Page 2 - Fintech Startup
Funds raised by Indian fintechs sees 296% jump in 2021 at $5.94 bn
Payments, according to the report, was the second-most popular category for US investors, as 167 companies received funding in 2021 in the APAC region.
 "Funds raised by Indian fintechs sees 296% jump in 2021 at $5.94 bn")
Volopay to enter Indian market with $15 mn investment to start operations
Singapore-based fintech firm Volopay will invest USD 15 million (about Rs 113 crore) over the next 12 months to start operations in India, a senior startup official said on Wednesday.
 "Volopay to enter Indian market with $15 mn investment to start operations")
Fintech startup Snapmint raises $9 mn in Series A from 9 Unicorns, others
The BNPL platform makes it easy for Gen Z consumers to buy any lifestyle category product, be it clothes, accessories or mobile phones, using small installments and no-cost monthly payment options
 "Fintech startup Snapmint raises $9 mn in Series A from 9 Unicorns, others")
Zomato, Paytm, Nykaa and 12 other newly listed stocks hit record lows
The S&P BSE IPO index slipped 3.4% in intra-day trade, and has corrected 23% from its record high level
 "Zomato, Paytm, Nykaa and 12 other newly listed stocks hit record lows")
Fintech start-up Minko gets $1.5 mn in funding to expand business
Company announces a B2B payments stack for offline distributors and retailers.
 "Fintech start-up Minko gets $1.5 mn in funding to expand business")
Fintech startup Uni raises $70 mn Series A funding led by General Catalyst
The firm had raised a $18.5 mn seed round in October 2020, while still in stealth mode and its flagship product, the pay later card, Pay 1/3rd card was launched this June
 "Fintech startup Uni raises $70 mn Series A funding led by General Catalyst")
Fintech firm BharatX raises $250,000 in pre-seed round led by Java Capital
The funding will help drive BharatX's delivery of seamless Embedded Credit experiences on many consumer-facing platforms, with zero credit risk and zero operational headaches for the platforms
 "Fintech firm BharatX raises $250,000 in pre-seed round led by Java Capital")
Groww's valuation hits $3 bn as start-up raises $251 mn in Series E round
ICONIQ Growth leads $251-mn fundraise in start-up which has over 20 mn users
 "Groww's valuation hits $3 bn as start-up raises $251 mn in Series E round")
Fintech startup Clear raises $75 mn in funding at valuation of $700-800 mn
Company says its SaaS platform has grown 5x in the past 18 months
 "Fintech startup Clear raises $75 mn in funding at valuation of $700-800 mn")
The Money Club raises pre-series A funds led by SOSV and Venture Catalysts
Founded by IIT Kharagpur friends, The Money Club leverages AI to effectively underwrite high frequency, micro pooling of funds by studying user behaviour
Hiring sentiment highest in India, 17% firms keen on freshers: Survey
Sectors that have withstood pandemic impact and have had a stronger hiring sentiment are IT (31%), telecom (25%) and tech startups (25%)
 "Hiring sentiment highest in India, 17% firms keen on freshers: Survey")
'Not typical startup founders': BillDesk trio reap $500 mn each with sale
M N Srinivasu, Ajay Kaushal and Karthik Ganapathy are selling their digital payments company to Prosus NV.
 "'Not typical startup founders': BillDesk trio reap $500 mn each with sale")
Fintech startup slice raises $20 mn from Gunosy, Blume Ventures and others
slice has also launched two new features, which, the firm said, makes the slice super card the best way for millennials and gen z to make payments.
 "Fintech startup slice raises $20 mn from Gunosy, Blume Ventures and others")
Razorpay's valuation triples to $3 bn in 6 months, raises $160 million
Razorpay becomes one of the most valuable B2B fintech start-ups
 "Razorpay's valuation triples to $3 bn in 6 months, raises $160 million")
Wall Street won't intimidate retail giant Walmart this time around
Walmart announced in January that it formed a partnership with Ribbit Capital to create a new financial technology startup
 "Wall Street won't intimidate retail giant Walmart this time around")
KreditBee concludes $75 mn funding round from Premji Invest, others
The fintech lending firm's objective is to provide credit to over 180 million new-to-credit customers who were not provided formal credit earlier
 "KreditBee concludes $75 mn funding round from Premji Invest, others")
Volkswagen Finance acquires majority stake in KUWY Tech for undisclosed sum
KUWY is an Automotive FinTech Company, powering Instant Lending across Point of Sale
 "Volkswagen Finance acquires majority stake in KUWY Tech for undisclosed sum")
Lightspeed, Accel lead $18.5 mn seed round in fintech start-up Uni
Founded by Nitin Gupta, former CEO of PayU India and Ola Financial Services, Uni aims to bridge the gap for credit cards and make them become more accessible for consumers across different regions.
 "Lightspeed, Accel lead $18.5 mn seed round in fintech start-up Uni")
Start-ups to get priority sector tag as RBI revises lending norms
It intends to align them with emerging national priorities and bring a sharper focus to inclusive development
 "Start-ups to get priority sector tag as RBI revises lending norms")
Rural Fintech startup Jai Kisan raises Rs 30 cr from NABARD-backed fund
Over the past 6 months, Jai Kisan has disbursed over Rs 50 crore in loans of top tier credit quality to a diverse set of 5,500-plus borrowers from various income groups across 10 states
 "Rural Fintech startup Jai Kisan raises Rs 30 cr from NABARD-backed fund")
