Tagged: india

January 11, 2023 @ 11:08 pm By Omar Faridi  |  

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

January 9, 2023 @ 10:17 pm By Omar Faridi  |  

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

January 7, 2023 @ 5:41 pm By Omar Faridi  |  

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

January 7, 2023 @ 9:22 am By Omar Faridi  |  

Axis Bank, India’s third largest private sector bank, has partnered with the world’s fastest-growing digital banking enterprise, OPEN, “to provide a fully native digital current account journey for its customers including SMEs, freelancers, homepreneurs, influencers and more.” This partnership “offers the larger business community access… Read More

January 6, 2023 @ 7:55 pm By Omar Faridi  |  

ICICI Bank (NYSE:IBN) announced the launch of digital solutions for exporters, “a comprehensive set of banking and value-added services on a single platform.” In a first-of-its-kind initiative in the industry, the suite of solutions “digitize the entire export life-cycle– from discovery of export markets, export… Read More

December 29, 2022 @ 8:45 pm By Omar Faridi  |  

Puneet Maheshwari, Director at Upstox, which supports powerful investing and trading made simple, and claims to be trusted by Indian consumers, reveals that Upstox is “an online trading app for Demat Account, Share Market, MF, IPO with 10 million+ customers.” Backed by Ratan Tata and… Read More

December 28, 2022 @ 9:36 pm By Omar Faridi  |  

Akash Sinha, CEO & Co-Founder, Cashfree Payments has provided a brief evaluation of the year 2022 and the anticipated trends in 2023, with respect to fintech, digital payments, BaaS, among other sectors. Sinha noted: “India is in a strong position to become the global leader… Read More

December 27, 2022 @ 4:49 pm By Omar Faridi  |  

Digital credit platform Money View has reportedly secured $75 million in capital via its Series E round, which has been led by Apis Partners, a UK-headquartered asset management firm. The investment round also included contributions from Tiger Global, Winter Capital, and Evolvence. As noted by… Read More

December 26, 2022 @ 9:39 pm By Omar Faridi  |  

Nageen Kommu, CEO at Digitap recently commented on the anticipated trends for the Fintech segment in 2023. In an update shared with CI, Nageen Kommu noted that the Indian Fintech market currently stands “as the third largest Fintech ecosystem in the world and is well… Read More

December 22, 2022 @ 10:47 pm By Omar Faridi  |  

Payments and API banking solutions company, Cashfree Payments is now offering one of India’s “widest” ‘Buy Now Pay Later’ (BNPL) suite. Cashfree Payments’ BNPL suite will “enable online businesses to provide customers with over 30 flexible financing options during checkout.” The company has “launched its… Read More

December 15, 2022 @ 9:51 pm By Omar Faridi  |  

Cashfree Payments, India’s leading payments and API banking solutions company, is enabling eUPP (eLite Unified Payment Platform), a fee payment management system for schools and colleges, “to offer an instant and secure fee payments experience for end users.” Currently, through this partnership, “more than 500… Read More

December 7, 2022 @ 10:51 pm By Omar Faridi  |  

What was once an innovation is today “a way of life” for millions of consumers in India. Over the last two and a half years, transactions on the UPI network have “grown by a factor of 6 as digital payments have exploded in India,” according… Read More

November 28, 2022 @ 9:27 pm By Omar Faridi  |  

A total of 1,456 venture capital (VC) funding deals worth $19.3 billion were announced in India during January to October 2022, which is a 7.5% growth in deal volume but 29.8% decline in deal value compared to the same period last year,” finds GlobalData, a… Read More

November 20, 2022 @ 7:47 pm By Omar Faridi  |  

Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, announced that it has partnered with HDFC Bank Limited, India’s largest private-sector bank, “to enable Indian payers to seamlessly and digitally pay international education fees to higher education institutions all over the world.” The… Read More

October 31, 2022 @ 9:27 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, has rolled out their Disbursement and Collections solution for Lending, “to enable NBFCs and their partner LSPs to comply with the new Digital Lending guidelines.” Cashfree Payments will “facilitate both digital lending and co-lending use cases… Read More

October 23, 2022 @ 10:37 pm By Omar Faridi  |  

Cashfree Payments, which claims to be one of India’s leading payments and API banking solutions companies, announced the launch of Card Issuance Stack with their new solution ‘Issuance’ “to enable businesses such as fintechs and platforms to launch prepaid cards and wallets for their customers,… Read More

October 21, 2022 @ 11:03 am By JD Alois  |  

Global investment crowdfunding platform OurCrowd has partnered with India-based JITO Angel Network (JAN). According to multiple reports, the deal is for OurCrowd to provide access to investment opportunities for JITO’s members. OurCrowd is one of the largest digital VC platforms in the world that provides… Read More

October 17, 2022 @ 9:17 pm By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs announced that it has “entered the wearables segment in the consumer electronics category.” Shoppers in India can now “purchase wearable devices of select brands on a Buy Now Pay Later arrangement using Pine Labs’ PoS terminals.” Top brands offering… Read More

October 16, 2022 @ 3:55 pm By JD Alois  |  

ICICI Bank says it has launched four digital banking units, or DBUs. ICICI Bank is a leading private sector bank in India with a market cap of around $74 billion. According to the Bank, its launch of these DBUs aligns with the government’s plan to… Read More

October 12, 2022 @ 10:24 pm By Omar Faridi  |  

ICICI Bank recently announced the launch of an online solution “to help its customers carry out SWIFT based inward remittances in a faster and hassle-free manner.” Named, ‘Smart Wire’, the facility allows both NRIs and resident customers “to undertake inward remittance transactions in an online… Read More