Fundz

India’S Cashfree Invests In Uae-Based Telr, Explores Global Expansion

PRIVATEDec 02, 2021

Round Type

Funding Round

Saudi ArabiaFinancial ServicesSoftware

Description

Payments and banking solutions provider, Cashfree Payments has invested close to $15 million in the UAE and Saudi Arabia-based payment service provider, Telr, as it looks to expand its product offerings in international markets.

Quick answer

Telr raised an undisclosed amount in a Funding Round round, dated December 2, 2021. Telr is based in Saudi Arabia.

How much did Telr raise?
Telr raised an undisclosed amount in a Funding Round round on December 2, 2021.
What does Telr do?
The company refused to comment further on its shareholding in Telr.The Bengaluru-based startup is actively looking to set foot in Southeast Asian and African markets, apart from the Middle East, over the course of next..
Where is Telr based and how big is it?
Telr is based in Saudi Arabia. Fundz records about 70 employees.
Who are the decision-makers at Telr?
Fundz holds 2 contacts at Telr, including the HR and Admin Manager. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Software around the same time

Companies in the same sectors as Telr that raised within 45 days of this round, from Fundz verified event records.

  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Cinda raised $944M on January 14, 2022.
  • Get Paid raised $1.1M (Seed) on January 14, 2022.
  • Asset Dash raised an undisclosed amount (Corporate Round) on January 13, 2022.
  • Elysia raised $1M (Seed) on January 13, 2022.

Who to call at Telr, and when

A new round usually means Telr is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Telr raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Telr, from your own LinkedIn network

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Company Information

Company

Telr

Location

Saudi Arabia

About

The company refused to comment further on its shareholding in Telr.The Bengaluru-based startup is actively looking to set foot in Southeast Asian and African markets, apart from the Middle East, over the course of next year, according to Cashfree co-founder and chief executive, Akash Sinha. The company will largely follow an inorganic route of either acquisitions, investment or partnership to expand into these international geographies, Sinha told Mint in an interview. The company is also scouting for acquisitions in its home market as it looks to strengthen its product play in the payments and neo–banking space. Seven-year old, Telr is a payment gateway that enables handling payments in over 120 currencies and 30 languages.

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Fundz sees it the moment Telr raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsJaya K., HR and Admin Manager hiddenSee plans and pricing
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Telr raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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