County Cedar Financial News

Cedar-IBSi Capital on Saturday said it is looking to invest in 10-15 startups working in the banking and insurance technology segment to expand its footprint in the country. «The fund plans to build a portfolio of the companies, allocating a budget within the range of Rs 4-10 crore, with an intensified focus on financially strengthening 8 to 10 high-performing companies,» it said. The fund has already gathered commitments in the range of Rs 50-75 crore from its Rs 240 crore early-stage fund launched in 2023, it added. «We are focusing on investing in startups which offer unique products and innovative tech to help improve efficiency at financial institutions. We have made our first investment in Cogniquest, an intelligent document processing tech company and are looking forward to announcing our second investment shortly,» Sahil Anand, Founder and Managing Partner, Cedar-IBSi Capital, said.

Subscribe to enjoy similar stories.Early-stage fintech investors in India are shifting away from consumer-facing models that are heavily regulated and pivoting to software and infrastructure businesses that promise steady growth with minimal policy risk.Funds are increasingly backing software, infrastructure and B2B fintech models with AI that are less exposed to regulatory shocks, experts said.The shift follows a reset between 2021 and 2025, when tighter rules on digital lending, first-loss default guarantees and data governance curbed growth and raised compliance costs, pushing investors to favour B2B models over balance-sheet lenders.Data from Tracxn over the last 24 months showed that investors are becoming more selective within fintech, with capital moving toward software and infrastructure layers rather than large consumer-facing models.Funding picked up in areas such as payments infrastructure, which more than doubled, wealth-tech management platforms, which rose sharply by up to four times, and software tools for fund managers, where investments increased nearly eight-fold.In contrast, investor interest cooled in consumer payments, which fell about 60%, online lending, down roughly 16%, and online trading platforms, where funding more than halved over the same period.“Consumer fintech is crowded and heavily regulated and as a fund we don’t see too many white spaces,” said Sahil Anand, founder and managing partner at Cedar Hill Capital, a new fintech fund.While private equity and venture capital investors are not abandoning lending or regulated fintech in the growth to late stages, those bets have become selective, favouring scaled, profitable firms.Investors have become selective towards firms that have adapted

Anand Mahindra is all praise for Tara Prasad. Taking to X on Tuesday, the billionaire gushed about the Indian-American figure skater, praising her for her considerable accomplishments. Dropping a video of Tara in her element on the skating rink, the Mahindra Group Chairman praised her for making India proud. “Apparently Tara switched her U.S. citizenship to an Indian one in 2019 and has since been our national skating champ three times. Well done, Tara. I hope you are in the vanguard of athletes who give India a noticeable presence in winter sports. I know you narrowly missed out on a spot in the last Winter Olympics but have your sights set on the games in ‘26. We’ll all be rooting for you. Go chase that dream,” the comment read.

lunar lander launching from the earth to reach the moon, undertaking a 7-week journey. While the launch did not grab eyeballs like yesterday's launch, it did bring up the fact that America and especially the private American companies had not landed any crafts on the moon in quite a long while.

Tropical storm force winds began battering Florida on Thursday as Hurricane Helene prepared to make landfall, with forecasters warning that the enormous storm could create a “nightmare” surge along the coast and churn up damaging winds hundreds of miles inland across much of the southeastern U.S.

A major internet outage affecting Microsoft is disrupting flights, banks, media outlets and companies across the world

liquified natural gas export plant on British Columbia’s coast is poised to go ahead.On Tuesday, the Hasila Nation and its partner Pembina Pipeline Corporation announced a green light with their final investment decision in the Cedar LNG plant.The $US3.4 billion project will see the construction of a floating LNG facility in Haisla territory in Kitimat.The nation is a majority owner in the project with a 50.1 per cent stake.“With Cedar LNG, we have proven that Indigenous communities can successfully forge a path to economic independence and generational prosperity,” Haisla Chief Councillor Crystal Smith said in a statement.“We have created a model for how sustainable energy development should be done, with Indigenous Nations as owners, balancing environmental interests with global demand for cleaner energy.”The project has already secured all major regulator approvals and has signed an agreement with the Coastal GasLink Pipeline for the delivery of 400 million cubic feet of natural gas per day, once it is up and running.Cedar LNG estimates the project will be in service by late 2028.B.C.

Cedar-IBSi Capital has secured funding from Middle East-based asset management firm Hades Financial Private Capital Group (HFPCG), the venture fund said in a release today. This is the second major institutional investor to get involved in this fund set up by management consultancy firm Cedar and fintech market intelligence platform IBS Intelligence.

Mint.“We’re very bullish on India’s growth story. One of the biggest advancements I have seen is that infrastructure is improving and the economy is growing robust which has led to the emergence of innovative companies, especially in deeptech," Chaturvedi said.Hades—which is sector-agnostic—invests directly in companies and indirectly through fund managers.

Tax pros say there are a few tips parents should keep in mind when filing their tax returns this year

Alyssa Nolte, a 33-year-old consultant, was on a somber business call a couple months ago. A client was sharing news about coming layoffs. The client raised her hands and suddenly her screen was filled with balloons.

The first Indigenous-owned investment dealer in Canada, created in partnership with the Bank of Nova Scotia, two Indigenous corporations and a First Nation, will allow investors to support Indigenous advancement and reconciliation, its new CEO says.

By Nivedita Balu and Arasu Kannagi Basil

(Reuters) — Schoolteacher Bob Sauer said he took a flashlight to his tree-filled backyard on Sunday evening on the small chance he might find a plane part that had torn off an Alaska Airlines jet on Friday at an altitude of about 16,000 feet (4,877 m).

Federal officials have ordered the immediate grounding of some Boeing 737 Max 9 jetliners until they are inspected after an Alaska Airlines plane suffered a blowout that left a gaping hole in the side of the fuselage

By Lisa Barrington, Joanna Plucinska and David Shepardson

President Donald Trump on Saturday attempted to turn the tables on his likely rival in November, President Joe Biden, arguing that the man whose election victory Trump tried to overturn is “the destroyer of American democracy." Trump's allegations about Biden, a Democrat, echo the ones that Biden has been making for years against his predecessor. As Trump has dominated the Republican presidential primary and talked about targeting his rivals and the news media if he wins the White House again, Biden has stepped up his own warnings, contending Trump is “ determined to destroy American democracy." On Saturday, Trump made his most explicit argument to date on why voters should instead see his rival as the bigger democratic threat.

California was killed Friday after a dispute over an LGBTQ2 Pride flag displayed outside her shop spiralled into deadly violence, police said. Online tributes have poured in to honour the late businesswoman, who was a beloved figure in her local community.A man shot and killed 66-year-old Laura Ann Carleton right in front of her clothing store in Cedar Glen, a small community in the San Bernadino Mountains, east of Los Angeles.The man “made several disparaging remarks about a rainbow flag that stood outside the store before shooting Carleton,” according to a statement from the San Bernadino County Sheriff’s Department.Carleton was pronounced dead by medical personnel outside Mag.Pi, the clothing store she owned and operated.The man fled the scene on foot after the shooting Friday afternoon, but police eventually located him and he was killed in a confrontation with officers.

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs). Regulators are keen to test the wCBDCs potential for cross-border wholesale payments.