Tagged: india

December 28, 2019 @ 10:01 am By Omar Faridi  |  

India-headquartered Aye Finance has acquired INR 1 billion (over $14 million) in debt funding from BlueOrchard. Aye Finance’s management noted that it will use the capital raised to further expand its line of products and services (in India), which mainly include its small to medium-sized… Read More

December 26, 2019 @ 4:08 pm By Omar Faridi  |  

India-headquartered Finly, a Fintech firm that automates accounts payable for small and medium-sized enterprises (SMEs), has acquired capital via an investment round from Social Capital and AngelList India. Other investors that took part in Finly’s latest round include Gemba Capital, Omphalos Ventures, and 91springboard through… Read More

December 26, 2019 @ 9:18 am By Omar Faridi  |  

The United States is reportedly expected to lose its top rank as the largest cashless country and society in the world to nascent Asian markets by next year. Cashless transactions in the US are projected to increase by 4.7% to reach $184 billion by 2020,… Read More

December 24, 2019 @ 8:26 am By Omar Faridi  |  

Quantiphi, a US and India-headquartered applied artificial intelligence (AI) and Big Data analytics services firm, has raised $20 million via a Series A round from Multiples Alternate Asset Management. Quantiphi offers applied AI and Big Data solutions to Fortune 500 companies across several major sectors… Read More

December 23, 2019 @ 9:16 am By Omar Faridi  |  

Sweden-headquartered TrueCaller, a company that runs a caller-identification system, is further expanding its financial services business. The firm is piloting a new program to offer credit to small business owners based in India, which reportedly make up around 20 million of the total 140 million… Read More

December 22, 2019 @ 4:41 pm By Omar Faridi  |  

Chennai-headquartered digital bank Kaleidofin has secured Rs 36 Crore (appr. $5 million) in a Series A funding round, which was led by impact investment firm Oikocredit. Existing investors Flourish, Omidyar Network India, Blume Ventures and Bharat Inclusion Seed Fund also took part in Kaleidofin’s round…. Read More

December 19, 2019 @ 2:28 pm By Samantha Hurst  |  

ZestMoney, an India-based fintech, announced this week it secured $15 million through its Series B investment round, which was led by Goldman Sachs with participation from Naspers Fintech, Quona Capital, and Omidyar Network. Founded in 2015, ZestMoney stated that it helps everyone “live their dream… Read More

December 19, 2019 @ 7:57 am By Omar Faridi  |  

Gurugram, India-based insurance technology (Insurtech) firm Toffee Insurance revealed on December 17 that it had secured $5.5 million via a Series A investment round led by IVM Intersurer, Omidyar Network, Flourish Ventures, Accion Venture Lab and Kalaari Capital. Toffee says it will use the capital… Read More

December 15, 2019 @ 2:33 pm By Omar Faridi  |  

Indian online payments company Paytm’s parent has secured 4,724 Crore (appr. $660 million) from several large investors including Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and investments are overseen by T Rowe Price. The board members of One 97 Communications Ltd, Paytm’s parent, will be allocating… Read More

December 9, 2019 @ 11:48 am By Omar Faridi  |  

Regtech100 recently published its latest list of the world’s top or best 100 regulatory technology (Regtech) firms. There were five Regtechs on the list that are based in Asia. Regtech100 compiles a list of the 100 most innovative Regtech firms each year. The list aims… Read More

December 9, 2019 @ 8:54 am By Omar Faridi  |  

Finding a good law firm to work with can be challenging, however, Lawyered aims to make it simpler, easier and faster to get the legal services companies may need. The legal technology (Legaltech) startup has reportedly raised $100,000 from various angel investors. The investors include:… Read More

December 5, 2019 @ 4:19 pm By Samantha Hurst  |  

Ping An Insurance Group announced on Thursday that Ping An Global Voyager Fund, its overseas investment arm, has led a $70 million Series D in Indian auto technology company CarDekho, alongside Sequoia Capital and Hillhouse Capital. Ping An reported that this is its first venture investment… Read More

November 25, 2019 @ 1:35 pm By JD Alois  |  

India’s largest mobile payments company Paytm has confirmed a $1 billion funding round at a valuation of $16 billion. Last month, Crowdfund Insider cited a report that indicated Paytm was planning a $2 billion funding round with a valuation of $15 billion. According to a… Read More

November 8, 2019 @ 8:16 am By Omar Faridi  |  

San Francisco-based AngelList, a platform facilitating online capital formation and job-seekers interested in working at startups, has launched a new India-focused venture capital and angel fund, according to a report in the Economic Times. The newly launched fund will allow individuals to raise relatively small… Read More

October 26, 2019 @ 1:39 pm By Cali Haan  |  

Indian Finance Minister Nirmala Sitharaman has said that despite a sense of urgency kicked up by Facebook’s proposal to create a global currency system (Libra), many countries remain cautious about “rushing into” a cryptocurrency arms race, Business Standard reports. “On our side, the Reserve Bank Governor (Shantikanta… Read More

October 19, 2019 @ 12:17 am By Omar Faridi  |  

Paytm, India’s largest mobile payments company, is planning to raise $2 billion from investors including Alibaba’s Ant Financial and Softbank in order to compete with other giant retailers such as Amazon and Walmart, according to sources familiar with the matter As reported by the Financial… Read More

October 10, 2019 @ 9:30 am By Samantha Hurst  |  

C2FO, a fintech firm and market for working capital based in the U.S., announced on Wednesday it is acquiring India-based payment platform, Priority Vendor. C2FO reported that through the acquisition, Indian suppliers will receive a continuous flow of capital at costs lower than traditional financing… Read More

October 5, 2019 @ 10:56 am By Omar Faridi  |  

Walmart Inc. (NYSE:WMT), a Bentonville, Arkansas headquartered multinational retail corporation, is partnering with tech giant IBM, in order to use blockchain technology to monitor its shrimp supply chains. Walmart will be using distributed ledger technology (DLT) to track Indian-sourced shrimp delivered to several Sam’s Club… Read More

October 3, 2019 @ 7:32 am By Omar Faridi  |  

Mumbai-based Varanium Capital, an asset manager that provides investment and consulting services to public and private businesses, is reportedly planning to raise ₹200-crore (appr. $28 million) for a Fintech-focused early stage venture capital fund. The Varanium NexGen intends to strategically invest around ₹2-5 crore (each),… Read More

October 1, 2019 @ 10:52 pm By JD Alois  |  

Mumbai-based Airpay Payment Services, a payments platform, has announced a partnership with InstaReM, one of the world’s fastest-growing digital cross-border payments companies. The new partnership will launch “FX Payment”, an international payments solution for its merchants. Airpay’s “FX payment” is an alternative to credit cards… Read More