7 years ago

NewBridge Fintech Solutions Secures Pre-Series A Funding from BRS Ventures Investment

  • NewBridge Fintech Solutions, a two-year-old Dubai-based financial technology firm, has raised an undisclosed amount in pre-Series A funding from BRS Ventures Investment, a holding company owned by billionaire businessman Dr B.R

  • Shetty

  • NewBridge is creating an online marketplace for wholesale deposits, matching high net-worth individuals and family offices with banks needing temporary funding

  • The company, founded by experienced bankers Siddharth Bhandari and Vikram Kelkar, is based in the Dubai International Financial Centre and has been developing its software since 2017

  • The funding will be used to hire developers, expand internationally, and acquire new talent.

      • ProblemFinancial Services

      "To match high net-worth individuals and family offices with banks that need temporary funding to meet certain liabilities, offering higher, off-market rates to attract funding."

      Solution

      "NewBridge Fintech Solutions creates an online marketplace for wholesale deposits called Deposit Book, matching high net-worth individuals and family offices with banks that need temporary funding, and offering higher, off-market rates to attract funding."

      Covered on