Page 6 - Fintech
Cred raises $80 mn in funding led by GIC at $6.4-bn valuation: Report
The existing investors Tiger Global, Sofina Ventures, Alpha Wave Ventures and DF International also participated in the funding round, said a news report
 "Cred raises $80 mn in funding led by GIC at $6.4-bn valuation: Report")
Fintech challenge is a fantasy
Digital banks are a threat, not so much to banks as to banking stability on account of the systemic risk they pose
 "Fintech challenge is a fantasy")
Cryptos akin to a world of Carribean pirates in absence of regulation: CEA
V Anantha Nageswaran said the recent development in Terra-Luna cryptocurrency, which witnessed a massive meltdown last month, is a 'very important cautionary tale'
 "Cryptos akin to a world of Carribean pirates in absence of regulation: CEA")
Fintech has potential to transform India's financial landscape: MoS Finance
Industry looks at credit card penetration as a key growth driver in future
 "Fintech has potential to transform India's financial landscape: MoS Finance")
Micro MSME Fintech ARTH raises $2.5 mn from KfW arm, MIT alumni and others
Total funding including from promoters rises to $3.5 million; funds to be used to expand services, enhance tech capabilities
 "Micro MSME Fintech ARTH raises $2.5 mn from KfW arm, MIT alumni and others")
Fintech for every merchant
Fintech firms have created an ecosystem of trust and supportiveness for merchants, by helping them with creative solutions and innovative products
 "Fintech for every merchant")
Indian fintech's success an example of popular support for reforms: Modi
India got record amount of foreign investments last year during the coronavirus pandemic, says Prime Minister in Hyderabad.
 "Indian fintech's success an example of popular support for reforms: Modi")
Three Wheels United raises $10 mn to increase financing for EV 3-wheelers
TWU has previously raised funding from Asian Development Bank Ventures, Techstars, Microsoft, and investors from the Middle East, Europe, and US
 "Three Wheels United raises $10 mn to increase financing for EV 3-wheelers")
Fintech regulation must be calibrated
Fintechs have leveraged the gaps in traditional financial institutions and processes to provide increased efficiency and productivity. They have been a vehicle of financial inclusion
 "Fintech regulation must be calibrated")
Keen to invest more in Indian software, fintech: Insight Partners top brass
Nikhil Sachdev (MD) and Nikki Parker (SVP) travelled to India from the US for face-to-face meetings aimed at building strong ties with Indian startup founders
 "Keen to invest more in Indian software, fintech: Insight Partners top brass")
eMudhra sets IPO price band at Rs 243-256 per share, sale to open on May 20
Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-crore Initial Public Offering (IPO).
 "eMudhra sets IPO price band at Rs 243-256 per share, sale to open on May 20")
Fintech firm BharatX raises $4.5mn in seed round to expand business
The company works with brands and websites to provide a credit feature in their apps to serve customers.
 "Fintech firm BharatX raises $4.5mn in seed round to expand business")
Eduvanz raises Rs 50 cr in debt round as credit disbursal doubles in FY22
Onboards Oxyzo and Unifi AIF as new lenders; existing lenders, Vivriti and MAS, take incremental exposure
 "Eduvanz raises Rs 50 cr in debt round as credit disbursal doubles in FY22")
Fintech start-up Actlogica raises seed funding from Zerodha's venture arm
The husband-wife duo of Ameet Ayare and Archana Anoor founded Actlogica in 2015 to aid wealth managers and investment management professionals
 "Fintech start-up Actlogica raises seed funding from Zerodha's venture arm")
udaanCapital ties up with Northern Arc Capital for financing 50,000 kiranas
udaanCapital currently helps disburse over Rs 8,000 crore credit a year to 150,000 kiranas and small businesses. The credit is short-term and ranges from Rs 10,000 to Rs 25 lakh
 "udaanCapital ties up with Northern Arc Capital for financing 50,000 kiranas")
Banks globally need to compete with fintech players to keep pace: Report
Nearly half of respondents said their current banking relationships were neither rewarding (49 per cent) nor emotionally connected (48 per cent), while 52 per cent said banking was not 'fun'
 "Banks globally need to compete with fintech players to keep pace: Report")
Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets
Business Standard brings you the top headlines this morning
 "Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets")
MobiKwik elevates Anshuman Misra as Chief Product and Technology Officer
Anshuman Misra will work with the product, design, engineering, infrastructure and security functions at MobiKwik
 "MobiKwik elevates Anshuman Misra as Chief Product and Technology Officer")
BharatPe posting record growth, has put behind Grover controversy: CEO
BharatPe, which allows shop owners to make digital payments through QR codes, is now in 225 cities (more than 2x growth from last fiscal)
 "BharatPe posting record growth, has put behind Grover controversy: CEO")
BharatPe's Ashneer threatens legal action over comment against sister
In a letter written to BharatPe Board, Ashneer said that Sameer should be "immediately served a show-cause notice for his despicable public behaviour and immediately put on leave of absence
 "BharatPe's Ashneer threatens legal action over comment against sister")
