Chennai-Based Fintech Startup Yap Raises $10 Million In Series B Funding
Yap, a Chennai-based fintech startup, has raised $10 million in its Series B round co-led by Flourish Ventures and Omidyar Network India. The funding round also saw participation from Yap’s existing investors Beenext, 8i Ventures, and DMI Group. Yap had raised $4.5 million in April last year as part of […]
Fintech Startup Intellect Design Launches AI-Powered Aadhaar Processing Solution
Intellect Design, a Chennai-based fintech startup, announced the launch of Magic Aadhaar, an artificial intelligence (AI)-powered Aadhaar processing solution for companies. The startup said in a statement said the AI solution used to identify, extract, validate, and mask Aadhaar details hyper-digitises the end-to-end processes using Aadhaar-based processing. Talking about Magic […]
This Bengaluru-Based Fintech Startup ‘Basis’ Is Powering Financial Independence For Women
Financial illiteracy and lack of money management skills are the prime reason for women’s dependency on men. As per a 2020 report by Microsave Consulting, 23% of women in India still do not have access to any formal financial services. And of the 77% who do, 44% don’t use the […]
Making Education Accessible, Fintech Startup ‘Eduvanz’ Provides Fast, Cheap, And Flexible Education Loans
India is not just a land of 1.36 billion people, but a land of many such dreams. The path of fulfilment of these dreams goes through right education. Only education can reduce poverty, enhance equality, improve health, reduce crime, and promote rights, etc. In this digital age, there is no […]
New Delhi-Based Fintech Startup ‘Progcap’ Raises Rs 10 Crore In Debt Funding
Progcap, a New Delhi-based fintech startup, has raised Rs 10 crore in a debt funding round from Stride Ventures, a venture debt fund. As per the startup, it aims to use the funding to increase its AUM and increase the penetration amongst retailers across the country. The startup will look […]
Fintech Startup CRED Expenses Increase 492% In FY20
CRED, a fintech startup, posted operating revenue of just 52 lakh in the fiscal year ended March 31, 2020. The startup also generated Rs 17.56 Cr income from interest on fixed deposits and current investments, making CRED’s total income for the year to a little over INR 18 Cr. This […]
Bengaluru-Based Tech-Enabled Micro-Savings Application ‘Siply’ Raises $1 Million In Seed Funding
Bengaluru-based tech-enabled micro-savings application Siply has raised $1 million in a seed round led by Inflection Point Ventures. As per the startup, it will utilise the funds for team expansion, scaling up technology platform, and conducting initial pilots with the partners. Started by Sousthav Chakrabarty, Anil Bhat, and Nitin Mittal […]
Fintech Startup ‘ClearTax’ To Spend Up To Rs 100 Crore On Two New Apps
ClearTax, a Tax solutions provider, says it will spend up to Rs 100 crore this year on launching two new apps- ‘ClearTax Black’ and ‘ClearTax Pro’. Aimed at millennials and tax professionals, the startup expects the two new apps to hit a million downloads in the next six months. Started […]
How Ahmedabad-Based Fintech Startup ‘Lendingkart’ Is Helping SMEs Secure Business Loans Easily
The MSME sector in India is growing at a faster rate, with significant contribution to the GDP. As per Confederation of Indian Industry (CII), MSMEs contribute 6.11% to the manufacturing GDP, 24.63% to the GDP from service activities, and 33.4% to India’s manufacturing output. Despite so much contribution, the sector […]
Bengaluru Based Fintech Startup Signzy Raises Fresh Funding Of $5.4 Million
Bengaluru-based fintech startup Signzy announced that it had raised $5.4 million from Arkam Ventures and Mastercard. Signzy existing investors, Kalaari Capital and Stellaris Venture Partners, also participated in the current round. As per the startup, it will use the funds to strengthen its AI research and product enhancement. Signzy is […]