AIFC Member “Bank4.Me” Raises $300 000 from MyVentures on the First Central Asian Startup Co-Investment Platform, VentureRocket Eurasia

    The AIFC member and fintech solution raising funds on VentureRocket Eurasia, “Bank4.Me”, has announced an investment of $300 000 from an international VC fund, MyVentures.

     Bank4Me is an online banking platform that provides an opportunity to receive a loan or an installment plan for a product from many Central Asian banks in one service, connected to the maximum number of retailers. 

“We have become a convenient hub for banks and bnpl-services, where they can attract clients and interact with them on a budget. We see a great potential for our solution in the fast- growing markets of Central Asia, Southeast Asia, and North Africa”, – said Andrey Antropov, the CEO of Bank4.Me.

The deal has been structured with a new round of investment from MyVentures, a VC firm focused on regional early-stage tech startups.

“As a fund, we are interested in scaling our projects in the global market, and Bank4.Me is no exception. Our goal is to expand the geography of business,as well as create and improve really useful products for people,” shared Shakhboz Rakhmanov, CEO of MyVentures.

The startup started its fundraising campaign on the VentureRocket Eurasia platform in May 2022 and managed to close it within 3 months.  

“At VentureRocket Eurasia, we are building a global VC Hub that connects accredited professional investors from all over the world, enabling them to jointly invest in both local and global startups. We are extremely happy to see Bank4Me fast-closing its seed round on VentureRocket Eurasia and believe that Bank4.me will further enhance the Kazakhstani fintech ecosystem”, shared Arslan Kudiyar, the CEO at VentureRocket Eurasia.

Bank4Me is planning to spend the raised money on the further development of the platform, extending the team, and growing its global operations.

“Our short-term plans are the maximum coverage of retail in Kazakhstan in all segments except food retail as well as entering the markets of Uzbekistan and Azerbaijan. Further, as mentioned above – we aim to expand to Southeast Asia and North Africa. For these markets, we are additionally preparing a platform for interaction with Islamic banking”, added Andrey Antropov, the CEO of Bank4.Me.

Start co-investing in promising Central Asian startups, join the VentureRocket Eurasia platform here.

Reference:

The AIFC (Astana International Financial Center)  is an independent jurisdiction that was launched in 2018. In accordance with the Development Strategy until 2025, the key task of the AIFC is to strengthen it as a universal platform connecting the countries of the EAEU, Central Asia, and the Caucasus.

https://aifc.kz/ 

The AIFC Tech Hub is a division of the Astana International Financial Center (AIFC), whose task is to promote the development of the startup ecosystem, the venture industry market, e-commerce, corporate innovations, and new technological directions in Kazakhstan (FinTech, GovTech, SatelliteTech, Industry 4.0, etc.). Together with international partners, AIFC Tech Hub conducts programs to support market players, assists in structuring venture deals, and testing new fintech solutions within the regulatory sandbox of the AIFC jurisdiction.
www.tech.aifc.kz

VentureRocket Eurasia is a startup ecosystem management and investment platform, set up by the Fintech Hub of the AIFC and the global research and innovation company, Titanium Technologies (https://titanium-tech.net/).

This is the first co-investment platform for startups in Central Asia that aims at attracting regional and global capital providers. For investors, this platform is an opportunity to connect with vetted startups, invest with other partners, and enter a global network of other ecosystem members to get startup support services from them. 

www.venturerocket.vc

MyVentures is a Kazakhstan-based venture capital firm investing in seed-stage, early-stage, and later-stage companies from financial technologies, IT, healthcare, e-commerce, artificial intelligence, machine learning, and other technology-based sectors.

www.myventures.kz