview uses advanced image processing, machine learning, AI and augmented reality to provide information on vineyards.

It will use the funding to further research to solve problems such as fungal disease, bacterial infection, soil hydration, canopy cover and weather assessment using proprietary technology.

Also Read: Meal Temple Group launches its ride-hailing app DriveUp in Laos capital Vientiane

Revolut expands globally, hiring 3,500 staffs – Reuters

British-based digital banking app Revolut is set to hire around 3,500 staff as it expands into 24 new markets, including Singapore, Reuters wrote.

The expansion was made possible with a partnership with Visa Inc.

From its current markets of Europe and Australia, Revolut will enter the US and Singapore by end of the year, followed by Canada and Japan. It is also looking forward to entering other Latin American and Asian markets.

Former Yirendai CEO joins JD Digits – Kr. ASIA

JD Digits has appointed former Yirendai CEO Fang Yihan as its CEO, Kr. ASIA reported.

The fintech arm of Chinese e-commerce giant JD will join Dongrich, its subsidiary that provides wealth management products for affluent Chinese families.

Yirendai announced in its earnings release in July that Fang has resigned due to personal reasons.

CreditEase Founder and CEO Tang Ning filled in his position since then.

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Image Credit: Ibrahim Rifath on Unsplash

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