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 …
Tag: fintech
Fintech companies taking advantage of boom in retail lending
Retail lending, the loan against property and credit cards along with unsecured small value business loans etc, has seen a boom lately. This boom has not only helped banks grow their credit portfolio but has also given a major boost to fintech companies in the lending space. Now that the banks ar…
Pimco Japan’s Makoto Takano to invest Rs 30 cr in Indian start-ups
Bengaluru: Pimco Japan’s former Managing Director Makoto Takano has committed to invest Rs 30 crore in the Indian startup ecosystem through Gurgaon-based Green House Ventures (GHV) Accelerator. GHV , founded by Vikram Upadhyaya in 2014, funds and mentors startups between the incubation and …
Microlending startup SmartCoin raises $500K from Unicorn India Ventures
Early-stage venture fund Unicorn India Ventures, which is set to close its maiden fund in the range of Rs 100 crore, has made its first investment in the fintech space, leading a round of about half-a-million dollars in Bengaluru-based microlending startup SmartCoin. The startup offers loans star…
Pune now decks up for a spot on India’s startup map
The Pune Smart City Development Corporation (PSCDC) has set up a new subsidiary, Pune Idea Factory Foundation (PIFF), which will serve as a one-stop shop for anything startup related in the city. Maharashtra Chief Minister Devendra Fadnavis has said that he would like to make the city India’…
Accelerator program launched to support international start-ups in India
Mumbai: Zone Startups India is all set to launch an international accelerator programme based out of Mumbai. The new programme touted as a market accelerator called ‘Gateway91’ aims to host and support international, growth-stage startups looking to build their India market. Earlier t…
Capital Float partners with Amazon India to disburse loans to e-sellers
Bangalore: Digital lending platform Capital Float has announced its partnership with Amazon India to disburse thousands of loans to e-sellers. The company – the only fintech startup to partner with the e-commerce giant – has also partnered with other leading online platforms including…
Yes Bank accelerator eyes B2B Fintech in Newest Accelerator Program
Yes Bank has chosen 12 startups to partake in its accelerator program, and among them are several B2B FinTech players. The India bank’s program, launched in partnership with T-Hub, announced the 12 participants March 17. The companies were selected from 753 applicants across 18 countries, accordi…
How fintech players are expanding their horizons to stay ahead of the curve
The banking and financial services sector has witnessed a sea change over the past year with banks increasing focus on technology, demonetisation-induced cash crunch causing a spike in digital transactions, and proliferation of fintech players offering innovative products and services. Customers …
No good start-up will starve to death: Sanjay Swami of Prime Venture Partners
Prime Venture Partners, formerly Angel Prime, is a venture capital fund that focuses on early-stage start-ups, and looks for companies that don’t just need capital but also mentoring. Prime has a number of investments in the fintech space, and it’s well-known for its highly-engaged ap…