During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard (NYSE: MA) announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Debuting first in India as a pilot with some of the nation’s… Read More
Currencycloud, the firm focused on simplifying business in a multi-currency world, has partnered with BriskPe, the Mumbai-based cross-border payments Fintech, in order “to expand BriskPe’s customers’ payment options.” The partnership will open up international business opportunities “for its India-based micro, small and medium sized enterprise… Read More
TransBnk, the Mumbai-based Fintech startup, has successfully raised $1 million in seed funding. The investment round was “led by 8i Ventures, the early stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz, amongst others.” Other contributors to… Read More
Merchant commerce omnichannel platform Pine Labs announced the appointment of Navin Chandani as the President of its Issuing Business. Issuing Business of Pine Labs claims that ii is “a market leader in the issuing of prepaid cards, gift cards, rewards, incentives, loyalty programs and several… Read More
IndiaBonds announces the appointment of a new CEO to drive strategic growth and innovation and is set to welcome its Chief Executive Officer and Co-Founder Mr. Vishal Goenka. Prior to joining IndiaBonds, Vishal was “a Managing Director at Deutsche Bank Singapore, Global Markets, for many… Read More
Newgen Software, a global provider of digital transformation products, has introduced what it claims to be the first low code trade finance platform at the recent customer meet in Mumbai, India. Trade finance is a fairly complex process as it involves a lot of paperwork,… Read More
India’s Venture Debt Report 2022, released by Stride Ventures, reveals that the year 2021 saw 111 firms acquiring funds via debt, of which 91 companies were categorized as unique. Bengaluru reportedly saw the highest number of venture debt deals, making up 40% of all such… Read More
Bizongo has announced its latest fundraise of $110M via a Series D round that was led by New York-based Tiger Global Management. As mentioned in an update shared with Crowdfund Insider, the B2B e-commerce and supply chain enablement platform also launched India’s first IoT powered… Read More
Global Fintech firm MODIFI has announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The proceeds will be channeled towards addressing rising demand and help more SMEs with trading internationally on MODIFI’s digital platform. The COVID-19 outbreak has “negatively… Read More
GoldenSource, an independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) services, reveals that it’s creating 50 new professional jobs at its Mumbai offices. As first reported by Finextra, the new roles are being created to support GoldenSource’s expanding software product portfolio… Read More
The State Bank of India (SBI) (NSE:SBIN), a multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra, reports that it has made a strategic investment in Paypal-incubated digital payments Fintech Cashfree. Launched in 2015, the Bengaluru-headquartered Fintech firm handles more than… Read More
UK-based Fintech firm Wise (formerly doing business as TransferWise) has introduced remittance services in India, as the company looks to expand its operations globally with a new office in Mumbai. This move by London-headquartered Wise has come after the company began supporting Google Pay users… Read More
India-based Jai Kisan, a Fintech startup that is focused on bringing modern financial services to the country’s rural areas, where commercial banking institutions have very low penetration rates, revealed on Monday (May 31, 2021) that it had acquired $30 million in capital through a new… Read More
The TIFIN GROUP, a Fintech platform with 10 active operating firms for the asset and wealth management sector, revealed on Tuesday (April 20, 2021) that it finalized a $22.3 million Series B round. The Group also announced the addition of three strategic investors to its… Read More
Mumbai-based 5paisa, a one-stop shop for quality research and low-cost and “cutting-edge” trading platforms, notes that last year, there were relatively few IPO listings, but there was still a lot of participation on Dalal Street (which is the address of the Bombay Stock Exchange and… Read More
Mumbai-headquartered Fintech firm TaxBuddy recently revealed that it has secured $1 million in early-stage funding from UAE’s fund Zenith Global. Launched in 2019 and owned by Mumbai’s SSBA Innovations Pvt. Ltd, the firm aims to offer an online tax advisory service through various subscription-based plans…. Read More
Indian Fintech U GRO Capital, an online lending platform for SMEs, has released its Q2 FY21 financial results and posted a (profit after tax) PAT of INR 17.2 Crores (appr. $2.28 million). The BSE (formerly called Bombay Stock Exchange) stock exchange-listed, technology-focused platform noted that… Read More
The Bank of India (BoI), a major commercial bank with headquarters in Bandra Kurla Complex, Mumbai, has decided to postpone its plans to launch additional physical branches because the institution’s customers now prefer to use its digital banking platform. The BoI is also looking into… Read More
India-based Fintech platform GetVantage has acquired $5 million in capital through a seed investment round that included debt and equity financing. Chiratae Ventures (previously IDG Ventures) and Dream Incubators (from Japan) took part in the round along with other investors – which included non-bank financial… Read More
India-based PhonePe, a major digital payments platform, has teamed up with the Brihanmumbai Electricity Supply and Transport (BEST) in order to offer a frictionless, contactless, safe, and secure payment option to commuters in Mumbai, which is a major financial center and one of the country’s… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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