Page 6 - Fintech Start-ups
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
 "Fintech firm Capital Float raises Rs 50 cr debt funding from Triodos IM")
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
 "Pvt cos may issue e-invoice: Fintech see scope in data, access to biz users")
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
 "Rural fintech startup Jai Kisan raises $30 mn in funding from 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
 "Fintech hub at GIFT City: IFSCA in talks with overseas regulators")
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
 "BharatPe plans to disburse Rs 14,000 cr in business loans by March 2023")
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
 "UK-based fintech start-up Revolut to hire 300 staff for India support hub")
Cred joins unicorn club with $215 million fund raise
Valuation touches $2.2 bn; startup initiates ESOP buyback worth $5 million
 "Cred joins unicorn club with $215 million fund raise")
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.
 "India home to 100 unicorns with a combined m-cap of $240bn: Credit Suisse")
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
 "BharatPe set to become next unicorn after valuation crosses $900 mn")
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
 "The new playbook: RBI steps in to stem the nexus between banks and fintechs")
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
 "Pine Labs' valuation tops $2 bn on closing funding from Lone Pine Capital")
India could become the fintech hub of the world
The opportunity to list overseas provides a huge opportunity for new-age digital and fintechs
Weaker fintechs face crisis to mature as Covid-19 casts shadow over funding
Signs of stress among even relatively well established fintechs are starting to emerge, say analysts
 "Weaker fintechs face crisis to mature as Covid-19 casts shadow over funding")
Flipkart digs deep into India's fintech market; clocked 40% growth in 2019
From providing consumer credit, device insurance to seller financing, Flipkart's fintech category grew 40 per cent in 2019.
 "Flipkart digs deep into India's fintech market; clocked 40% growth in 2019")
Fintech start-up offering tools to reduce credit risk raises $3.2 million
Less than 15 per cent of the 50+ million small businesses in India have access to formal credit
 "Fintech start-up offering tools to reduce credit risk raises $3.2 million")
Kerala signs MoU with Bahrain to collaborate for startup growth in state
The key focus of the MoU is to build business opportunities for each country's startups in the other's market
 "Kerala signs MoU with Bahrain to collaborate for startup growth in state")
Fintech firm Mobikwik becomes operationally profitable, eyes IPO
Gurugram-based firm which started its operations in 2009, is looking at further scaling its lending portfolio and achieve profitability on a full year basis in FY21
 "Fintech firm Mobikwik becomes operationally profitable, eyes IPO")
NiYO raises the fintech pitch by launching SME banking, global forex card
The neo-banking start-up recently raised $35 million in Series B funding led by Horizons Ventures, Tencent and JS Capital LLC
 "NiYO raises the fintech pitch by launching SME banking, global forex card")
Tiger Global pumps money in Indian startups as investors line up with funds
The rising interest in India occurs as investment in China's recently booming startup sector faces a steep drop-off
 "Tiger Global pumps money in Indian startups as investors line up with funds")
Fintech start-ups tap small-town users
Deeper Internet penetration and a digital boost from the government has helped fintech companies find a larger audience across the country