Indian fintech fund & incubator, Rainmatter Capital invests undisclosed sum in innovative financial products and services provider JODO. Jodo aims to serve the middle income households in urban India with innovative financial products and services. Their first product is in school fee finance, in which they enable parents to pay fees monthly at no interest.
Rainmatter Capital, is Bangalore based incubator provides well-equipped workspaces, mentorship, and funding ($100K-$1M) to innovative startups in the capital markets space in exchange for minority stakes.
Rainmatter Capital is an initiative by Zerodha (a top discount share broking firm), funds and incubates innovative startups in the fintech space. It has been founded by Zerodha's founders in April 2019.
Rainmatter's other investment includes CRED is a members-only app that offers you exclusive rewards for paying your credit card bill, fitness solution provider ImStrong, networked procurement platform Procol, clean-label health-food brand The Whole Truth, digital banking experience startup Jupiter, QShala, an online curiosity platform designed to foster life-skills & curiosity in children and open source projects startup Frappe.
Source: Rainmatter
Last Updated, Dec 31, 2020
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