KredX, India’s largest integrated financial services provider today announced that it has completed a major rebranding to reflect its vision of becoming a one-stop solution for supply chain financing for businesses. As a part of this rebranding, the company unveiled a new logo and a revamped website. Founded in 2015, KredX began its operations with … Read more
Anicut Capital, India’s foremost investment firm has announced the appointment of Adithya Bharadwaj as Vice President to lead its early and growth-stage investments function. Adithya will head the expansion of Anicut Capital’s investment into the startup ecosystem based out of Bangalore. He will be operating on the equity side, across stages and will also lead … Read more
LivFin India Private Limited, situated in Delhi, has raised $2 million in venture loan from BlackSoil, a significant NBFC and notable credit player. Livfin, a Delhi-based fintech NBFC, has been providing supply chain finance to mid-to-large corporations since January 2018, by setting up programmes to lend to their suppliers/vendors and distributors/dealers/retailers using a ‘Anchor’-based financing … Read more
BlackSoil, a new-age, sector-agnostic alternative lending platform, has raised $70 million for its NBFC using non-convertible debentures (NCDs). The funds raised in this round will primarily be used for lending activities, including a variety of loan products, to fund mid- and growth-stage startups in the startup ecosystem. Deep Tech, B2B Tech, Enterprise SaaS, FinTech, HealthTech, … Read more
National Payments Corporation of India (NPCI) has announced that UPI AUTOPAY is now live on SonyLIV. Millions of SonyLIV customers can now set standing instructions for their recurring subscription payments using UPI AUTOPAY and enjoy a hassle-free content viewing experience. Now the SonyLIV users can enjoy premium streaming without having to remember the subscription renewal … Read more
FPL Technologies, which distributes OneCard branded credit cards, has raised $76 million (Rs 565 crore) in funding from Delaware-based QED Fund and Singapore-based Ocean View Investment. FPL Technologies is a fintech startup that operates in the digital and physical credit cards, named OneCard, and credit score-checking product, called OneScore. It was founded in 2019 by … Read more
AU Small Finance Bank, India’s largest Small Finance Bank announced the appointment of Shri Harun Rashid Khan as Non-Executive Independent Director (Additional Director) on the Board, for a period of three years, effective 28th December 2021, subject to the approval of Shareholders. While announcing the appointment, Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, “We … Read more
An insurance broker, SecureNow, has raised $6 million in a Series B financing. Apis Insurtech Fund I, administered by Apis Partners LLP, and Charan Singh, founder of SelectQuote Inc. participated in the round. SecureNow is an end-to-end insurtech platform that provides pure-risk commercial insurances to small and medium businesses. It was founded in 2011 by … Read more
According to papers with the Registrar of Companies, Mumbai-based fintech Jupiter has raised $86.6 million in a Series C round of funding headed by New York-based hedge fund Tiger Global, Sequoia Capital, and Virgina-based QED Investors (RoC). Jupiter is a customer-facing neobank founded in 2019 by serial entrepreneur and CitrusPay creator Jitendra Gupta. It offers … Read more
Annapurna Finance, a microlender, revealed on Tuesday that it has raised USD 30 million in a new investment round headed by Nuveen Global Impact Strategy, an impact investor. According to an official release, the financing would enable it extend its credit portfolio to include women borrowers under the joint liability group and self-help group models. … Read more
Artha Venture Fund (AVF), India’s first early-stage micro-VC fund, led a seed round of 1.75 crores in StarClinch today. Nitish Mittersain, the Founder and CEO of Nazara Technologies, also took part in the round. From AVF’s recently closed 225 crores micro-VC fund, StarClinch is the 14th investment and 23rd funding round. StarClinch, which was founded … Read more
In a Series F round of funding, SK Finance, a Jaipur-based NBFC, raised Rs 400 crore (about $53 million) from IIFL Wealth and other new investors. TPG Growth, Norwest Venture Partners, Baring India, and Evolvence India Fund are among the investors in Ess Kay Fincorp, which was founded in 1994 and originally known as Ess … Read more
Ripplr, a tech-enabled distribution and logistics ecosystem platform, has announced a pre-Series B round of funding of $ 12 million. The round included equity and debt investments from Sojitz Corporation and Stride Ventures, as well as existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office – Yukti, as well as eminent early- stage angel investors Vivek and Abhay (Licious founders), Aniketh & Ashish (Solution Infini (now Kaleyra) founders). Speaking on … Read more
Paisagrowth, a fintech business, announced today that it has acquired $250,000 in initial funding from GSF, a leading startup accelerator, and other investors. Anurag Tiwari, a former Business Development Manager at Loansimple, Aabhas Tripathi, a former top Strategy Executive at Fitso, and Abhishek Sharma, a former Vice President of Engineering at Loansimple, founded the company … Read more
India’s homegrown Paytm Payments Bank and MoneyGram International, Inc. (NASDAQ: MGI), the global leader in the evolution of digital P2P payments, today announced a partnership to enable MoneyGram customers globally to send money in real-time to a Paytm Wallet user in India. This is an important milestone in the digitization of the Global Receive Network. With this … Read more
Mastercard and Google today announced the rollout of tokenization that will enable Google Pay users to safely transact using their Mastercard credit and debit cards while enjoying a hassle-free experience. Through tokenization, Mastercard cardholders can make payments through a secure digital token without having to share their credit or debit card details such as card number, expiry … Read more
