April 10, 2018 @ 11:19 am By Samantha Hurst  |  

EMQ, a fintech firm with an extensive financial settlement network in Asia, announced on Tuesday a strategic partnership with Kotak Mahindra Bank to expand EMQ’s network footprint in India. This partnership will aid in meeting the growing demand for instant remittances to the country from more… Read More

April 6, 2018 @ 1:00 pm By Samantha Hurst  |  

Chinese smartphone developer Xiaomi announced plans to launch a new crowdfunding platform in India called Mi Crowdfunding. India is reportedly the second country Xiaomi has introduced crowdfunding to test new products. Through the new funding portal, Xiaomi can fund and sell the products launched. Xiaomi… Read More

April 4, 2018 @ 10:51 am By Samantha Hurst  |  

Finzy, an India-based peer-to-peer lending platform announced on Wednesday it secured $1.3 million through its Pre-Series A funding round. Founded in 2016, Finzy describes itself as a premier peer-to-peer lending solution that connects borrowers looking for quick personal loans with low-interest rates to investors who… Read More

April 3, 2018 @ 10:53 am By Erin Hobey  |  

Digital payments services are now live on India’s Microsoft Kaizala. By integrating the payment and both organizations’ mobile payment infrastructure services of Yes Bank and MobiKwik, Microsoft Kaizala users may swiftly send or receive money without having to leave the Kaizala mobile app. With Microsoft Kaizala, users will… Read More

April 2, 2018 @ 3:18 pm By Samantha Hurst  |  

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Monday it has launched outbound money transfer operations from India. This is being done through InstaReM’s partnership with DCB Bank Limited, an Authorised Dealer Category-I Bank, as per the Reserve Bank of India (RBI)’s… Read More

March 26, 2018 @ 2:21 pm By Samantha Hurst  |  

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced on Monday important developments in its Fintech ecosystem that further strengthen its position as MEASA’s number one and one of the world’s top ten FinTech… Read More

March 14, 2018 @ 11:28 am By Samantha Hurst  |  

Avail Finance, an India-based app-only online lending platform, has successfully secured $17 million in both equity and debt funding. The company stated that venture capital fund Matrix Partners led equity round while  Ola founders Bhavish Aggarwal and Ankit Bhati, Flipkart’s co-founder Binny Bansal, Kunal Shah, co-founder of Freecharge;… Read More

March 14, 2018 @ 10:28 am By Samantha Hurst  |  

On Wednesday, global online payment service provider PayU announced it is collaborating with Kreditech, a digital consumer lending group that uses machine-learning based underwriting, to launch the beta phase of PayU Monedo in India. According to PayU, PayU Monedo is set to provide cardless EMIs (equated… Read More

March 13, 2018 @ 12:02 pm By Erin Hobey  |  

RBL Bank, an Indian private sector banks, and CreditVidya, a leading Indian fintech firm which provides alternate data credit underwriting solutions to over 25 premier financial institutions, have joined forces to enable RBL Bank to instantly verify the employment details of salaried individuals, consequently reducing… Read More

March 13, 2018 @ 10:00 am By Samantha Hurst  |  

Pine Labs, an India-based digital payments platform, has secured $82 million through its latest investment round, which was led by Actis Capital, with participation from Altimeter Capital. Founded in 1998, Pine Labs stated it began its journey with specialty payment & loyalty solutions for closed-user group… Read More

March 9, 2018 @ 3:28 pm By JD Alois  |  

Wemerge Ventures Ltd, a Blockchain project that brings together entrepreneurs, angel investors, blockchain experts and top management with MNC experience from the US, China, India, Lithuania, Australia, Singapore and Malaysia, has launched a community blockchain incubator. During an event in Malaysia, the group announced their… Read More

March 5, 2018 @ 12:01 pm By Samantha Hurst  |  

Maliyya, a Dubai-based fintech company engaged in the development of a P2P lending and borrowing platform, announced on Monday it secured $1.3 million during its latest seed funding round, which was led by Ground1 Ventures, a private investment firm based out of UK.  Founded in 2016, Maliyya… Read More

February 27, 2018 @ 1:11 pm By JD Alois  |  

Swedish electric car manufacturer Uniti  says it has concluded its first step in bringing its electric vehicle (EV) to Asia with a successful introduction of the Uniti One at India’s Auto Expo 2018 in New Delhi. Without providing specific order numbers, Uniti said it had… Read More

February 19, 2018 @ 4:12 pm By Samantha Hurst  |  

India-based fintech Invoice Bazaar Holdings announced this week it has purchased a minority stake for an undisclosed amount in online shipping documentation provider and partner, ODeX.  Founded in 2015, Invoice Bazaar describes itself as a startup opening in the arena of Supply Chain Finance (SCF). The… Read More

January 17, 2018 @ 4:14 pm By Samantha Hurst  |  

Earlier this week, AngelList announced the launch of Syndicates for India, which is described as a new way for investors in India to invest alongside experienced angels and VC funds that invest in the country’s tech industry. AngelList stated: “Syndicates are a private single-deal investment… Read More

January 10, 2018 @ 10:51 am By Samantha Hurst  |  

India-based fintech NiYO announced on Wednesday it secured $13.2 million (85 crore) during its Series A funding round to drive the continued expansion of its payroll and benefits platform in India. The investment was made by Social Capital, JS Capital LLc (the family office of Jonathan Soros),… Read More

January 5, 2018 @ 10:40 pm By Samantha Hurst  |  

Wishfin, an India-based online marketplace, announced it is seeking to raise up to $50 million during its upcoming funding round. Founded in 2016, Wishfin is a platform that’s run by Mywish Marketplaces Private Limited (MMPL), which has notably creased financial marketplaces in India. It has more… Read More

January 4, 2018 @ 12:00 pm By Samantha Hurst  |  

India-based fintech EarlySalary announced on Thursday it secured Rs. 100 Crores through its Seris B funding round, which was led by Eight Roads Ventures India with participation from IDG Ventures India, Dewan Housing Finance Corp. Ltd. (DHFL) and seed investor Ashok Agarwal. The latest funding round comes just a few… Read More

December 27, 2017 @ 9:25 am By Erin Hobey  |  

Ahmedabad-based SME lending startup and Digital Lenders Association of India member Lendingkart Finance has secured $3.8 M (INR 25 Cr) in debt from the State Bank of India according to multiple news sources, just three months after hauling in $10.9M (INR 70 Cr) in funding round led… Read More

December 12, 2017 @ 11:39 am By Erin Hobey  |  

Attention MobiKwik, RazorPay and PayPal, Payments startup Stripe has just announced its entrance into the Indian mobile wallet sector! “Today we’re starting an invite-only beta for Stripe in India with a small group of companies. These businesses will help us test our platform in the… Read More