<article>While Sonata Software is acquiring a 15 per cent stake in Danish firm IZARA ApS, fintech startup FlexiLoans has raised $7 million in debt funding from undisclosed investors.</article>

While Sonata Software is acquiring a 15 per cent stake in Danish firm IZARA ApS, fintech startup FlexiLoans has raised $7 million in debt funding from undisclosed investors.
<h3>Sonata Software to acquire 15% stake in Danish co</h3>
<a href="http://dealstreetasia.com/tag/sonata-software" target="_blank" rel="noopener">Sonata Software Ltd</a> is acquiring a 15 per cent stake in Danish consulting firm IZARA ApS for $96,000 in an all-cash deal.
IZARA also services clients in the US and Nordic region, Sonata said in a filing to the stock exchanges.
The transaction is scheduled to be completed by December 15, 2017.
Sonata Software is primarily engaged in the business of providing IT services and solutions to customers in the US, Europe, West Asia and Asia Pacific, besides acting as a distributor of software products in India.
In 2015, the Bengaluru-based IT services firm had acquired <a href="http://dealstreetasia.com/tag/ibis" target="_blank" rel="noopener">Interactive Business Information Systems Inc (IBIS)</a>, a Georgia-based supply chain software firm, for $14 million.
<h3>Fintech startup FlexiLoans raises $7m in debt funding</h3>
Fintech startup <a href="http://dealstreetasia.com/tag/flexiloans" target="_blank" rel="noopener">FlexiLoans</a> has raised an institutional debt funding of about $7 million from undisclosed investors.
The Mumbai-based digital SME lending platform plans to use this latest funding to expand its proprietary loans and supply chain financing segment. It intends to expand its reach to provide working capital loans to proprietors in 500 cities from around 175 cities currently.
Last year, the company had raised $15 million in funding from angel investors including KKR India CEO Sanjay Nayar, Anil Jaggia, Vikram Sud, and Narayan Seshadri.
Earlier this year, the lending platform had also acquired Mumbai-based supply chain finance startup <a href="http://dealstreetasia.com/tag/creditperiod" target="_blank" rel="noopener">CreditPeriod</a> for an undisclosed amount.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-kkrs-sanjay-nayar-backed-flexiloans-plans-to-expand-into-southeast-asia-68714/" target="_blank" rel="noopener">India: KKR Sanjay Nayar-backed FlexiLoans eyes SE Asia foray, M&amp;As</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/indian-it-services-player-sonata-software-buys-us-based-ibis-for-14m-17587/" target="_blank" rel="noopener">Indian IT services player Sonata Software buys US-based IBIS for $14m</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/73106-73106/" target="_blank" rel="noopener">Flexiloans acquires CreditPeriod to strengthen supply chain financing</a>

While Sonata Software is acquiring 15 per cent stake in Danish fir, IZARA ApS, fintech startup FlexiLoans has raised $7 million debt funding.

India Dealbook: Sonata Software buys stake in Danish co; FlexiLoans raises debt

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