🏡 Ambak secures $7M

to disrupt home loans—should banks be worried?

January 30, 2025

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.

What we’ll cover today:

🏡💰 Ambak secures $7M to disrupt home loans—should banks be worried?

🔥💼 Temenos hires ex-JP Morgan exec—can it outpace fintech startups?

🚀📊 Hot takes from fintech leaders & what’s trending in upcoming events.

Fintech startup Ambak has raised $7 million in a funding round led by Peak XV, aiming to grow its home loan marketplace.

🚨 Breaking News: Ambak secured fresh funding to scale its digital home loan marketplace, promising faster approvals and better deals for borrowers.

⚡ Wire Simplified:

  • Ambak connects borrowers with home loan options online, making the process smoother.

  • Peak XV led the $7M funding round, signaling strong investor confidence.

  • The funds will help Ambak expand its reach and improve its tech.

  • India’s home loan market is booming, and fintechs like Ambak are capitalizing on it.

  • Traditional banks might feel the heat as digital lending speeds up.

✔️ Straight to the Point:
Ambak is making home loans easier with fintech innovation, and investors are betting big on its future. Will it disrupt traditional lenders?

🎤 Will digital home loan marketplaces like Ambak replace traditional bank loan processes?

Login or Subscribe to participate in polls.

Temenos, a global banking software giant, has appointed Sairam Rangachari, a former JP Morgan MD, as its new Chief Product Officer.

🚨 Breaking News: Temenos brings in banking tech veteran Sairam Rangachari to steer its product innovation and drive growth in financial software.

⚡ Wire Simplified:

  • Temenos develops banking software used by financial institutions worldwide.

  • Sairam Rangachari was previously a managing director at JP Morgan, handling digital banking innovations.

  • His experience in fintech and banking makes him a strong fit for Temenos.

  • The hire signals Temenos’ focus on staying ahead in digital banking.

  • Expect faster innovations and competitive banking solutions in 2025.

✔️ Straight to the Point:
Temenos is strengthening its leadership to push banking software innovation. Will this move help it compete with newer fintech players?

❝

You can run a quantized version of the full version of DeepSeek on just 2 H100s and get 140tok/s

For the ~$2/hr rate of an H100, that’s $4 for 504k tokens or ~$8/M tokens which is ~90% cheaper than o1.

❝

DeepSeek is legitimately impressive, but the level of hysteria is an indictment of so many.

The $5M number is bogus. It is pushed by a Chinese hedge fund to slow investment in American AI startups, service their own shorts against American titans like Nvidia, and hide sanction evasion. America is a fertile bed for psyops like this because our media apparatus hates our technology companies and wants to see President Trump fail.

We have so many useful idiots uncritically reporting Chinese propaganda as fact because on some level, they want it to be true. They love seeing hundreds of billions of dollars wiped off the market cap off our largest companies.

Singapore FinTech Festival 2025
The Singapore FinTech Festival is one of the world's largest FinTech events, bringing together industry leaders, startups, and investors to discuss the future of financial technology. The event features conferences, exhibitions, and networking opportunities.
Date: November 9–13, 2025 | Location: Singapore

Book your seat here

Was this forwarded to you? Sign up here.

Fintech Wire News. 

Signing off