Tag: India

India-based FinTech company Koshex has reportedly raised $2.1m in its seed funding round, which was led by Y Combinator.

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 has received a $50m investment from London-headquartered investment firm Vitruvian Partners.

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-based FinTech platform Money View has closed its Series D funding round on $75m, which values the business at $625m.

Indian neobank Open has reportedly become the 100th unicorn in India, after it closed a Series D.

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-based Perfios, which builds financial statement analysis software, has reportedly reached a valuation of more than $2bn.

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.

Real-time credit solution provider KarmaLife has reportedly netted $2.2m in its pre-Series A funding round.