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
Signzy, a supplier of digital banking infrastructure with headquarters in Bengaluru, has disclosed raising Rs 210 crore (about $26 million) in its most recent round of fundraising from Gaja Capital and previous backers Vertex Ventures and Arkam Ventures. Ankit Ratan, Ankur Pandey, and Arpit Ratan founded Signzy in 2015 to provide banks and other financial … Read more
TerraPay, a leading global payments infrastructure group today announced its partnership with NPCI International Payments Limited (NIPL), the International arm of National Payments Corporation of India (NPCI). This association with NIPL will allow Indian customers and merchants in India with an active Unified Payments Interface Id (UPI Id) to make and accept cross-border payments seamlessly by leveraging TerraPay’s … Read more
Refinitiv, an LSEG Business and one of the world’s largest providers of financial markets data and infrastructure, today announced a long-term strategic agreement with HDFC Bank, India’s largest private sector bank, to support digital transformation and innovation programmes across the whole business in India. Under the multi-year agreement, comprehensive access to Refinitiv’s data and products … Read more
One of the top insurtech businesses, Zopper, today announced that it had raised $75 million in Series C funding from ICICI Venture* and Bessemer Venture Partners, with Creaegis serving as the round’s lead investor. Founded in 2011, during its initial days Zopper was a customer-focused point of sale (PoS) system for retailers and small and … Read more
PayPal Holdings, Inc. today announced that John Kim will join the company as Executive Vice President (EVP), Chief Product Officer (CPO), effective September 26, 2022. Kim brings unique skills and experience building foundational consumer products and marketplaces from the ground up. Throughout his career, he has driven innovative product development to compete and win in … Read more
Fi, a fintech firm that hosts a neo-banking platform, has announced a $45 million funding round. Alpha Wave Ventures led the Series A funding round. The latest funding comes after the Bengaluru-based startup raised $50 million in November 2021 at a valuation of $315 million. Ex-Google Pay executives Sujith Narayanan and Sumit Gwalani founded the … Read more
Digital lending fintech platform, LoanTap, has announced a business collaboration with Muthoot Finance. This co-lending partnership will enhance the reach for Muthoot finance to the millennial audience by leveraging LoanTap’s technology and sourcing strength. Apart from the partnership with Muthoot Finance, LoanTap is already working in collaboration with many other RBI-registered NBFCs in a co-lending … Read more
M2P Fintech, one of Asia’s leading API infrastructure provider led the USD 2.50 million funding round for the Account aggregator platform Finvu. Varanium Nexgen Fund, IIFL and DMI Sparkle Fund also participated in the round. Founded in 2017, Finvu is a registered and licensed NBFC Account Aggregator (NBFC-AA) from the Reserve Bank of India (RBI) … Read more
Arya.ag, India’s largest and fastest-growing integrated grain commerce platform, today announced crossing the distinct milestone of reaching the INR 500 crore book outstanding on its embedded fintech platform, Aryadhan. This feat is propelled by Arya.ag’s indigenously built digital capabilities, which have been customised for simplified and optimum use by smallholder farmers and farmer producer organisations (FPOs). With … Read more
Progcap, a startup in corporate financing, raised $40 million from investors in its Series C investment. The business had previously received $30 million from Creation Investments and Tiger Global. It raised a total of $70 million during the most recent round, valued at $600 million. The venture, which was established in 2017 by Pallavi and … Read more
LoanTap, one of India’s fastest-growing lending tech start-ups, announced the strengthening of its senior management by appointing Ashish Jain as the Chief Financial Officer and Rajeev Das as the Chief Risk Officer. Their primary responsibilities will include implementing strategic initiatives that will be transformative and influential to the future of hyper-growing fintech. The appointment of these two … Read more
