Tagged: india

March 31, 2017 @ 7:17 am By Erin Hobey  |  

Do you remember using Travelers Checks when traveling? Filling out your name on individual checks and jotting down all those checks numbers? Checking into an international American Express office to exchange money, picking up mail or making a telephone call? Collect? Lugging around a Let’s… Read More

March 9, 2017 @ 9:25 am By JD Alois  |  

Marvelstone Group, the private investment group behind Fintech hub LATTICE80, has signed a memorandum of understanding with the Government of Andhra Pradesh in India to open the first LATTICE80 location outside of Singapore. Headquartered in Singapore, Marvelstone is a private investment group that develops specialized investment… Read More

March 9, 2017 @ 4:41 am By Erin Hobey  |  

Yesterday, on International Women’s Day, MobiKwik co-founder Upasana Taku wrote to Indian Prime Minister Narendra Modi, urging him to consider the passage of Women’s Reservation Bill, which is aimed to reserve 33% of seats in Lok Sabha and all state legislative assemblies for women. Taku indicted that Mobikwik… Read More

March 2, 2017 @ 11:14 pm By JD Alois  |  

Alibaba has been roaming the globe acquiring or investing digital businesses. The most recent investment lands in India – marking an important entrant for Jack Ma’s firm. According to multiple reports, Alibaba has led a funding round in Paytm, an Indian ecommerce and payments platform. A… Read More

February 17, 2017 @ 9:30 am By JD Alois  |  

The Digital Lenders Association of India (DLAI), a private association formed by leading Fintech companies in the online lending space such as KredX, Capital Float, Lendingkart, Finomena, Rubique, Zest Money, Indialends and Neogrowth, has released a report entitled Union Budget 2017: Impact of Digital Financial Services…. Read More

February 14, 2017 @ 5:42 am By Erin Hobey  |  

Grameen Koota, a pioneer in rural lending, is expanding its product portfolio and venturing into individual lending for its rural customer base by partnering with fintech firm Artoo. Grameen Koota plans to develop a digital lending model to launch individual business loans utilizing Artoo’s intelligent digital platform… Read More

February 13, 2017 @ 2:20 pm By Samantha Hurst  |  

Hong Kong’s peer-to-peer lending platform Monexo announced on Monday it now has an undisclosed strategic partner. Founder and CEO of the online lender, Mukesh Bubna, reportedly stated that the new partner may be a domestic private equity fund. Bubna shared: “In 2017, our aspiration is… Read More

February 13, 2017 @ 11:36 am By Samantha Hurst  |  

The Securities Exchange Board of India (SEBI) is set to form an advisory committee dedicated to the country’s fintech industry. The committee will notably consist of experts and representatives from different fintech sectors. During Internet and Mobile Association of India (IAMAI)’s 11th Digital India Summit in… Read More

February 9, 2017 @ 6:17 am By Erin Hobey  |  

Indian personal finance management apphttp://www.getwalnut.com Walnut has partnered with TechProcess Payment Services Ltd. (TPSL) to allow app users to freely transfer money across banks and cards. “Post demonetisation, number of digital payment transactions has risen up sharply in India,” commenting  Walnut CEO Amit Bhor. “We’re seeing a huge… Read More

February 9, 2017 @ 6:06 am By Erin Hobey  |  

Mobile payments and digital wallet firm MobiKwik is reportedly  in talks to raise funding that would give the startup a $1 billion valuation, forging new ties with banks and offering new financial services on its growing platform, according to multiple news sources. Potential investor parties and sought funding… Read More

February 7, 2017 @ 6:35 am By Erin Hobey  |  

Lending startup SlicePay has bought Delhi-based P2P lending platform Trustio in an all equity deal which the former hopes will strengthen its team, product portfolio and infrastructure. Trustio, launched last year, enables alumni of a select number of colleges access to short-term credit sourced from their… Read More

February 2, 2017 @ 5:30 am By Erin Hobey  |  

CEO and founders from India-based fintech platforms Walnut, Artoo and CreditVidya weighed in to comment on yesterday’s Founders of the Union Budget 2017 given by Finance Minister Arun Jaitley, noting its potential impact in increasing access of digital services and  building a more inclusive economy: “The Budget announcements are… Read More

February 2, 2017 @ 2:15 am By Jessica Pham  |  

The Federation of Indian Chambers of Commerce and Industry (FICCI) published a new report in January called “Leveraging the FinTech Opportunities in India” to highlight a number of topics, including digital payments, digital banking, blockchain, and online lending, to name a few. According to FICCI… Read More

January 25, 2017 @ 4:39 pm By Samantha Hurst  |  

India’s reward-based crowdfunding platform, Wishberry, announced on Wednesday it secured an undisclosed amount during its Pre-Series A Funding round through LetsVenture. The funding portal revealed that the lead investor was Sharad Sharma from iSPIRT, along with Google’s Rajan Anandan, Amit Ranjan of SlideShare, Alok Mittal from IAN,… Read More

January 23, 2017 @ 9:12 am By Samantha Hurst  |  

Startupbootcamp FinTech announced on Monday it has selected 10 startups to join its inaugural program in Mumbai. The group was selected from the Top 20 teams that made it to this round, after four months of scouting and nearly 300 applications from roadshows across Asia,… Read More

January 22, 2017 @ 3:56 pm By JD Alois  |  

Finvasia is an India-based Fintech firm that hit the radar last year when it raised an undisclosed sum of investment capital at a valuation of around $22 million. The company’s mission is to become the brokerage of choice by providing zero commission trading. Yep free… Read More

January 19, 2017 @ 6:13 am By Erin Hobey  |  

Yes Fintech, a business accelerator program in collaboration with Yes Bank, T-Hub, Anthill and LetsTalkPayments, announced that it is accepting global applications until 3 February.  The top 12 selected startups will enroll in a 15 week dual destination program, split between Mumbai and Hyderabad. Yes Bank is… Read More

January 16, 2017 @ 4:47 pm By JD Alois  |  

Loan Frame, an online lender providing access to capital in India, has raised $2.25 million. According to the India Times, the funding round was led by Parag Saxena, co-founder of Vedanta Capital and William Campbell, former chairman of Visa International. Additional investors included Toos Daruvala, co-chief executive… Read More

January 11, 2017 @ 3:47 pm By Samantha Hurst  |  

KNOLSKAPE, a modern workplace experimental learning company, announced on Wednesday it was selected as the knowledge partner of the new fintech education program of Andhra Pradesh (GoAP), a state in India. The company stated it would forming partnerships with universities in the state, along with… Read More

January 3, 2017 @ 7:30 am By Jessica Pham  |  

Over 25 startups in the online lending space have rapidly emerged over the past two years, according to TechCircle analysis.  Despite signs that global fintech investment was slowing in 2016, VCCircle‘s analysis for 2017 suggests that such investment may pick up again. Arti Singh and… Read More