Tag: India

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.

Indian lending startup CreditMate has raised $500,000 from early-stage investor India Quotient. The Mumbai-based startup focuses on financing users against used two-wheeled vehicles.

Lending startup KredX has raised $6.25m in a Series A round led by Sequoia Capital India. The round also saw existing backer Prime Venture Partners participate.

Indian online lending firm Lendingkart has acqui-hired the team behind personal loans marketplace KountMoney. The financial terms of the deal are undisclosed.

Indian FinTech company FinWizard has raised $1.1m in a funding round from Saama Capital. The Bengalruu-based company runs wealth management app Fisdom.

CloudPay is partnering with Indian enterprise software maker Ramco Systems to bring cloud-based payroll systems to more multinational organisations.

Unocoin has grabbed a $1.5m funding round for its bitcoin platform. It will use the capital for product developments and to expand the business and team.