[Exclusive] Y-Combinator-backed Infinity bags $1.9M in pre-seed funding

Quick Summary:

Bengaluru-based cross-border fintech startup Infinity offers international money transfers cheaper than traditional methods while letting businesses earn income on idle cash by investing in government securities.

To counter these challenges, Infinity has partnered with major fintech players to establish custom rails that bypass the traditional network.

For every dollar moved from the US to India, businesses can lose as much as 3-5% in fees and delays caused by the multi-hop SWIFT network.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: IndiaBangladeshChinaGermany

Topics: Sourav Swift Idle Traditional Infinity Money Payments Businesses Startup Sidharth Cash

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 10:56:02 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 25924817

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 20 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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