Indian fintech lender KreditBee boosts record Series C with extra $70m
KreditBee’s fresh funding also saw the exit of Finnov’s Chinese investors.
Asia
Sheroes Money is banking on India’s female entrepreneurs
India is home to just two self-made female billionaires.
New central bank rules push Pakistan’s banks towards digital payments
All Pakistani banks will need to provide debit cards to users who don’t already have one.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
Indian start-up Zaggle registers new fintech ZikZuk to offer SMEs credit
In the next two years, ZikZuk intends to take itself across the globe.
Ethical challenger algbra banks on tech to define it in “fintech gold rush”
“We’re building a backend on a global level,” says co-founder.
India’s central bank to stop digital platforms from storing card details
It will affect players as large as Amazon, Google, and Flipkart.
Indian challenger Open buys Optobizz, banks another 800,000 SMEs
By the end of this year, Open wants to turn 1.8m into 5m customers.
Oraan CEO: Women in finance weren’t welcomed in Pakistan
Oraan’s research found that savings – particularly for women – just wasn’t tapped into.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
Revolut sets sights on India with remittance service
The firm is in talks with the Reserve Bank of India, local banks and fintech start-ups.
The 2020s: how the way we pay will change forever
Consumers started to move from contactless to contact-free in 2020.
The end to end benefits of cloud first transformation
Cloud has become a go-to technology for many in the financial services industry.
Tide gears up for international expansion to India
The fintech says it will bring the exact same offering it has in the UK, to India.
Pakistan launches new instant payment system Raast
Government hopes Raast can host a collection of payment types.
CoinSwitch Kuber’s $15m Series A marks Ribbit Capital’s first Indian crypto deal
CoinSwitch Kuber is gunning for ten million users this year.
India’s Udaan lands $280m in Series D funding
B2B payments firm reaches total funding of $1.2 billion.
India plans new bank to support $1.5trn infrastructure revamp
Prime minister Modi is expected to announce the news next month.
Mambu raises €110m to hit €1.7bn valuation
Cloud core banking vendor has raised over €150m since launch.
2020 in review: Top core banking stories
We run down the most interesting core banking stories from this year.
Digitalisation landscape in Pakistan – a tech view
The digital and tech teams of the banks need to “think out of the bank”.
Central Bank of Sri Lanka picks SimCorp Dimension for reserve management
CBSL selected SimCorp as part of an ongoing revamp.
Indian challenger Finwego looks to lend to private schools
The neobank claims to work with 700 partners already.
Indian payments fintech Cashfree lands Apis-led $35m Series B
Cashfree counts more than 50,000 businesses as customers.
New challenger Klear emerges in India
Klear promises an “approachable and easy” way to understand financial health.
One of Turkey’s largest fintechs Papara gears up for expansion
It launched in 2016 and became cash flow positive in 2017.
SBM Bank India plans challenger for emerging affluent market
SBM is partnering up with PayNearby for its initial stages.
PayNearby turning India’s small-time retailers into ATMs and bank branches
“I wanted to take high-end tech to the bottom of the pyramid,” says CEO.
Report: Three key strategies for customer experience success
In-depth industry report on customer experience, featuring expert insights from Mettle, HSBC & Northwestern Mutual.
Banking Technology November 2020 issue out now
Without limits: The Barclays accelerator races ahead
WhatsApp Pay finally gets green light from Indian regulators
The launch has been delayed for years since its beta testing in 2018.
Indian start-up Payzello combines debit, credit and forex into one card
Payzello was founded by 26-year old college dropout, Pruthiraj Rath.
India’s Wipro to buy Finastra partner Encore Theme Technologies
Encore Theme claims to be one of Finastra’s “fastest growing partners”.
Meezan Bank picks BPC’s SmartVista to revamp payments
Meezan is deploying SmartVista for payment authorisation, card management, and more.
Indian regulator IFSCA opens fintech regulatory sandbox for applicants
Once the regulator has decided on applicants, it will determine the conditions of the sandbox.
Major Indian IT firm TCS in talks to buy Deutsche’s Postbank tech unit
Postbank Systems provides IT services to Postbank, which Deutsche bought back in 2010.
Fintech Razorpay becomes India’s fifth unicorn during COVID-19
By 2025, Razorpay wants to have 50 million business customers.
Indian crypto exchange Unocoin is raising $5m with Draper’s help
Unocoin allows users to trade in bitcoin (BTC), ether (ETH) and tether (USDT).
Goldman Sachs-backed Kaspi revives London IPO plans
The fintech holds a 65% market share of Kazakhstan’s digital payments flow.
Bank of Baroda searches for new digital lending platform
Bank of Baroda searches for new digital lending platform.
