Leading payments company Innoviti Payment Solutions on July 12 announced financing of Rs 120 crore (~ $18 million) to further its vision of digitally organising the flow of money for businesses across the retail supply chain. Innoviti Payment Solutions Pvt. Ltd. (formerly Innoviti Embedded Soluti…
Tag: HDFC
FlexiLoans.com acquires CreditPeriod.com
Chennai: Digital lending platform FelxiLoans.com has acquired Mumbai-based supply chain financing platform, CreditPeriod.com for an undisclosed sum to strengthen its supply chain financing vertical. CreditPeriod.com enables SME buyers to procure goods / services on credit while ensuring the selle…
With technology as its key enabler, fintech start-up Rubique disburses loans worth over Rs 1250 cr
Mumbai: With technology as a key enabler to make finance simpler and minimize the gaps in the lending sector, Rubique has witnessed over 400% of growth in business with the same number of team members. The leading fintech company empowering individuals & SMEs by providing easy & smooth ac…
Why Indian start-ups are ready for a reboot in FY18
Even as the Indian startup ecosystem has seen declining investments, layoffs and shutdowns since last few months, the next fiscal will see fundamental changes and emergence of leaner ventures, says a white paper by Noida-based VC firm advantEdge Partners. “The conditions are ripe for a reboot of …
सस्ते हो सकते हैं होम और कार लोन, RBI आज पेश करेगा मॉनिटरी पॉलिसी
गिरती क्रेडिट ग्रोथ और बढ़े डिपॉजिट को देखते हुए देश के प्रमुख बैंक होम, कार और पर्सनल लोन जैसे रिटेल लोन उम्मीद से ज्यादा सस्ते कर सकते हैं। उन्हें आज पेश होने वाली आरबीआई की मॉनिटरी पॉलिसी का इंतजार है। अगर आरबीआई रेपो रेट में कटौती करता है, तो बैंक डिमांड बढ़ाने के लिए रिटेल […]
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Nandan Nilekani invests $5 mn more in e-Commerce start-up 10i Commerce
Infosys Ltd Co-Founder Nandan Nilekani has invested $5 million more in Bengaluru-based e-commerce start-up 10i Commerce Services, according to regulatory documents and a person familiar with the matter. With the latest investment, the former chairman of the Unique Identification Authority of Indi…
Zone Startups to launch programmes in digital inclusion & IoT by 2017
Start-up accelerator Zone Start-ups India will launch two new accelerator programmes in digital inclusion, smart cities and Internet of Things space (IoT), early next year. “We are going to launch two accelerator programmes in digital inclusion and smart cities and internet of things areas …
Microfinance firm Suryoday to turn into small bank by Jan
Navi Mumbai-headquartered Microfinance Institution (MFI) Suryoday is set to convert itself into a small finance bank by the end of this month or early next month. The company has been able to migrate its MFI operations to a banking platform using a cloud-based core banking platform provided by FI…
Utkarsh to start small bank in January
Utkarsh, a Varanasi-based micro-finance institution which had received an in-principle licence from Reserve Bank of India (RBI) last year to start a small finance bank, is planning to start operations in the second week of 2017, Govind Singh, Managing Director and Chief Executive Officer of the m…
Rs 10 cr disbursed to boost startups: Karnataka IT Minister
The Karnataka Startup Cell has witnessed nearly 1,400 registrations in the last two months and close to Rs eight to Rs ten crore has been disbursed under the “Innovate Karnataka” initiative to provide assistance to startups, state IT Minister Priyank Kharge said. “The actual tak…