Friday, March 29, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsStartupsFintech startup Goals101 raises $3.5 million funding from Nexus Partners in Pre-Series A Round

Fintech startup Goals101 raises $3.5 million funding from Nexus Partners in Pre-Series A Round

Follow Tech Observer on Google News
Google News

and Big Data analytics has raised a Pre-Series A funding of $3.5 million from Nexus Venture Partners. With this round of funding, Nexus becomes a significant minority stakeholder in Goals101. Goals101 was started about 2 years ago by Visham Sikand along with Co-Founders & Core Team members Milan Naik (ex-Country Head, Liberty Videocon General Insurance), Ishank Joshi (ex-Account Head, Applied Mobile Labs), Anshuman Pandey (ex-CTO & Co-Founder, Ziffi.com) & Anupam Bhat (ex-Finance Director, Airtel Africa).

The Founding Team was boosted by the entry of Raghunandan Mohapatra (ex-Global Head Digital Sales Design, Standard Chartered Bank – Global), Shyam Ramamurthy (ex-Global Head of Engineering, Yahoo.com), Jubin Mehta (ex-Executive Director, Standard Chartered Bank Malaysia) and Sankat Mochan Chauhan (ex-Mu Sigma).

Visham Sikand said, “We partnered with Nexus as they understand the metrics of this business & have a global view on their investments. The last two years of working with superbly talented minds across our Banking Partners has been fabulous. Post the round, which was a couple of months ago, the company has expanded heavily on its technology & data science capabilities and has also expanded to other potent geographies namely Malaysia, UAE, Qatar, South Africa and Kenya.”

Sameer Brij Verma, Managing Director at Nexus Venture Partners said, “We believe that Goals101 is a technology disrupter redefining next generation intelligent banking powered by transaction behaviour, location and social intelligence. Given the team and technology combination at Goals101, it's not surprising that they have already made a mark in six countries with several banks in a matter of only two years. We are excited to partner them as they embark on their next phase of expansion and growth.”

With the launch of its Custom Designed Bank Platform ‘Alpha for Banks', the company intends to make the entire banking journey far more Personalised, Automated and Delightful. Goals101 today has partnerships across 21 leading Banking Partners in Asia and solves multitude of user cases. The used case for each partner has been proven and its now working towards deeper integrations.

Visham Sikand, an alumnus of the Harvard Business School, is on his 3rd start-up, after 2 very successful boot-strapped entrepreneurial stints. His previous company was acquired by Aetna Inc. (a Fortune 50 company), post which he was their Chairman in India.

Indian fintech sector was approximately $33 billion in 2016 and is slated to reach $73 billion in 2020. It is constantly growing with the ever-changing ecosystem of customer expectations and regulators. And with such digital transformations, the banking services have seen a shift from the traditional brick-and-mortar model to a greater virtual presence. It's the turning point that has impacted the entire ecosystem of the banking industry by redefining the modes of interactions.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

How AI power struggle opens up new frontier in global geopolitics

The far-reaching influence AI has on information processing, national security, military operations, the economy, and strategic decision-making is set to reshape the geopolitical landscape and redefine the power dynamics between nations.

RELATED ARTICLES