Tagged: india

March 5, 2018 @ 12:01 pm By Samantha Hurst  |  

Maliyya, a Dubai-based fintech company engaged in the development of a P2P lending and borrowing platform, announced on Monday it secured $1.3 million during its latest seed funding round, which was led by Ground1 Ventures, a private investment firm based out of UK.  Founded in 2016, Maliyya… Read More

February 27, 2018 @ 1:11 pm By JD Alois  |  

Swedish electric car manufacturer Uniti  says it has concluded its first step in bringing its electric vehicle (EV) to Asia with a successful introduction of the Uniti One at India’s Auto Expo 2018 in New Delhi. Without providing specific order numbers, Uniti said it had… Read More

February 19, 2018 @ 4:12 pm By Samantha Hurst  |  

India-based fintech Invoice Bazaar Holdings announced this week it has purchased a minority stake for an undisclosed amount in online shipping documentation provider and partner, ODeX.  Founded in 2015, Invoice Bazaar describes itself as a startup opening in the arena of Supply Chain Finance (SCF). The… Read More

January 17, 2018 @ 4:14 pm By Samantha Hurst  |  

Earlier this week, AngelList announced the launch of Syndicates for India, which is described as a new way for investors in India to invest alongside experienced angels and VC funds that invest in the country’s tech industry. AngelList stated: “Syndicates are a private single-deal investment… Read More

January 10, 2018 @ 10:51 am By Samantha Hurst  |  

India-based fintech NiYO announced on Wednesday it secured $13.2 million (85 crore) during its Series A funding round to drive the continued expansion of its payroll and benefits platform in India. The investment was made by Social Capital, JS Capital LLc (the family office of Jonathan Soros),… Read More

January 5, 2018 @ 10:40 pm By Samantha Hurst  |  

Wishfin, an India-based online marketplace, announced it is seeking to raise up to $50 million during its upcoming funding round. Founded in 2016, Wishfin is a platform that’s run by Mywish Marketplaces Private Limited (MMPL), which has notably creased financial marketplaces in India. It has more… Read More

January 4, 2018 @ 12:00 pm By Samantha Hurst  |  

India-based fintech EarlySalary announced on Thursday it secured Rs. 100 Crores through its Seris B funding round, which was led by Eight Roads Ventures India with participation from IDG Ventures India, Dewan Housing Finance Corp. Ltd. (DHFL) and seed investor Ashok Agarwal. The latest funding round comes just a few… Read More

December 27, 2017 @ 9:25 am By Erin Hobey  |  

Ahmedabad-based SME lending startup and Digital Lenders Association of India member Lendingkart Finance has secured $3.8 M (INR 25 Cr) in debt from the State Bank of India according to multiple news sources, just three months after hauling in $10.9M (INR 70 Cr) in funding round led… Read More

December 12, 2017 @ 11:39 am By Erin Hobey  |  

Attention MobiKwik, RazorPay and PayPal, Payments startup Stripe has just announced its entrance into the Indian mobile wallet sector! “Today we’re starting an invite-only beta for Stripe in India with a small group of companies. These businesses will help us test our platform in the… Read More

November 25, 2017 @ 11:00 am By Samantha Hurst  |  

This week, the Australian Securities and Investments Commission (ASIC) announced it has signed a new fintech cooperate agreement With Dubai Financial Services Authority (DFSA). According to the ASIC, this new agreement will enable it and the DFSA to refer innovative fintech businesses to each other… Read More

November 15, 2017 @ 6:48 am By Erin Hobey  |  

India saw a 20% increase in spends during Diwali compared to the previous quarter reported Walnut, a leading personal finance app based in India, suggesting strong consumer demand and “festive cheer.” ‘Tis the season! The app revealed interesting insights on consumers’ spending habits during this festive… Read More

November 10, 2017 @ 3:34 pm By Samantha Hurst  |  

PayPal announced earlier this week that it has launched domestic operations in India. The company revealed that over the past decade it has been on a journey to digitize India by enabling cross-border transaction. “Today, we are proud to announce that we are adding domestic… Read More

November 9, 2017 @ 2:39 pm By Samantha Hurst  |  

The Dubai Financial Services Authority (DFSA) today granted Sarwa Digital Wealth Limited (Sarwa), an automated investment advice service, in-principle approval for its Innovation Testing Licence (ITL). According to the organization, Sarwa Digital Wealth is considered the first fintech operator to receive approval for this special… Read More

November 6, 2017 @ 10:54 am By Samantha Hurst  |  

Nin Ventures announced on Monday it has begun its international expansion by opening its new office in India. It was revealed: “India is one of the most competitive nations in the world, equipped with both skilled and unskilled workforce in areas of science, engineering, technology,… Read More

October 5, 2017 @ 10:19 am By Samantha Hurst  |  

On Thursday, FundedByMe announced it has launched operations in both Dubai and the UAE. This news comes less than two months after FundedByMe launched its operations in Mexico FundedByMe stated it has the ambition to be a true global player in the equity crowdfunding scene. The… Read More

October 4, 2017 @ 7:56 pm By JD Alois  |  

The Reserve Bank of India (RBI) is out with “Master Directions” regarding non-banking financial companies or peer to peer lenders. RBI indicated last month P2P lenders would not be considered banks. The governmental directive is officially known as the “Non-Banking Financial Company – Peer to… Read More

September 25, 2017 @ 2:20 pm By Samantha Hurst  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announced on Monday it has formed a new partnership with Abu Dhabi Islamic Bank (ADIB), a leading financial institution, to seek opportunities to collaborate and consult on initiatives to promote the growth and… Read More

September 21, 2017 @ 7:46 am By Samantha Hurst  |  

Reserve Bank of India recently announced it will be classifying peer-to-peer lending platforms as non-banking financial institutions. According to Economic Times, Sudarshan Sen, executive director of RBI, announced that the regulator is currently waiting for the gazette notifications from the central government for the final… Read More

September 18, 2017 @ 11:42 am By Samantha Hurst  |  

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Monday it has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM stated its plans to… Read More

September 8, 2017 @ 8:45 am By Samantha Hurst  |  

India-based online lending platform EarlySalary has reportedly received Rs 5 Crore debt financing investment from IFMR Capital. Founded in 2015 by Ashish Goyal and Akshay Mehrotra, EarlySalary stated that it is building its mobile first platform, smart risk scoring system, and will soon introduce a fast/easy… Read More