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finance

Agriwise Raises Debt Funding from Maanaveeya, the Indian Subsidiary of Oikocredit

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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

Zenlayer Receives C+ Funding from Telkom Indonesia

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Zenlayer, a leading-edge cloud services provider focused on improving real-time digital experiences in emerging markets, announces the closing of a supplemental round of financing today from MDI Ventures, the investment arm of Telkom, the largest telecommunications company in Indonesia. This C+ funding brings the entire Series-C financing round to $62 million. “This strategic investment will fortify … 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

FincFriends Private Limited Raises $1M In Debt Funding

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FincFriends Pvt.Ltd, an NBFC, has raised $1 million in debt funding from Eclear Leasing & Finance Pvt. Ltd, a major lending NBFC. The company intends to use the financing approved by lenders in tranches for business expansion, growth, and cash flow efficiency. FincFriends has its own lending platform and app, RupeeRedee, which it uses to … Read more

Paytm launches Paytm Wealth Academy, a first of its kind tech-powered educational platform for traders and investors

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India’s leading digital ecosystem for consumers and merchants Paytm (owned by One97 Communications Limited) today announced the launch of Paytm Wealth Academy, a first of its kind tech-powered educational platform. The launch of the wealth academy is initially on the Paytm Money app, the wealth management app owned by Paytm’s wholly-owned subsidiary Paytm Money. The … Read more

Paytm Payments Bank Gets RBI’s Approval For Scheduled Bank Status

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The Reserve Bank of India (RBI) has approved Paytm Payments Bank to operate as a scheduled payments bank, the company announced on Thursday, allowing it to extend its financial services operations. Paytm Payments, as a scheduled payments bank, can participate in government and company RFPs, main auctions, fixed-rate and variable-rate repos, and reverse repos, as … Read more

Hometap Raises $60 Million in Latest Funding Round from New and Existing Investors

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Hometap, which provides a smart, new loan alternative for tapping into home equity without taking on debt, today announced it has raised $60 million of new operating capital in a funding round led by American Family Ventures along with new and existing investors including Bain Capital, ICONIQ Capital, LLC, G20 Ventures, Pillar, and General Catalyst. … Read more

Slice-backer 8i Ventures raises $50M in Fund II

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8i Ventures, based in Mumbai, has secured $50 million for its Fund II, with the goal of investing in fintech firms since the creator believes that “every customer friction point in finance and consumer represents a billion-dollar startup opportunity.” In 2020, the early-stage investment firm will raise its first fund of $13 million. 8i Ventures, … Read more

DBS Bank India Introduces An Industry-first Digital & Paperless Trade Financing Solution

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In the current environment, there is a need to drive digitised trade for Corporate customers to reduce processing turnaround time and drive businesses efficiently. In light of the latent need, DBS India has introduced a paperless proposition for the financing of domestic invoices by buyers and sellers. The bank now digitally validates the e-Way Bill … Read more