IDFC FIRST Bank and Hindustan Petroleum Corporation Ltd. (HPCL) today signed an agreement to facilitate fuel payments by motorists at HPCL’s retail outlets using the Bank’s FASTags. Further, IDFC FIRST Bank’s FASTags can now also be bought, recharged and replaced by passenger vehicle users at select HPCL retail outlets. This partnership makes the purchase and use … Read more
Branch, one of the most popular personal finance applications, has promoted Anshul Agrawal to Chief Technology Officer (CTO) for the company’s global operations. Anshul has more than 15 years of experience in technological infrastructure and architecture, as well as security, performance, product development, and UI/UX best practises. He’s an engineer from IIT Roorkee who dropped … Read more
PayU Finance, which owns LazyPay, India’s preferred Buy Now Pay Later solution and PaySense, a full stack personal loans company, has elevated Bhavik Kaul as the company’s Chief Product Officer (CPO), further strengthening its leadership team to scale up the business and pave the way for the next phase of growth. He will be responsible for building and expanding … Read more
Zenpay Solutions, a fintech startup, announced that it has raised an unknown amount of money from AngelBay and TheStartupLab, as well as angel investors. Zenpay, a fintech firm founded in 2018, provides banking services to small and medium businesses (SMEs) that employ blue-collar workers. Zenpay plans to use the new funds to expand its technical … Read more
ETMONEY, one of India’s fastest growing investments and wealth management platform, has crossed the milestone of 3 billion US dollars’ (INR 22,500 Crores) of total mutual fund investments being managed on the platform. The current value of investments made through ETMONEY has crossed $1Bn itself while another $2Bn of investments are being actively managed by … Read more
V-Mart Retail Limited announced the appointment of Aakash Moondhra, Global CFO of PayU, as Chairman of the company. The Company also announced a strategic change in its leadership structure, further improving the corporate governance framework with the role of Chairman and Managing Director now being split, with Mr. Aakash Moondhra (Independent Director) being designated as … Read more
MobiKwik, one of the largest mobile wallets and Buy Now Pay Later (BNPL) Fintech companies in India, has collaborated with National Payments Corporation of India (NPCI) and Axis Bank to launch “MobiKwikRuPay Card”. The card will be free of charge to customers and purely digital keeping in line with the growing demand for digital payments across … Read more
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
