Ruptok, a fintech platform for gold loans, has raised Rs 16 crore from existing and new investors, including Manuvel Malabar Jewellers and industry veterans and HNIs Nivedan Sahay and Neeraj Aggarwala, in its pre-Series A fundraising round. According to the firm, over Rs 60 crore has been distributed to over 1,600 clients. Ruptok is a … Read more
In addition to a previous interim round with current investors Sequoia Capital and Ribbit Capital, Fi, a neo-bank for working professionals, has secured $50 million at a valuation of $315 million from B Capital Group, Falcon Edge, and others. Fi’s worth has increased sevenfold from their Series A financing in 2020, when it was valued … Read more
Unity Small Finance Bank Limited (Unity Bank), has commenced operations. Having complied with all requisite regulatory approvals, the Bank has begun operations in record time, with a quick turnaround from the RBI’s approval received on October 12, 2021. Unity Bank is founded by Centrum Financial Services Limited (Centrum), the established and profitable small business lending arm … Read more
Home Credit India, a local arm of the international consumer finance provider with operations spanning across Europe and Asia and committed to driving financial inclusion in India, has partnered with Flexmoney, India’s leading full-lifecycle BNPL (Buy Now Pay Later) Digital Credit Network Platform provider to offer Instant Cardless EMI to Home Credit customers across Flexmoney’s … Read more
Prior to its IPO, PB Fintech, the holding company for PolicyBazaar and PaisaBazaar, received Rs 2569.73 crore from 155 anchor investors. The company claimed in a filing with the stock exchanges that the participants included both domestic and overseas investors, with shares distributed at a price of Rs 980 per share. PB Fintech’s initial public … Read more
HDFC Bank, Mastercard, U.S. International Development Finance Corporation (DFC), and U.S. Agency for International Development (USAID) today launched a $100 million credit facility to promote and encourage small businesses in India to digitize, while also helping Indian businesses, particularly those that are women-owned, to recover from the economic impacts of the pandemic. COVID-19 has had … Read more
BASIC Home Loan, a Gurugram-based fintech startup, has raised $3.5 million in a Series A round of funding led by Venture Catalysts (VCats) and Gruhas Proptech, an investment platform of Zerodha Founder Nikhil Kamath and Abhijeet Pai of Puzzolana Group. Abhijeet Pai of Gruhas Proptech said, “We were impressed by the way BASIC Home Loan … Read more
BharatPe, India’s fastest-growing Fintech firm, announced today that it has raised Rs. 100 crores (US$ 14 million) in debt from MAS Financial Services Private Limited (MAS Financial), one of India’s leading non-banking financial companies dedicated to being a leading distributor of financial services and creating value on a large scale. This is the company’s sixth … Read more
