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PB Fintech, the parent company of insurtech platform Policybazaar, posted a consolidated net profit of Rs 60.2 Cr in the March quarter (Q4) of the financial year 2023-24 (FY24) as against a loss of Rs 9.3 Cr in the previous year’s quarter. The company turned profitable in the prior quarter – Q3 FY24. On a quarter-on-quarter (QoQ) basis, PB Fintech’s profit jumped almost 62% in Q4 from Rs 37.2 Cr posted in Q3, helped by sharp growth across its business segments. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #PBFintech #PolicyBazaar #Q4FY24 #ProfitJump #BusinessGrowth #InsurTech #FinancialPerformance #StartupNews #StartupTrak

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Skydo, a cross-border payments platform for enterprises, MSMEs and freelancers, has raised $5 million in its pre-Series A round led by existing backer Elevation Capital. Skydo’s tech-led platform offers innovative services such as real-time tracking of cross-border payments, allowing customers to monitor the entire payment journey. It supports various payment methods, including payment links, cards, and bank transfers. The platform’s savings calculator provides freelancers and exporters with insights into the hidden costs of foreign transactions. Founders: Srivatsan Sridhar and Movin Jain Follow Rise & Shine for daily funding deals. Stay ahead, stay updated with www.riseshine.in #fintech #startup #funding

It's great to see more investment in the debt sector! Payt Software has secured a remarkable €55 million investment from Partech! As a leading provider of debt management and accounts receivable software across the Netherlands and Germany, Payt’s continued innovation and expansion is a fantastic sign for the whole industry. This significant raise highlights the growing opportunity in the debt management sector and is an encouraging sign for startups working in the space, including us! At Deli, we believe that more funding and innovation will drive much-needed advancements and ensure better outcomes for consumers and businesses alike! The partnership will accelerate Payt's European expansion and introduce AI capabilities. This aligns perfectly with our vision of leveraging technology to improve how we respond to and prevent bad debt while delivering outstanding solutions for our clients in the property sector. Congrats to Sander Kamstra and the whole Payt team! #debtdeli #Innovation #DebtManagement #Fintech #Investment #Startups #Growth #debttech #rentarrears

InvoiceQ, a Jordan-headquartered SaaS company specializing in e-invoicing and integration solutions, founded in 2020 by Muhannad Tobal, Fadi Al-Jabali, Amer Ayyad, and Mohammed Baseet, has successfully secured $1.2 million in a pre-Series A funding round. The round included participation from Oasis 500, Orange VC, Flat6Labs, Natej Soft, and multiple angel investors, reflecting strong confidence in InvoiceQ’s business model and growth potential. Source: https://cutt.ly/reBK8gLl #t20egypt #startups #entrepreneurship #networking #investing #technology #google #digital #funding #egypt #banking #fintech

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