In the current environment, there is a need to drive digitised trade for Corporate customers to reduce processing turnaround time and drive businesses efficiently. In light of the latent need, DBS India has introduced a paperless proposition for the financing of domestic invoices by buyers and sellers. The bank now digitally validates the e-Way Bill … Read more
Cashfree Payments (Cashfree), a leading payments and API banking solutions firm, made a $15 million equity investment in Telr, a major Payment Service Provider (PSP) in the UAE and Saudi Arabia. Cashfree becomes one of the company’s largest shareholders as a result of this transaction. Telr, an award-winning payment gateway solutions provider based in the … Read more
Drona Pay, a Mumbai-based SaaS solution, has raised $500K in a seed round led by Varanium Capital, Credit Saison, and fintech experts Kunal Shah, Jitendra Gupta, Amrish Rau, and others. Drona Pay, founded in 2021 by Satish Kashyap, Pallavi Narvekar, and Sukhdev Sinh Zala, provides real-time protection for financial institutions using ml and proprietary data … Read more
True Credits, an NBFC and an affiliate of True Balance, an RBI-authorized lending firm, was founded by Balancehero India Private Limited, a wholly-owned subsidiary of Balancehero Co Ltd Korea, and launched a $30 million debt financing on Tuesday. In FY2021, the third round brought the total debt raised to $55 million. Northern Arc, Arthmate, Shine … Read more
Recordent, a non-banking payment bureau fintech business, has raised $400,000 in angel finance from the Kantamaneni Family Office, IIM Calcutta Innovation Park, and other angel investors from India and the United States. Recordent works closely with more than 50 SME industry associations and wants to continue forming significant collaborations in order to offer value to … Read more
Branch, one of the most popular personal finance applications, has promoted Anshul Agrawal to Chief Technology Officer (CTO) for the company’s global operations. Anshul has more than 15 years of experience in technological infrastructure and architecture, as well as security, performance, product development, and UI/UX best practises. He’s an engineer from IIT Roorkee who dropped … Read more
V-Mart Retail Limited announced the appointment of Aakash Moondhra, Global CFO of PayU, as Chairman of the company. The Company also announced a strategic change in its leadership structure, further improving the corporate governance framework with the role of Chairman and Managing Director now being split, with Mr. Aakash Moondhra (Independent Director) being designated as … Read more
Prior to its IPO, PB Fintech, the holding company for PolicyBazaar and PaisaBazaar, received Rs 2569.73 crore from 155 anchor investors. The company claimed in a filing with the stock exchanges that the participants included both domestic and overseas investors, with shares distributed at a price of Rs 980 per share. PB Fintech’s initial public … Read more
BASIC Home Loan, a Gurugram-based fintech startup, has raised $3.5 million in a Series A round of funding led by Venture Catalysts (VCats) and Gruhas Proptech, an investment platform of Zerodha Founder Nikhil Kamath and Abhijeet Pai of Puzzolana Group. Abhijeet Pai of Gruhas Proptech said, “We were impressed by the way BASIC Home Loan … Read more
