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FINTECH

Finodaya Capital Raises $2.5M Seed Round to Expand Microloan Services Across India

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Findoya Founders

Finodaya Capital, a Madhya Pradesh-based non-banking financial company (NBFC), has raised $2.5 million in a seed funding round led by White Venture Capital, with additional participation from Gemba Capital and a group of strategic angel investors. The fresh capital values the company at approximately ₹50 crore ($5.87 million) post-money, according to industry sources. Empowering Microenterprises … Read more

The Investment Journey of Warren Buffett: Lessons from Airline Stocks

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Warren Buffett

Warren Buffett, one of the most renowned investors of all time, has built his legacy on making well-calculated investment decisions. However, even the Oracle of Omaha is not immune to mistakes. One of the most notable examples of this is his tumultuous relationship with the airline industry. From initial optimism to complete divestment, Buffett’s investment … Read more

Navadhan Secures ₹111 Crore in Series A Funding to Empower Rural Entrepreneurs

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Navadhan, a leading rural fintech startup, has successfully raised ₹111 crore in a Series A funding round, surpassing its initial target of ₹80 crore. The funding round was spearheaded by NabVentures, with Prime Venture Partners as co-lead. Other notable investors like LNB Group, Varanium NexGen, and Gemba Capital also participated. The fresh capital will help … Read more

Nirvana Insurance Secures $80M Series C to Revolutionize AI-Driven Commercial Trucking Insurance

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Nirvana Insurance

Nirvana Insurance, a leading AI-powered commercial trucking insurer, has raised $80 million in Series C funding, pushing its valuation to nearly $850 million. The funding round, led by General Catalyst, with continued support from Lightspeed Venture Partners and Valor Equity Partners, will drive Nirvana’s technological expansion and market growth in the fleet insurance sector. The … Read more

Leap Finance Secures $100M Debt Facility from HSBC to Expand Global Education Loans

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Leap Finance, the student lending division of Leap, has secured a $100 million debt facility from HSBC under its ASEAN Growth Fund. This follows Leap’s $65 million Series E equity raise in January, bringing its total funding to over $400 million. This new funding will support Leap Finance’s expansion in the U.S., strengthen university partnerships, … Read more

Namdev Finvest Secures $38 Million in Debt Funding to Empower Rural and Semi-Urban Borrowers

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Namdev finvest

Jaipur-based Non-Banking Financial Company (NBFC), Namdev Finvest Private Limited, has successfully raised $38 million in debt funding from prominent Development Finance Institutions (DFIs). Key participants include Developing World Markets (DWM), BlueOrchard-managed funds (BlueOrchard Microfinance Fund and COVID-19 Emerging and Frontier Markets MSME Support Fund), and Mirova, marking a significant milestone in the company’s journey toward … Read more

IIFL Fintech Fund Closes Series II with ₹200 Crore to Boost India’s Fintech Growth

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India’s leading early-stage fintech-focused fund, IIFL Fintech Fund, has announced the successful closure of its Series II funding round, raising ₹200 crore from prominent family offices, UHNI, and HNI investors. The fund aims to invest in the next generation of fintech startups, including those exploring cutting-edge opportunities in the generative artificial intelligence space. Track Record … Read more

Flexera to Acquire Spot by NetApp FinOps Business, Expanding Multi-Cloud and FinOps Capabilities

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Flexeraa founder

Flexera, a leader in technology spend and risk management, has entered into a definitive agreement to acquire the Spot by NetApp FinOps business from NetApp, a pioneer in intelligent data infrastructure. This strategic acquisition aims to elevate Flexera’s ability to support organizations managing their multi-cloud cost and FinOps requirements across hybrid cloud, SaaS applications, and … Read more

BillMart and EQARO Join Forces to Revolutionize MSME Lending and Trade Finance in India

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India’s fast-evolving trade finance and MSME lending landscape has received a significant boost as BillMart, a leading digital lending platform, partners with EQARO Guarantees to transform business financing. With expertise in MSME lending, bill discounting, supply chain finance, and working capital solutions, BillMart is set to integrate EQARO’s trusted credit and financial risk guarantee solutions … Read more

QuiD Cash Raises $4.5 Million to Revolutionize Supply Chain Financing

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Bangalore-based B2B supply chain digital lending platform, QuiD Cash, has announced raising USD 4.5 million in a funding round comprising equity and lending capital. The funding round saw participation from new investors, with MINTCAP, an existing investor, reaffirming its support. This funding follows the seed round raised in March 2024 and marks a significant step … Read more

FinX Secures $6 Million Seed Funding to Bridge India’s Education-Employability Gap

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FinX, a skilling platform focused on equipping India’s BFSI (Banking, Financial Services, and Insurance) sector with job-ready talent, has raised $6 million in seed funding from Elevar Equity. Addressing India’s Employability Challenge India faces a significant gap between formal education and market-ready skills. According to the India Skills Report 2024, more than 50% of Indian … Read more

OneCard Secures ₹239.4 Crore Funding from Better Tomorrow Ventures, Peak XV, and Z47

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Mobile-first credit card startup OneCard is set to raise ₹239.4 crore ($28.5 million) from prominent investors, including Better Tomorrow Ventures, Peak XV Partners (formerly Sequoia Capital), and Z47 (formerly Matrix Partners). This marks the company’s first equity investment of 2024, following a debt funding round earlier in January. Key Details of the Funding Round According … Read more

CredFlow Raises $3.7M Pre-Series B Funding to Scale Fintech Solutions for SMEs

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Delhi-based fintech startup CredFlow has successfully raised $3.7 million (₹31.2 crore) in its latest Pre-Series B funding round. The round was led by existing investors Inflexor Ventures and a prominent Singapore-based family office. This funding will be directed towards scaling CredFlow’s financial services and lending verticals, enhancing its technology, and driving innovation. This follows the … Read more

Financial Veteran N.S. Venkatesh Joins Athachi Finserv as Chairman

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N.S. Venkatesh, the highly respected financial professional who led the Association of Mutual Funds in India (AMFI) as its CEO from 2017 to 2023, is now taking on a new role in his illustrious career. He has been appointed as the Chairman of Athachi Finserv, a bespoke investment services organization offering comprehensive long-term wealth creation … Read more

ICICI Lombard and Capital Small Finance Bank announces Corporate Agency Alliance

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Sarvjit Singh and Birendra Mohanty (from left to right)

Capital Small Finance Bank (CSFB), India’s first small finance bank, has joined forces with ICICI Lombard, a leading private general insurance company, in a strategic Bancassurance Corporate Agency tie-up. This collaboration marks a significant milestone for CSFB’s growth strategy, aiming to widen its product offerings and provide a more diverse range of general insurance solutions … Read more

Balancehero India named Former American Express executive Sayantan Ghosh as Head of Credit Risk

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Balancehero India, the driving force behind one of India’s leading digital lending apps, TrueBalance, recently appointed Sayantan Ghosh, an alumnus of the Indian Statistical Institute, as its Head of Credit Risk Management & Data Science. Before joining Balancehero India, Sayantan had a stint with Statsfin and held various leadership positions at American Express. During his … Read more