Page 3 - Fintech Start-ups

Fintech firm CRED valued at $4 bn after $250-mn funding round

Founded in 2018, CRED allows users to pay their credit card bills through its online platform and rewards them with offers from various brands and companies

Progcap raises $30 mn in Series C funding led by Tiger Global, Creation

Progcap has raised $55 million in total since the last three months and is positioned as the largest fintech in the corporate-led retailer financing space in India

ZestMoney raises $50 mn from Zip Co to scale up buy now, pay later offering

The shift towards pay later solutions is a global phenomenon and represents young digital consumers looking for transparency, honesty and no hidden charges in financial products

Fintech startup Paytail raises $1.5 mn seed from Cholamandalam, others

Along with Cholamandalam, Paytail is committed to building a network of other large financial institutions to cater to the pre-approved loan offers for consumers

Indian fintech market poised for multi-fold growth for newer biz models

India, as the KPMG report suggests, is a unique market where the regulator has been actively involved in giving access to new-age fintech players

In no hurry to launch IPO, will go public when it makes sense: PhonePe CEO

PhonePe is in no hurry to launch its IPO and will go public "when it makes sense" for the company, even as a number of Indian internet companies line up to mark their debut on Dalal Street

Skeps raises $9.5 mn in funding led by Bertelsmann India Investments

Financial technology startup Skeps has raised USD 9.5 million (about Rs 70 crore) in series A funding round led by Bertelsmann India Investments. Existing investor Accel also participated in this round, the company said in a late-night statement on Tuesday. "The company intends to use the funds to expand the sales, marketing, engineering, and product teams, grow their merchant and lender client base, and broaden services offered to their customers," the statement said. Founded in 2018, Skeps said it has headquarters in India (Gurugram) and the US (New York). "We are excited to welcome Bertelsmann India Investments to the Skeps family for this latest round. With this latest fundraise, Skeps will continue to serve clients by providing them with the next generation in POS financing solutions that can be readily deployed on their merchant site, physical stores, or any partner platform where their customers are shopping, Skeps CEO Tushar Srivastava said. Skeps' platform provides a sui

PayU acquires BillDesk for $4.7 bn in one of largest Indian fintech deals

The latest deal is happening when the Indian payments segment is seeing huge traction

Fintech firm Capital Float raises Rs 50 cr debt funding from Triodos IM

Fintech firm Capital Float on Wednesday said it has raised Rs 50 crore in debt for a period of three years from Triodos Microfinance Fund and Triodos Fair Share Fund

Pvt cos may issue e-invoice: Fintech see scope in data, access to biz users

While e-invoicing alone may not generate high revenues, the key lies in the way fintechs leverage the data of enterprises to offer other products such as credit or supply chain finance

Rural fintech startup Jai Kisan raises $30 mn in funding from Mirae Asset

Rural fintech startup Jai Kisan on Monday said it has raised USD 30 million (about Rs 217 crore) in a combination of equity and debt funding led by Mirae Asset

Fintech hub at GIFT City: IFSCA in talks with overseas regulators

IFSCA in talks with 10 foreign counterparts to help Indian fintech firms expand globally

BharatPe plans to disburse Rs 14,000 cr in business loans by March 2023

The fintech company, which is soon expected to become a unicorn, has raised Rs 50 crore in debt from Northern Arc Capital

UK-based fintech start-up Revolut to hire 300 staff for India support hub

The company also appointed Paroma Chatterjee, a former executive at Lendingkart and Via.com among other companies, as its chief executive in India, Revolut said

Cred joins unicorn club with $215 million fund raise

Valuation touches $2.2 bn; startup initiates ESOP buyback worth $5 million

India home to 100 unicorns with a combined m-cap of $240bn: Credit Suisse

Start-ups, the note said, account for a reasonably high 6-7 per cent of new firms in India, and the ratio has risen over the past decade. India is a home to the third-largest set of unicorns globally.

BharatPe set to become next unicorn after valuation crosses $900 mn

The fintech firm, which competes with players like Pine Labs, Paytm and Mswipe, provides payment technology and digital lending for offline businesses, including kiranas

The new playbook: RBI steps in to stem the nexus between banks and fintechs

With the RBI red-flagging mushrooming of digital apps, the tango between banks and fintechs may be in for a big change, report Hamsini Karthik and Raghu Mohan

Pine Labs' valuation tops $2 bn on closing funding from Lone Pine Capital

Funding makes it country's most valued fintech after Paytm and PhonePe. Pine Labs silent on deal size, industry sources put it at $75-100 million

India could become the fintech hub of the world

The opportunity to list overseas provides a huge opportunity for new-age digital and fintechs