Singapore-based technology fund Mars Growth Capital has invested $4 million in US-headquartered Hiver while Stripe backed the latest funding in Pakistani fintech startup Safepay.
Mars Growth Capital invests $4m in customer service provider Hiver
Founded in 2011, the Bangalore, India and San Jose, California-based Hiver said it helps transform Gmail into a collaboration platform by enabling teams to easily manage shared email accounts.
Hiver has over 1,500 customers across 30 countries, including Hubspot, Harvard University, Vacasa, Canva, and Shutterstock, according to information found on its website.
The debt facility from Mars Growth Capital will be used for Hiver’s account-based marketing strategy, which concentrates resources on a set of target accounts within a market.
Mars is a joint venture between Japan’s Mitsubishi UFJ Financial core banking subsidiary MUFG Bank and Israel-based Fintech Liquidity Capital.
US digital payments firm Strip backs Pakistani fintech startup Safepay
Stripe, a US digital payments company, has backed the latest funding round in Pakistani fintech firm Safepay, which seeks to accelerate the adoption of digital payments in Pakistan, according to an announcement.
Local and international investors also participated in the founding round for the company, which was founded in 2019 by Ziyad Parekh and Raza Naqvi. The exact amount raised was not disclosed but Safepay said it was a seven-figure investment round.
The startup said it will use the fresh funds to focus on investing in engineering talent to increase digital payment acceptance in Pakistan beyond credit and debit cards, including mobile wallets and
Safepay provides a single integrated payment solution that interoperates with local and international payment options.
Safepay’s backers include Global Founders Capital, HOF Capital, Soma Capital, Mantis Capital, and Fatima Gobi Ventures.