Tez is working towards a digital ecosystem that brings together millions of smartphone users, small merchants, large businesses, and financial institutions — all built on the UPI infrastructure
…
Tag: Axis Bank
Freyr Energy ties up with Axis Bank to benefit MSMEs & its customers with term loan facility
The loan will benefit micro, small and medium enterprises (MSMEs) and self-employed individuals and wilk also help them get their solar rooftops for industrial and commercial purposes.
…
Axis Bank launches digital invoice discounting platform for MSMEs
To help micro, small and medium enterprises (MSMEs) and improve their quality in accessing funds, Axis Bank launched its digital invoice discounting platform, Invoicemart. Invoicemart is a digital invoice discounting platform created by A.TREDS, a joint venture of Axis Bank, India’s third-largest…
GSTN provider Vayana Network raises Rs 25.7 cr in Series-A funding
Digital trade financing network and a Goods and Services Tax Network (GSTN) provider, Vayana Network, has bagged over Rs 25.7 crore from IDG Ventures and Jungle Ventures in series A funding. The Pune based network facilitates trade between businesses and helps finance small and medium enter…
Banks see credit growth for SMEs & self-employed after GST rollout
What GST will provide us is that for many of these smaller companies, we will have data. So, our ability to understand these businesses, and therefore, lend to them will improve dramatically
…
Cloud storage firm NetApp launches its first start-up accelerator in India
US-based data storage and management company NetApp has announced the launch of its first startup accelerator in Bangalore. The programme, called NetApp Excellerator, is open to startups with solutions in Internet of Things, cloud, Big Data and analytics, machine learning, virtualisation, data se…
RBI’s trade receivables system to help MSME sector
While the government is prodding the micro, small and medium enterprise (MSME) sector to drive the economy to its next phase of growth and job creation, the entire sector is grappling with challenges of getting their payments on time. Big corporates, which usually source a part of their products …
Fintech start-up perfios secures $6.1 mn in series A funding
Bengaluru-based fintech firm Perfios has reportedly raised $6.1 Mn (INR 40 Cr) in Series A funding round from Bessemer Venture Partners. This is Bessemer’s first deal in a pure play fintech platform. The raised funds will be used for team strengthening, international expansion to the UAE & So…
Fintech start-up Perfios raises about Rs 40 cr from Bessemer VP
Fintech company Perfios Software Solutions has raised about Rs 40 crore in its series-A round from Bessemer Venture Partners. The Bengaluru-based firm, founded in 2009 by V R Govindarajan and Debasish Chakraborty, plans to use the funds for organic and inorganic expansion. “We will use the funds…
Cibil pegs MSME bad loans at Rs 55k cr; Launches score for them
Mumbai: Warning that the banking industry is staring at a potential stress of nearly Rs 55,000 crore in its MSME exposure, Transunion-Cibil has launched a ranking for small businesses to take care of “information asymmetry”. It estimates the gross non-performing assets ratio for MSMEs…