Tagged: moneytap

Fintech Lenders in India are Trying to Implement RBI’s One-Time Loan Restructuring Scheme

Fintech lenders in India are reportedly looking for ways to implement the Reserve Bank of India’s (RBI) loan restructuring scheme. Non-bank Indian companies and online lending platforms are trying to rework their loan collection and overall business strategies, according to the ET, which cited sources… Read More

MoneyTap, India’s First App-Based Credit Line, Enlists Renaud Laplanche to Board of Advisors

  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

Fintech Ripple’s Partner, SBI Holdings, to Integrate MoneyTap Settlements Platform to Process Transactions via ATMs in Japan

Ripple company partner and investor, SBI Holdings, is planning to integrate the Fintech firm’s technology, in order to process transactions via ATMs throughout Japan. SBI’s management noted in its recent financial report that it will integrate the Ripple technology-based settlements solution, MoneyTap, with ATMs operated… Read More

India-based Consumer Lending Firm MoneyTap Secures $7 Million via Series B Equity and Debt Financing Round

India-based consumer lending firm MoneyTap has secured around $7.14 million through a  Series B equity and debt financing round from investors, including Aquiline Technology Growth (ATG), RTP Global and Sequoia India. Additionally, several Korea and Japan-based investors took part in the round. Existing investors Prime… Read More

Bengalaru-based Fintech Moneytap Awarded Non-Banking Finance Company (NBFC) License

Fintech firms that originally offered loan originations and pure-play credit marketplaces are now looking to become lenders themselves. Some of these firms have either applied for or have received a non-banking finance company (NBFC) license from the Reserve Bank of India (RBI), according to local… Read More

Ripple-Powered Mobile App MoneyTap to Provide On-Demand Domestic Payments in Japan

On Tuesday, Ripple announced that the Japanese Bank Consortium will release MoneyTap mobile app, which is powered by the company’s blockchain technology, to allow customers of the bank consortium to settle transactions instantly, 24 hours a day, seven days a week. According to Ripple, MoneyTap… Read More

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