Tagged: india

Bengaluru-based Digital Bank RazorPay Reports “Tremendous Adoption” of Fintech and Virtual Payments Due to COVID-19

Bengaluru-based Digital Bank RazorPay reports that there has been a significant increase in the number of digital payments, following the Coronavirus (COVID-19) outbreak. RazorPay notes in its recent report that only a month into the nationwide lockdown in India, there has been a noticeable shift… Read More

Indian Fintech Firm NIRA Secures $2.1 Million in Capital via Round led by UK, Europe, Local Angel Investors

Mumbai-based Fintech firm NIRA, which provides small-ticket loans to low-income workers via its mobile-based app and website, recently revealed that it has secured $2.1 million in funding through its pre-series A investment round. NIRA’s funding round included contributions from new and existing angel investors based… Read More

WhatsApp Payments Plans to Penetrate India’s Lending Sector, Waiting for Regulatory Clearance

WhatsApp Payments, an in-chat payment feature that lets customers perform transfers through the messaging app to anyone in their contact list, has not achieved mainstream adoption in India. The UPI-based payments service lets users send and receive funds. It has been created by the National… Read More

CoinDCX Lists CRO Token Marking Crypto.com’s Entry into India

CoinDCX, India’s largest crypto exchange, has listed Crypto.com‘s MCO and CRO tokens representing Hong Kong-based Crypto.com’s entrance into the Indian market.  Two trading pairs are now available on CoinDCX: CRO/BTC & CRO/INR. The MCO token is a payment and finance digital asset within the Crypto.com… Read More

Indian Fintech StockEdge Is Offering “Unbiased” Financial Information to Improve Young Indian Investors’ Decision-Making Process

Kolkata-based Fintech firm StockEdge aims to help India’s residents, particularly the younger generations, with learning more about how to responsibly and effectively invest their money in stocks, bonds, funds, and various other financial instruments. As the world struggles to cope with the economic challenges created… Read More

Digital Banking: Israel’s First Neobank, backed by Tata Consultancy Services, to Launch Next Year After Acquiring Banking License

  India-based Tata Consultancy Services Ltd. (TCS), the country’s largest multinational information technology (IT) service and consulting firm, confirmed recently that it will launch the very first all-digital bank in Israel. As previously reported, Tata’s neobank project aims to transform existing business and banking processes…. Read More

India-based Datacultr, a Platform Allowing Consumer Lending Firms to Reduce Risks, to Help Businesses Work Securely During COVID-19 Crisis

India-based Datacultr, a platform as a service provider that allows consumer lending firms to significantly reduce their risk on “new to credit”​ customers, confirmed that it will be enabling banks, non-banking financial companies (NBFCs), and other financial service providers to lend securely while reducing risk… Read More

CPP Group’s India Business Process Management firm Globiva to Extend Product Offering to Overseas Markets

CPP Group Plc (CPP) has confirmed that its Indian-headquartered Business Process Management (BPM) firm Globiva will be extending its product offering to customers based outside of India. The company intends to offer services to clients in the US and the UK. CPP is based in… Read More

Rajashekara Visweswara Maiya: VP and Head of Business Consulting at Finacle Explains How Fintech Firm Helps Businesses with Digital Transformation Processes

Rajashekara Visweswara Maiya, vice president and head of business consulting, cloud and blockchain efforts at Finacle, the developer of a financial software system used by large banks across the globe (serving over 1 billion people), recently shared his views and insights with Crowdfund Insider. Finacle… Read More

Chennai-based Fintech YAP Secures $4.5 Million in Capital via Series A Round led by BEENEXT

Chennai-based YAP, an established API Fintech platform, has secured $4.5 million in capital through a Series A investment round, which was led by BEENEXT, a Singapore-based venture capital company. Other individuals and organizations that took part in YAP’s latest round include: 8i Ventures Fund, The… Read More

Digital Banks: Over 10 Million Filipino Adults are Using Online-Only Banks, Consumers in Other Areas Increasingly Using Neobanks

Digital banks or neobanks have now been around for several years. There are many challenger banks that aim to compete with and provide better financial services than traditional banks and institutions. Conducting transactions online has become more popular due to the deadly Coronavirus (COVID-19) outbreak…. Read More

Indian Fintech PhonePe to Support Home Delivery Options via its Digital Payments App During COVID-19 Crisis

India-based PhonePe, a major digital payments platform, will be supporting delivery as an option through its app. The Bengaluru-headquartered Fintech firm will introduce a feature in the “Stores” section of its app, which will allow users to have groceries and other essentials delivered to their… Read More

Indian Fintech Zaggle, which Leverages AI and Deep Learning, to Hire 100 New Employees Despite Coronavirus (COVID-19) Outbreak

Fintech firm Zaggle, which leverages artificial intelligence (AI) and deep learning to provide innovative solutions to Indian businesses, reportedly had a turnover of around INR 1800 Crores (appr. $237 million) for the 2018-2019 financial year (FY). Zaggle is now expecting to generate INR 3500 Crores… Read More

Scam Alert: HDFC Bank, India’s Largest Private Sector Lender, Warns Consumers About Potential Increase in Fraudulent Activities During COVID-19 Crisis

India-based HDFC Bank, the nation’s largest private sector lender, recently issued a warning regarding a potential increase in fraudulent activities online, including phishing scams. Sameer Ratolikar, chief information security officer at HDFC Bank, said during a conference call that the cybercriminals and hackers could begin… Read More

Indian Fintech Navi Technologies Acquires $26.75 Million in Equity Funding from Gaja Capital, Others

Indian Fintech firm Navi Technologies, a company that aims to make financial services simple, affordable and more accessible, has secured INR 2.04 billion (appr. $26.75 million) in equity funding from Gaja Capital, a Mumbai-based private equity company. Navi aims to develop consumer-centric and technology-driven businesses… Read More

Digital Banking: India’s Jana Small Finance Bank Introduces DIGIGEN, a Neobank with Competitive Interest Rates

Bengaluru-based Jana Small Finance Bank, a scheduled commercial bank, has introduced a new digital banking solution, called DIGIGEN. The neobank will allow users to digitally open a savings account and offers various fixed deposit options, which can be accessed instantly from anywhere at any time…. Read More

Indian Neobank Amica Technologies Secures $2 Million in Funding from Bedrock Capital, Hummingbird Ventures

Neobank Amica Technologies, which is managed by Jitendra Gupta, the former PayU India’s chief executive, has acquired $2 million in capital through an investment round led by two major VC firms, including UK-based Hummingbird Ventures and US-headquartered Bedrock Capital. Gupta said his company is planning… Read More

Indian Fintech Aye Finance Secures $23.8 Million in Debt Funding within 15 Days from Major Local and International Investors

Capital G-backed Aye Finance, a leading Fintech lender, has reportedly secured INR 180 crore (appr. $23.8 million) in debt funding in the past 15 days from several major firms in India and investors located abroad. Aye’s management noted that it managed to acquire these funds… Read More

India-based PayU, a Leading Payment Gateway, Introduces Initiatives to Help Merchants and SMEs Deal with COVID-19 Crisis

India-based PayU, a leading payment gateway, has introduced several projects and measures,  in order to assist local vendors, small and medium enterprises (SMEs), and business owners in dealing with the disruption due to the Coronavirus (COVID-19) outbreak. The initiatives launched by PayU will help businesses… Read More

ICICI Bank Debuts Banking Services on WhatsApp

India-based banking group Icici Bank announced on Monday it has launched its banking services on WhatsApp in oder to enable retail customers to undertake in a “slew of banking requirements” from their home.  Anup Bagchi, Executive Director, ICICI Bank, stated that through WhatsApp, retail customers may… Read More

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