Founders of JPIN, Gaurav Singh and Nayan Gala, discusses the wealth of fintech innovation that lies in leading emerging markets
The largest bilateral bank across UK and India – JPIN – today announce the outcome of a fintech global investor meet for leading startups. Supporting a cohort of high-growth early-stage businesses that combine to a valuation of $145m, the event raised $20m in Seed to Series A commitments. JPIN aims to raise another $35m through relationships made during the pitch day in collaboration with leading global investors.
The event served as a vital springboard for leading startups in the fintech arena, particularly those looking to scale globally. India’s fintech eco-system is projected to be worth $1.3tn by 2025, with the economic powerhouse raising $8bn in this sector in the past year alone. Having successfully facilitated the birth of two Unicorns in the past two years, JPIN is focused on creating the next Decacorn – a startup worth $10bn – adding to their illustrious portfolio already worth $21.5bn.
The Pitch Day hosted over 40 international investors who were presented with Seed to Series A Fintech startup deals. The event began with an expert talk delivered by Ernest Terry Obi of Flutterwave – one of Nigeria’s top 3 Unicorns. A seasoned and accomplished business leader with over two decades of progressive exposure in the banking and fintech sectors, Obi discussed the key trends, growth, and wealth in investment opportunities that lie in the fintech sector of emerging markets – especially towards countries that are often overlooked, such as Nigeria, Kenya and Egypt.
Nayan Gala, founder of JPIN, comments:
“The Fintech markets in the APAC and Americas regions are currently the largest globally, having more than 40% of the total market share. However, India, Indonesia, and Brazil make up almost half of global fintech app downloads providing crucial evidence that these mega developing markets are home to massive populations of unbanked customers.
“Backed by operational expertise in emerging markets, we at JPIN aim to capitalise on this untapped opportunity, providing startups with access to global capital and consumer markets.”
Gaurav Singh, founder of JPIN, comments:
“With digital payments becoming increasingly popular and simplified through Fintech, the sector is paving the way for a cashless world. Fintech investments are also boosting financial inclusion that is enabling emerging markets to access financial services, increase their economic opportunities, and subsequently improve lives.
“More than 10% of our portfolio comprises fintech startups that are creating a valuable impact and have the potential to become future decacorns. The Fintech Global Investor Meet was meticulously designed to enable investors gain a share of this growing pie seen across the globe.”
JPIN (www.jpin.co) is the leading global start-up investment bank – with a portfolio worth $21.5 billion – working across the world’s emerging markets such as India, Africa, Latin America, Israel, Singapore, CIS, US and Europe. Headquartered in London and with an investor base of over 2000+ UNHNIs and global family offices, JPIN’s integrated approach offers funding, mentorship, and a network of Industry Leaders, Family Offices and Seasoned Angel Investors for young entrepreneurs looking to grow their businesses into multiple regions.
With over 40 deals done in 2021 between the UK and India in early to growth and late-stage startups, JPIN has delivered 2 Unicorns in a span of 2 years. JPIN is sector and geography agnostic in its approach of investment, focusing on creating decacorns (US $10 Bn valuation startups)