Having faced events such as Demonetization, GST, IL&FS Crisis, and Covid-19, Lunia and the startup believe that in every crisis there is a hidden opportunity waiting to be capitalized upon
In its commitment to simplifying complex finance operations, especially electronic invoicing (as an official IRP, the company manages e-invoicing requirements across enterprise segments), Clear has expanded to the Middle East as well, particularly in the Gulf Cooperation Council (GCC)
Prior to his venture, Kumar worked with various banks and financial institutions, investing a significant portion of his time in the financial services space
The Switzerland-based VC firm invests at the earliest stages (from pre-seed to series A) in B2B SaaS companies, with a specific interest in fintech and the future of work.
Mukherjee is bullish on AI and is of the view that as AI technology evolves, its applications in fintech are expected to expand further, driving efficiency and enhancing decision-making capabilities
Plum is the leading insurtech platform in India, offering more than 3500 organizations business insurance and group health insurance solutions. Additionally, it just unveiled "e-imburse," a digitally first approach to reimbursement claims.
The Indian arm will aim to bridge the gap between traditional frameworks and blockchain technology, empower businesses to thrive in a rapidly evolving Web 3.0 landscape, and ensure a balance between centralized government, decentralized economy, and users' interests
2023 was a pivotal one for the startup as it went from being a savings-focused neobank (helping couples save together for common goals) β to being a payments focused neobank for couples
Digital lending has been a catalyst in revolutionizing the financial landscape, reshaping perceptions, and forging a path towards a future that is more inclusive and efficient
Vijay Shekhar Sharma, Founder and CEO of One97 Communications, the parent firm of fintech major Paytm, says the company will focus on compliance as a primary approach, ahead of technology as it works to navigate its business model post the central bank's restrictions.
Nearly 60% of the total healthcare expenditure in India is borne out-of-pocket which drains the household of any future savings. 2024 will see the emergence of affordable health plans to address this issue for the missing middle of India.
Globally, one of the ways in which an established enterprise looks at innovation is to work with startups. And because they can wait till the startup goes up to a series B or C funding stage when most of the risk is reduced, they can also acquire them
The funding will be deployed towards building robust teams across product development, technology, analytics, and support functions like compliance and customer service
While the Asia-Pacific region, particularly India, has been a figurehead for fintech adoption, with UPI and other digital technologies, such as Aadhar, cross-border remittance continues to be a lengthy-tedious process.
With Paytm Card Soundbox, the company said its aims to solve two problems for merchants β accepting card payments along with getting instant audio alerts for all payments
The report stated that India has the third-highest number of fintech companies globally, with fintech funding doubling since 2018 and capturing a 14% share of startup funding in 2022
The platform will utilise this additional capital to expand further into new locations, strengthen its technology stack and help MSMEs access formal finance