Search Results for: One 97 Communications Ltd

December 15, 2019 @ 2:33 pm By Omar Faridi  |  

Indian online payments company Paytm’s parent has secured 4,724 Crore (appr. $660 million) from several large investors including Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and investments are overseen by T Rowe Price. The board members of One 97 Communications Ltd, Paytm’s parent, will be allocating… Read More

September 4, 2018 @ 7:41 am By Erin Hobey  |  

Today Paytm‘s newest wallet addition, its Paytm Money app, went live on Android and iOS. In preparation for the launch, the platform reported reaped in 500K registrations to officially start Money’s operations with 850K users, with 65% of the users based in India’s top 15 cities. The announced… Read More

August 27, 2018 @ 4:04 pm By Samantha Hurst  |  

Berkshire Hathaway, a multinational conglomerate holding company that was founded by American business magnate, investor, speaker and philanthropist Warren Buffett, is reportedly set to buy a small stake in One97 Communications Ltd, the parent of mobile wallet service provider Paytm. According to India’s media outlet… Read More

July 28, 2017 @ 1:12 pm By Samantha Hurst  |  

Phenomenon One Communications (PH1) is a fast growing and profitable web-based telecommunications company. In order to expand its operations, the company is now looking to raise up to £250,000 via a secured crowd bond on the Crowd for Angels crowdfunding platform. The 1-year bond will… Read More

May 5, 2024 @ 5:47 pm By Michael Wong  |  

Indian fintech giant Paytm has announced significant changes to its executive team following the resignation of its Chief Operating Officer (COO), Bhavesh Gupta. Gupta stepped down citing personal reasons, according to a statement released by Paytm’s parent company, One 97 Communications Ltd. His departure comes… Read More

October 27, 2024 @ 9:33 pm By Omar Faridi  |  

Like other parts of the world, Asia also requires significant capital in order to upgrade its infrastructure. Andrew Tan in a detailed blog post has recently made the case for making strategic investments in the underserved middle market. Back in 2018, the Global Infrastructure Hub,… Read More

February 1, 2024 @ 10:19 am By JD Alois  |  

Paytm, the operating name of One 97 Communications Limited (PAYTM.NS), shares cratered today as the Reserve Bank of India (RBI) decided to halt deposits in its digital wallet and accounts. Paytm describes itself as India’s most loved payments app. The company also operates Paytm Payments… Read More

December 27, 2020 @ 7:03 pm By JD Alois  |  

Earlier this month, the Monetary Authority of Singapore (MAS) announced the first four digital banks approved by the regulator. The first digital banks out of the gate are the culmination of a multi-year process where MAS. In June 2019, MAS announced it would approve up… Read More

December 10, 2020 @ 10:57 pm By Omar Faridi  |  

Singapore has managed to attract the highest total funding amount (at 42%) in the ASEAN region – which includes other major Southeast Asian economies such as Indonesia, Malaysia, Thailand, Vietnam, the Philippines, among others. Overall investor interest in Singapore’s Fintech companies continues to remain quite… Read More

October 10, 2020 @ 10:58 pm By Omar Faridi  |  

VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), an established multinational provider of connectivity and various digital services, has revealed that Mobilink Microfinance Bank Ltd (MMBL), which is part of Pakistan’s mobile operator Jazz, has been awarded “the Best MicroFinance Bank (Digital) of the Year Award”… Read More

July 13, 2020 @ 8:39 pm By Omar Faridi  |  

Indian digital payments giant Paytm recently acquired insurance company Raheja QBE for $74 million. Amit Nayyar, President at Paytm, has noted that the company aims to promote greater financial inclusion by helping half a billion Indians with gaining access to modern digital platforms and services…. Read More

January 7, 2020 @ 8:09 pm By Omar Faridi  |  

The ongoing race and competition between local Fintech firms for acquiring a digital banking license in Malaysia continues to intensify, particularly after Bank Negara Malaysia (BNM), the nation’s central bank, revealed additional details regarding the licensing process. BNM’s Exposure Draft on Licensing Framework for Digital… Read More

October 13, 2019 @ 12:46 pm By Omar Faridi  |  

Facebook’s subsidiary Calibra is being sued for trademark infringement by Current, the developer of a mobile banking app. The complaint was submitted on October 10 in the US District Court for the Southern District of New York. It alleges that Calibra’s logo is quite similar… Read More

August 4, 2017 @ 1:05 pm By Samantha Hurst  |  

Global fintech firm InvestCloud Inc. announced on Thursday it has been appointed by Dinosaur Merchant Bank Ltd. to provide the new digital platform for the bank’s European and Latin American wealth management customers. The company revealed that Dinosaur Merchant Bank will be using its flagship… Read More

July 27, 2017 @ 3:00 pm By Patrick A. Reardon  |  

  The decline in the number of public companies in the United States and the decline in the number of initial public offerings (IPOs) that occur each year are widely decried. It is irony that many who bemoan these changes are the very persons who… Read More

July 22, 2017 @ 5:21 pm By Xu Gao  |  

National Financial Work Conference Points Out Clear Way for Building Financial ‘Super Regulator’ The two-day national financial work conference held from July 14-15 in Beijing came up with major principles for the country’s financial work, and make statements about direct financing and the construction of… Read More

May 13, 2017 @ 10:00 am By Xu Gao  |  

There May Come the JD Bank JD.com Inc., China’s second-biggest e-commerce player, announced its financial arm was about to launch its own direct bank. After acquiring the banking license, this internet giant announced to cooperate with a domestic traditional bank to open a direct bank,… Read More

May 9, 2017 @ 8:07 am By Erin Hobey  |  

One billion dollars. MobiKwik is set to raise funds from investors including BlackRock Inc. which will value the innovative Indian Fintech company at about $1 billion, according to Bloomberg. Headquartered in Gurgaon, MobiKwik offers a mobile phone based payment system. Customers add money to an online wallet that… Read More

February 1, 2017 @ 11:57 am By JD Alois  |  

OurCrowd, a leading global equity crowdfunding platform, is ready to host their Global Investor Summit this coming February. A quick review of the year prior OurCrowd event indicates very strong growth for this coming year. OurCrowd estimated participation at over 3,000 attendees in 2016.  For… Read More

June 6, 2016 @ 8:36 am By JD Alois  |  

88 Delicious Brands Limited listed an offer on Crowdcube back in 2013. The crowdfunding round had raised a substantial amount of funding before Crowdcube pulled the plug and removed the campaign.  Crowdcube states that no funds were taken or transferred via their platform. Apparently Alan Colton Jr.,… Read More