Tagged: india

May 29, 2016 @ 11:59 am By JD Alois  |  

The peer to peer lending industry in India has been slow to evolve in contrast to many other nations. Yet India is the second most populous country with more than 1.2 billion people and is the most populous democracy in the world. The opportunity for… Read More

May 10, 2016 @ 10:44 am By Erin Hobey  |  

P2P lending startup Faircent has raised Series A round led by JM Financial Ltd subsidiary which has picked up 9.8% stake in the company, according to a release. The capital will be utilized by the Mumbai-based company to build its technology and product as well strengthening and growing… Read More

May 3, 2016 @ 11:51 am By Erin Hobey  |  

MobiKwik, a Gurgaon, India based mobile wallet company, has raised an undisclosed amount of funding led by Japanese GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek, according to a company press release. The round was part of Series C round raised last month, which included participation from its existing investors… Read More

May 2, 2016 @ 8:55 am By JD Alois  |  

Embedded below is the consultation paper crafted by the Reserve Bank of India (RBI) in anticipation of creating a regulatory regime for peer to peer lending.  The document sets out to review the various legal frameworks in place around the world for peer to peer… Read More

April 27, 2016 @ 12:20 pm By Erin Hobey  |  

Income tax returns e-filing website ClearTax has secured an angel investment of $1.3 million from top Silicon Valley angels. ClearTax was founded in 2011 by the father-son team of Raja Ram Gupta and Archit Gupta, Srivatsan Chari and Ankit Solanki, ClearTax is the fourth Indian start-up  funded… Read More

April 26, 2016 @ 11:38 am By Erin Hobey  |  

According to Reserve Bank of India Deputy Governor R Gandhi, approval of new types of NBFCs (non-banking finance companies) will continue.  Detailed information has not yet been released from the bank, but Gandhi commented while inaugurating the ASSOCHAM summit discussing NBFCs: The Changing Landscape’ reported Mumbai’s Deccan Herald:… Read More

April 12, 2016 @ 12:54 pm By Samantha Hurst  |  

PeerLend, an India-based peer-to-peer (P2P) lending platform, announced on Monday the launch of its new software service PeerZoom. According to the company, PeerZoom allows users to customize and configure its lending portal in the shortest time possible.  Features include: Change catalysis and architecting: PeerLend’s engagement… Read More

April 12, 2016 @ 11:16 am By Erin Hobey  |  

LenDen Club, an Indian online peer-to-peer lending platform, has raised undisclosed seed round of funding through Venture Catalyst, India’s first seed investment and innovation platform. The round saw participation from Anirudh Damani, Daud Ali, Narendra Karnavat, Vikas Kapoor, Vikram Lakhotia, Krishna Jhunjhunwaala and Jayesh Shah, according to a… Read More

April 11, 2016 @ 11:50 am By Samantha Hurst  |  

Biz2Credit, a small business financial technology platform, announced on Monday that it has partnered with financing portal, Tata Capital, to help give India’s small businesses access to online financing. According to Biz2Credit, Tata Capital will be utilizing the acquisition channels on its small business lending marketplace in India, thereby… Read More

April 10, 2016 @ 2:59 pm By JD Alois  |  

In the first bi-monthly Monetary Policy Statement, 2016-17 Dr. Raghuram G. Rajan,  Governor of the Reserve Bank of India, stated that a conceptual document will be posted on their website by the end of the month.  According to the statement from last week; Peer to Peer… Read More

April 5, 2016 @ 4:05 pm By Samantha Hurst  |  

On Tuesday, payment service provider, PayU, announced it conducted an analysis on ecommerce customs and fintech potential in Latin America, Central/Eastern Europe, India, and Africa at Money20/20 Europe. Findings that are featured in PayU’s report included: High growth of ecommerce in Africa. More than 65%… Read More

March 16, 2016 @ 11:03 am By JD Alois  |  

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

February 25, 2016 @ 5:39 am By Erin Hobey  |  

LoanZen Pvt Ltd, which runs P2P lending marketplace LoanZen, has raised an undisclosed amount in seed funding from angel investors through Tracxn Syndicate, an angel network launched by Tracxn, reported VC Circle’s Nishant Sharma. Offering services in Bangalore, LoanZen provides SMEs with unsecured working capital loans against their pending invoices to MNC/listed… Read More

February 11, 2016 @ 4:34 am By Erin Hobey  |  

Mumbai-based P2P lending fintech startup, Capzest, has raised $200K in seed funding from LionVentures, a seed investment and innovation platform founded by Anurag Mehrotra founder of LionVentures; Varun Dua, co-founder and CEO of Coverfox; Amit Tambe, former senior partner of Trilegal India and Vikas Jhunjhunwala, a Mumbai-based textile businessman reported VC Circle…. Read More

February 2, 2016 @ 4:44 am By Erin Hobey  |  

Creditnation.in, a lending platform which combines credit advisory, analytics, process automation and last-mile connectivity, has announced that it has raised angel round funding for an undisclosed amount.  The platforms deals primarily in credit cards, loan against property, housing, personal, auto and business loans, and have already partnered… Read More

January 29, 2016 @ 7:53 am By JD Alois  |  

Fundnel, an investment crowdfunding platform that has taken a regional approach to raising capital, has formed a partnership with Anthill Ventures – a venture group and “speed scaling firm” based in India.  Startups graduating from the Anthill program will be migrated to the Fundnel platform… Read More

January 21, 2016 @ 5:43 am By Erin Hobey  |  

Moody’s Investors Service avers that the development of domestic securitization markets will help India and China achieve their common goal of building inclusive financial systems that will ultimately bring affordable credit to the underprivileged segments of their societies and which are usually excluded from the conventional banking… Read More

January 8, 2016 @ 5:06 pm By JD Alois  |  

Like the rest of the world, India is moving forward with new forms of finance. Last month, the Securities and Exchange Board of India stated it would reveal crowdfunding norms “soon”.  Now at a conference taking place in Mumbai, R. Gandhi, deputy governor of the Reserve Bank of… Read More

December 11, 2015 @ 12:08 am By Midori Yoshimura  |  

In India, crowdfunding norms will soon be put into place to help entrepreneurs raise funds through crowdfunding, and discussions are underway to allow sale of mutual funds through e-commerce platforms, announced U. K. Sinha, chairman of India’s capital markets regulator, the Securities and Exchange Board of India (SEBI),… Read More

October 31, 2015 @ 11:36 am By Samantha Hurst  |  

Fund for Unity, a civic crowdfunding platform that facilitates public funding and participation in community development projects, has been launched by the government of Gujarat on October 31st as a step towards the envisaged icon based development of the Narmada district in Gujarat. The website was made available… Read More