Entreprenuernewsnetwork

Kinara Capital Reports Ninth Consecutive Year of Profitability, Achieving Record Growth in FY24

Kinara Capital, a leading fintech driving MSME financial inclusion in India, has announced its financial year 2024 results, marking the organization’s ninth consecutive year of profitability. Closing the fiscal year with a profit after tax (PAT) of INR 62 crores, a remarkable 51% year-over-year (YoY) increase, highlights the success of Kinara’s unique business model, blending … Read more

ET Money Tops ₹60,000 Crore in Assets, Becomes India’s Largest Advisory Wealth Management firm

ET Money, has become a top player in the country’s rapidly expanding online wealth management market by focusing on long-term wealth accumulation for affluent Indians. This strategic choice has allowed them to avoid the allure of short-term stock trading. As of March 31, the platform helped its users manage INR 63,000 crore (approximately $8 billion) … Read more

HMD Global Named Tanuj Patro as CFOr for India & APAC

HMD Global, the home of Nokia phones, is thrilled to announce the appointment of Tanuj Patro as its Chief Financial Officer (CFO) of the company, a strategic move that reflects the company’s commitment to top-tier leadership and its relentless pursuit of excellence in the mobile technology industry. With an illustrious career spanning over two decades … Read more

SaaS FinTech Zaggle Raises ₹25 Cr In funding

SaaS FinTech  Zaggle headquartered in Hyderabad, continues to make strides in the financial realm as it secures a substantial Rs 25 crore investment from ValueQuest Scale Fund in a pre-IPO round. This recent infusion of funds is a noteworthy addition to the Rs 73 crore garnered by the company through a pre-IPO placement just last … Read more

BizPay Secures Seed Funding to Expand Prepaid Card Solution for Small Businesses

In a Seed Round of funding, Bizpay has secured an undisclosed sum, with Inflection Point Ventures taking the lead. The allocation of the funds will see 20% directed towards product development, 60% towards marketing efforts, and the remaining 20% dedicated to other essential purposes. Bizpay presents a prepaid card solution that is seamlessly integrated with … Read more

Investment Platform Stable Money raises $5M In Seed Funding

India’s first Fixed-Return Investment Platform, Stable Money, raised $5 Million in a seed round led by Matrix Partners India and Lightspeed, with participation from Titan Capital, Mar Shot Ventures, and prominent angel investors. The funds will be used to bolster senior leadership hiring, forge financial partnerships, build technology, and develop a user-friendly mobile app for … Read more

Moneyboxx Crosses INR 400 Crore AUM, Sets Sights on INR 800 Crore and 100 Branches by March 2024

Moneyboxx Finance Limited (Moneyboxx), a BSE-listed NBFC, which drives financial inclusion by providing business loans to micro entrepreneurs in Tier-III towns & below places, crossed milestones of INR 400 crores AUM#in July 2023. The Company added 11 branches in the current financial year so far, expanding its branch network to 72 branches across six states as of 31st July 2023. With the addition of 4 new lenders in … Read more

PayU India’s New Climate Finance Mechanism Powers Rural Financial Inclusion, Slashing Electricity Emissions

PayU has demonstrated its commitment to sustainability and financial inclusion in India by procuring Distributed Renewable Energy Certificates (D-RECs) from impactful solar projects that provide electricity to rural banks. This move aligns with the growing momentum for corporate climate action and a just transition. D-RECs are an innovative climate finance tool that accelerates the energy … Read more

Volt Money Raises $1.5 Million In Pre-seed Funding Led By Titan Capital And All In Capital

Volt Co-Founders

Volt Money, a leading platform for instant secured loans against mutual funds, has successfully completed a pre-seed fundraising round of $1.5 million. The platform enables mutual fund investors to access cash within 10 minutes, offering favorable terms such as low interest rates, interest-only EMIs, and no pre-payment charges. With the aim of serving 10 crore … Read more

TankhaPay secures $2.7 million funding from Japanese investors

TankhaPay, India’s pioneering social security app developed by Akal Information Systems Ltd., secures a substantial $2.7 million funding from prominent Japanese investors. This app addresses the crucial need for social security among informal, gig, and temporary workers by facilitating their inclusion in government schemes such as PF and ESI. TankhaPay formalizes payroll processes, ensuring the … Read more

TransBnk, a fintech startup aiming to revolutionize transaction banking in India, secures $1 million in seed funding from 8i Ventures

Mumbai-based fintech startup, TransBnk, has successfully raised $1 million in seed funding. The funding round was led by 8i Ventures, a prominent early-stage venture capital fund known for its successful investments in the fintech sector, including M2P, Slice, and Easebuzz. Other contributors to the funding round include Growthcap Ventures, Leadway Ventures LLP, Growth Sense, as … Read more

Ayurveda-backed Women’s Healthcare Startup Gynoveda Raises $10 Mn in Series A Funding

Gynoveda, a women’s healthcare firm supported by Ayurveda, has raised $10M in Series A funding, with India Alternatives Fund as the lead investor. Reputable family offices and organisations including Wipro Enterprises, RPG Ventures, Dharampal Satyapal Limited, and Alteria Capital also participated in the round. As a sign of its sustained support for Gynoveda’s mission, previous … Read more

Finsire, a fintech startup based in Chennai, raises $1.3 million in seed funding

Finsire, a Fintech company specialising in lending infrastructure and asset collateralization API, reported that it has received $1.3M in seed funding from strategic investors. Finsire builds lending enablement services by permitting digital assets to be taken as collateral. The solution allows Banks, NBFCs, fintechs, credit requirement distribution, and depositaries to maximise their lending capabilities. The … Read more

EPS named Industry Veteran Ram Rastogi as an Additional Director

Electronic Payment and Services Pvt. Ltd. (EPS), a leading provider of payment technology services in India, has announced the appointment of Mr. Ram Rastogi as an Additional Director in its wholly owned subsidiary, Finiverse Aggregator Pvt. Ltd. Mr. Rastogi, who has over four decades of experience in building payment systems, including IMPS, UPI, and AePS, … Read more

Under its incubator program, LenDenClub will invest in six fintech startups

LenDenClub Aplha, the corporate venture capital arm of the peer-to-peer (P2P) lending platform, has welcomed six fintech startups to its Bharat FinTech Program startup incubator. Only six firms were chosen out of more than 150 applicants; these are Finswealth, FlashPay, P2P Bazaar, FinPlay, Upmarket India, and Filit. After the incubation programme is through, the chosen … Read more

Enigmatic Smile Announces Strategic Partnership with Pine Labs

Enigmatic Smile is a Reward Technology Provider, focussed on linking high value rewards to consumers’ payment cards. It works seamlessly, and invisibly, in the background of existing reward programmes, re-directing billions of consumers spend to retailers in its network. On the flip side, Enigmatic Smile acts as a technology bridge for retailers to reach the consolidated … Read more