Tagged: india

Seeking Unicorns: Indian Billionaire Kapoor Introduces Yes Fintech Accelerator

rana-kapoor

Yes Fintech, a business accelerator program in collaboration with Yes Bank, T-Hub, Anthill and LetsTalkPayments, announced that it is accepting global applications until 3 February.  The top 12 selected startups will enroll in a 15 week dual destination program, split between Mumbai and Hyderabad. Yes Bank is… Read More

SME Lender Loan Frame Receives $2.25 Million Investment

india-jaidpur-man-smoking-pipe

Loan Frame, an online lender providing access to capital in India, has raised $2.25 million. According to the India Times, the funding round was led by Parag Saxena, co-founder of Vedanta Capital and William Campbell, former chairman of Visa International. Additional investors included Toos Daruvala, co-chief executive… Read More

Andhra Pradesh Appoints KNOLSKAPE as Fintech Education Knowledge Partner

fintech

KNOLSKAPE, a modern workplace experimental learning company, announced on Wednesday it was selected as the knowledge partner of the new fintech education program of Andhra Pradesh (GoAP), a state in India. The company stated it would forming partnerships with universities in the state, along with… Read More

Fintech Investment in India Picks Up After Demonetization Move

i love fintech

Over 25 startups in the online lending space have rapidly emerged over the past two years, according to TechCircle analysis.  Despite signs that global fintech investment was slowing in 2016, VCCircle‘s analysis for 2017 suggests that such investment may pick up again. Arti Singh and… Read More

Indian Demonetization & Rupee Reform: The Uber Moment Fintech Needed?

India Money

When Indian Prime Minister Narendra Modi announced in November that the country would no longer use its R500 and R1000 (approximately $7.50 and $15.00) currencies — which make up 86 percent of all cash in circulation in India — observers questioned the wisdom of the… Read More

P2P Lending Platform Rupaiya Exchange Secures $200,000 in Angel Funding

Money Benjamin Dollars 100

Earlier this month, Delhi-based peer-to-peer lending platform, Rupaiya Exchange, announced it secured $200,000 in angel funding from HNIs and investors. Launched in November 2015 by founder Rohan Hazrati, the company stated it aims to connect borrowers and lenders to facilitate peer-to-peer lending in India. According to ET… Read More

Mobile Wallet FreeCharge Partners with eBay India’s Billdesk & Food-on-Demand Platform Faasos

priti-shah

Indian mobile wallet platform FreeCharge announced its partnership with the online marketplace pioneer eBay India via Billdesk and Faasos, one of the country’s leading food on demand businesses.  The Billdesk partnership allows FreeCharge and eBay customers access to over 100 million product listings, for which they… Read More

Indian Fintecher Paynear Partners with FreeCharge to Grow Network

priti-shah

India’s digital payments platform FreeCharge announced a partnership with payment solution provider Paynear, extending FreeCharge’s acceptance to another 15,000 merchants across 22 states in India. All 15,000 small scale merchants and individual shop owners using Paynear solutions can now accept payments using FreeCharge including retail, hospitality, food… Read More

India Update: Founders Lahoti and Kumar Discuss Ah! Ventures’ Now Live Marketplace

Harshad Lahoti

The new India-based ah! Marketplace, a platform which aims to connect startups to find relevant service providers at every step of their entrepreneurial journey, works on a model wherein accredited service providers from various sectors such as technology, legal advisory, design, content, finance and HR,… Read More

Remittance Service Platforms in Singapore Aim to Lower Costs & Increase Access

Singapore Infinity Pool Asia

Economic migrants rely on remittances to ensure that their families are well off at home and to maintain ties to their home countries.  Fees imposed by big banks and traditional remittance institutions eat into foreign workers’ hard-earned incomes, however, so startups focused on money transfers… Read More

Indian AltFin Startup OpenTap Aims to Create Greater Access to Short-Term Loans

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Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

Brief: India-Based Fintech Company DataSign Technologies Secures Angel Funding

India Money

Datasigns Technologies Pvt. Ltd, an India-based fintech company behind ShubhLoans, has secured an undisclosed amount during an angel funding round, which was led by former MD of JP Morgan Sanjai Vohra and managing director and India CEO of Goldman Sachs, V. Bunty Bohra. Founded earlier this year by Anand… Read More

Brief: Monexo Plans to Expand Peer-to-Peer Lending Operations to Kolkata

Mukesh Bubna

Hong Kong-based Monexo announced this week it is looking to expand its peer-to-peer lending operations in the city of Kolkata. Founder and CEO of Monexo, Mukesh Bubna confirmed that the lender is going to start with services for personal loans.  Bubna revealed: “We have taken an… Read More

UK & India Partner on Tech Summit. Fintech Labeled Next Big Transformation in India

may-nodi-handshake

Fintech is emerging as the next big transformation in India India and the UK held a joint Tech Summit on November 7-9 in New Delhi, where Prime Minister Narendra Modi of India emphasized close collaboration between the two nations during his remarks because it was “vital that India… Read More

KredX Raises $6.25M in Series A Round Led by Sequoia Capital India & Prime Venture Partners

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Short-term working capital provider KredX, which helps small businesses get short-term working capital by discounting their unpaid invoices, has raised $6.25 Million in Series A round of funding. The funding round was led by Sequoia Capital India and the company’s existing investor, Prime Venture Partners. The fresh funds will… Read More

MobiKwik Co-Founder Upasana Taku Comments: No Transaction Fee for Unorganized Retail Merchants ‘Til 2017!

upasana-taku

No transaction fees until 2017! The India-based online recharge and mobile wallet company MobiKwik announced that it is waving its per transaction fee for all unorganized retail merchants until December 31 to promote the adoption of e-cash among the local grocery stores, chemists, apparel stores… Read More

Singapore Signs Cooperation Agreement with Southern India State of Andhara Pradesh

Singapore Fintech iPhone Asia

The Monetary Authority of Singapore (MAS) has signed another cooperation agreement to help propel mutual interests in Fintech development.  MAS has signed an agreement to cooperate with the government of Andhra Pradesh (GoAP), a state in India. Andhra Pradesh is one of 29 states and… Read More

CEO Bubna Comments on Monexo’s Plan to Raise $10M, Instigate Growth into India’s P2P Lending Sector

Mukesh Bubna

Hong Kong-based Monexo seeks to grow its Indian P2P lending arm, planing to raise about $10 million by December 2016 to scale up its business in India and South East Asian countries, reported The Economic Times. “We are looking to raise about $10 million by December… Read More

Barclays’ Rise Mumbai Accelerator Launches First Cohort: Features 10 Fintech Startups

Taj Mahal India

Rise Mumbai Accelerator, Barclay’s fintech accelerating program, announced it has assembled its first cohort, which consists of 10 startups. The India-based program is described as a community of the thinkers and doers that are working together to create the future of financial services. Its team revealed:… Read More

Indian Fintecher MobiKwik’s UPI Takes Off, Partners with ICICI Bank

Map of India

India-based mobile wallet company MobiKwik announced the launch of a UPI (Unified Payments Interface) on its platform which enables users to access online payments with added services including netbanking, wallets, and credit/debit cards. In addition, MobiKwik entered into a partnership with ICICI Bank which allows users to load money into their… Read More