Tag: India

Mobile-based financial service company Paytm is reportedly close to closing a new $2bn funding round, which would value it at $16bn.

Neo bank Juno has reportedly raised $3m in a seed funding round led by Polychain Capital and Sequoia Capital India’s accelerator Surge.

Google Pay is expanding in India with a new platform for merchants. The Spot Platform will empower businesses owners to create branded commercial experiences that bridge the offline and online worlds.

Bangalore-based OKCredit has completed a $67m Series B funding round led by Lightspeed Venture Partners and Tiger Global as the country’s FinTech scene has raised over $13bn since 2014.

Indian FinTech unicorn Paytm lost $549m in the financial year ending in March.

India’s YES Bank will leverage Microsoft’s cognitive services to power its AI-enabled chatbot YES ROBOT, in new partnership.

A committee on FinTech headed by India’s economic affairs secretary has submitted a comprehensive legal framework about how the sector should be regulated in the future.

Digital payments in India have grown by 12.7% over the last year, according to a new report by accountancy giant KPMG.

The FinTech startup CRED has developed a credit card management app to give customers in its native India better credit scores. And it just raised $120m to continue doing so.

Lendingkart, an India-based SME lending platform, has reportedly raised $2.95m, just days after closing its Series D on $30m.