Bank Holidays In May 2022: If you have any work related to bank in the month of May, then plan for it now. Some Holidays According to the States-(According to the States Also Some Holidays) Apart from the national holidays, there are also some holidays according to the states. According to the report, out of … Read more
Financepeer, an edu-fintech business, has raised $31 million in a Series B fundraising round led by QED Investors of the United States and Aavishkaar Capital of Mumbai. Ardent Ventures, a US-based edu-tech investor, as well as DMI Sparkle Fund, DMI, 9Unicorn, LC Nueva AIF, and Maxar VC, participated in this round. Financepeer, founded in 2017 … Read more
PhonePe, India’s largest digital payments platform, has announced the acquisition of GigIndia, the country’s largest network for independent micro-entrepreneurs. GigIndia, which has 1.5 million entrepreneurs and over 100 businesses as customers, would merge with PhonePe as part of the deal. PhonePe will use GigIndia’s network of freelancing microentrepreneurs to assist corporations and businesses in expanding … Read more
RapiPay, a fintech firm, announced on Tuesday that it had raised $15 million to develop NYE, a super app for new-age digital banking. Varun Jaipuria (RJ Corp), DLF Family Office, Rahul Gautam (Sheela Foam), and Rohan Kumar led the fundraising round (DS Group). RapiPay claims to be India’s only digital banking company with a physical … Read more
EarlySalary, India’s largest consumer lending platform for young professionals, launches Health Category to strengthen its BNPL portfolio. EarlySalary brings onboard Mr. Parvaiz Hussain, the CEO and Co-Founder of HealthFin, who will now be leading Health Category and Strengthen its BNPL offering which includes EdTech, Consumer Tech, Insurance and HealthCare categories. Parvaiz Hussain brings his experience … Read more
Moneyboxx Finance Limited (Moneyboxx), a BSE-listed NBFC which provides small-ticket business loans to micro and small enterprises in Tier-III towns & below places, today announced appointment of Mr. Vikas Bansal as Chief Risk Officer from Feb 2022. Mr. Bansal served as National Credit Manager – Emerging Business and Digital Lending in his previous role at TATA Capital. … Read more
Razorpay Software Pvt Ltd, a digital payments and financial services startup, announced on Tuesday that it has acquired a majority stake in Malaysia-based fintech firm Curlec, marking the company’s first foreign acquisition. Curlec is a Kuala Lumpur-based company, building solutions for recurring payments for businesses of all sizes. This is our first international acquisition and … Read more
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
Routefusion, the most comprehensive fintech solution for unlocking global expansion, today announces their $10.5 million Seed Prime Funding Round co-led by Canvas Ventures and Silverton Partners with participation from Haymaker Ventures, Initialized Capital, Sherwin Gandi (co-founder of Jeeves), and Aldrin Clement (co-founder of Novel Bank). Rebecca Lynn, co-founder and general partner at Canvas Ventures, joined … Read more
Scripbox, India’s first digital wealth manager, said today that it has raised USD 21 million in series-D fundraising from a mix of equity and debt investors. Transpose Platform, DMI Alternative Investment Fund – The Sparkle Fund, InnoVen Capital, Trifecta Capital, KPB Family Trust, LetsVenture, Kube VC, and YY Capital LLC are among the investors in … Read more
Kalaari Capital sponsored a seed round of funding for threedots, a fast-growing next-generation community investing platform. Rishu Garg, Prakhar Bhardwaj, and Akul Agarwal, all BITS Pilani graduates who previously worked together at Groww, formed threedots in March 2021. The founders have worked with startups such as Cleartax and Smallcase and have product and scaling experience. … Read more
Steadview Capital, Tiger Global, and Dragoneer Investment Group led a $75 million Series D round of funding for wealth management platform INDmoney. INDMoney, which launched in 2019, offers users to keep track of their finances on a single platform and invest in a variety of financial instruments including as mutual funds, fixed deposits, equities, and … Read more
Novo, the powerfully simple small business banking platform, today announced that the company has raised $90 million in Series B funding at a $700 million valuation. Stripes led the round, with continued participation from existing investors Valar Ventures, Crosslink Capital, Rainfall Ventures, and BoxGroup. This latest round brings Novo’s total funding to more than $135 … Read more
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
India’s largest consumer lending platform for young professionals – EarlySalary has disbursed 2.5 million loans worth Rs. 5,000 crores since its inception. The company was launched in 2015 and has grown 300% since last year. The segment of young professionals is one of the fastest-growing segments in the economy. With less than 5% of the … Read more
Leverage, the study abroad platform that owns LeverageEdu.com, UniValley.com, and UniConnect, among other sites, announced its move into financial services today. The company will offer three services as part of this: overseas remittances, education loans, and international bank accounts. Rachit Juneja, who formerly worked with Constellation Blu (a Blue Ventures partner firm) and KPMG’s Financial … Read more
