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: Harshil Mathur
New digital payment rules may empty start-up wallets
Digital payment companies are tempering their expectations of a bumper growth this financial year. India’s campaign to get more people to transact digitally has boosted transaction volumes for companies such as Billdesk and CCAvenue. But a simultaneous measure to lower the fees that merchan…
MasterCard invests in online payment gateway solution ‘Razorpay’
American payments and financial services company MasterCard has invested an undisclosed amount in Razorpay, an online payment gateway solution for Small and Medium Enterprises and platforms. The equity-based investment in the company backed by Tiger Global is MasterCard’s second investment.…