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…
Tag: Bajaj Finserv
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…
Lending start-up RedCarpet raises $2.5 mn from Lightspeed
Gurgaon-based micro-lending startup RedCarpet Tech Pvt Ltd has secured $2.5 million (Rs 16 crores) in a funding round led by venture capital firm Lightspeed Venture Partners, according to a financial daily. The funds will be deployed for improving the technology used for risk evaluation, adding n…
It would be important to see how SMEs adjust to demonetisation: Bajaj Finserv
The SME sector continues to see the slow growth that was witnessed even after the note ban that was enforced last November, Sanjiv Bajaj, Managing Director of Bajaj Finserv . Bajaj said that defaults on loans had gone up marginally before the third quarter and that Bajaj Finserv had tightened its…
Kalaari Capital leads $2 million Series A funding round in Creditvidya
Early-to-mid-stage venture capital firm Kalaari Capital has led a $2 million (Rs 13.3 crore) funding round in financial technology startup Infocredit Services, which operates credit score advisory platform CreditVidya . Additionally, the three year-old, Mumbai-based startup has received Rs 1 cror…
Askme Fin plans payment services for SMEs
E-commerce marketplace Askme Bazaar plans to help small and medium vendors who are transacting on its site by arranging credit and insurance products for them. These services will be provided via Askme Fin, the groups’ financial services platform. In the last 2-3 months, Askme Fin has helped abou…
AskmeFin to credit rate Small & Medium units, use algorithms
AskmeFin plans to venture into credit rating of small and medium enterprises to enable them get funds at competitive rates. To start with, the company will use algorithms to provide credit scores for the 1.5 lakh SMEs registered with it and also helping them tie-up short-term funds. A part of the…
Askme Group to help arrange Rs 1,000 crore of loans for 10,000 SMEs
The Askme Group will help arrange Rs 1,000 crore of loans for 10,000 online and offline small and medium enterprises that are listed on its platforms and directories by the end of financial year 2017. The finance arm of the group, Askme-Fin, has tied up with non-bank finance companies, banks and …
Amazon India-Capital First tie-up to offer loans to SMEs
Much on the lines of its competitors, e-commerce giant Amazon Seller Services on February 8 launched a seller lending programme in India, enabling small & medium businesses on its platform to get working capital loans ranging from Rs 5 lakh to Rs 2 crore. Amazon has partnered with Capital Fir…
AskMe Group hosts Finclave 2016, sets the tone for SME financing
India’s leading online search platform and one of the largest digital SME market places in the country, the AskMe Group organized Finclave 2016 at The Westin, Gurgaon. The event was organized to showcase AskmeFin, an initiative aimed at addressing the finance requirements of SMEs by offering them…