Tagged: Bengaluru

Bengaluru based Fintech Startup Walrus Is Launching Personalized Debit Card for Teenagers to Encourage Better Money Management

Bengaluru based Fintech startup Walrus is launching a personalized debit card for teenagers. The company says it wants to help teens become financially “smart” from a young age so that they are able to effectively manage their finances as they get older and have more… Read More

Bengaluru based Fintech Simpl to Support 1,500 New Digital Commerce Merchants via RazorPay

Bengaluru based Simpl, a company that aims to make money simple, so that people can “live well and do amazing things,” has reportedly added 1,500 new merchants through digital banking platform Razorpay during the lockdown period (following the COVID outbreak). Simpl‘s partnership with Razorpay will… Read More

Indian Fintech Rupeek, a Gold Lending Startup, has Introduced “Zero Contact” Gold Loan Kiosks to Provide Financing Options during COVID-19

Rupeek, an Indian online gold loan company, has introduced RupeekZ, a “zero contact” gold loan kiosk, in order to safely issue gold loans, following the COVID-19 outbreak and resulting economic challenges. The Fintech firm says it aims to eliminate human touch during transactions to prevent… Read More

Indian Neobank RazorPay to Hire More Staff to Meet Rising Demand for Digital Payments Due to COVID-19

India-based digital bank RazorPay announced on May 11, 2020 that it’s planning to recruit more staff members for key positions across its engineering and product design teams. As previously reported, the banking challenger had revealed that there had been a significant increase in the number… Read More

Bengaluru-based Digital Bank RazorPay Reports “Tremendous Adoption” of Fintech and Virtual Payments Due to COVID-19

Bengaluru-based Digital Bank RazorPay reports that there has been a significant increase in the number of digital payments, following the Coronavirus (COVID-19) outbreak. RazorPay notes in its recent report that only a month into the nationwide lockdown in India, there has been a noticeable shift… Read More

Indian Fintech PhonePe to Support Home Delivery Options via its Digital Payments App During COVID-19 Crisis

India-based PhonePe, a major digital payments platform, will be supporting delivery as an option through its app. The Bengaluru-headquartered Fintech firm will introduce a feature in the “Stores” section of its app, which will allow users to have groceries and other essentials delivered to their… Read More

Digital Banking: India’s Jana Small Finance Bank Introduces DIGIGEN, a Neobank with Competitive Interest Rates

Bengaluru-based Jana Small Finance Bank, a scheduled commercial bank, has introduced a new digital banking solution, called DIGIGEN. The neobank will allow users to digitally open a savings account and offers various fixed deposit options, which can be accessed instantly from anywhere at any time…. Read More

Indian Neobank Amica Technologies Secures $2 Million in Funding from Bedrock Capital, Hummingbird Ventures

Neobank Amica Technologies, which is managed by Jitendra Gupta, the former PayU India’s chief executive, has acquired $2 million in capital through an investment round led by two major VC firms, including UK-based Hummingbird Ventures and US-headquartered Bedrock Capital. Gupta said his company is planning… Read More

Indian Authorities Arrest 26-Year-Old Woman who Allegedly Stole 64 Bitcoins (BTC) from Local Crypto Firm

Indian authorities have arrested a woman who allegedly stole 64 Bitcoins (BTC), valued at around $380,000 (at time of writing), from a company where she had been working. Ayushi Jain, a 26-year-old woman, had reportedly been employed at Bitcipher Labs, a Bengaluru-headquartered firm. As confirmed… Read More

Business Payments Platform Cashfree Partners HDFC Bank, Kotak Bank, IndusInd Bank to Update Payouts, its Bulk Disbursal Platform

Bengaluru-headquartered Cashfree, a business payments platform, has teamed up with HDFC Bank, Kotak Bank and IndusInd Bank in order to enhance its bulk disbursal platform, called Payouts. Payouts is an API-based banking platform that automates how funds are transferred (in bulk) to any firm’s bank… Read More

Walmart Owned PhonePe Acquires $60 Million in Funding to Expand Operations, Compete with Amazon Pay, Google Pay, Paytm

Bengaluru- based PhonePe, a company owned by the world’s largest retail company Walmart, has acquired INR 4.27 billion (appr. $60 million) in capital from its Singapore-headquartered parent firm – as confirmed by the Registrar of Companies filings and several media reports.  According to documents sourced… Read More

India-based AI-enhanced Consumer Lending Platform ZestMoney Records Over 125% EMI Financing in 2019

India-based ZestMoney, an artificial intelligence (AI)-powered consumer lending platform, confirmed recently that last year, it managed to record more than 125% in equated monthly installment (EMI) financing. The Bengaluru-headquartered firm noted that online EMIs comprise a large portion of the Indian economy, experiencing a record-breaking… Read More

Bengaluru-based Digital Bank RazorPay Introduces Instant Refunds to Enhance Customers’ Digital Payments Experience

Bengaluru-headquartered Razorpay, a digital bank startup, has introduced its Instant Refunds product, which aims to enhance its clients’ online payments experience. The newly-launched feature activates refunds and credits the user’s source account across several different payment methods including credit cards, net banking and UPI within… Read More

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