Tagged: india

Indian NFT Site NFTically Announces Funding, Future Plans

NFT marketplace creator and B2B SaaS provider NFTically has confirmed seed funding of under $1 million from an investor group including Nazara Games exec Nitish Mittersain, Unacademy co-founder Gaurav Munjal, Udaan co-founder Sujeet Kumar, Bollywood actor Kunal Kapoor, and Coinbase CPO Surojit Chatterjee. The funds… Read More

Revenue based Financing Fintech GetVantage Introduces Initiative to Help Indian Firms Recover from Challenges

GetVantage, an established revenue-based financing Fintech, reveals that it is introducing Bounce Back Capital, which is described as a “first-of-its-kind” initiative to help brands of India “rebound this festive season.” As mentioned in a release shared with CI, GetVantage has allocated an initial $5 million… Read More

Singapore based Qapita, Provider of Equity Management SaaS Solutions, Acquires $15M Series A

Singapore-headquartered Qapita, provider of equity management software-as-a-service (SaaS) solutions, has secured $15 million via a Series A round. Qapita’s investment round was co-led by East Ventures (Growth Fund) and Vulcan Capital, along with contributions from NYCA and other existing investors such as MassMutual Ventures and… Read More

Fintech Axate, a Payment Tool Provider Attempting to Fix Broken Media Market, Acquires £360,799 via Crowdcube

Axate, the flexible payment tool that aims to “fix a broken media market,” has secured 103% (or £360,799) of its £350,000 fundraising target via Crowdcube (at the time of writing) from 193 investors. The Axate team explains that users may sign up once, “upload some… Read More

Y Combinator backed Indian Fintech Karbon Secures $12M in Pre-Series A from Unicorn Ramp, Rainfall Ventures, Roka Works

Karbon Card, a Fintech firm providing corporate cards, has secured $12 million (appr. INR 88.8 crore) in a Pre-Series A funding round from US-based Fintech Unicorn Ramp, Rainfall Ventures, Roka Works, Y Combinator, and other international investors. Ramp is a New York-headquartered spend/budget management app… Read More

Razorpay Becomes First Indian Payment Platform to Introduce Address Verification System for Cross-Border Transfers

With the rising “digital influence” on consumers throughout the world, online portals as a preferred channel for trade are undergoing significant growth. There’s also an increasing trend of India’s businesses “going global,” according to Indian Fintech Razorpay. The company shared data which reveals that merchandise… Read More

Indian Fintech Pine Labs Acquires $100M from Invesco Developing Markets Fund

Pine Labs, which is one of Asia’s leading merchant commerce platforms, revealed earlier this week that it has finalized a new investment round in the company “with the entry” of Invesco, a US-headquartered investment management firm. Invesco Developing Markets Fund has reportedly invested $100 million… Read More

Singapore’s PayNow and India’s Unified Payments Interface to Connect Next Year

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today have announced their intent to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The goal is to provide instantaneous, low-cost fund transfers directly from one… Read More

DBS to Offer Real-Time Digital Cross-Border Incoming Payment Tracking

DBS (SGX:D05) has introduced real-time online tracking of cross-border collections for companies in India through a partnership with SWIFT Global Payments Innovation (gpi). DBS is reportedly first bank in India and the Asia-Pacific region to provide this service to customers, which should benefit around 4,000… Read More

Hedera Hashgraph, the Enterprise-Grade Public Network for Decentralized Economy, Adds IITM to Governing Council

Hedera Hashgraph, the “most used,” sustainable, enterprise-grade public network for the decentralized economy, reveals that the Indian Institutes of Technology Madras (IITM) has become the latest member of its Governing Council. The technology-focused University has joined a rotating Council of “up to” 39 international  organizations… Read More

NPCI, the Global Unit of National Payment Corp of India, and Liquid Group to Support QR Enabled Transactions

NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More

Mobile Banking: India’s ICICI Bank Now Offering iMobile Pay App to Pay, Manage Multiple Credit Cards

ICICI Bank, a privately-owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra, reveals that it has enabled its savings account clients to pay and manage credit cards bills at any bank by using the Bank’s mobile… Read More

Global Open Finance Challenge Being Launched by NatWest Group and Other Leading Financial Institutions

NatWest Group, National Australia Bank, Canadian Imperial Bank of Commerce, and Itaú Unibanco will reportedly be conducting the Global Open Finance Challenge, which will aim to promote innovation and the development of new services for a globally accessible, Open Finance ecosystem. The four banking institutions… Read More

Financial Institutions are Increasingly Adopting AI for Supporting AML as Fintech Adoption Rises: Report

There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More

Indian Digital Payments Fintech PhonePe Now Claims 300 Million Users Just 5 Years After Launch

Rahul Chari, CTO and Co-Founder at PhonePe, one of India’s leading payments app providers, recently confirmed that they’ve onboarded 300 million users after launching operations around 5 years back. Chari writes in a blog post that they launched the PhonePe app on August 28, 2016… Read More

Mumbai’s Enterprise Data Management Firm GoldenSource to Create 50 New Professional Roles

GoldenSource, an independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) services, reveals that it’s creating 50 new professional jobs at its Mumbai offices. As first reported by Finextra, the new roles are being created to support GoldenSource’s expanding software product portfolio… Read More

Neobanking Fintech Razorpay Partners Shiprocket to Provide Comprehensive Digital Commerce Solutions in India

Neobanking Fintech Razorpay has teamed up with Shiprocket in order to provide end-to-end digital commerce solutions in India. As noted in the update from Razorpay, e-commerce has changed the “way we live, shop, and do business.” And, virtual payments have served as a catalyst in… Read More

Biometrics Firm Fingerprint Cards AB and Seshaasai, a Smart Card Producer, to Provide Contactless Payment Cards in India, APAC

Biometrics firm, Fingerprint Cards AB, and Seshaasai, an established smart card manufacturer in India with a strong APAC presence, have entered into an agreement “to develop, launch, market, and sell” contactless biometric payment cards in India and the wider APAC region, according to a release…. Read More

Sumit Gupta: CEO at India’s CoinDCX, a Fast-Growing Crypto Exchange and Liquidity Aggregator, Shares Business Strategy

Sumit Gupta, Co-founder and CEO at CoinDCX, one of India’s largest and most established cryptocurrency exchanges and liquidity aggregators, recently shared important insights exclusively with Crowdfund Insider. Notably, CoinDCX recently finalized a $90 million investment round, becoming India’s first crypto-focused Unicorn. During our conversation, Gupta… Read More

SATYA MicroCapital, which Offers Credit Access to India’s Underbanked and Micro Enterprises, Acquires $18.17M in Capital

SATYA MicroCapital has reportedly acquired ₹135cr (appr. $18.17 million) in capital. The past year has been quite challenging for non-banking finance companies (NBFCs), especially when it comes to acquiring funds, because of the “liquidity crisis” in the sector following the Covid-19 outbreak. As mentioned in… Read More

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