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 […]
Gurugram-Based Fintech Startup FypMoney Raises $2 Million In Seed Funding
Gurugram-based fintech platform FypMoney app has raised $2 million in a seed funding round from angel investors, including Liberatha Kallat, Mukesh Yadav, and Dinesh Nagpal. As per the startup, it will use the funds for product development, team building, and executing marketing and growth plan. Founded by Kapil Banwari in […]
Gurugram-Based Fintech Startup M1xchange Raises $10 Million In Funding
M1xchange, a Gurugram-based fintech startup, has raised $10 million (Rs 74.4 crore) in funding led by eCommerce giant Amazon. The funding round also saw participation from existing investors Beenext and Mayfield. This is Amazon’s first bet from its $250 million Amazon Smbhav venture fund launched on Thursday at its annual Smbhav summit. […]
Fintech Startup Basic Home Loan Is Making Home Loans Faster And Stress-Free With Its Automated Platform
In a survey conducted by BankBazaar, it was found that millennials (between the age group of 25 to 35 years) see acquiring a house as their biggest aspiration. As housing is a fundamental need, almost every individual aspires to own a home. The government is also supporting people in getting their home […]
Delhi-based Fintech Startup Ruptok Fintech Acquires GoldUno
Ruptok Fintech, a Delhi-based fintech platform for gold loans, has acquired Vinrak Technologies, a Mumbai-based company that owns the GoldUno brand, in an all-stock deal. Now, with the acquisition of Vinrak Technologies, Ruptok Fintech will enter the Mumbai market. As per Ruptok Fintech, it will be offering logistics and technology […]
How Fintech Startup Bueno Finance Is Improving the Financial Health Of Blue-Collar Workers In India
Rapid urbanization and an increase in demand for everyday services have led to the fast expansion of the blue-collar workforce in India. India has more than 300 million blue-collar workers, with logistics/delivery, manufacturing, and retail being the largest employers. Though being large in number, this working segment in India is […]
Fintech Startup Rupeek Raises $33 Million In Series-E Funding
Rupeek, an online gold loan platform, has raised $33 million or Rs 239 crore as part of its Series-E funding round led by GGV Capital and four other investors. As per regulatory filings, Rupeek has allotted 2,860 Series E Preference shares at an issue price of Rs 8,34,788 each. Venture […]
European Fintech MODIFI Partners With Silicon Valley Bank To Boost Indian SMBs
MODIFI, a global digital trade finance company for SMEs, has announced a new $60 million debt facility with Silicon Valley Bank (SVB), bringing its total capital raised to $111 million. SVB’s German branch will help in addressing the increasing demand in India and other existing markets. The company, in a […]