CleverTap, the versatile engagement platform, has announced a strategic partnership with SpiceJet, one of India’s leading airlines. This collaboration is set to empower SpiceJet in enhancing its customer experience by leveraging CleverTap’s advanced technology to deliver personalized and contextually relevant communication across its web and mobile channels. As a key player in the airline industry, … Read more
Buzzworks, India, and Innovations Group, UAE, have officially announced the appointment of Prakash Jain as their Group Chief Financial Officer. Both organizations hold prominent positions in the human resource and recruitment services industry, and with this strategic appointment, Prakash will play a vital role in driving financial excellence and growth across both entities. Prakash brings … Read more
TVS Credit Services Limited, a leading NBFC in India, has recently disclosed its unaudited financial results for the first quarter of FY24, concluding on June 30, 2023. During this period, the company’s Assets Under Management (AUM) reached an impressive Rs. 21,924 Crore, marking a significant increase of Rs. 6,528 Crore from the previous year’s June … Read more
Filing income tax return (ITR) is a mandatory requirement for all taxpayers in India. If you are filing ITR for the first time, there are a few key points you need to remember to avoid a penalty of Rs 5,000. 1. File your ITR on time The due date for filing ITR for the assessment … Read more
PayU has demonstrated its commitment to sustainability and financial inclusion in India by procuring Distributed Renewable Energy Certificates (D-RECs) from impactful solar projects that provide electricity to rural banks. This move aligns with the growing momentum for corporate climate action and a just transition. D-RECs are an innovative climate finance tool that accelerates the energy … Read more
Volt Money, a leading platform for instant secured loans against mutual funds, has successfully completed a pre-seed fundraising round of $1.5 million. The platform enables mutual fund investors to access cash within 10 minutes, offering favorable terms such as low interest rates, interest-only EMIs, and no pre-payment charges. With the aim of serving 10 crore … Read more
TankhaPay, India’s pioneering social security app developed by Akal Information Systems Ltd., secures a substantial $2.7 million funding from prominent Japanese investors. This app addresses the crucial need for social security among informal, gig, and temporary workers by facilitating their inclusion in government schemes such as PF and ESI. TankhaPay formalizes payroll processes, ensuring the … Read more
Navadhan Capital, a Mumbai-based fintech startup, has successfully raised $1.5 million in a seed funding round. The funding was led by Varanium NexGen, a fintech-focused fund, and included participation from existing investor Anicut Capital. Gemba Capital also contributed to the funding, as stated in a press release via BusinessWire. Navadhan Capital adopts a digital-first approach … Read more
Mumbai-based fintech startup, TransBnk, has successfully raised $1 million in seed funding. The funding round was led by 8i Ventures, a prominent early-stage venture capital fund known for its successful investments in the fintech sector, including M2P, Slice, and Easebuzz. Other contributors to the funding round include Growthcap Ventures, Leadway Ventures LLP, Growth Sense, as … Read more
Chqbook, India’s first neobank for small business owners, has launched a specially designed “Shop Insurance Cover” for its Digital Current Account customers. This insurance solution has been designed and launched in association with ICICI Lombard one of India’s leading general insurance companies. Under this insurance, losses incurred by shop owners due to floods, earthquakes, lightening, … Read more
Moneyboxx Finance Limited, a BSE-listed NBFC that focuses on impact financing by providing business loans to micro entrepreneurs in Tier-III cities and below, secured INR 20 crores term loan from Maanaveeya Development & Finance Private Limited (Maanaveeya), an Indian subsidiary of Oikocredit, a 40-year-old Global Development Financing Institution that responds to the needs of businesses … Read more
Finsire, a Fintech company specialising in lending infrastructure and asset collateralization API, reported that it has received $1.3M in seed funding from strategic investors. Finsire builds lending enablement services by permitting digital assets to be taken as collateral. The solution allows Banks, NBFCs, fintechs, credit requirement distribution, and depositaries to maximise their lending capabilities. The … Read more
Electronic Payment and Services Pvt. Ltd. (EPS), a leading provider of payment technology services in India, has announced the appointment of Mr. Ram Rastogi as an Additional Director in its wholly owned subsidiary, Finiverse Aggregator Pvt. Ltd. Mr. Rastogi, who has over four decades of experience in building payment systems, including IMPS, UPI, and AePS, … Read more
Fullerton India Credit Company Limited, one of the leading NBFCs in the country, reported a profit of Rs 551 crores for the third quarter of FY23. Total Disbursals stood at Rs 19,500 crores, a jump of 41% companies to the corresponding quarter last year. The growth story has been inked under the leadership of Mr … Read more
Edu-fintech startup, Financepeer has unveiled its new brand identity “LEO1”. The new identity reflects the company’s transformation from a Fee Financer to an Education enabler. “This transformation to ‘LEO1’ with a distinctive visual brand identity is a step towards becoming a stronger, pioneering, and more independent entity marking a pan-India presence. Through the rebranding, the … Read more
Clix Capital Services Pvt Ltd (‘Clix Capital’) – one of India’s leading non-banking financial services companies, under a new leadership has made huge strides in turning around its business this year. Challenged by COVID and the associated lock-downs, several NBFCs and lending institutions struggled to manage growth and asset quality, and Clix was no different. However, over … Read more
