FinTech | Page 4

Through this joint venture, Shriram Finance products would be made available on the digital platform to further expand Paytm's business to credit services as well, and drive financial inclusion

The fund raised will be utilised to scale operations and invest in technological capabilities

The company will use the funds to drive its growth as it looks to build on its profitable yearly numbers in FY23 and drive its core business growth

As per available reports, Spenny will continue to function as an independent entity and Rathin Shah will join CRED's product team as well

Showcasing the significant growth and potential of the fintech sector in the region, as per an official statement, the fintech players Ripple and Coinbase announce plans for regional hubs in the UAE

The company plans to utilise the fund raised to expand and enhance its AceN Tech platform

The fresh infusion of capital will enable TransBnk to bolster its product and technical teams, enhance its tech stack, and expand its product line

India has emerged as a global fintech super-power and is now ranked number 3 in terms of total fintech companies.

Revfin plans to utilize the funds for new products and expansion to new geographies

As per the guidelines, the RBI has decided to permit arrangements between regulated entities and lending service providers or between two regulated entities involving default loss guarantee

The rise of entrepreneurship in India shows no signs of slowing in the coming years. That said, fintech entrepreneurs are also facing multiple challenges, including low financial literacy and cyberthreats.

The fund raised will be utilized for scaling, expanding into new geographies and launching more products

The funds will be utilized to invest in product development and expanding the team size by 4 times and enhancing the scalability of the core technology to accommodate ten times the current growth

The fund will allow QED to continue to invest in disruptive fintech companies in the U.S., the U.K. and Europe, Latin America, India and Southeast Asia and Africa

The company said that the funding will be used to expand MPOWER's rapidly growing portfolio of student loans issued to international and DACA students attending one of over 400 leading colleges and universities across the U.S. and Canada

The fund raised will be utilized to accelerate the growth, create new solutions and invest in technology

Cashfree Payments is India's leading API and banking solutions company in the digital payments ecosystem. It has solved problems pertinent to payments and their infrastructure for businesses, thus assisting in their digitisation bid.

This acquisition is in line with BharatPe Group's vision to be at the forefront of addressing the credit gap for millions of businesses and consumers in the country

Known as Capital Float at that time, the company focused on technology-driven easy credit access and customized finance products to bridge the credit gap for small businesses. In 2018, the company entered the consumer lending space, becoming a full-fledged digital consumer financial services organization over the next two years

As per the report, Rau said that the company ended FY23 with net revenue of INR 1600 crore and positive EBITDA

LenDenClub aimed to take credit and investment options to last-mile customers via peer-to-peer lending platforms in India. Their platform has enabled them to democratize debt and generate higher returns for investors.