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Private Equity
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
enba.com

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Founded Year

1998

Stage

Convertible Note - II | Dead

Total Raised

$100.24M

Last Raised

$850K

About Enba

Incubator of Internet financial services companies. The company aims to support and develop projects for online financial services businesses. These companies include online banking and brokering ebusinesses. In co-operation with Banque d'Escompte, the company set up an Internet bank subsidiary, First-e, in 1999, which offers a full range of standard and specialised banking services. Basics, like demand deposit accounts, cheque books, transfers, credit cards and share trading, are provided by first-e itself. Sophisticated services, like property lending, life assurance, general insurance and unit trusts, are contracted out to partners selected by independent consultants through competitive tendering. This allows first-e to assure customers they will have access to the best products from leading professionals in each category. The company also set up factor-e, a wholly owned subsidiary, designed to provide Internet- based financial services and products for other businesses to re-brand or co-brand.

Enba Headquarter Location

Hambleden House 19-26 Lower Pembroke Street

Dublin, 2,

Ireland

353 1 6306000

Latest Enba News

Bengaluru-based MediBuddy closes $40 mn Series B funding round

Feb 3, 2021

February 3, 2021 MediBuddy, a digital healthcare platform, has announced the closure of its USD 40 million (over Rs 290 crore) Series B funding round, according to PTI report. The company had earlier said it had raised an initial funding of USD 20 million in June 2020 under this round, MediBuddy said in a statement. “Series B round attracted new investments from India Life Sciences Fund III, LLC, TEAMFund LP, JAFCO Asia Fund, FinSight Ventures, ALES Global Japan and Beyond Next Ventures. Existing investors including Bessemer Venture Partners, Milliways Ventures and Rebright Partners also participated in the round”, MediBuddy Co-Founder and CEO Satish Kannan said. Potential of the MediBuddy has generated significant investor interest in the Series B round despite the uncertainty prevalent worldwide, he added. “We are fortunate to have been a part of Satish’s and Enba’s journey from the very early days. We continue to be strong supporters as they execute towards their aim of enabling more Indians to have access to high-quality healthcare”, Bessemer Venture Partners India Managing Director Vishal Gupta said. India Life Sciences Fund III, LLC, Managing Director Devarajan TP said, “The fund is excited about partnering with MediBuddy and its dynamic leadership team with Satish and Enba at the helm”. MediBuddy’s e-health platform enables customers access the entire gamut of healthcare services like tele-consultation services, lab tests or medicines, across devices, he added. Ashish Nain

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