Offering Fully Integrated Suite Of Payments Products, Fintech Startup PayG Is Helping Big Enterprises Optimise Their Digital Payments
Digital transformations have changed the way businesses used to operate. And to stay ahead of their competitors, businesses are embracing technologies and are keeping up with the shift towards online consumption and e-payments. As each organisation has its own mission, a one-size-fits-all approach does not cut it for larger organisations. […]
Microlending Platform Pocketly Raises Undisclosed Funding
Microlending platform for college students Pocketly has raised an undisclosed amount of funding. The funding round was led by marquee angels like Ashneer Grover (Founder of BharatPe), Jaimin Bhatt (CFO at Kotak Bank), Siddharth Somaiya (Founder of Organic Riot), and Gaurang Shetty (CEO, RIIDL). Micro VCs such as Prophetic Ventures, […]
Providing Last-Mile Financing Solutions, Fintech Startup Progcap Has Disbursed Rs 1,500 Cr In Loans To SMEs and Retailers
The Indian MSME sector is growing fast, with an increasing contribution to India’s GDP. As per the Confederation of Indian Industry (CII), MSMEs contribute 33.4% to India’s manufacturing output, 24.63% to the GDP from service activities and 6.11% to the manufacturing GDP. Despite such significant contributions, the MSME sector is […]
Muthoot Fincorp Acquires 54pc Stake In Fintech Startup Paymatrix
Muthoot Fincorp, a Gold loan provider, has picked up a 54% stake in Hyderabad-based fintech startup Paymatrix by buying out existing investors. This investment by Muthoot Fincorp is part of its added focus on the digital payments segment. As per Thomas John Muthoot, Chairman of Muthoot Pappachan Group, the deal […]
Bengaluru-based Fintech Startup Slice Raises $15.5 Million Funding
Slice, a Bengaluru-based fintech startup, has raised fresh funding of $15.5 million from its existing investor Gunosy Capital, a Japan-based VC firm. With this investment in Slice, Gunosy Capital is now one of the largest stakeholders in Slice, controlling a 17.18% stake on a fully converted and diluted basis, with […]
Delhi-Based Fintech Startup BankSathi Raises $200,000 In A Seed Funding Round
BankSathi Technologies, a Delhi-based fintech startup, has raised $200,000 in a seed funding round from a group of angel investors, including Dinesh Godara (founder TREAD); Rajendra Lora, Founder Freshokartz); and Anuj Ahuja and Aditya Talwar (founders Studybase). As per the startup, it will use these funds for product development, team […]
Fintech Startup Pickright Technologies Raises $200,000 In Funding Led By JITO Angel Network
AI-enabled fintech startup Pickright Technologies has raised $200,000 in a funding round led by JITO Angel Network (JAN). The funding round also saw participation from Mumbai Angels and a consortium of other angels. As per the startup, it plans to use the funds for marketing, creating tech, and specifically, to […]
IAN Fund Invests In Noida-Based Fintech Startup Nivesh
Nivesh, a Noida-based fintech startup, has raised $1.6 million in a pre-Series A round from IAN Fund. Other co-investors, including angel investors from Indian Angel Network and LV Fund and angel investors Vir Mehta and Raghav Kapur, also participated in the funding round. As per the startup, it will use […]
Fintech Startup Findeed Is Empowering Millions Working-Class Indians By Providing Them Access To Credit
The government of India is trying its best to provide access to financial services, timely and adequate credit to India’s weaker sections and low-income groups at an affordable cost. Still, the majority of Indian households borrow expensive credit from informal sources rather than banks or financial institutions. As per a […]
Bengaluru-Based Fintech Startup Avail Finance Raises Rs 24Cr In Debt Financing
Avail Finance, a Bengaluru-based neo banking startup focused on improving the financial health of the blue-collared workforce, has raised Rs 24 crore in debt financing led by Alteria Capital. Started by Ankush Aggarwal and Tushar Mehndiratta in 2017, Avail Finance is an app-based lending platform focused on the gig economy […]