Tagged: india

AngelList Announces Syndicates For India

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

India-Based Fintech NiYO Secures $13.2 million Through Series A Funding Round to Drive Payroll & Benefits Platform Expansion

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

India-Based Online Marketplace Wishfin Seeks to Raise Up to $50 Million During Upcoming Finance Round

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

India-Based Fintech EarlySalary Raises Rs. 100 Crores Million During Series B Funding Round Led By Eight Roads Ventures

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

Lendingkart Hauls in $3.8M in Debt Funding with Plans for Future Growth

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

Stripe Follows PayPal’s Passage into India, Initiates Invite-Only Beta

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

Australian Securities & Investments Commissions Signs New Fintech Cooperate Agreement With Dubai Financial Services Authority

This week, the Australian Securities and Investments Commission (ASIC) announced it has signed a new fintech cooperate agreement With Dubai Financial Services Authority (DFSA). According to the ASIC, this new agreement will enable it and the DFSA to refer innovative fintech businesses to each other… Read More

Walnut Brief: Tracking 20% Spending Increase in India During Diwali

India saw a 20% increase in spends during Diwali compared to the previous quarter reported Walnut, a leading personal finance app based in India, suggesting strong consumer demand and “festive cheer.” ‘Tis the season! The app revealed interesting insights on consumers’ spending habits during this festive… Read More

PayPal Opens Domestic Operations in India & Launches Money Pool Fundraising Feature

PayPal announced earlier this week that it has launched domestic operations in India. The company revealed that over the past decade it has been on a journey to digitize India by enabling cross-border transaction. “Today, we are proud to announce that we are adding domestic… Read More

FinTech Hive Member Sarwa Digital Wealth Receives In-Principle Approval For Innovation Testing License From Dubai Financial Services Authority

The Dubai Financial Services Authority (DFSA) today granted Sarwa Digital Wealth Limited (Sarwa), an automated investment advice service, in-principle approval for its Innovation Testing Licence (ITL). According to the organization, Sarwa Digital Wealth is considered the first fintech operator to receive approval for this special… Read More

NIN Ventures Begins International Expansion By Opening India Office

Nin Ventures announced on Monday it has begun its international expansion by opening its new office in India. It was revealed: “India is one of the most competitive nations in the world, equipped with both skilled and unskilled workforce in areas of science, engineering, technology,… Read More

FundedByMe Expansion: Launches Operations in Dubai & UAE

On Thursday, FundedByMe announced it has launched operations in both Dubai and the UAE. This news comes less than two months after FundedByMe launched its operations in Mexico FundedByMe stated it has the ambition to be a true global player in the equity crowdfunding scene. The… Read More

Peer to Peer Lending Rules Revealed in India

The Reserve Bank of India (RBI) is out with “Master Directions” regarding non-banking financial companies or peer to peer lenders. RBI indicated last month P2P lenders would not be considered banks. The governmental directive is officially known as the “Non-Banking Financial Company – Peer to… Read More

Abu Dhabi Global Market Announce New Fintech Partnership With Abu Dhabi Islamic Bank

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announced on Monday it has formed a new partnership with Abu Dhabi Islamic Bank (ADIB), a leading financial institution, to seek opportunities to collaborate and consult on initiatives to promote the growth and… Read More

Reserve Bank of India Set to Classify Peer-to-Peer Lending Platforms As Non-Banking Financial Institutions

Reserve Bank of India recently announced it will be classifying peer-to-peer lending platforms as non-banking financial institutions. According to Economic Times, Sudarshan Sen, executive director of RBI, announced that the regulator is currently waiting for the gazette notifications from the central government for the final… Read More

Fintech Startup InstaReM Receives RBI Approval to Offer Outbound Remittance Services From India

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Monday it has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM stated its plans to… Read More

Online Lending Platform EarlySalary Secures Rs 5 Crore Debt Financing Investment From IFMR Capital

India-based online lending platform EarlySalary has reportedly received Rs 5 Crore debt financing investment from IFMR Capital. Founded in 2015 by Ashish Goyal and Akshay Mehrotra, EarlySalary stated that it is building its mobile first platform, smart risk scoring system, and will soon introduce a fast/easy… Read More

India-based Online Lender Capital Float Secures $45 Million During Series C Funding Round Led By Ribbit Capital

Last week, India-based online lender Capital Float announced it secured $45 million during its Series C funding round, which was led by Ribbit Capital with participation from returning investors SAIF Partners, Sequoia India, and Creation Investment. Founded in 2013, Capital Float describes itself as a… Read More

dLocal Announces Payments Platform Launch in India

dLocal, a fintech company specializing in facilitating cross-border payments for global e-commerce merchants in emerging markets, announced on Thursday the launch of its payments platform in India. The company stated its newly-opened local office in New Delhi enables global e-merchants to accept and remit payments… Read More

Singapore Fintech Hub Lattice80 Expands: Set to Open New India Office

LATTICE80, Singapore-based Fintech hub owned and operated by private investment firm Marvelstone Group, announced it is set to open its new office in India this month. According to Bloomberg, the hub is currently in discussion with thirty tenants for the 30,000 square feet office space, which… Read More