IndiaMART, India’s largest online marketplace, has announced its entry in the payments space to enable over three million sellers on its platform. Addressing the bottleneck of trust deficit for the SMEs, the company has launched its buyer and seller protection program which will enable the …
Tag: fintech
CreditMantri raises $7.6 mn in Series B round of funding
Chennai-based FinTech startup, CreditMantri has raised USD 7.6 million in Series B round of funding led by Quona Capital and Newid Capital along with existing investors, Elevar Equity, Accion and IDG Ventures India. Founded by three former Citibank executives, the company offers a proprietary tec…
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 …
World Bank’s IFC plans an aggressive foray into series A start-up deals
World Bank’s arm IFC is planning an aggressive foray into startups at Series-A level, as part of its recent push towards early-stage investing in India. Till now, it has backed more mature startups like Byju’s, Lenskart, Bigbasket and Blackbuck, with ticket sizes upwards of $5 million…
एमएसएमई की वृद्धि पर स्टार्टअप कंपनी ऑफबिज़नेस की नज़र
कच्चा माल, वित्त और माल की आवाजाही आदि छोटे और मझोले उद्यमियों (एसएमई) के लिए हमेशा से बड़ी परेशानी रही है। गुडग़ांव की स्टार्टअप कंपनी ऑफबिज़नेस एसएमई को इन दिक्कतों से निजात दिलाने में जुटी है। इस कंपनी की बुनियाद सितंबर, 2015 में आशीष महापात्र ने रखी, जो मैट्रिक्स पार्टनर के निदेशक रह चुके हैं…
RBI asks banks to collaborate with Fintech cos to bridge funding gap for SMBs
Mumbai: The RBI deputy governor has said that in view of the competition from fintech companies, banks should reorient their business model and look at collaborating with more efficient players after assessing the likely impact of disruption. Delivering the inaugural address at a seminar organise…
‘Indian start-ups are leaders in low-cost innovation’
Whoever has ever attended a TiECON event knows what it is like to hear out and meet some of the leaders in entrepreneurship space in the country. Such conferences are a great meeting point to exchange ideas, understand sectors and trends, gauge motivation for ventures, meet investors and supporti…
Axilor bets on Fintech: ropes in PayU India as industry partner
Early stage fund, Axilor Ventures, bets on new opportunities around Fintech; signs up PayU India as the industry partner for its Accelerator Program. Axilor has recently announced doubling the intake for its Summer ’17 Accelerator Program. Fintech is one of the five focus areas for the cohort in …
16 Indian start-ups raise funding in The Vault’s first season
After a remarkable performance that offered a high dose of informative entertainment to its viewers, The Vault, a one-of-its-kind Indian reality TV show has concluded its extremely-successful first season. The season comprised 12 episodes and facilitated investments worth up to Rs 11 crore. The i…
Foresight start-up ecosystem: Fintech conclave to be held at BSE from March 1 to 3
Chennai: There has been a lot of talk around fintech in the last few years. The demonetisation drive gave impetus to players in the banking and tech industry. In a bid to assess the ecosystem, talk about the future and look at the drivers of change in fintech, Zone Startups India is launching …