Tagged: india

Global Fintech Funding Remains Steady with Many Asian Fintechs Raising Massive Mega-Rounds: Report

Fintech funding has really picked up in 2021. It’s estimated to have already reached $15 billion during the first quarter, according to CB Insights data. In Asia, Fintech-related investments are on track to exceed $2.6 billion, which is notably the continent’s highest quarterly total since… Read More

Indian Fintech Cred Secures $215M via Series D Round led by Falcon Edge Capital

India-based Cred, a fast-growing Fintech firm that lets clients pay off their credit card bills and gives them rewards in return, has managed to reach a $2.2 billion valuation after its $215 million Series D round that was led by Falcon Edge Capital. Coatue Management… Read More

Neobanking Fintech StashFin Secures $40M via Series B Extension led by Prominent Global Investros

Singapore-headquartered neo-banking platform StashFin has finalized a Series B extension equity financing valued at $40 million from several international investors. New investors taking part in StashFin‘s investment round included Altara Ventures and Uncorrelated Ventures along with contributions from investors such as Integrated Capital, Kravis Investment… Read More

Pine Labs Reports that CIMB Bank, HSBC Bank, Others are Using its Buy Now Pay Later Solution, Now Also Available in Malaysia

Pine Labs, an Asian merchant commerce solution provider that’s backed by payments giant Mastercard, has introduced a Buy Now, Pay Later (BNPL) solution in Malaysia. Pine Labs aims to offer a technology-focused offline payments platform where several different credit card issuers can use a common… Read More

Indian Cities Report New Record Number of Digital Transactions, while Microfinance Sector Leverages Latest Technologies

The Yogi Adityanath government in Uttar Pradesh (India) has revealed that the area has set a new record in the number of digital transactions performed. Lucknow, The Yogi Adityanath government in Uttar Pradesh reports that banks are now playing a key role in promoting digital… Read More

Indian Officials Say they have “Major Concerns” Regarding Cryptos like Bitcoin, Authorities May Require Disclosing Crypto Earnings

Local sources in India have commented on why the government may want residents to disclose their digital currency holdings. Industry professionals in the country have pointed out that the Indian corporate affairs ministry could be looking for disclosures from firms in order to get a… Read More

Reserve Bank of India Governor: Local Fintech Startups May Compete with to Offer Digital Financial Services

Digital payments in India are being increasingly adopted by businesses and individual consumers. Online lending platforms are also becoming more popular in the country that’s home to around 1.5 billion residents. The Reserve Bank of India (RBI) has introduced several initiatives that are aimed at… Read More

Coinbase Reveals it’s Now Recruiting Skilled Tech Professionals in India, Despite Nation’s Lack of Regulatory Clarity on Cryptos

Digital asset marketplace Coinbase has revealed that it’s planning to hire in India, a country that has been attempting to ban “private” cryptocurrencies like Bitcoin. However, the nation’s authorities recently clarified that they’re not going to shut off crypto activity completely, meaning digital currencies may… Read More

India’s Paytm Payments Bank Approved for @Paytm UPI Handle by SEBI to Enable Seamless Payment Mandates for IPO Applications

Indian digital payments giant Paytm recently confirmed that its pleased to share that Paytm Payments Bank Ltd (PPBL) has been given approval for its @Paytm UPI handle from the Securities and Exchange Board of India (SEBI) to “enable fast and seamless payment mandates for IPO… Read More

Indian Neobank Razorpay Provides Updates on Local and Global Digital Banking and Fintech Ecosystem

Indian neobank Razorpay points out that it seems like banks have been “around forever.” In India, for example, the history of banking “dates way back to 1750 BC,” the company reveals. It also mentions that we’ve traditionally or historically been dependent on banking institutions for… Read More

M2P Solutions- YAP Raises $10 Million Series B, Offers Bundle APIs for Banks and More

M2P Solutions- YAP has raised $10 million in a Series B funding round led by Flourish Ventures and Omidyar Network India. YAP’s existing investors—Beenext, 8i Ventures and Better Capital also participated in the financing round. Terms of the round were not disclosed. Based in Chennai,… Read More

India’s Axis Bank Introduces “Wear N’ Pay” Payment Solution

India-based banking group Axis Bank recently announced it has launched its own range of wearable contactless payment devices, called Wear N’ Pay. Axis Bank reported it teamed up with Thales and Tappy Technologies to design and create the products, which are exclusively available on the Mastercard platform…. Read More

Financial and Legal Experts in India Continue to Comment on Government’s Questionable Stance on Bitcoin and Wider Crypto Market Regulations

The Capital confirms that India has been going through a major regulatory process related to the nascent cryptocurrency markets. The Capital notes that the advancements in other areas of crypto such as the innovation in decentralized finance (DeFi) in the 21st century might have taken… Read More

Fintech Sector in India Projected to Grow by $100B by 2025, Expected to be Valued at $160B: Report

India’s Fintech industry is on track to reach a valuation of $150-$160 billion by 2025, according to a new report. The report, titled “India Fintech: A $100 Billion Opportunity,” pointed out that over the last 5 years, India-based Fintechs have acquired around $10 billion in… Read More

Indian Government Officials to Take “Very Calibrated” Position on Regulating or Monitoring Bitcoin and Other Crypto Transactions

The Indian government may not completely ban (or attempt to) the use of decentralized cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). During a recent interview (conducted on March 5, 2021), India’s finance minister Nirmala Sitharaman clarified that she intends to support innovative crypto initiatives. #CNBCTV18IBLA… Read More

ICICI Bank: One Million Customers of Other Banks Are Using Banking App “iMobile Pay”

  India-based banking group ICICI Bank recently announced as many as one million customers of other banks have started using its banking app, iMobile Pay. ICICI reported to start using iMobile Pay, customers of any bank may link their bank account with the app, generate… Read More

Singapore based Insurtech Symbo Secures $9.4M to Expand Coverage Across India and Southeast Asia

  Singapore-based Symbo Platform Holdings, an Insurtech platform, has finalized a $9.4 million funding round that was led by the CreditEase Fintech Investment Fund. Symbo’s investment round included contributions from San Francisco’s investment company Think Investments along with investments from existing investors AJ Capital, Insignia… Read More

India-Based Merchant Commerce Platform Pine Labs Announces Southeast Asia Expansion Through Mastercard Partnership

    Pine Labs, an India-based merchant commerce platform, announced on Thursday it is expanding its services to Southeast Asia, thanks to key organizational changes. As previously reported, Pine Labs notably offers a merchant platform that includes technology and financial solutions for merchants to help… Read More

India-Based Axis Bank Announce New Partnership With Chatting App WhatsApp

  India-based banking group Axis Bank announced on Wednesday it has formed a new partnership with chatting app WhatsApp to offer basic banking services to its customers. According to Axis Bank, the partnership will allow customers to seek information regarding their account balance, recent transactions, credit card… Read More

P2P Bitcoin Exchanges Paxful and LocalBitcoins Report Steady Growth of Global Operations including Asian Markets

LocalBitcoins, a peer to peer BTC exchange service, notes that Bitcoin is “swooping” over the world and Asia is now at “the center” of all the action. LocalBitcoins writes in a blog post that this should come as no surprise given all the opportunities Bitcoin… Read More

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