Bajai Finance, a company that provides investment banking services to financial institutions, has raised $12.4 million in a Series A round led by BofA.
The $12 million round comes after Bajaja Capital, which also owns the investment bank, announced a $13 million investment in March in the company.
The company is currently in the process of expanding its financial services offerings and has partnered with some of the largest and best investment banks in the world to help it expand its reach to financial services companies across the globe.
The company says it has raised over $25 million in financing and a number of institutional investors have been attracted to Bajaji.
It expects to raise another $25.6 million in funding over the next six months to further expand its business.
The Bajama Capital Management team consists of former Bofaj investors, who are also active in other emerging finance companies such as BlackRock, BNY Mellon and Bank of America Merrill Lynch.
The new investors will help Bajapai to build out its operations and become a global leader in investing in finance companies.