Tagged: india

August 20, 2020 @ 10:45 pm By Omar Faridi  |  

The COVID-19 outbreak and nationwide lockdowns in India have forced many local residents to re-evaluate how they conduct business and manage their finances. An analysis performed by ETMoney reveals that the overall spend by India’s residents between March and June 2020 dropped by around 40%,… Read More

August 17, 2020 @ 10:27 am By JD Alois  |  

CoinDCX, a crypto exchange that claims to be the largest in India, says its fiat to crypto product Insta has experienced 38% month over month growth in volume, according to a statement by the firm. The company claims that Insta has become India’s most trusted… Read More

August 15, 2020 @ 11:31 am By Omar Faridi  |  

There are now at least 67 FIntech unicorns, globally, that are valued at a combined $244.6 billion, according to a recently published infographic by CBInsights which shows that North America, particularly the US, is home to some of the world’s largest Fintechs. Fintech unicorns are… Read More

August 13, 2020 @ 8:35 pm By Omar Faridi  |  

India-based Federal Bank (NSE: FEDERALBNK), an established private sector bank, has selected Fiserv, Inc. (NASDAQ: FISV), a multinational provider of payments and financial services tech solutions, to support the digitization of the bank’s end-to‑end card issuance and processing cycle. Fiserv will also assist with the… Read More

August 12, 2020 @ 10:16 pm By Omar Faridi  |  

RevFin, a digital lending Fintech startup, has teamed up with EVI Technologies in order to finance E-Rickshaw and E-Two wheelers in India. The funding will also go toward supporting swappable battery solutions offered by EVI Technologies. The initiative will mainly cover Indian states like Delhi-NCR,… Read More

August 12, 2020 @ 12:14 am By Omar Faridi  |  

Netcore Solutions, a marketing automation and personalization platform, revealed on August 11, 2020 that it has chosen Asian Fintech firm GoBear to power its multi-channel marketing automation and engagement campaigns. GoBear will help Netcore with ensuring customer retention, according to a release. Established in 2014,… Read More

August 10, 2020 @ 7:09 pm By Omar Faridi  |  

China and India had the highest Fintech adoption rate (at 87%) out of all emerging markets, as of March 2020, according to a Research and Markets report. The Fintech sector has been expanding during COVID-19 because more consumers and businesses are conducting transactions online. Many… Read More

August 10, 2020 @ 7:03 pm By JD Alois  |  

  MoneyTap, a Fintech described as India’s first App-based credit line, has enlisted the assistance of Upgrade founder and CEO Renaud Laplanche to the company’s advisory board. Laplanche is also the founder and former CEO of LendingClub, the first marketplace lending platform to go public… Read More

August 7, 2020 @ 10:11 pm By Omar Faridi  |  

The Reserve Bank of India (RBI), the nation’s central bank that controls the issue and supply of the Indian rupee, is reportedly working on an offline digital transactions pilot, in order to get more consumers in rural areas, without internet connections, to adopt virtual payments…. Read More

August 5, 2020 @ 11:06 pm By Omar Faridi  |  

Approximately $1.47 billion was invested into businesses operating in the Fintech sector in India between January to June 2020, according to the latest MEDICI Report covering Indian financial technology markets. The amount invested into India’s Fintech industry during H1 2020 was 60% greater than the… Read More

August 5, 2020 @ 12:30 am By Omar Faridi  |  

Critical gaps in the global banking system, especially in emerging markets, have restricted business growth and development. Consumer demand cannot be effectively addressed if banking platforms are not updated to meet the requirements of individuals and small business owners. Billions of people across the globe… Read More

August 4, 2020 @ 10:25 pm By Omar Faridi  |  

UK based Fintech firm Wiserfunding is expanding its operations into markets in India. The company is introducing its AI enhanced, cloud-powered credit risk assessment tool for SMEs. Wiserfunding’s entry into Indian markets has come at a time when small businesses across the nation are struggling… Read More

August 3, 2020 @ 11:35 pm By Omar Faridi  |  

India based RAMSUN Network, a digital or online marketplace for supply chain finance, has reportedly joined Fintech firm MonetaGo’s secure financing network. The RAMSUN Network aims to facilitate financing for SMBs via its AI-powered technology platform – which allows many lenders to be a part… Read More

August 3, 2020 @ 5:01 pm By JD Alois  |  

InstaReM, part of Nium, has partnered with SBM Bank India on outbound remittances from India. InstaReM says it will work closely with SBM Bank India as its licensed banking partner to facilitate international money transfers from India. As shared in a release, SBM Bank India… Read More

August 2, 2020 @ 2:01 pm By Omar Faridi  |  

Digital payments experienced a surge in India during July 2020. UPI transactions increased by 11% month-over-month to $38.7 billion in July. Unified Payments Interface (UPI) is an instant real-time payment system that has been created by India’s National Payments Corporation. It aims to facilitate inter-bank… Read More

July 29, 2020 @ 10:13 pm By Omar Faridi  |  

SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has reportedly secured INR 72.5 Crore (appr. $9.7 million) in capital from Switzerland’s impact investor, BlueOrchard Finance Ltd. This marks the second time that BlueOrchard has provided funding to SATYA since its launch in 2017…. Read More

July 29, 2020 @ 9:14 am By Samantha Hurst  |  

Niyo, India-based neo banking startup, announced on Wednesday it has acquired Goalwise, a wealthtech platform. Niyo reported that the acquisition is in line with its goal of building a comprehensive product suite for its users. “Apart from the DIY zero percent commission mutual fund product… Read More

July 27, 2020 @ 10:49 pm By Omar Faridi  |  

Indian startup Navi Technologies, a company that aims to make financial services simple, affordable, and more accessible, has become one of the leading Fintech lending applications in the country in just a few months after its launch, according to Sachin Bansal, the company’s co-founder. Bansal,… Read More

July 24, 2020 @ 2:06 pm By Samantha Hurst  |  

India banking group Yes Bank announced on Friday the launch of WhatsApp banking services to empower customers and enable them to bank securely from the safety of their homes. Yes Bank revealed that customers may now check their savings account balance, view recent transactions &… Read More

July 21, 2020 @ 8:49 pm By Omar Faridi  |  

Policybazaar, a digital insurance platform, is reportedly planning to conduct an initial public offering (IPO) next year at a valuation of more than $3.5 billion. If it’s successful, then it might potentially become the first of India’s major startups to carry out such a large… Read More