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Sheel Monhot Reveals The Best Way To Fund Your Fintech | FF Salon at Money20/20 Europe 2023
✂️ Sheel Monhot, co-founder of Better Tomorrow Ventures joined us in the FF Salon at Money20/20 in Amsterdam to talk funding fintech ?
Better Tomorrow is a fund that leads pre-seed and seed rounds globally and started in 2019. Sheel offers some insight into how the funding landscape has evolved over the last couple of years and talks about finding teams and ideas worth investing in.
He opens up about some of the trends in fintech and separates the hype from the genuinely exciting opportunities, as well as sharing his experience of saying yes and no to founders in search of funding.
“I’m wary of overfunding. Part of what makes companies special is having less capital and more constraints, but I think that is changing now for the better.”
“The best part of my job is working with founders, and getting inspired by them. Worst part is saying no to founders who are building their dreams. Sometimes you have to say ‘I’m not going to fund this’ and that can be tough.”
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Kanastra Raises $30 Million Series B from F-Prime to Spearhead Brazil’s Private Credit Infrastructure Development
Kanastra, a financial technology company providing technology infrastructure and services for private credit funds and securitizations, today announced a $30 million Series B round led by F-Prime, with contributions from the International Finance Corporation (IFC), the World Bank's investment arm, as well as follow-on investments from current investors Kaszek, Valor Capital, Quona Capital and Itaú, Latin America's largest bank. The new capital will be used to accelerate product development, deepen automation across the private credit funds lifecycle, and expand Kanastra's client base.
I&M Bank Launches Tanzania’s First Mastercard World Elite Debit and Multi-Currency Prepaid Cards on OpenWay’s Way4 Platform
I&M Bank Tanzania, in partnership with Mastercard and OpenWay, has introduced the country's first Mastercard World Elite debit and multi-currency prepaid cards. Powered by OpenWay's Way4 digital payments platform, the new products cater to the evolving needs of Tanzania's affluent and middle-market customers by offering lifestyle privileges, advanced security, and seamless international transactions.
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