Tagged: india

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

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