Media
\nOutReach<\/a>\u00a0– 6 August 2021 –\u00a0Tallinn based fintech startup
\nIncome has launched a seed funding round by signing lead investor Tolaram
\nFintech, part of Tolaram, a Singapore-based enterprise with investments in
\nconsumer products, fintech, and infrastructure and over USD 1.2 billion in
\nannual revenues. <\/p>\n
\n
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\n
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Income
\nplans to raise a total of \u20ac1.3 million of fresh equity during this round. It
\nwill use the proceeds to make key hires, continue product development of its
\nretail investor marketplace, and further develop its institutional investor
\nonboarding capabilities. <\/p>\n
\n
<\/p>\n
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\n
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Income
\nis a marketplace for investing in loans, with a strong focus on investor
\nsecurity. Income is disrupting the marketplace investing and private debt
\nindustry by using technology, advanced data analytics, and security structures
\npreviously reserved for large institutional investors.<\/p>\n
\n
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\n
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Income
\nwas founded in 2020 and raised \u20ac1 million from angel investors in a pre-seed
\nround to launch the business and develop its product. Since the launch, Income
\nhas reached recurring revenue and gained early traction with retail and
\ninstitutional investors, who have already invested over two million euros
\nthrough the platform at www.getincome.com.<\/p>\n
\n
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\n
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According
\nto Income’s CEO Kimmo Rytk\u00f6nen, “Investing in loans as an asset class is
\ngrowing at a record pace globally, and we see increased demand from both retail
\nand institutional investors. At the same time, there is almost an unlimited
\nneed for liquidity among fintech lenders, especially in emerging markets,
\nenabling access to credit where it was previously missing. We are
\nwell-positioned to benefit from these trends, and we see marketplace data
\ntransparency and the innovative use of technology as the future of marketplace
\ninvesting. Our goal is to become one of the largest and best-recognised marketplaces
\nfor investing in loans globally. We are very pleased to welcome Tolaram
\nFintech, with their extensive experience in emerging markets and fintech, as
\nthe lead investor in our seed round.” <\/p>\n
\n
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\u00a0<\/p>\n
\n
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“We
\nare pleased to have the opportunity to invest in the growth of Income, as we
\nbelieve that it has a unique business model that centres around investor
\nprotection. Furthermore, Income’s innovative offering is closely aligned with
\nour fintech ambitions to enable access to credit in emerging markets, and we
\nlook forward to cultivating a strong partnership in this respect,” added Navin
\nNahata, Managing Director, Fintech, and Infrastructure, Tolaram.<\/p>\n
\n
<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE –\u00a0Media
OutReach\u00a0– 6 August 2021 –\u00a0Tallinn based fintech startup
Income has launched a seed funding round by signing lead investor Tolaram
Fintech, part of Tolaram, a Singapore-based enterprise with investments in
consumer products, fintech, and infrastructure and over USD 1.2 billion in
annual revenues.
\u00a0
Income
plans to raise a …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16780"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=16780"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16780\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=16780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=16780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=16780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}