Launched in 2016, India’s youngest and fastest-growing lending platform, completes its 7 years of operation. Since its inception, within a very short period of time, the lending platform has disbursed loans amounting to INR 7000 crore to date. The company disbursed INR 3500 crore in 2022 and plans to double its originations in 2023. The business has … Read more
Innoviti Technologies (formerly, Innoviti Payment Solutions), India’s largest collaborative commerce platform, has appointed Himanshu Sharma as Sr. Vice President of Issuing Bank Relationship. Sharma will be reporting to the CBO, Amrita Malik and will be based out of Mumbai. He will enhance Innoviti’s existing relationship with banks and contribute to new business initiatives. Sharma brings 17 years of experience in … Read more
Branch International, a San Francisco-head based fintech with operations across Nigeria, Kenya, Tanzania, and India, has announced the appointment of Sharath Pareddy as the Head of Credit and Analytics – India effective immediately. A graduate from IIT Kharagpur, Sharath has been working in the analytics and data science space across industries for over 12 years … Read more
Bangalore based social commerce platform BankSathi has raised $4M USD in funding from Kotak Securities, Lets Venture, We Founder Circle, Hem Securities and IPV (Inflection Point Ventures). The company has also received funding from Recur Club, Liquiloans, Sunil Singhania (Abakkus), Kunal Shah (CRED), Dr. Ritesh Malik (Innov8), Kailash Biyani (Asian Markets), Mukul Rastogi & Bhaswat Agarwal (ClassPlus), … Read more
Money View, an online credit lending platform located in Bengaluru, has raised $75 million in its current Series E round of fundraising led by Apis Partners, a UK-based asset management business that invests in early-stage companies. Tiger Global, Winter Capital, and Evolvence were among the other investors in the round. The fintech business is now … Read more
DBS Bank India announced its partnership with Gofrugal Technologies Pvt. Ltd., a seller-centric platform offering Omnichannel ERP solutions. The company empowers enterprise customers, including micro, small and medium enterprises and retail merchants, to adopt Open Network for Digital Commerce (ONDC) and enables them to expand their digital commerce footprint. The partnership furthers DBS Bank India’s … Read more
TruCap Finance Limited (TRU) has announced a binding agreement to raise up to Rs. 105 Cr (nearly US$13.1 million) in a combination of equity shares, convertible warrants, and non-convertible debentures from Zeal Global Opportunities Fund. The fund raise would comprise of Rs. 80 Cr of equity and convertible warrants, while up to Rs. 25 Cr. would … Read more
MoneyyApp, a Fintech platform empowering small businesses, digital native solopreneurs and creators in India, has raised an undisclosed amount in pre-seed round from AngelList Early Stage Quant Fund. MoneyApp would use the funds to expand its operations, increase product development and create awareness around the app to get more creators and solopreneurs into its network. … Read more
Mumbai-based Private Equity Fund Xponentia Capital announces investment in Fintech start-up Zype mentored by industry veteran Vivek Vig. Zypeis a new-age FinTech platform which aims toimprove accessibilityto credit for millennials and help them develop sustainable financial habits. Zype’s management team is led by Yogi Sadana – Founderand CEO,who has deepFintech experienceand has held several leadership … Read more
SanKash, the fastest-growing travel fintech offering financial services to the travel market, today announced its plans to hire 500 professionals in India, over the next six months. All these hirings will be to fuel SanKash’s sales and operations feet on the street capability to cater to its existing travel merchant base of 6000 spread across 250+ cities and increase its ground presence at … Read more
IppoPay Technologies, a verticalized payments infrastructure company, said in a statement that it has acquired the business of Roamsoft Technologies Pvt Ltd, a fintech focused IT products and services company located in Tamil Nadu, for an undisclosed amount. Roamsoft, headquartered in Chennai, is primarily engaged in the business of developing products and providing technology services … Read more
Cosmo First Limited announced today yet another buyback of fully paid-up equity shares through a tender route from the existing shareholders on a voluntary and proportionate basis. The buyback price is fixed at Rs 1,070 per share (face value Rs 10 per share) representing a premium of 42% over the closing price as on Nov 28th, 2022 … Read more
Kotak Mahindra Bank Limited today announced that it will be providing finance to dealers onboarded on actyv.ai, an AI-powered enterprise SaaS platform. KMBL will provide short-term finance under the ‘Buy Now, Pay Later’ category for working capital needs of dealers. Sunil Daga, President & Head – Business Banking Assets, Kotak Mahindra Bank said, “Small business … Read more
MY3DMeta a 3D Modelling tech company, secured an investment of over Rs. 10.5cr from The Chennai Angels, Dholakia Ventures, AccelNest, Karn Nagpal, Badri Raghavan, IIT-IIM Angels, Hyderabad Angels, and others. MY3DMeta plans to utilize the fund for building tech, IP, and business development. Founded in 2016, MY3DMeta is making cutting-edge progress in 3D modelling with … Read more
Moneyboxx Finance Limited- a BSE-listed NBFC that provides small-ticket business loans to micro entrepreneurs in Tier-III cities and below, secured INR 50 crores term loan from SBI for a period of 4 years. The company will utilize the funds for onward lending to the micro-entrepreneurs in the agricultural and allied sectors. This loan from SBI, along with … Read more
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced the launch of a new financial services advisory capability in India. Capco, a Wipro company, will supplement Wipro’s presence in the Indian financial services sector through its business in Mumbai to jointly offer end-to-end transformation services for this sector. … Read more
