Deal activity in the financial services technology (fintech) space continues to remain strong, with start-ups announcing a fund-raise every second week. Since 2012, investors have pumped about $2.35 billion (Rs 15,000 crore) into fintech firms in 325 deals, says data platform VCCEdge. The bulk we…
Tag: Amrish Rau
How fintech players are expanding their horizons to stay ahead of the curve
The banking and financial services sector has witnessed a sea change over the past year with banks increasing focus on technology, demonetisation-induced cash crunch causing a spike in digital transactions, and proliferation of fintech players offering innovative products and services. Customers …
Demonetisation Effect | Claims of business gains for digital payment firms may not be true
It has been a month since the government launched its war on cash, but it is unclear yet if the digital wallet providers have been able to piggyback because of disparate figures that have left the industry flummoxed. While online wallet companies including Paytm, MobiKwik and Free-Charge are decl…
PayU & Citrus Pay agree to a $130m landmark deal in Indian fintech
United under PayU brand, combined payments powerhouse will reachmore than 30M Indian customers and 200K+ merchants New leadership team brings together deep financial services experience in emerging markets PayU to build on Citrus Pay capabilities, offering breadth of financial services PayU, the …
Payments Co Stripe makes 1st India hire
San Francisco-based payments startup Stripe, valued at $5 billion, has hired its first India employee as it looks to kick-start operations here. Anand Balaji, an ex-Amazon executive, has come on board Stripe and is currently mapping the India market for the company, sources privy to the developme…