Tagged: india

February 15, 2022 @ 12:17 pm By Omar Faridi  |  

CoinDCX, India’s first crypto unicorn which claims to be the country’s “safest” crypto exchange, announced that it has chosen crypto-native risk monitoring company Solidus Labs as a strategic compliance partner. With the goal to protect its clients from known forms of market abuse and a… Read More

February 15, 2022 @ 12:16 pm By Omar Faridi  |  

Indian Fintech Unicorn Slice has finalized its first employee stock option plan (ESOP) buyback valued at $8.6M. In November of last year, Slice achieved Unicorn status (valued at $1 billion or more) after securing $220 million via its Series B that was co-led by Tiger… Read More

February 9, 2022 @ 8:42 am By Tony Zerucha  |  

Indian payments unicorn Razorpay has acquired a majority stake in Curlec, a Malaysian recurring payments solutions provider. The cost was just under $20 million. Curlec is the first international acquisition for Razorpay, and taken together with the previous ones it shows a very deliberate growth… Read More

February 5, 2022 @ 9:06 pm By Omar Faridi  |  

Bank of Baroda, one of India’s largest banking institutions, had been looking to boost efficiencies, implement the latest digital technology and provide a more connected customer experience. With these objectives in mind, it chose NCR Corporation (NYSE: NCR), an international enterprise tech provider, and its… Read More

February 4, 2022 @ 12:47 pm By Tony Zerucha  |  

India is to tax and regulate Bitcoin and crypto after previously considering a ban, which could be the next step towards making it legal tender in the country, suspects deVere Group CEO Nigel Green. Green’s assessment comes as Indian Finance Minister Nirmala Sitharaman announced a… Read More

February 1, 2022 @ 9:29 pm By Tony Zerucha  |  

The Reserve Bank of India plans to launch a digital rupee in the 2022-23 fiscal year that begins on April Fools’ Day, Finance Minister Nirmala Sitharaman said today, saying it will boost the digital economy. She made the comments while delivering the country’s annual budget…. Read More

January 24, 2022 @ 10:47 pm By Omar Faridi  |  

M2P Fintech, which claims to be one of Asia’s leading financial Infrastructure firms, has announced a $56 million Series C1 raise that was led by New York-headquartered global private equity and VC firm Insight Partners M2P Fintech further revealed that their investment round included contributions… Read More

January 23, 2022 @ 8:50 pm By Omar Faridi  |  

Indian Fintech firm Paytm reveals that it’s growing rapidly and so is the cloud infrastructure. The main reason for choosing cloud computing and processing is its ability to scale in and scale out according to changing requirements. As explained by Paytm in a blog post,… Read More

January 22, 2022 @ 8:26 am By Omar Faridi  |  

Tide, the UK’s business financial platform, reportedly added 100,000 members in 2021, which represents an increase of 30%, “taking the total number of Tide members to almost 400,000.” Tide is now one of the largest providers of banking services to UK SMEs. 2021 saw a… Read More

January 18, 2022 @ 10:55 pm By Omar Faridi  |  

The team at Razorpay asks whether you’re aware of what’s one of the things that’s quite common among all Indian startup founders and business owners. According to Razorpay, they tend to struggle when managing tax and compliance payments. And, if you’ve just started your business,… Read More

January 13, 2022 @ 10:46 pm By Omar Faridi  |  

India’s neobank Fintech Kaleidofin has acquired $10 million in capital via a Series B round that was led by the Michael & Susan Dell Foundation. The capital injection has now taken the total funding secured by Kaleidofin to $18 million. Existing institutional investors, Oiko Credit,… Read More

January 12, 2022 @ 10:23 pm By Omar Faridi  |  

CoinDCX, which is India’s first crypto unicorn and claims to be the nation’s “safest” digital asset exchange, announced the appointment of Divakar Prayaga as SVP and Head of Information Security. As mentioned in an update shared with CI, Divakar will be expected to play a… Read More

January 11, 2022 @ 10:10 pm By Omar Faridi  |  

The team at Pine Labs, a digital payments firm that confidentially filed for a $500 million IPO at valuation of around $7 billion, notes that online payment methods in India have been “around for a while now and with their rising popularity, they are here… Read More

January 11, 2022 @ 5:56 am By JD Alois  |  

PayU has partnered with SBM Bank India to launch LazyCard, a prepaid card backed by a credit line. LazyPay is PayU’s BNPL solution. According to a company statement, the card aims at empowering the financially underserved with easy access to credit. LazyCard is said to… Read More

January 10, 2022 @ 11:28 pm By Omar Faridi  |  

The team at Indian Fintech firm Razorpay notes that the developer experience is at the “core” of all their innovations. The Fintech Unicorn writes in a blog post that they know that you “love Postman for its simple platform for building and testing APIs.” Razorpay… Read More

January 10, 2022 @ 12:04 am By Omar Faridi  |  

The team at Indian Fintech Zeta says that it has been a great year in the US. Their journey is just getting started, the company reveals in an update. Bhavin Turakhia, Co-founder and CEO at Zeta, notes that he’d like to share a short recap… Read More

January 6, 2022 @ 11:46 pm By Omar Faridi  |  

Indian payments Fintech Paytm says that one of things they are proud of is their 23 million merchant partners, who have chosen them for the “trusted” and secure payments experience. Paytm writes in a blog post that they’ve built their leadership in the peer-to-merchants space,… Read More

January 6, 2022 @ 7:00 am By Tony Zerucha  |  

The HBAR Foundation today announced a partnership with Indian composer, producer and musician A.R. Rahman, to create content for a new NFT music platform focused on India’s independent music community. It is providing a grant and organizational support for development and growth of the NFT… Read More

December 30, 2021 @ 11:41 am By JD Alois  |  

OneCard, an Indian Fintech that aims to become the one card to rule them all in the country, has raised $76 million according to multiple reports. The funding was led by ubiquitous Fintech investor QED along with Sequoia. Founded in 2018, the company issued its… Read More

December 30, 2021 @ 11:07 am By Omar Faridi  |  

Zhikai Chen, Head of Asia Equities at BNP Paribas Asset Management, notes that a number of factors justify their hopes for “a better year after the challenges that 2021 brought to Asian equities, and northern Asian equities in particular.” Chen writes in a blog post… Read More