India’s Open buys neobanking start-up Finin in $10m deal
Open CEO Anish Achuthan says the acquisition will complement his firm’s BankingStack enterprise offering.
Open CEO Anish Achuthan says the acquisition will complement his firm’s BankingStack enterprise offering.
The partnership will see 1,000 Smart Cash franchises opened in underbanked areas.
“BNPL is growing at a breakneck speed in India,” says CEO Nitin Gupta.
Cash injection will be used to further develop its product offerings and hire more staff.
Fast-growing Indian e-commerce sector is in the company’s sights with its cardless payments offerings.
Open says Zwitch has already helped 10 start-ups embed financial services.
Scheduling of bill points to government’s stance despite speculation over rethink.
HCL will set up a co-innovation lab in Brussels to explore emerging technologies.
The firm says it can help users send trackable and shareable invoices to clients to manage their payments.
Drip provides SMEs across India, Mexico and the US access to collateral-free credit.
The e-filing company will also broaden its offering to people and businesses.
Groww will use the cash to expand its reach into underserved parts of India.
The acquisition reflects a broader investment strategy in India, the fintech says.
Fintech aims to incentivise members to pay credit card bills on time.
CEO says firm will also “double down” on growth in India and Dubai.
Open raises $100 million to expand into new markets, including the US.
Significant investments in data science, machine learning, and AI are in the pipeline.
The investment brings Capital Float’s total money raised to date to over $600m.
The investment underlines Zip’s strategy to capitalise on the high-growth Indian BNPL market.
The neobank’s new suite of products will help new arrivals to the US build credit.
The Indian fintech has now raised $700 million this year.
Innoviti says it is committed to building a cashless India, driving financial inclusion across the country.
New programme aims to extend financial services to millions of new customers.
The front-to-back operation is set to be a major undertaking.
Dutch e-commerce firm spends big to deepen footprint in India.
India’s central bank is still being “extremely careful” about its tests.
The Indian firm provides tools for the country’s 67m small and medium-sized businesses.
M&E fintechs will be launched in part using the company’s blockchain platform.
The round included participation from e-commerce giant Amazon.
The round was led by Facebook co-founder Eduardo Saverin’s B Capital Group and returning investors.
The start-up has now raised around $71 million in total.
The company says the investment takes its valuation up to $2.85 billion.
Addis International Bank, Arab Commercial Bank, and OmniBSIC Bank are the new Flexcube takers.
The consortium promises the creation of a secure environment for processing letters of credit.
Delhi-based fintech uses AI to determine students’ future income.
The firm plans to use the funds to strengthen its payment network and explore new acquisitions.
RBI claims Mastercard Asia/Pacific has failed to comply with an earlier directive on data storage.
The round was led by SoftBank’s Vision Fund 2 and Tiger Global.
Bambu plans to tap into Tradesocio’s presence across EMEA and India.
The IPO forms part of the company’s “IPO 2022 campaign”.