Tagged: india

August 27, 2021 @ 12:00 pm By Omar Faridi  |  

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

August 18, 2021 @ 10:45 pm By Omar Faridi  |  

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

August 17, 2021 @ 2:44 am By Priyanka Pani  |  

FalconX, a one-stop shop for institutional cryptocurrency market participants, has raised a $210 million Series C financing round led by Altimeter Capital. The new funding round valued the platform at $3.75 billion and saw Sapphire Ventures and existing investors B Capital Group, Tiger Global Management,… Read More

August 12, 2021 @ 9:07 pm By Priyanka Pani  |  

GyanDhan, a Fintech facilitating education loan in India, has received an NBFC license from the banking regulator Reserve Bank of India to start disbursing credit as the country slowly recovers from the Covid-triggered crisis. Following the permit, the company aims to disburse $87 million worth… Read More

August 12, 2021 @ 8:27 pm By Priyanka Pani  |  

Even as India continues to debate the legality of crypto, CoinDCX has turned into the country’s first crypto unicorn following a $90 million funding round led by Facebook Inc. co-founder Eduardo Saverin and B Capital Group. Existing investors, Coinbase Ventures, Polychain Capital, Block.one, and Jump… Read More

August 7, 2021 @ 2:28 pm By Omar Faridi  |  

Digital assets firm Coinbase (NASDAQ: COIN) announced that it’s funding scholarships in India for the Dapp Ethereum Bootcamp, which has reportedly been founded by a former Coinbase engineer. Coinbase confirmed that it will be covering 90% of costs “for 10 talented individuals to attend inaugural… Read More

August 5, 2021 @ 10:53 pm By Priyanka Pani  |  

It’s raining Unicorns in India’s startup ecosystem. Mindtickle Inc., which provides an artificial intelligence-based tool to improve sales and product knowledge, has become the 20th Unicorn of the year by hitting a $1.2 billion valuation following a funding round led by SoftBank Group Corp.  The… Read More

August 4, 2021 @ 10:57 pm By Omar Faridi  |  

Indian Fintech Razorpay notes that a current account is usually a “feature-loaded” banking product that’s designed to streamline money movement for businesses. The Razorpay team writes in a blog post that just like any other bank account, a current account has a few “standard features”… Read More

August 4, 2021 @ 9:11 pm By Priyanka Pani  |  

Indian Fintech BharatPe has turned into a Unicorn after raising around $370 million in Series E from Tiger Global, Dragoneer Investor Group, and Steadfast Capital at a $2,85 valuation. The New Delhi-based startup has become the 19th Indian startup to achieve a Unicorn status this… Read More

August 2, 2021 @ 9:26 pm By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as EvolutionX Debt Capital. Based in Singapore, EvolutionX… Read More

July 30, 2021 @ 9:04 pm By Omar Faridi  |  

Welcoming the Reserve Bank of India’s (RBI) move to permit authorized or approved non-bank payment system providers to take part in centralized payment systems (CPS), the Payments Council of India (PCI), the nation’s largest industry body for the non-banking digital payments ecosystem, has confirmed that… Read More

July 25, 2021 @ 7:14 pm By Omar Faridi  |  

India’s Paytm, which has approved plans for almost a $2 billion IPO on the Indian bourses, recently shared how to lend credit to your clients in an effortless manner with Paytm Payouts. Over 10 years ago, could you have really imagined offering a loan to… Read More

July 24, 2021 @ 3:30 pm By Omar Faridi  |  

MPOWER Financing, a global education loan provider, recently secured an equity investment of $100 million. The new funding is in addition to the $60 million MPOWER raised earlier this year from Tilden Park Capital Management that also participated in the current round along with ETS… Read More

July 20, 2021 @ 11:06 pm By Priyanka Pani  |  

pinBox, a global PensionTech working towards providing digital micro-pension and social security inclusion, has raised $ 1 million in funding from Venture Catalysts (Vcats), an integrated incubator, along with accelerator fund 9unicorns. Founded in 2016 by industry veterans Parul Seth Khanna and Gautam Bhardwaj, pinBox… Read More

July 20, 2021 @ 9:06 pm By Priyanka Pani  |  

Over the last few months, platforms that have been providing non-dilutive financing or revenue-based financing are attracting several large venture capital firms globally. One such platform is US-based fintech Capchase that has raised $280 million in debt and equity funding from i80 Group. The Spanish-American… Read More

July 19, 2021 @ 10:13 pm By Priyanka Pani  |  

Capital India, a financial conglomerate, has invested USD 25 million in a mix of equity & debt in Credenc, a fintech-focused on education loans. With this investment, Credenc is looking to build a loan book of $400 million by 2025.  The New Delhi-based Credenc, founded… Read More

July 15, 2021 @ 7:50 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) revealed on Wednesday (July 14, 2021) that it has decided to indefinitely ban Mastercard Inc (NYSE: MA) from providing any new debit or credit cards to local clients for allegedly violating data storage guidelines. This move appears to be… Read More

July 13, 2021 @ 11:36 pm By Omar Faridi  |  

Kredent InfoEdge Private Limited (KIPL), an entity that operates the Indian brands StockEdge and Elearnmarkets, has acquired growth capital of INR 10 Crore (appr. $1.35 million) from Kotak Securities Ltd in order to expand their existing product capabilities while growing their user base. This is… Read More

July 13, 2021 @ 10:16 pm By Priyanka Pani  |  

The Fintech sector in India is getting greener by the day. At least four large Indian fintechs are readying themselves for a big bang public listing this year as the Covid-triggered pandemic has accelerated the growth of these companies. Together, these startups could raise anything… Read More

July 13, 2021 @ 1:55 am By Omar Faridi  |  

Indian neobank Razorpay recently shared payroll compliance mistakes that businesses should try to avoid. The RazorPay team explains that payroll compliance is one of the “most important” processes a business performs so that it can maintain operations. All businesses in India and globally have to… Read More