Amica Financial Technologies raises $24 million in funding

Amica Financial Technologies, an upcoming digital retail bank founded by Citrus Pay cofounder Jitendra Gupta, has received $24 million in its maiden funding round.

The funding is backed by a long list of institutional investors including Greyhound Capital, 3One4 Capital, Germany’s Rocket Internet, venture capital funds Matrix Partners and Sequoia Capital.

Gupta, a former PayU India managing director, is among a growing tribe of second-time entrepreneurs who have attracted big bucks from marquee investors even before officially launching their companies.

The Mumbai-based startup, which Gupta cofounded along with Vishnu Jerome of law firm Jerome Merchant and Partners, has also brought on board a host of angel investors.

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Source: Funding: Amica Financial Technologies raises $24 million in funding, Technology News, ETtech