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
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Tag: HDFC Bank
Lendingkart raises $10.74 m in bridge round, eyes more funding
Lendingkart Technologies Pvt. Ltd, the technology and digital marketing arm of Ahmedabad- and Bengaluru-based fintech startup Lendingkart, has raised Rs 69.02 crore ($10.74 million) in a bridge round. Lendingkart issued 23,294 preferential shares, mainly to existing investors, at Rs 29,634 apiece…
‘GST Enforcement: A burden for the present, a positive step for the future’
The goods and service tax (GST) is finally slated to be rolled out on July 1, 2017. And the journey so far has been anything, but easy. The fact that the proposed date of implementation for the tax has been shifted several times (from April, 2010 to April,2013 to April 2016 to now finally to [&he…
Delay in IT security clearance not to affect GST launch: Arun Jaitley
Finance Minister Arun Jaitley said GST rollout will not be impacted by any delay in security clearance to GST Network, the IT backbone provider for the new indirect tax system. “It (GSTN) is already functioning,” he told reporters here. Security clearance to GSTN is a “procedura…
Readying for GST: A peek inside frantic preparations for the massive revamp
India will adopt its most comprehensive indirect tax reform—the goods and services tax (GST)—on July 1. As the deadline draws closer, there is a mad rush to get ready for a revamp which most find too complex and tedious. From the government to small businesses, all stakeholders are anxious for a …
WannaCry ravage: Cyber security start-ups come to rescue
Chennai: As ransomware WannaCry ravage continues, cyber security start-ups look to beef up security systems of their clients. While DSCI and Nasscom issued a “best practices” note on May 15, security experts are issuing alerts, monitoring communications 24/7 and developing patches to …
‘The runway for mid & small-cap companies is long but not infinite’
According to Morningstar India, mid-cap funds constituted 11% of the overall equity fund assets under management in 2014; this moved up to 16% in 2015 and currently stands at 20%. Mid- and small-cap funds have been getting a lot of inflows as compared to large-cap flows. Are we building ourselves…
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…
Banks & fintech start-ups see more value in cooperation than in rivalry
In 2011, ICICI Bank was confronted with a unique problem. Most of the frontend staff of India’s largest private sector bank by consolidated assets were reasonably fresh, and had to be quickly trained to interact online with customers. A lot of time was wasted toggling between multiple screens to …