Fintech

Fintech Startup Cash Suvidha Raises $2.7 Mn In Debt Funding

Just a number of times after fintech platform Finbucket declared its $1.87 Mn funding, Delhi-primarily based on-line lending startup Income Suvidha has lifted an institutional financial debt of $2.7 Mn from numerous money establishments. The cash have been lifted from six money establishments and will be mainly made use of to aid even further lending…

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Happay Raises $10 Mn Funding From Sequoia, Axiom Capital, Others

Bengaluru-dependent fintech startup Happay has raised $10.1 Mn (INR 65.13 Cr) in a Sequence B funding round led by Sequoia Cash India. Singapore-headquartered personal fairness fund Axiom Cash, AME Cloud Ventures, Brad Garlinghouse of Oak Avenue Trust and US-dependent businessman Ben Nelson also participated in the round. As for every filings with the Ministry of…

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Lending Platform FlexiLoans Raises $7 Mn In Debt Funding

Mumbai-based digital SME lending platform FlexiLoans has lifted an institutional personal debt funding of about $7 Mn (INR45 Cr) from Financial Establishment(s). The funding will be employed to broaden its proprietary financial loans and provide chain financing segment. Launched by 4 ISB classmates Deepak Jain, Abhishek Kothari, Ritesh Jain and Manish Lunia in 2016, FlexiLoans…

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Fintech Startup Remitware Launches Global Payments Platform MoneyOS

California-based mostly Remitware Payments (Remitr) is established to start a blockchain based mostly functioning method, MoneyOS for global payments. The new OS aims to simplicity the crossborder/global payments by releasing up the present complexities. The intercontinental money centre at Saudi Arabia’s Cash, Abu Dhabi Global Sector (ADGM) will deploy and take a look at MoneyOS…

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How YES BANK Is Banking On Startups From YES FINTECH Accelerator

It’s been a hectic two days for the innovation programme of Of course Financial institution – Of course FINTECH. At the ISME Ace in Lessen Parel, Mumbai, the leading management of Of course Financial institution have been hectic listening to pitches of in excess of 30 startups on Nov 21 and Nov 22 as they…

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Flipkart Financial Marketplace To Soon Roll Out Insurance Services

Taking a move in advance in its attempt to disrupt the money companies area, Flipkart may shortly start out promoting insurance products and solutions on its money market. As talked about in company’s latest RoC submitting, “The organization intends to enterprise into the new line of company viz. solicitation and servicing of insurance guidelines by…

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SBI To Launch Omni-digital Banking And Lifestyle Platform YONO

The country’s most significant public-sector bank SBI has announced designs to launch an omni-electronic system named YONO, which stands for ‘You Only Require One’. As its name suggests, the system is envisioned as a one particular-cease alternative for all of the customer’s wants relevant to banking and way of living items/products and services. Commenting on…

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Paytm Bids On Fintech Startup CrediMate, To Soon Roll Out Its Loan Management System

Vijay Shekhar Sharma led Paytm has invested an undisclosed total in Mumbai-primarily based fintech startup CreditMate. Launched in 2016 by Jonathan Invoice and Aditya Singh, CreditMate is an on line lending system focussed on the utilised two-wheeler market place in India. It promises to give inexpensive loans for second-hand ttwo-wheelers It has a technology-primarily based…

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Paytm Teams Up With ICICI Bank To Offer Short Term, Interest Free Loans

Mumbai-headquartered banking and money providers corporation, ICICI Lender, has partnered with Paytm to start a limited-time period, interest-absolutely free credit history line aptly referred to as Paytm-ICICI Lender Postpaid. As stated in a blogpost, the freshly-solid alliance with ICICI will allow the electronic payments system to supply instant financial loans to customers below its “Get…

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