Bengaluru: Mumbai-based fintech company ItzCash has raised Rs 800 crore from US-based Ebix Inc, a global insurance SaaS company. Ebix has acquired 80 per cent stake in the company, thus valuing Itzcash at $150 million and giving exits to early investors Matrix, Intel Capital and Lightspeed Ventur…
Tag: ItzCash
India’s fintech sector rises to 72 start-ups in last 3 years
Fintech start-ups in the country has seen a large growth in recent times in India. At a time when the government has been aggressively pushing for digital payments and bringing into a formal ID system, increased funding and tax reliefs have pushed such start-ups. There are currently 72 start-ups …
Broader market: Small is the new big
At a time when most sectors involved with the digital economy — including e-commerce, ride sharing, food technology — are trying to find stable ground, the booster shot provided by demonetisation to financial technology sector has allowed companies in this area to indulge in expenditure for expan…
ItzCash invests in fintech start-up Finly
Coimbatore: ItzCash, a leading player in the digital payments space, has announced that it has made an undisclosed investment in Bengaluru-based expense management fintech startup Finly. The deal has been bought to fruition through part equity investment and part business partnership. “The …
Investor queue gets longer outside micro loan startups
Startups helping college students and young adults get small loans, typically below Rs 1 lakh, are seeing early interest from investors as fin-tech, or financial technology, emerges as one of the hottest sectoral themes for this year. Finomena, a Bengaluru-based lending platform for students, rec…