Bengaluru: Fintech startup PaySense, which runs a digital credit platform, has raised $5.3 million in its Series-A round, led by Jungle Ventures with Naspers Group and Nexus Venture Partners. The startup had earlier raised $2.3 million from Nexus Venture Partners and angel investors in 2015. PayS…
Tag: fintech
‘Venture capital market poised to be on a high growth trajectory in Q2’2017’
2016 has been a good year with uncertainty waning in the US. According to Venture Pulse, a quarterly report on global VC trends published by KPMG, there are signs of optimism in the venture capital (VC) market as total investment in the first quarter of 2017 by US VC-backed companies reached $17.…
Fintech firm Invoice Bazaar raises funds from former Citigroup exec
Invoice Bazaar Holdings Ltd, a Dubai-based fintech firm founded by IIM Kolkata alumnus Anand Nagaraj, has raised funding from Shirish Apte, former Asia-Pacific CEO and Chairman at Citigroup. Apte has joined the advisory board of Invoice Bazaar, the start-up said in a statement. It didn’t disclose…
STARup 2017: The Hive brings world-class start-up ecosystem to Bengaluru
The Hive, a collaborative workspace at VR Bengaluru, concluded STARup 2017, a gathering of over 2,000 entrepreneurs, investors, corporate representatives, government officials and influencers from across the world’s leading start-up ecosystems. The conference was presented by Ah! Ventures and was…
‘FinTech: The growth propeller for MSMEs’
Demonetisation affected many people in many ways. But the most to feel the heat were small and medium business owners. Largely a cash intensive market, scrapping of Rs 500 & Rs 1000 notes and scarcity of lower denomination notes drove them to adopt digital payment tools to keep the business g…
Start-ups should look for homogeneous market segments within SE Asia: Amit Anand of Jungle Ventures
South-East Asia comprises as many as 10 different countries, but it is a “homogeneous” region for start-up investing, argues Amit Anand, Founder and Managing Partner of Singapore-based venture capital firm Jungle Ventures which counts Ratan Tata as a special advisor. According to Anand, start-ups…
Fintech periodic table: Key enablers & drivers influencing Indian fintech start-ups
The Indian FinTech start-up environment is blossoming and bursting at its seams. Some of the more popular sub-sectors such as payments, e-commerce are close to saturation while other sub-sectors, including consumer and enterprise finance are yet to receive adequate start-up attention. Moreover, a…
GST: गुड्स एंड सर्विसेज टैक्स के अधिनियमों ने उड़ाई SME की नींद
जानकारों का कहना है कि गुड्स एंड सर्विसेज टैक्स (जीएसटी) में सरकार और टैक्स देने वाले समुदाय ने जीएसटी से एमएसएमई (SMEs) पर पड़ने वाले असर को नजरअंदाज कर दिया है। यही वजह है कि कई एमएसएमई अब खुलकर आगे आ रहे हैं और अपनी समस्याओं को सरकार के सामने रख रहे हैं। घटेगी उत्पाद […]
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How GST will reshape the Indian start-up industry
Seen as one of the biggest tax reforms post independence in 1947, the Goods and Services Tax (GST) is set to bring forth unprecedented transformation of the Indian economy. There is a lot of conjecture around whether our markets are strong enough to sustain the impact of a radical change of this …
AP & Telangana vying for top honours in start-up ecosystem
Last month Andhra Pradesh’s coastal city Visakhapatnam, or Vizag, was buzzing with financial technology startups showcasing products, competing in front of various stakeholders and help ring in Chief Minister Chandrababu Naidu’s vision to make Vizag the fintech hub of India. “By…