MoneyyApp, a Fintech platform empowering small businesses, digital native solopreneurs and creators in India, has raised an undisclosed amount in pre-seed round from AngelList Early Stage Quant Fund. MoneyApp would use the funds to expand its operations, increase product development and create awareness around the app to get more creators and solopreneurs into its network. … Read more
Mumbai-based Private Equity Fund Xponentia Capital announces investment in Fintech start-up Zype mentored by industry veteran Vivek Vig. Zypeis a new-age FinTech platform which aims toimprove accessibilityto credit for millennials and help them develop sustainable financial habits. Zype’s management team is led by Yogi Sadana – Founderand CEO,who has deepFintech experienceand has held several leadership … Read more
SanKash, the fastest-growing travel fintech offering financial services to the travel market, today announced its plans to hire 500 professionals in India, over the next six months. All these hirings will be to fuel SanKash’s sales and operations feet on the street capability to cater to its existing travel merchant base of 6000 spread across 250+ cities and increase its ground presence at … Read more
PayU, India’s leading online payments solutions provider, today announced the appointment of Arvind Agarwal as its new Chief Financial Officer. In his career spanning over two decades, Arvind has handled a wide range of financial and strategic leadership roles with multiple dynamic consumer-facing multi-billion-dollar tech companies. Arvind joins PayU after a successful stint at Nykaa that saw robust recovery from COVID while … Read more
IppoPay Technologies, a verticalized payments infrastructure company, said in a statement that it has acquired the business of Roamsoft Technologies Pvt Ltd, a fintech focused IT products and services company located in Tamil Nadu, for an undisclosed amount. Roamsoft, headquartered in Chennai, is primarily engaged in the business of developing products and providing technology services … Read more
Cosmo First Limited announced today yet another buyback of fully paid-up equity shares through a tender route from the existing shareholders on a voluntary and proportionate basis. The buyback price is fixed at Rs 1,070 per share (face value Rs 10 per share) representing a premium of 42% over the closing price as on Nov 28th, 2022 … Read more
CRED, a high-trust community of creditworthy individuals, brands, and institutions and CreditVidya – a SaaS company that offers a lending-as-a-service platform, have agreed on terms for an acquisition of CreditVidya by CRED. The transaction is a mix of cash & stock, and closure of the acquisition is subject to requisite approvals. CreditVidya’s full stack platform … Read more
Kotak Mahindra Bank Limited today announced that it will be providing finance to dealers onboarded on actyv.ai, an AI-powered enterprise SaaS platform. KMBL will provide short-term finance under the ‘Buy Now, Pay Later’ category for working capital needs of dealers. Sunil Daga, President & Head – Business Banking Assets, Kotak Mahindra Bank said, “Small business … Read more
Following the outbreak of the COVID-19 pandemic, the uncertainties associated with it, and the subsequent shift to digital operations and remote working, businesses have been exposed to new risks related to digital security, employee safety and disinformation. These in turn have led to new incidents of fraud: 52% of Indian companies experienced fraud or economic crime … Read more
Lentra, the class leading Cloud lending platform, has closed its Series B funding round with a transaction value of USD 60 mn, led by existing investors Bessemer Venture Partners and SIG Venture Capital with participation from Citi Ventures. Masterkey Capital were the Investment Bankers. The funding will be used for products+platform strengthening and also for … Read more
Moneyboxx Finance Limited- a BSE-listed NBFC that provides small-ticket business loans to micro entrepreneurs in Tier-III cities and below, secured INR 50 crores term loan from SBI for a period of 4 years. The company will utilize the funds for onward lending to the micro-entrepreneurs in the agricultural and allied sectors. This loan from SBI, along with … Read more
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced the launch of a new financial services advisory capability in India. Capco, a Wipro company, will supplement Wipro’s presence in the Indian financial services sector through its business in Mumbai to jointly offer end-to-end transformation services for this sector. … Read more
In an exciting Q4 announcement from the largest and fastest growing payments services provider in the MENA region, HyperPay has unveiled a new logo, along with a complete brand overhaul in view of exciting expansion plans set for 2023. The news comes on the heels of HyperPay’s recent SAR 138M funding round led by Mastercard, with investments … Read more
SphitiCap – an early-stage sector agnostic fund today announced their second investment portfolio with $11.5 Million Series A Funding in PayVEDA. PayVEDA is a leading solution-oriented fin-tech player bridging the financial gap (banking &non-banking) in underserved regions of India. The company’s promising growth, the pipeline of strategic acquisitions, and the near plausibility of an Initial … Read more
Kinara Capital, a fast-growing fintech for India’s small business entrepreneurs, today announced closing a fresh equity round of INR ~200 crores led by British International Investment (BII), the UK’s development finance institution and impact investor. Existing equity investors Nuveen and the ASN Microkredietfonds advised by Triple Jump also participated in this round. This equity investment will … Read more
Simpl today announced a partnership with CCAvenue for a seamless checkout experience. Through this collaboration, millions of customers will now enjoy Simpl’s frictionless checkout and pay later facility on CCAvenue’s vast payment stack. Simpl, India’s favourite checkout partner, is a seamless and convenient checkout option to be offered by Infibeam Avenues’ digital payments solution CCAvenue. … Read more
