Tagged: india

Digital Lenders Association of India & PwC Publish Report on Impact of Fintech

The Digital Lenders Association of India (DLAI), a private association formed by leading Fintech companies in the online lending space such as KredX, Capital Float, Lendingkart, Finomena, Rubique, Zest Money, Indialends and Neogrowth, has released a report entitled Union Budget 2017: Impact of Digital Financial Services…. Read More

CEOs Segal & Koota Comment on Artoo’s Partnership with Grameen Koota

Grameen Koota, a pioneer in rural lending, is expanding its product portfolio and venturing into individual lending for its rural customer base by partnering with fintech firm Artoo. Grameen Koota plans to develop a digital lending model to launch individual business loans utilizing Artoo’s intelligent digital platform… Read More

P2P Lender Monexo Announces Undisclosed Strategic Partner Following Kolkata Launch

Hong Kong’s peer-to-peer lending platform Monexo announced on Monday it now has an undisclosed strategic partner. Founder and CEO of the online lender, Mukesh Bubna, reportedly stated that the new partner may be a domestic private equity fund. Bubna shared: “In 2017, our aspiration is… Read More

Securities Exchange Board of India Announces Fintech Committee Plans

The Securities Exchange Board of India (SEBI) is set to form an advisory committee dedicated to the country’s fintech industry. The committee will notably consist of experts and representatives from different fintech sectors. During Internet and Mobile Association of India (IAMAI)’s 11th Digital India Summit in… Read More

Walnut Syncs with TechProcess: Sending Money Instantly in India

Indian personal finance management apphttp://www.getwalnut.com Walnut has partnered with TechProcess Payment Services Ltd. (TPSL) to allow app users to freely transfer money across banks and cards. “Post demonetisation, number of digital payment transactions has risen up sharply in India,” commenting  Walnut CEO Amit Bhor. “We’re seeing a huge… Read More

Unicorn Spotting? MobiKwik Seeking Cash Infusion to Secure $1B Valuation

Mobile payments and digital wallet firm MobiKwik is reportedly  in talks to raise funding that would give the startup a $1 billion valuation, forging new ties with banks and offering new financial services on its growing platform, according to multiple news sources. Potential investor parties and sought funding… Read More

Student Micro-Financing Startup SlicePay Acquires P2P Lender Trustio

Lending startup SlicePay has bought Delhi-based P2P lending platform Trustio in an all equity deal which the former hopes will strengthen its team, product portfolio and infrastructure. Trustio, launched last year, enables alumni of a select number of colleges access to short-term credit sourced from their… Read More

Update: Fintechers Walnut, Artoo & CreditVidya Comment on Founders of the Union Budget 2017

CEO and founders from India-based fintech platforms Walnut, Artoo and CreditVidya weighed in to comment on yesterday’s Founders of the Union Budget 2017 given by Finance Minister Arun Jaitley, noting its potential impact in increasing access of digital services and  building a more inclusive economy: “The Budget announcements are… Read More

FICCI Report Explores Promises and Challenges of FinTech in India

The Federation of Indian Chambers of Commerce and Industry (FICCI) published a new report in January called “Leveraging the FinTech Opportunities in India” to highlight a number of topics, including digital payments, digital banking, blockchain, and online lending, to name a few. According to FICCI… Read More

India Crowdfunding Platform Wishberry Secures Funds Through Pre-Series A Round Led By iSPIRT’s Sharad Sharma

India’s reward-based crowdfunding platform, Wishberry, announced on Wednesday it secured an undisclosed amount during its Pre-Series A Funding round through LetsVenture. The funding portal revealed that the lead investor was Sharad Sharma from iSPIRT, along with Google’s Rajan Anandan, Amit Ranjan of SlideShare, Alok Mittal from IAN,… Read More

Startupbootcamp FinTech Selects 10 Startups to Join Inaugural Fintech Program in Mumbai

Startupbootcamp FinTech announced on Monday it has selected 10 startups to join its inaugural program in Mumbai. The group was selected from the Top 20 teams that made it to this round, after four months of scouting and nearly 300 applications from roadshows across Asia,… Read More

Seeking Unicorns: Indian Billionaire Kapoor Introduces Yes Fintech Accelerator

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

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

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

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?

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

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

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

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