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
SphitiCap – an early-stage sector agnostic fund today announced their second investment portfolio with $11.5 Million Series A Funding in PayVEDA. PayVEDA is a leading solution-oriented fin-tech player bridging the financial gap (banking &non-banking) in underserved regions of India. The company’s promising growth, the pipeline of strategic acquisitions, and the near plausibility of an Initial … Read more
Motilal Oswal one of India’s largest financial institutions has funded a sum of ₹ 260 Cr. in Urbanrise – Alliance Group, South India’s largest Real Estate developer for the company’s upcoming three major projects in Bangalore and Hyderabad. The funds were raised towards three upcoming projects – 30 acres villa project on Kanakapura Road, Bangalore, the 7 acres high-rise apartment project in Whitefield, Bangalore and the 17.5 acres of high-rise apartment project in Nizampet, Hyderabad. The total saleable … Read more
Kinara Capital, a fast-growing fintech for India’s small business entrepreneurs, today announced closing a fresh equity round of INR ~200 crores led by British International Investment (BII), the UK’s development finance institution and impact investor. Existing equity investors Nuveen and the ASN Microkredietfonds advised by Triple Jump also participated in this round. This equity investment will … Read more
LoanTap announced the launch of India’s biggest electric two-wheeler online marketplace. With the presence of India’s top brands and over 1000 dealers in one place, customers will have a wide range of options to choose from. They can check out the features and pick the bike of their choice without worrying about funds. In the … Read more
Signzy, a supplier of digital banking infrastructure with headquarters in Bengaluru, has disclosed raising Rs 210 crore (about $26 million) in its most recent round of fundraising from Gaja Capital and previous backers Vertex Ventures and Arkam Ventures. Ankit Ratan, Ankur Pandey, and Arpit Ratan founded Signzy in 2015 to provide banks and other financial … Read more
Fi, a fintech firm that hosts a neo-banking platform, has announced a $45 million funding round. Alpha Wave Ventures led the Series A funding round. The latest funding comes after the Bengaluru-based startup raised $50 million in November 2021 at a valuation of $315 million. Ex-Google Pay executives Sujith Narayanan and Sumit Gwalani founded the … Read more
Digital lending fintech platform, LoanTap, has announced a business collaboration with Muthoot Finance. This co-lending partnership will enhance the reach for Muthoot finance to the millennial audience by leveraging LoanTap’s technology and sourcing strength. Apart from the partnership with Muthoot Finance, LoanTap is already working in collaboration with many other RBI-registered NBFCs in a co-lending … Read more
Arya.ag, India’s largest and fastest-growing integrated grain commerce platform, today announced crossing the distinct milestone of reaching the INR 500 crore book outstanding on its embedded fintech platform, Aryadhan. This feat is propelled by Arya.ag’s indigenously built digital capabilities, which have been customised for simplified and optimum use by smallholder farmers and farmer producer organisations (FPOs). With … Read more
Gullak. Money, a Bengaluru-based savings and investment app, has raised $1.3 million in a pre-seed round led by Better Capital and Stellaris Venture Partners. Gullak, which was founded in January 2022 by former JusPay executives Manthan Shah and Dilip Jain, as well as Naimisha Rao, allows customers to save tiny sums of money on a … Read more
Kissht, a consumer financing platform, raised $80 million in a new round headed by Vertex Growth and the Brunei Investment Agency. The financing included existing investors Vertex Ventures SEA India and Endiya Partners. \ Kissht was founded in 2015 to give new to credit customers with a quick line of credit for small business transactions … Read more
FlexiLoans, an online lending platform for small businesses, has secured $90 million in a Series B funding round that includes a mix of equity and debt. MAJ Invest of Denmark led the $28 million equity round, while Fasanara Capital of the United Kingdom led portions of the equity and debt rounds. FlexiLoans is a digital … Read more
Cashfree Payments, a leading payments and API banking solutions company, today announced that it has partnered with National Payments Corporation of India (NPCI) to provide tokenization solutions on RuPay cards for its merchants. Cashfree Payments’ tokenization solution ‘Token Vault’ helps merchants to provide their customers the option to save cards on the merchant website or … Read more
Slice, a fintech business, announced on Wednesday that it has secured $50 million in a larger series C round led by Tiger Global, which it will use to expand its new unified payments interface (UPI) platform. Moore Strategic Ventures and Insight Partners, as well as a new investor, GMO VenturePartners, participated in the newest investment … Read more
TWU, a worldwide finance startup specialising in electric vehicle financing, has raised $10 million in a Series A round led by Delta Corp Holdings. Delta Corp Holdings is leading the newest funding round, which includes participation from existing investor Techstars. Investors from the Middle East, Europe, and Grip Invest also took part in the round. … Read more
Bengaluru headquartered fintech platform Money View turns profitable and ends FY22 (March’22) with an annualized revenue run rate of INR 600 Cr ($80 million). Money View has grown 4X year-over-year with strong unit economics while being profitable through FY22. The company is disbursing loans at an annualized run rate of $850 million and is on a trajectory … Read more
