Riding high on a rapid growth trajectory, ftcash, one of India’s fastest growing financial technology ventures, has raised an undisclosed amount of funding in a pre-Series A round from venture capital firms IvyCap Ventures and 500 Startups. The fintech start-up will utilize the newly-raised capit…
Tag: fintech
Ireland keen to woo Indian start-ups, offers tax benefits
With quite a few nations mulling stronger immigration laws, Ireland, the island in North Atlantic, wants to play a different tune. The Investment and Development Agency (IDA) wants to triple the number of start-ups, IT services organisations, entrepreneurs from various sectors in India in the nex…
‘India’s SMEs need to be empowered with access to funds, not mere provisions of accounts & subsidies’
If India is to sustain its onward march of 7 percent-8 percent of annual economic growth, the 50-million strong Small and Medium Enterprises (SME) sector has a vital role to play. However, in their quest for growth, SMEs find working capital and timely access to it as serious concerns. A survey t…
Helion’s Rahul Chandra floats a $100 m venture capital
Helion Venture Partners’ Managing Director Rahul Chandra has floated a new venture capital called Unitary Helion, which is planning to raise a $100 million fund focused on deals in the financial technology space. The move comes as Helion Venture Partners, which raised over $600 million back…
Tech funding soars in India: CB Insights
Venture capital funding has roared back in 2017 in Asia after a slowdown in 2016. Technology funding in India has also jumped, according to the ‘Asia Tech Investment Report’ by CB Insights, a data intelligence platform. Highlights from the report: $106 billion invested across 5,019 deals since 20…
IBM eyes SMEs to drive growth in Cloud business
IBM India has announced plans to focus on small and medium enterprises to drive growth in its Cloud business. “We already have large customers. But now we see very small customers getting into Cloud,” said Vikas Arora, Country Manager, Cloud Business IBM India & South Asia. “We are seeing tha…
PayPal & Village Capital expand partnership to globally “democratize” access to financing for SMEs
From the U.S. to Mexico to India to sub-Saharan Africa, SMEs’ need for access to capital is universal. What differs across geographic markets, however, is how small businesses can gain that access. For some, it’s through their traditional banks. For others, underbanked markets need FinTech innova…
Make in India may help start-ups go forward robustly: Deloitte
Enormous innovation in FinTech space is taking place in India, says Andrew Vaz, Chief Innovation Officer, Deloitte Touche Tohmatsu Ltd. Here he shares Deloitte perspective of current innovations happening in the country: Q: Where does India’s innovation figure amongst global innovation? A: From a…
2-day ‘Start-Up India Summit’ begins in Abu Dhabi
A two day “Start-Up India Summit” will begin in Abu Dhabi, UAE, on May 23. This is the first “Start-Up Summit” being held in the UAE by the Consul General of India (CGI) in Dubai and Embassy of India in Abu Dhabi in partnership with iSPIRIT, a nonprofit think tank and supp…
Bahrain’s new fintech fund to invest in Indian start-ups
Bahrain’s new fintech fund will invest in Indian start-ups that have an economic interest in Bahrain. In a bid to speed up its financial offerings in the fintech space, Bahrain has tied up with the Singapore Fintech Consortium to invest in fintech start-ups in the middle-east and Asia region to b…