Tagged: india

Indian Fintech KreditBee, PayU to Deliver Online Checkout Finance Services

KreditBee, which claims to be one of India’s leading fintech platforms, announced its partnership with PayU, a digital payments solution provider. Together, they offer customers the option “to convert their online purchases worth between ₹2400 up to ₹2 lakhs into easy cardless EMIs during checkout.”… Read More

Wealthtech Addepar Expands to India with Pune Office

With their continued growth and drive to serve clients globally, Addepar is opening a new office in Pune, India. Establishing a presence in India will enable Addepar to increase their investments in research and development (R&D) and support “an increasingly global client base.” This expansion… Read More

Central Bank of UAE, Reserve Bank of India to Support Innovation in Financial Services

The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) signed recently a Memorandum of Understanding (MoU) in Abu Dhabi, United Arab Emirates to enhance cooperation and jointly enable innovation in financial products and services. Under the MoU, the… Read More

Indian Fintech Platform PhonePe Secures Additional $200M in Funding from Walmart

PhonePe, one of India’s largest Fintech platforms, announced it has raised an additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding reportedly comes as “a part of PhonePe’s ongoing fundraise of up to $1 billion in… Read More

Mumbai: Fintech Pine Labs Appoints Navin Chandani as President of Issuing Business

Merchant commerce omnichannel platform Pine Labs announced the appointment of Navin Chandani as the President of its Issuing Business. Issuing Business of Pine Labs claims that ii is “a market leader in the issuing of prepaid cards, gift cards, rewards, incentives, loyalty programs and several… Read More

Banking Tech Firm Thought Machine to Increase Headcount by Over 20%

Thought Machine, the cloud-native banking technology company, announces the next phase of its expansion plans, in which it will increase its global headcount by more than 20% in 2023, which includes hiring in India, Japan and other world regions for the first time. The company… Read More

Cashfree Payments Acquires One-Click Checkout Firm, Zecpe to Enhance D2C Payments

Cashfree Payments, India’s payments and API banking company, announced its strategic acquisition of Zecpe, a one-click checkout company. Zecpe enables e-commerce businesses “to improve checkout conversion by making the process quick and seamless for customers.” Zecpe will now “operate as a wholly-owned subsidiary of Cashfree… Read More

Monetary Authority of Singapore, Reserve Bank of India Support Real-Time Payments

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will “enable customers of participating financial institutions in Singapore and India [1] to send and receive funds between bank… Read More

India’s Fintech Platform PhonePe Acquires $100M in Additional Funding at $12B Valuation

PhonePe, one of India’s largest Fintech platforms, announced it has raised another $100 million in primary capital from Ribbit Capital, Tiger Global, and TVS Capital Funds, at a pre-money valuation of $12 billion. This new investment “follows the recent $350 million primary fundraise that closed… Read More

Cashfree Payments Introduces ‘Co-lend,’ India’s Automated Escrow Management Solution

Cashfree Payments, India’s payments and API banking solutions company, launched ‘Co-lend’, a fully automated escrow management solution for co-lending. ‘Co-lend’ has been developed in line “with the digital lending guidelines announced by the Reserve Bank of India (RBI).” It facilitates instant disbursal “with auto reconciliation… Read More

Reliance Retail, Innoviti Technologies, ICICI Bank, Kotak Mahindra Bank to Enable Acceptance of Digital Rupee

Innoviti Technologies in collaboration with Reliance Retail, ICICI Bank and Kotak Mahindra Bank announced the launch of in-store acceptance of retail payments via Digital Rupee – Retail [e₹-R]. After being the first to introduce dynamic QR based in-store UPI payments, Reliance Retail, in continuance of… Read More

BNPL: India’s BharatX, Snitch to Offer “SnitchPay”, Consumers Empowered with a Buy Now Pay Later Option

BharatX, an emerging white labelled credit enabler for e-commerce merchants, has  announced its partnership with Snitch – an online men’s clothing brand to offer buy now pay later services. Through the “SnitchPay” feature powered by BharatX, customers will be able “to pay for their purchases… Read More

Worldline Introduces Buland Bharat Digital Payments Suite for a More Inclusive India

Worldline [Euronext: WLN], a key player focused on payments services, announced the launch of its Buland Bharat digital payments suite, which is designed specially “keeping in mind the needs and wants of small and medium businesses (SMBs) in India.” The Buland Bharat digital payments suite… Read More

Fintech Pine Labs Acquires Enterprise Platform from Bengaluru’s Saluto Wellness Private Ltd

Merchant commerce omnichannel company, Pine Labs announced that it has acquired a proprietary enterprise platform from Bengaluru-based Saluto Wellness Private Limited. This acquisition will “boost the capabilities of Pine Labs’ Issuing Business under the Qwikcilver brand, enabling it to strengthen its offerings across employee rewards… Read More

PhonePe Raises Growth Funds at a $12B Valuation, led by General Atlantic

PhonePe, one of India’s largest Fintech platforms, announced it has raised $350 million in funding from General Atlantic, a global growth equity firm, at a pre-money valuation of $12 billion. Marquee Global and Indian investors are also participating in the investment round. The investment marks… Read More

Bond Investment Platform IndiaBonds Appoints Vishal Goenka as CEO

IndiaBonds announces the appointment of a new CEO to drive strategic growth and innovation and is set to welcome its Chief Executive Officer and Co-Founder Mr. Vishal Goenka. Prior to joining IndiaBonds, Vishal was “a Managing Director at Deutsche Bank Singapore, Global Markets, for many… Read More

India’s Custom-Build Homes Firm Brick & Bolt Raises $10M from Accel, Celesta Capital

Custom-build homes platform Brick&Bolt announced that it has raised $10 million, co-led by global venture capital firms Accel and Celesta Capital. The company plans to use the funding “to enhance its tech stack, strengthen its leadership team and expand to 12+ cities in the next… Read More

Beerud Sheth, CEO of Gupshup, Comments on Developments Related to Digital Commerce, Conversational AI, ChatGPT

ChatGPT—the recently launched language processing AI model developed by OpenAI—has been “wowing users with its uncanny abilities to hold conversations, write essays, and even program computers,” according to an update shared with CI. However, the real value of conversational AI for digital commerce companies “lies… Read More

Indian Lending Fintech KreditBee Finalizes Second Tranche of $200M Round

Bengaluru-headquartered Fintech lending platform KreditBee has reportedly extended its Series D funding round with a $100 million investment from private equity firm Advent International. The Advent funding has now topped up the first tranche of the Series D investment round, which also netted $100 million… Read More

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