Fintech company Lendingkart, on Tuesday, said that it raised $10 million by way of external commercial borrowing from a fund managed by a leading global impact investment manager and member of the Schroders Group ‘BlueOrchard’.
Investors are going back to the same list of startups they have already backed to write bigger cheques leading to new unicorn sightings becoming rare. Only Perfios and Ola founder Bhavish Aggarwal’s Krutrim AI have become unicorns so far in 2024, and the number was the same for the whole of 2023.
Ebanx helps nearly 300 brands process payments in multiple countries across Latin America and Africa. It now wants to enter India, which will be its first market in Asia. It will offer payments infrastructure for global brands looking to sell to Indian consumers, who can use Ebanx to pay through the local currency and by …
Brazilian payment company Ebanx set to start India operations with Yes Bank Read More »
Both countries also discussed the possibilities of a memorandum of understanding (MoU) on Local Currency Settlement System (LCCS) in trade, digital transformation solutions, and on the opportunities offered by the African Continental Free Trade Agreement.
Citi is strategically targeting high transaction volume sectors in India like industrials, auto supply chains, clean energy, mobility, consumer, and healthcare. The bank aims to maintain its lead in funding digital disruptors and supporting startups in navigating market conditions.
While there has been a funding winter in fintechs and tech startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTech funding has witnessed a significant drop in the amount raised in the month of April, compared to the previous month.
Legacy financial institutions turn to startups like Data Sutram for tech support in customer verification. Data Sutram’s ‘DS Authenticator Trust Score’ aids in assessing customer trust levels during account opening. Bureau Inc’s ‘Money Mule Score’ enhances fraud detection.
One97 Communications (OCL), which owns brand Paytm, on Saturday said the company’s president and chief operating officer (COO) Bhavesh Gupta has resigned from his position. Gupta, whose resignation comes amid a series of recent top level exits at the Noida-based fintech, will however move to an advisory role in the CEO office. Gupta quit citing …
NPCI-built app to foray into ecommerce space via separate division. Despite marketing challenges, BHIM aims to improve user experience through partnerships and new initiatives like BHIM 2.0.
Claypond Capital, Axis Bank, and new investors plan to invest in Rupeek at a reduced valuation. Investment details are being finalized, with existing investors also considering selling shares. Rupeek previously raised funds from 360 One at a significant discount.
