The investors-focused digital services provider is set to raise the cash from Kotak Mahindra Bank at a valuation of over $420m.

Financial services firm Kotak Mahindra Bank agreed yesterday to pay Rs 3.1bn ($42m) to acquire a 9.98% stake in India-based investment technology provider KFin Technologies.

The transaction is conditional on regulatory approvals, and is set to close by the end of next month. The news caused Kotak Mahindra Bank’s shares to rise to their highest level in the past 12 months.

Also known as KFintech, KFin has built a big data-powered software platform that helps investors including banks, public…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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