Tagged: india

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

Securities and Exchange Board of India Announces Committee Dedicated to Fintech

Securities and Exchange Board of India (SEBI) announced this week the launch of a new committee dedicated to financial and regulatory technologies. This news comes less than six months after the organization revealed plans for the committee.  During Internet and Mobile Association of India (IAMAI)’s… Read More

Startupbootcamp FinTech Mumbai Collaborates With PwC For New Fintech India Trends Report

Startupbootcamp FinTech Mumbai announced this week it has collaborated with PwC for a new India fintech report that revealed that the “open innovative paradigm” is increasingly being adopted by many traditional institutions. “The FinTech ecosystem in India has evolved significantly since its emergence and has… Read More

P2P Lender Faircent Announces New Auto Invest Feature

P2P lending platform Faircent announced the launch of its new auto investment feature, which according to Economic Times, will eliminate the need for lenders to browse through borrower profiles by automating the process. While sharing details about the new feature, Chief Technology and Product Officer… Read More

Deloitte Looks into the Crystal Ball, Reveals the Future of Finance in India

Deloitte has recently released a report concerned with how finance will look in the years to come, titled “Crunch time – Future of Finance in a Digital World: An Indian Perspective.” In this report, Deloitte takes into account how rapidly digital adoption has improved within… Read More

Ethereum Enterprise Alliance Adds 34 New Members Becoming World’s Largest Open Source Blockchain Intiative

This week, the Ethereum Enterprise Alliance (EEA) announced the addition of 34 new members, pushing the organization’s total membership to over 150 organizations, making the alliance the world’s largest open source blockchain initiative. World’s Largest Blockchain Initiative The EEA is an alliance of fortune 500… Read More

Ain’t No Stopping MobiKwik, Indian Mobile Wallet Celebrates New Partnership with Samsung Pay

Indian mobile wallet MobiKwik has linked with Samsung Pay, integrating with Samsung Pay Mini to enable one-tap payments at merchants using Mobikwik. “We are enthused by the tremendous response Samsung Pay has received since its launch, both from our consumers as well as partners. Moving… Read More

New Marketplace Vivriti Capital Aims to Address Indian End-to-End Financial Service Requirements

Vivriti Capital has launched in India, aiming to provide a financial services marketplace that will provide a comprehensive range of offerings across the lifecycle of customers that lack access to efficient finance. Vivriti Capital offers loans, receivables finance, working capital, structured debt and capital market instruments, seeking to transform the fragmented… Read More

InstaReM, a Cross-Border Payments Platform, Raises $13 Million

Singapore-based InstaReM, a digital cross-border payments company, is reporting it has just received a USD $13 million investment led by GSR Ventures, with participation from SBI-FMO Ventures, Vertex Ventures, Fullerton Financial Holdings (FFH), and Global Founders Capital (GFC). InstaReM said it intends to use the funding… Read More

OurCrowd Creates Unique Collaboration with LetsVenture, India’s Largest Marketplace for Startup Funding

OurCrowd, a leading equity crowdfunding platform, has signed a strategic collaboration agreement with LetsVenture, India’s largest marketplace for startup funding. The agreement means that OurCrowd will offer deals to Indian investor syndicates managed by LetsVenture. Simultaneously, OurCrowd will showcase Indian startups on its crowdfunding platform… Read More

Startupbootcamp Mumbai Selects Inaugural Class of Fintechs

One of the world’s leading accelerators for Fintech Startups, Starupbootcamps, announced their first round of companies that will join their inaugural program in Mumbai, India. These startups beat out nearly 300 other companies from Asia, Africa, Europe, and the Middle East. Since its launch in… Read More

India Fintech Startup Kissht Secures $2 Million From Endiya Partners & Ventureast

Mumbai-based fintech startup Kissht announced this week that it has secured $2 million from early-stage venture capital firm Endiya Partners and Ventureast. Launched in 2015, Kissht’s app now allows users to purchase items on EMI without using a credit card through collateral-free loans. The service… Read More

WISeKey Opens Blockchain Centre of Excellence in India

Cybersecurity company WISeKey announced on Wednesday the launch of its artificial intelligence and blockchain Centre of Excellence located in India that will support its global projects. According to the company, The India location will be working to expand its AI project, WISeAI-integrating the WISeKey Indian… Read More

3 Takeaways from Mary Meeker’s 2017 Internet Trends Report

This article highlights three takeaways for Fintech firms from Mary Meeker’s 355-page-long report: 1) The Internet’s center of gravity shifts to Asia; 2) The biggest get bigger; 3) Fintechs must use gamification to improve customer engagement. Since 2001, Mary Meeker, a Partner at venture capital… Read More

MobiKwik Phones Home, Adds 95 Million Users with New Telecom Partnership

India-owned telecom company Bharat Sanchar Nigam Limited (BSNL) and Indian mobile wallet platform MobiKwik have synced to develop BSNL’s mobile application, according to a release. MobiKwik will co-create BSNL wallet, a new semi-closed wallet to facilitate payment and also sell BSNL products. “We are proud to associate with BSNL in… Read More

India Insurance Company Coverfox Secures $15 Million During Series C Funding Round Led By Transamerica

India-based Coverfox has reportedly raised Rs 96 crore ($15 million) during its latest Series C Funding Round, which was led by U.S. insurer Transamerica with participation from existing investors. Founded in 2013 byVarun Dua and Devendra Rane, Coverfox reportedly offers products online for Indian customers across… Read More

Brief: Indian P2P Lender LoanMeet Secures Seed Funding from Chinese Investors

Increasingly cross national investment in fintech is becoming the norm.  As an example, today Bengaluru-based P2P lender lender LoanMeet has raised an undisclosed amount of seed funding from Chinese entrepreneur-turned-investors Cao Yibin and Huang Wei, along with KrazyBee.com co-founder and CEO Madhusudan E, according to multiple new… Read More

Flipkart to Add Online Loans to its Marketplace

Flipkart, one of the largest e-commerce platforms in India sales topping $2 billion each year, is getting into Fintech. Just like all other e-commerce platforms the combination of providing credit to customers is just too compelling of a business to pass up. Flipkart states that… Read More

OurCrowd Sets Up Tech Incubator in Israel with the Backing of Motorola, Reliance Industries & Yissum

OurCrowd, a leading equity crowdfunding platform, has partnered with Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance) and Yissum Technology Transfer Company of the Hebrew University of Jerusalem, to operate an “innovation technology incubator” that will support the growth of early stage startups in Jerusalem.  The… Read More

OurCrowd Partners with Reliance Private Client in India

OurCrowd, a global leader in equity crowdfunding, has signed a strategic collaboration agreement with Reliance Private Client, part of Reliance Capital, one of India’s leading wealth management companies. Reliance Group, the parent company, is amongst India’s leading business houses with over 250 million customers. Reliance Capital… Read More