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
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, 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
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
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
Rabi Agrawal has been named Head, Human Resources at FloBiz, a Bengaluru-based fast-growing SMB neobank. The FloBiz team has grown by 300 percent in the previous year, and Rabi will be in charge of the company’s talent acquisition, management, and people operations. Rabi has created and scaled talent acquisition units for major businesses like Zivame … Read more
India’s largest consumer lending platform for young professionals – EarlySalary has disbursed 2.5 million loans worth Rs. 5,000 crores since its inception. The company was launched in 2015 and has grown 300% since last year. The segment of young professionals is one of the fastest-growing segments in the economy. With less than 5% of the … Read more
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
