Tagged: Bengaluru

May 3, 2022 @ 10:02 pm By Omar Faridi  |  

Open Financial Technologies has reportedly acquired $50 million in capital via a Series D funding round that was led by IIFL Finance. Existing investors Tiger Global, Temasek and 3one4 Capital have also made contributions to  Open Financial Technologies latest investment round. Neobanking platform Open Financial… Read More

March 7, 2022 @ 10:08 pm By Omar Faridi  |  

India’s Venture Debt Report 2022, released by Stride Ventures, reveals that the year 2021 saw 111 firms acquiring funds via debt, of which 91 companies were categorized as unique. Bengaluru reportedly saw the highest number of venture debt deals, making up 40% of all such… Read More

February 25, 2022 @ 9:57 pm By Tony Zerucha  |  

Perfios, a Fintech firm that aggregates then analyzes financial data, has confirmed a successful $70 million Series C financing round. These funds are earmarked for staffing, expansion, acquisitions, capex, and working capital. Existing investors Warburg Pincus and Bessemer India floated the cash. The fresh raise… Read More

February 22, 2022 @ 9:43 pm By Omar Faridi  |  

Digital insurance marketplace RenewBuy has reportedly acquired Bengaluru-headquartered Fintech firm Artivatic.AI. The strategic acquisition by RenewBuy has been made as it aims to scale its operations and further enhance its tech stack to address the requirements of clients in insurance claim settlement, risk assessment and… Read More

September 23, 2021 @ 7:39 pm By Omar Faridi  |  

Karbon Card, a Fintech firm providing corporate cards, has secured $12 million (appr. INR 88.8 crore) in a Pre-Series A funding round from US-based Fintech Unicorn Ramp, Rainfall Ventures, Roka Works, Y Combinator, and other international investors. Ramp is a New York-headquartered spend/budget management app… Read More

June 7, 2021 @ 10:01 pm By Omar Faridi  |  

The State Bank of India (SBI) (NSE:SBIN), a multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra, reports that it has made a strategic investment in Paypal-incubated digital payments Fintech Cashfree. Launched in 2015, the Bengaluru-headquartered Fintech firm handles more than… Read More

February 17, 2021 @ 11:22 pm By Omar Faridi  |  

Bengaluru-based Fintech lending firm KreditBee has finalized a $75 million Series C equity round which included participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures (consisting of both primary and secondary investment). Madhusudan E, Co-Founder & CEO of KreditBee,… Read More

February 2, 2021 @ 10:16 pm By Omar Faridi  |  

Bengaluru-based Simpl, a company that aims to make money simple, so that people can “live well and do amazing things,” has noted that the recent India budget appears to be focusing on the “revival” of inclusive economic growth and an “expansionary fiscal policy that prioritized… Read More

January 7, 2021 @ 10:57 pm By Omar Faridi  |  

India’s B2B digital commerce platform Udaan has secured $280 million in funding via its extended Series D investment round from new and existing investors. Octahedron Capital and Moonstone Capital are listed as new investors. They’ve joined Udaan’s existing backers which reportedly includes Altimeter, DST Global,… Read More

December 12, 2020 @ 6:57 pm By Omar Faridi  |  

Smallcase, a Fintech firm that allows people to invest in a basket of stocks, has acquired an undisclosed amount of capital (as part of its Series B investment round) from HDFC Bank, an Indian banking and financial services company based in Mumbai. HDFC Bank (NSE:… Read More

October 23, 2020 @ 6:25 pm By Omar Faridi  |  

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

October 8, 2020 @ 8:01 pm By Omar Faridi  |  

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

June 27, 2020 @ 3:09 pm By Omar Faridi  |  

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

May 11, 2020 @ 9:57 pm By Omar Faridi  |  

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

May 1, 2020 @ 10:22 pm By Omar Faridi  |  

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

April 15, 2020 @ 10:19 pm By Omar Faridi  |  

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

April 12, 2020 @ 10:07 pm By Omar Faridi  |  

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

April 9, 2020 @ 10:00 pm By Omar Faridi  |  

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

March 23, 2020 @ 11:15 am By Omar Faridi  |  

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

February 29, 2020 @ 5:28 pm By Omar Faridi  |  

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