Fintech funding deals globally 5-11 April 2021
Featuring CRED, OneStream Software, Loopio, Patreon, and Ramp.
India
Tide signs deal with RBL Bank to underpin Indian expansion
The UK firm is seeking 25,000 new customers in the country.
Fintech funding deals globally 29 March – 4 April 2021
Featuring HighRadius, Next Insurance, dLocal, Pipe Dream Technologies, and Paidy.
Indian fintech lender KreditBee boosts record Series C with extra $70m
KreditBee’s fresh funding also saw the exit of Finnov’s Chinese investors.
Sheroes Money is banking on India’s female entrepreneurs
India is home to just two self-made female billionaires.
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.
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.
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.
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.
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.
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.
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.
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”.
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).
Bank of Baroda searches for new digital lending platform
Bank of Baroda searches for new digital lending platform.
State Bank of India boosts ATM and POS infrastructure with ACI Worldwide
The two companies have a longstanding partnership on payments.
Singapore fintech Atlantis enters India with challenger Neo
Atlantis believes market adoption in India will be particularly successful.
India’s ICICI Bank uses satellite data for farmers’ credit assessments
The bank wants to scale up the service to 63,000 villages.
Indian watchdog rejects WhatsApp Pay antitrust complaint
The Competition Commission of India dismisses complaint about new market entrant.
Federal Bank selects Fiserv FirstVision to support new credit card
The Indian bank needed a solution to power end-to-end issuance and processing.
India’s BaaS Nuclei brings train tickets to banking apps
Nuclei currently has 16 bank customers across India and the Middle East.
Bank of Baroda credit card subsidiary picks Fiserv’s FirstVision
FirstVision will be deployed on an outsourced basis.
UAE’s remittance fintech Denarii Cash expands beyond Middle East
The new corridors span the Middle East, and into South East Asia and Africa.
India’s large FIs “don’t believe in their youngsters” says Slice CEO
“All the banks see is risk,” Slice’s CEO Rajan Bajaj tells FinTech Futures.
SoftBank-backed Policybazaar aims for 2021 IPO at $3.5bn valuation
Policybazaar expects to return to profitability by the end of this year.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
Paytm to buy insurance firm Raheja QBE for $76m
Raheja QBE has around 41,000 customers.
