AIFC participant, Bank4.me, raised $300,000 from MyVentures on VentureRocket Eurasia – Central Asia’s first startup co-investment platform

The fintech solution “Bank4.me”, that launched its fundraising campaign on VentureRocket Eurasia, announces its successfully attracted a $300,000 investment from an international VC fund, MyVentures.

“Bank4.me” is a Kazakhstani 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 Bank4.me 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.

“Bank4.me” 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”.

For more information about the VentureRocket Eurasia platform, please visit www.venturerocket.vc

Reference:

The Astana International Financial Center (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia, and the Caucasus. www.aifc.kz

The AIFC Tech Hub is a subdivision of the Astana International Financial Centre (AIFC), whose task is to promote the development of the startup ecosystem, venture industry market, e-commerce, corporate innovation, and new technological areas in Kazakhstan (FinTech, GovTech, SatelliteTech, Industry 4.0., etc.). Together with international partners, The AIFC Tech Hub conducts programs to support market players, as well as facilitates the structuring of venture deals and testing of new fintech solutions within the regulatory sandbox of the AIFC jurisdiction. https://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