Borderless Raises ₹20 Crore Bridge Funding, Eyes ₹170 Crore Series B Round
Summary
The round was led by an investor syndicate of Equirus Credence Family Office and also saw participation from July Ventures and others.Mitesh Shah, MD & CEO, Equirus Credence Family Office, said, Weve tracked Borderless for the last 4-5 years and have been closely involved as partners. Very happy to be an enabler in their growth as they scale over the next 5 years.According to Sitashwa Srivastava, Founder & CEO, Borderless, The more we engaged our affluent customers in emerging markets, the more we realized that their global aspirations extended beyond cross-border investing and included travel, education & healthcare, etc. Am truly excited about the next phase of our journey as Borderless, a name which truly aligns and connotes what we intend to offer and the aspirations of those whom we address.Commenting on their participation in the bridge round, Ravi Krishnappa, Partner, July Ventures, Sitashwa and the team at Borderless have stayed sharply focused on execution and built a solid foundationwith an inbuilt moat driven by product depth and customer engagement. Their pivot to a broader platform taps into the growing demand from affluent consumers in emerging markets looking to engage globally. Were glad to continue backing them as they scale.The new expanded platform is not good just from the perspective of end customers but even for players in the wealth management, investing and the overall fintech ecosystem who now can add more value to their customers by leveraging the Borderless platform.For us it means wider universe of partners to tap into making it a win-win.