MUMBAI: Rise Accelerator, a FinTech- focussed accelerator programme started by Barclays announced its first cohort, comprising 10 FinTech startups. The fintech accelerator will provide the selected startups with access to the bank’s technology, insight and expertise via onsite mentors and a…
Tag: fintech
Here’s how start-ups’ success can be measured
The problem with excessive and premature hype is that the euphoria is often followed by disillusionment. The soaring valuations of copycat e-commerce start-ups in the last three years has been reminiscent of the dotcom spurt at the end of the last century. The dotcom bust, when it happened, was s…
288 start-ups cumulatively raised $1.36 bn in Q3
Investors continue to adopt a “cautious approach” regarding start-ups as investments declined to USD 1.363 billion in the third quarter of 2016, start-up tracker Xeler8 said. According to data by Xeler8, a total of 288 start-ups have cumulatively raised USD 1.363 billion in the third …
Decoding the Indian fintech start-up sector
Two surveys, by Kalaari Capital and Tracxn, delve deep to check out the strategies, the investments and people that help run these rapidly-growing firms which marry money and software. Source: ET Tech
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MoneyTap launches credit line app
Fintech start-up MoneyTap has launched a credit line app in partnership with its banking partner RBL Bank. Using the app, a salaried employee can borrow as little as Rs. 3,000 or as much as Rs. 5 lakh from a bank. Credit line is a fairly new concept in India, and is an arrangement between a bank …
Chinese investors bullish about Indian start-ups; jointly provide $50 mn of funding
A dozen Chinese investors offered at a technology summit on September 25 to jointly provide funding of about $50 million (Rs 334 crore) for Indian start-ups. The investors include a Cyber Carrier, a Hong Kong-based Chinese internet enterprise that has set up a $30 million initiative fund in Janua…
The state of fintech startups in India
When China’s Alibaba opened its wallet last year to invest over half a billion dollars in Paytm, the world of financial technology took notice. However, beyond Paytm, there is a bunch of start-ups engaged in various aspects of fintech, a sector that has seen a funding slowdown this year. Here is …
Lending market in India – rise of the fintech industry !
It would not be an exaggeration to state that the SME sector is one of the most critical contributors to the growth of the Indian economy. Over 51.1 million SME units across the country contribute to about 37% of India’s manufacturing output. The industry also contributes around 7% of the manufa…
Indian fintech investments 2nd largest in Asia-Pacific at $339 mn: Accenture
Investments in Indian financial technology ventures reached USD 339 million till July end this year, the second highest in Asia Pacific after China, a report said. “While China has attracted the most amount of investments, India stands second in the analysis with USD 339 million,” acc…
Fintech start-up hires from Infosys, Edelweiss
Fintech company EarlySalary.com, a mobile-based firm that gives instant credit, has appointed Vivek Jain from Infosys as its new CTO. He will be based in Pune and lead the technology initiatives for the start-up. EarlySalary had appointed Vimal Saboo of Edelweiss group as chief business officer e…