Women-focused fintech platform LXME raises $1.2 million in funding

LXME, a fintech platform designed exclusively for women, has raised $1.2 million in a seed funding round led by Kalaari Capital through its CXXO initiative, which invests in ventures led by women entrepreneurs. The startup provides tailored financial products such as mutual funds, loans, and prepaid shopping cards, alongside financial education and has a community of over 400,000 women.