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
ApnaKlub, an FMCG wholesale platform for low population density areas, revealed on Thursday that Tiger Global has invested $10 million in its Series A round. In August 2021, they raised $4 million from Sequoia India’s Surge, Blume Ventures, Whiteboard Capital, and Flourish Ventures. The Bengaluru-based firm, founded in 2020 by HBS alumni Shruti and Manish … Read more
BharatX, a Y-Combinator-backed startup, has raised $4.5 million in a seed round from Y Combinator, 8i Ventures, Multiply Ventures, Soma Capital, and other investors to enable integrated credit in India. Java Capital, an existing investor, also took part in the round. BharatX, founded in 2019 by Jindal, Eeshan Sharma, and Shyam Murugan, offers integrated credit … Read more
As part of its Series C round, non-bank lender Vivriti Capital Pvt. Ltd raised an extra $30 million (about Rs 228 crore) from TVS Shriram Growth Fund 3. Vivriti Finance, which provides debt capital to SMEs in India, most recently secured a Series B investment from Lightrock in two tranches, with $100 million in March … Read more
Through its relationship with Saifee hospital, a prominent multi-specialty healthcare facility in Mumbai, Affordplan, a healthcare finance company, has reached the western area of India. Affordplan is one step closer to accomplishing its aim of making healthcare finance reasonable, accessible, and convenient with this agreement. In northern and southern India, they already have a formidable … Read more
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
