Tag: India
Koshex said to close $2.1m in seed funding for investing app
India-based FinTech company Koshex has reportedly raised $2.1m in its seed funding round, which was led by Y Combinator.
State Bank of India backs Pine Labs with $20m investment
Indian buy now, pay later (BNPL) firm Pine Labs has secured a $20m investment from the State Bank of India, the largest commercial bank in the country.
FinTech unicorn Pine Labs raises more capital
FinTech unicorn Pine Labs has received a $50m investment from London-headquartered investment firm Vitruvian Partners.
RBI bars Paytm Payments from customer onboarding amid concerns
The Reserve Bank of India (RBI) has directed Paytm Payments Bank to stop onboarding new customers due to ‘certain material supervisory concerns’ observed in the bank.
India’s Money View hits $625m valuation
India-based FinTech platform Money View has closed its Series D funding round on $75m, which values the business at $625m.
Neobank Open becomes India’s 100th unicorn
Indian neobank Open has reportedly become the 100th unicorn in India, after it closed a Series D.
Sokin brings digital payments wallet to remittance giant India
Next-generation payments provider Sokin has launched its digital payments wallet in India, a market that generates a huge $87bn in remittances per year.
India’s Perfios hits $2bn valuation after Series C close
India-based Perfios, which builds financial statement analysis software, has reportedly reached a valuation of more than $2bn.
Indian neo bank Niyo scores $100m Series C
Consumer neo-banking platform Niyo has raised $100m for its Series C, as it looks to shift gear on its mission to transform banking in India.
India’s KarmaLife raises pre-Series A
Real-time credit solution provider KarmaLife has reportedly netted $2.2m in its pre-Series A funding round.