Page 6 - Fintech Start-ups

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

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

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.

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

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

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

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

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

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

Massive pressure for innovation on India's fintech space, says Nasscom

Fintech start-ups have benefited from the measurability of their performance

BSE eyes creation of fintech talent with new MBA programme

With Fintech or technology enabled financial services becoming a serious business opportunity for startups and brick and mortar financial institutions alike, BSE Institute Limited, the learning arm of Bombay Stock Exchange has launched an MBA program in Financial technology in association with University of Mumbai. The flagship programs launched include Masters in Financial Technology, Masters in Global Financial Markets and Bachelors in Capital Markets. "Our first batch of about 100 students come from a predominantly tech background like BCA and BTech. They had to clear a technology specific entrance test to qualify for the course," said Ambarish Datta, CEO and MD of BSE Institute. The course will be focus on explaining markets, banking regulations, trading apart from blockchain, crypto currency, creating apps and algo-trading among others.According to the World Fintech Report, 2017, most fintech firms start their journey as startups with limited worries about existing systems, ...

10 young fintech start-ups playing with disruptive tech in India

FRS Labs start-up has been providing fraud, risk, security services since 2010, reports Tech In Asia