Page 10 - Fintech

M2P Fintech raises $56 mn led by Insight Partners, eyes global expansion

The company has raised more than $100 million in the past year

Khatabook posts over Rs 1.8 trn monthly transactions across its platforms

Founded in January 2019, Khatabook claims it has 10 million monthly active merchant users, and manages more than 344 million customers on its platforms

Fintech platform Finsall raises Rs 12 cr in pre-series A funding

This is the second round of investment by UIV, which has investments in fintech companies like Open Bank and SmartCoin.

Legalpay's new SPV for small investors betting on stressed healthcare cos

Investors can put in as little as Rs 10,000 to fund firms undergoing insolvency

Top headlines: Corporate ITR filing deadline extended, Tata new IPL sponsor

Telecom companies push for 90-95% cut in base price of 5G spectrum. More in today's top headlines

Fintech startup Rupeek gives out $1 billion in gold-backed loans

Consumers in India -- where gold is considered both a status symbol and a popular investment -- hold about $1.5 trillion of the precious metal, mostly in jewelry, according to the World Gold Council

Agility Ventures to launch Sebi-approved Rs 450-cr fund

With AIFs (Alternative Investment Funds), it is looking at deploying Rs 75 crore this year in over 50 startups, which will also include fintech, cyber security and crypto

B2B payments fintech Rupifi raises $25 mn from Bessemer, Tiger Global

Existing Investors Quona Capital and Ankur Capital also participated in the round, along with Better Capital. This is Rupifi's second investment round in nine months, since its Pre-Series A last March

India digital loan apps blamed for mafia-like collection tactics, suicides

Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.

Fintech firm Slice plans to hire 800 people across verticals in 2022

Fintech company Slice on Tuesday announced that it is planning to hire close to 800 people across various posts in the operations, design, product, and engineering verticals in the coming year.

Why fintech, acceptance of digital firms in markets were 2021's high points

The significance of the fintech revolution is evident from the fact that India has 14 fintech unicorns, and six of the top eight are payment companies

Banks, fintechs' competition must lead to collaboration: Accenture exec

Regulated Central Bank Digital Currency is a 'promising solution for an increasingly digital world', says Sonali Kulkarni.

IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech start-ups

The fund will back 25 companies and invest in companies that have affordable products and technologies aiding financial inclusion.

Fintech startup Khatabook plans to double employee base in 2022

The company said that it will continue to strengthen its talent base in 2022 by accelerating hiring across engineering, design, product and data teams

IIFL Fintech Fund to invest Rs 300 cr in early-stage fintech startups

The move is aimed at facilitating the creation of affordable products and technologies that aid financial inclusion

Fintech start-up Minko gets $1.5 mn in funding to expand business

Company announces a B2B payments stack for offline distributors and retailers.

Central Bank of India ink co-lending deal with fintech U GRO Capital

MSME lending fintech platform, U GRO Capital on Wednesday announced that it has signed a co-lending agreement with Central Bank of India.

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

Paytm's loan disbursals up 375% at Rs 1,320 cr in first two months of Q3

The value of loans disbursed through the platform increased 375 per cent YoY to Rs 1,320 crore ($178 million) in the first two months of the quarter

Razorpay eyes $90-bn TPV, launches new solutions to enhance experience

Fintech major Razorpay said it has seen strong growth in the number of payments processed on its platform, and it expects its total payment volume to touch $90 billion by end of next year