Blume Ventures, GrowX Ventures, IIFL, and Kotak Securities Limited led a $3 million Pre-Series A fundraising round for fintech firm Multipl. The new funds will be used to expand the platform’s investment possibilities and help customers better budget their costs, according to the company. Multipl, founded in 2020 by Paddy Raghavan, Jags Raghavan, and Vikas … Read more
Agriwise Finserv Limited, one of India’s fastest growing agri-focussed NBFCs, today announced that it had obtained a secure credit facility from Maanaveeya Development & Finance Private Limited (Maanaveeya). Maanaveeya is the Indian subsidiary of Oikocredit, social impact investor and worldwide cooperative with over 46 years of experience in funding organisations active in financial inclusion, agriculture and renewable energy. … Read more
Bank Holidays In May 2022: If you have any work related to bank in the month of May, then plan for it now. Some Holidays According to the States-(According to the States Also Some Holidays) Apart from the national holidays, there are also some holidays according to the states. According to the report, out of … Read more
Financepeer, an edu-fintech business, has raised $31 million in a Series B fundraising round led by QED Investors of the United States and Aavishkaar Capital of Mumbai. Ardent Ventures, a US-based edu-tech investor, as well as DMI Sparkle Fund, DMI, 9Unicorn, LC Nueva AIF, and Maxar VC, participated in this round. Financepeer, founded in 2017 … Read more
PhonePe, India’s largest digital payments platform, has announced the acquisition of GigIndia, the country’s largest network for independent micro-entrepreneurs. GigIndia, which has 1.5 million entrepreneurs and over 100 businesses as customers, would merge with PhonePe as part of the deal. PhonePe will use GigIndia’s network of freelancing microentrepreneurs to assist corporations and businesses in expanding … Read more
HDFC Bank, under its flagship CSR programme Parivartan, today launched skill training initiative for 6,900 youth in Goa in collaboration with Wipro GE Healthcare and United Way Delhi (UWD). Beneficiaries associated with skilling institutes will be imparted training for various non-technical job roles in the healthcare sector. Apart from training, the students will be provided … Read more
Niyo, the consumer neo-banking platform, has raised $100 million in its Series C round of funding. The company will be using the funds to accelerate its mission to transform banking in India, and to provide convenient and hassle-free financial services to digital native customers. This Series C round of funding was led by Accel & Lightrock India with … Read more
Funds managed by Infinity Investment Management and advised by Convergent Finance LLP (“Convergent Funds”), announced the execution of an agreement with the existing promoter shareholders of Jagsonpal Pharmaceuticals Limited (“Jagsonpal”) to acquire approximately 43.7% of the outstanding shares of Jagsonpal at a price per share of INR 235 for a total consideration of INR 2,692 mm (USD … Read more
RapiPay, a fintech firm, announced on Tuesday that it had raised $15 million to develop NYE, a super app for new-age digital banking. Varun Jaipuria (RJ Corp), DLF Family Office, Rahul Gautam (Sheela Foam), and Rohan Kumar led the fundraising round (DS Group). RapiPay claims to be India’s only digital banking company with a physical … Read more
EarlySalary, India’s largest consumer lending platform for young professionals, launches Health Category to strengthen its BNPL portfolio. EarlySalary brings onboard Mr. Parvaiz Hussain, the CEO and Co-Founder of HealthFin, who will now be leading Health Category and Strengthen its BNPL offering which includes EdTech, Consumer Tech, Insurance and HealthCare categories. Parvaiz Hussain brings his experience … Read more
With the acquisition of Qfix Infocomm, a Mumbai-based online payments business, for an undisclosed sum, fintech unicorn Pine Labs, which is preparing to list on the New York Stock Exchange, continues its inorganic approach. Pine Labs has added another company to its range of services, following the acquisitions of Singapore-based Fave and QwikCilver Solutions. Qfix, … Read more
Moneyboxx Finance Limited (Moneyboxx), a BSE-listed NBFC which provides small-ticket business loans to micro and small enterprises in Tier-III towns & below places, today announced appointment of Mr. Vikas Bansal as Chief Risk Officer from Feb 2022. Mr. Bansal served as National Credit Manager – Emerging Business and Digital Lending in his previous role at TATA Capital. … Read more
Razorpay Software Pvt Ltd, a digital payments and financial services startup, announced on Tuesday that it has acquired a majority stake in Malaysia-based fintech firm Curlec, marking the company’s first foreign acquisition. Curlec is a Kuala Lumpur-based company, building solutions for recurring payments for businesses of all sizes. This is our first international acquisition and … Read more
Raise Financial Services has raised $22 million in Series A funding from BEENEXT and Mirae Asset Venture Investments. The fintech startup was founded in January 2021 by Pravin Jadhav, who previously led Paytm Money, and its first product, trading platform Dhan, was released in November last year. Raise Financial is to spend $15 million in … Read more
Kalaari Capital sponsored a seed round of funding for threedots, a fast-growing next-generation community investing platform. Rishu Garg, Prakhar Bhardwaj, and Akul Agarwal, all BITS Pilani graduates who previously worked together at Groww, formed threedots in March 2021. The founders have worked with startups such as Cleartax and Smallcase and have product and scaling experience. … Read more
Steadview Capital, Tiger Global, and Dragoneer Investment Group led a $75 million Series D round of funding for wealth management platform INDmoney. INDMoney, which launched in 2019, offers users to keep track of their finances on a single platform and invest in a variety of financial instruments including as mutual funds, fixed deposits, equities, and … Read more
