📉 Cedar Capital closed the first round of its fintech fund for $30 million, attracting investors from India and the Middle East. Main directions:

• Banking sector

• B2B fintech

• Insurance companies

• NBFC

• Other financial services

The fund plans to support about 15 early-stage startups. Despite a 12% decline in fintech funding in India in Q4 2023, the fintech SaaS and credittech sectors continue to attract investors.