Business News
KarmaLife Raises INR 44 Crore In Extended Pre-Series A Funding
The fund raised will be utilized for scaling, expanding into new geographies and launching more products
By Teena Jose
FinTech | Page 5
Business News
EduFund Raises $3.5 Million In Pre-Series A Funding
The fund raised will be utilized to accelerate the growth, create new solutions and invest in technology
By Teena Jose
Business News
The Payment Person
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.
Business News
BharatPe Acquires 51% Stake In Trillion Loans
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
By Teena Jose
Business News
How axio Is Making Credit Worthy For All
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
Business News
Pine Labs Shelves IPO Plans Considering Rout In Global Markets: Report
As per the report, Rau said that the company ended FY23 with net revenue of INR 1600 crore and positive EBITDA
By Teena Jose
Business News
LenDenClub: India’s Largest Peer-to-Peer Lending Platform
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.
By Kavya Pillai
Business News
SmartCoin The Financial Wellness Platform
SmartCoin is one of India's financial wellness platforms addressing credit requirements of the vastly underserved segments in India and partners with customers across their financial lifecycles.
By Kavya Pillai
Business News
Leading the Fintech Revolution
In 2019, Rohit Arora launched Biz2X, a platform to help banks run their lending operations at scale in the Indian market. A natural outgrowth of Biz2Credit, he noticed how banks and fintech players lending to MSMEs suffered from costly SME originations, leading to expensive and poorquality customer acquisition.
Business News
India Has the Potential to Become the Fintech Capital of the Globe: Investors
India ranked in the top five regions in terms of total funding activity in Q1 2023 and was the second-highest funded territory globally for fintech funding.
Business News
Sequoia-Backed Fintech Major Razorpay Joins ONDC
The fintech company claims that it will be the first payment gateway to launch a payment reconciliation service for the network participants
By Teena Jose
Business News
The Insurance Trailblazer
RenewBuy's insurance advisors reach out to their consumers across the country, armed with the RenewBuy Mobile App, which replicates fully what a physical insurance company branch can do
Business News
Working With MeitY And RBI; FM On Ponzi Apps
Cautioning investors against ponzi apps, Sitharaman said investors should do their due diligence and should not be lured by claims of lucrative returns made by them
By Teena Jose
Business News
UPI Dominates Digital Transactions In 2022 Worth INR 126 Lakh Crore: Worldline Report
India's flagship payment platform Unified Payments Interface (UPI) continued to be the most dominant channel for digital payments in 2022 with a 70% increase in the number of transactions to 74 billion and a 54% increase in the value, stated the report
By Teena Jose
Business News
Freo: Aiming For The Digital Banking Hot Seat
Kunal Varma is the CEO and co-founder of Freo, a digital banking platform for Indians, where they can easily spend, save and borrow for a better financial life.
Business News
Indian Fintech Startups Secure $1.2 Billion In Q1 2023: Tracxn
As per the report, this is a sharp jump of 126% when compared with $523 million raised in the fourth quarter of 2022
By Teena Jose
Business News
PhonePe Raises $100 Million Additional Funding From General Atlantic
The investment will help fuel the fintech firm's expansion plans
By Teena Jose
Business News
Propelling Fintech To Newer Heights
The company has plans to transition towards more relationship-based offerings shortly which would involve assisting students in rating and reviewing courses and educational services, enabling them to make informed decisions and fostering better connections.
Business News
UGRO Capital Limited Announces Equity Capital Raise Of INR 340 Crore
The equity fund raise is subject to customary closing conditions, including regulatory and shareholder approvals
By Teena Jose
Business News
FlexiLoans AUM Crosses INR 1000 Crore, Aims To Hit INR 10,000 Crore By 2025
The platform aims to reach INR 10,000 crore in AUM by 2025 and be among the top three pure-play MSME lending institutions in the country
By Teena Jose
Business News
Government May Consider 0.3% Fee To Ensure Financial Viability of UPI: Report
The report also stated that the facilitation fee of 0.3% can generate around INR 5,000 crore in 2023-24
By Teena Jose
Business News
Student Run Startup Plutus Raises $280,000 Pre-Seed Funding
The fund raised will help Plutus build new tools to expand the monetisation potential for content creators
By Teena Jose
Business News
Fintech And Compliance: It’s Not One Size Fits All
Since most fintech companies in India offer a wide range of products and services across sub-categories of finance, the legal requirements and compliances automatically become complicated
By Monish Anand
Business News
PeProp.Money Secures Seed Funding From India Accelerator
The funding will be used to further enhance the technology, attract new markets and customers while continuing to provide unparalleled service to the existing partners
By Teena Jose
Business News
PhonePe Raises $200 Million Additional Funding From Walmart
The company plans to deploy these funds to build and scale new businesses like insurance, wealth management, lending, stockbroking, ONDC-based shopping and account aggregators
By Teena Jose
Business News
Univest Raises $1.5 Million In Seed Funding Round
The new fund raised will be utilised to strengthen the company's financial product distribution business and scale up the right talent
By Teena Jose
Business News
Fintech Startup Finsire Raises $1.3 Million In Seed Funding
The company focused on building and digitizing the Infra rails from various assets and innovating in this space with asset originators, depositaries and lenders
By Teena Jose