Tag: India

Payments network Ingenico is acquiring Indian electronic payments provider Tech Process. The financial terms of the deal are undisclosed.

SME lender Loan Frame has picked up $2.25m in a seed round led by Vedanta Capital.

Indian mobile payments and financial services startup instantPay has raised about $5m in a pre-Series A round of funding. The capital comes from RB Investments and Kaleden Holdings.

Indian real estate marketplace NoBroker has raised $7m in new funding led by Korean investor KTB Ventures. The funding is an extension of its $10m Series B round.

Indifi Technologies has raised $10m in a new round of funding led by Omidyar Network. The New Delhi-based company aims to help MSMEs to secure loans.

Point of sale consumer lending startup ZestMoney has picked up $6.5m in Series A funding. The round was led by Indian online payments firm PayU.

Delhi-based credit underwriting and analytics startup IndiaLends has attracted American Express’ venture arms for its $4m funding round.

Indian startup Affordplan has picked up $3m in a Series A round of led by Prime Venture Partners with Kalaari Capital also participating.

Small business lender Aye Finance has raised $10.3m in a Series B round led by LGT IV. Existing backers SAIF Partners and Accion also contributed to the round.

MPOWER Financing has raised $6m in a Series A round led by private equity firm Zephyr Peacock India. The Washington DC and Bangalore-based company aims to help finance international students.