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 […]
Gurugram Based FinTech Startup ‘Stack Finance’ Raises Seed Funding
Millennial finance platform Stack Finance has raised an undisclosed seed funding from SOSV and MOX (Mobile Only Accelerator). The funding round also saw participation from AngelList India and IIIT Hyderabad Seed fund along with prominent angel investors including Ajith Karimpana (Founder and CEO of Furlenco), Rohit Chanana (former president of […]
Fintech Startup ‘Niyo’ Acquires Direct Mutual Fund Investment Online Platform ‘Goalwise’
Bengaluru-based fintech startup Niyo has acquired direct mutual fund investment online platform Goalwise. This acquisition of Goalwise by Niyo has been done to expand its product offering to millennials. Niyo co-founders Vinay Bagri and Virender Bisht have picked up majority stakes in the startup, along with Niyo, in a cash-and-stock […]
This Indian Startup Is Helping Blue-Collar Workers With Financial Wellness Services
Due to rapid urbanization, and an increase in demand for everyday services, the blue-collar workforce in India is expanding fast. Despite being huge in number, this working segment in India is the most overlooked by their employers. That is why the majority of these blue-collar workers face issues related to […]