Fintech startup Jar raises USD 32 million

Tuesday 8 February 2022 13:04 CET | News

India-based micro gold savings app Jar has secured USD 32 million in its Series A funding round led by Tiger Global.

The Series A round follows a seed funding round where the startup had raised USD 4.5 million led by Akram Ventures in September 2021. It’s total funding to date is USD 36.5 million and is valued at USD 200 million.

The company will be using the funds to diversify its products, lending, and insurance offerings. Jar officials stated that they are solving for habit and behaviour among young Indians. They want millennials to look at investing as insurance for their future, and not treat it as an expense.

The startup focuses on removing the challenges of investing among average Indian citizens by enabling them to get started with micro amounts in gold. It gives its users an option to save as little as a few cents every time they transact on payment apps like Walmart and Paytm, which is then invested in real-time in digital gold.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: startup, funding, investment, lending, insurance
Categories: Payments & Commerce
Companies: Jar, Tiger Global
Countries: India
This article is part of category

Payments & Commerce



Tiger Global

Discover all the Company news on Jar and other articles related to Jar in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events