Jeff App Secures $2M to Propel Financial Inclusion in Emerging Markets

Source: Fintech Global

Jeff App, a pioneering marketplace for financial inclusion based in Latvia, has successfully raised $2m in late-Seed financing.

The investment round was led by Presto Ventures, with significant contributions from existing investors, including the specialist data and AI fund J12, according to a report from Tech.eu.

The fresh capital will be used by Jeff App to continue its aggressive expansion into new markets, with India being the next target. This expansion is part of a broader strategy to make financial services accessible to underserved segments in some of the world’s most populous countries. Additionally, the funds will aid in accelerating the recruitment of top tech talent and the development of new financial products, such as various credit options, on their platform.