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FINTECH

HDFC Bank Parivartan to train 6,900 Goa youth in healthcare with Wipro GE Healthcare & United Way Delhi

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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 raises US$100 million in Series C round led by Accel and Lightrock

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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

Convergent Finance LLP to Acquire a Controlling Stake in Jagsonpal Pharmaceuticals Limited

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startup funding

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

FinTech Firm RapiPay Raises $15M

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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 Strengthen Its BNPL Offering and Forays into the Healthcare Sector

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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

Pine Labs acquires fintech startup Qfix Infocomm

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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 Appoints Vikas Bansal As Chief Risk Officer

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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 Acquires Leading Malaysian Fintech Startup Curlec

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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 raises $22M in Series A round

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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

Next-Gen Community Investing Platform threedots Raises $4M In Seed Round

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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

Wealth Management Platform INDmoney Raises USD 75 Mn In Series D Funding

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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

PointOne Capital announces final close of its $7 mn pre-Seed fund

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PointOne Capital, a pre-seed focused venture capital firm, has announced the final closing of its first 50 crore fund. The final close is less than a year after the first close, which occurred in December 2020. Successful Silicon Valley and India-based entrepreneurs, CXOs and seasoned corporate and startup leaders, as well as mid-sized family offices, … Read more

Neobank Kaleidofin Raises $10 Mn in Series B Funding

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The Michael & Susan Dell Foundation led a $10 million Series B fundraising round for Kaleidofin, a neo-bank with a purpose to help consumers achieve their real-life goals by providing intuitive and personalised financial solutions. KaleidoPay is a suite of comprehensive payment solutions that includes KaleidoCredit, a credit as a platform service for lending and … Read more

Novo Raises USD 90 Million at a USD 700 Million Valuation

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Novo

Novo, the powerfully simple small business banking platform, today announced that the company has raised $90 million in Series B funding at a $700 million valuation. Stripes led the round, with continued participation from existing investors Valar Ventures, Crosslink Capital, Rainfall Ventures, and BoxGroup. This latest round brings Novo’s total funding to more than $135 … Read more

Chennai-Based Fintech Startup Ippopay Raises $2.1M

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IppoPay, a one-stop neo-bank for Bharat, has raised $2.1 million in seed funding from Coinbase Ventures, Better Capital, Blume Founders Fund, and a number of high-profile angel investors. IppoPay, which was founded in November 2020, has helped 50,000 offline merchants and daily wage earners in India’s Tier 2, Tier 3, and rural markets enhance their … Read more

Shrinithi Capital raises Rs 300 cr co-lending facility from IndoStar Capital Finance

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Chennai headquartered Shrinithi Capital Pvt. Ltd. primarily focussing into commercial vehicle and two-wheeler loans has raised Rs. 300 crore as co- lending facility from IndoStar Capital Finance Ltd. IndoStar Capital Finance Ltd. is a 10,000 crore net worth company owned by Everstone Capital and Brookfield investment, Canada. Shrinithi Capital Pvt. Ltd. has announced about the tie up … Read more