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 […]
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 […]