FutureTech

Clear (previously ClearTax), an online taxation and fintech software provider, has entered the lending market with the launch of its invoice-discounting product for small and medium businesses (SMEs). This comes at a time when the company is focusing heavily on foreign expansion, having raised $75 million from Stripe, a US-based payments powerhouse, and others in October of last year. According to a release, the company now plans to process $3 billion in merchant loans by FY’24. As part of its effort to provide working capital solutions to suppliers and SMEs,…

Mobile Premier League (MPL), an Indian mobile eSports and skill gaming platform, has acquired GameDuell, a Berlin-based games studio, in order to expand its European operations. The move fits in with MPL’s overall strategy of expanding its footprint in key global markets. It already has operations in Indonesia and the United States, and with this acquisition, it will have operations on three continents. Employees from GameDuell will join the MPL team, though financial details were not disclosed. “We are excited to expand our operations to Europe after having successfully ventured…

AgNext Technologies, an agritech startup, plans to launch operations in the Middle East and Vietnam in the coming months, according to Subrat Panda, AgNext’s Chief Technology Officer. According to the company, the lack of quality assessment solutions causes approximately $90 billion in losses in global agricultural trade. Agnext solves this problem with a mix of AI, machine learning, the Internet of Things (IoT), and advanced data analysis in its technology products. It claims to deliver real-time accuracy of up to 99 percent through its full-stack ‘Qualix’ platform, which provides rapid…

Niyo, a consumer neo-banking platform, has raised $100 million in a Series C round led by Accel and Lightrock India, with Beams Fintech Fund participating. This round also included existing investors Prime Venture Partners and JS Capital. The new funds come after a more than 30-month wait for the Bengaluru-based company, which raised $35 million in a Series B round in July 2019 from Horizons Ventures, Tencent, and others. According to a press release from Niyo, the funds will be used for product innovation, marketing and branding, expanding its distribution…