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: PayU
Bleeding start-ups stare at a harsh summer; Hand out pink slips to hundreds
The Indian start-up sector is bracing for more job losses as some half-a-dozen midsized companies issue layoff notices to hundreds of employees in a bid to trim costs and conserve cash in what portends to be a harsh summer for an industry struggling to deal with the effects of fast-paced growth. …
HR analytics start-up inFeedo raises $200k in angel round
HR analytics platform inFeedo has raised $200,000 from a clutch of investors led by Dheeraj Jain, Managing Partner, Redcliffe Capital and Anupam Mittal, CEO of Shaadi.com. Ameera Shah, CEO of Metropolis; Vivek Bhargava, Group CEO of DAN Performance; Rahul Singh, CEO of Beer Cafe and Ambarish Gupt…
PayU to invest in consumer lending start-up ZestMoney
Naspers-owned online payments platform, PayU is leading a financing round in consumer lending startup ZestMoney, people familiar with the development told. The $3.7 million fund raise will give PayU a 20% stake in ZestMoney and see existing investors Ribbit Capital and Omidyar Network also partic…
Currency Switch Impact | Despite demonetisation boost for digital payments, investors wary of fintech firms
The government’s demonetisation scheme is expected to drive up digital transactions and could also boost fintech. Surprisingly, though, investors don’t seem to be warming up to the idea. Data from Tracxn Technologies shows funding in the fintech space has dropped by 60.84% in 2016 so far. Just $4…
PayU & Citrus Pay agree to a $130m landmark deal in Indian fintech
United under PayU brand, combined payments powerhouse will reachmore than 30M Indian customers and 200K+ merchants New leadership team brings together deep financial services experience in emerging markets PayU to build on Citrus Pay capabilities, offering breadth of financial services PayU, the …
PayU India plans to double value of processed transactions to $1 billion per month
Financial technology arm of Naspers, PayU India, said its payment gateway business plans to double the total value of transactions processed, to $1 billion per month in the next one year, backed by boost in volumes from offline and online partnerships. “Striking partnerships is critical to …