Tag: PhonePe

India’s government incentivises FinTechs with 50-year interest free loans in 2024

Key Indian FinTech investment stats in 2023: • Indian FinTech companies raised a combined $3.2bn in 2023, a 49% drop from 2022 • Indian FinTech deal...

Lending Technology deals surge as Indian FinTech investment halves in 2023

Key Indian FinTech investment stats in 2023: • Indian FinTech companies raised a combined $3.2bn in 2023, a 49% drop from 2022 • Indian FinTech deal...

India’s InsurTech sensation InsuranceDekho clinches $60m

India's InsurTech startup InsuranceDekho, which emerged from the automobile marketplace group CarDekho, has successfully secured $60m in its latest fundraising effort.

PhonePe launches innovative stock broking app

Mobile payments app PhonePe announced today that its subsidiary, PhonePe Wealth Broking, has launched an innovative stock broking app.

Global FinTech deal activity dropped 42% in May 2023 YoY

Key Global FinTech investment stats in May 2023: • FinTech deal activity reached 452 transactions in May 2023, a 42% drop from May 2022 • FinTech...

Global FinTech deal activity drops 12% in April 2023 YoY

Key global FinTech investment stats in April 2023: • Global FinTech deal activity reached 475 transactions in April 2023, a 12% decrease from April 2022 •...

PayTech accounts for 9.7% of global FinTech deals in Q1 2023

Key PayTech investment stats in Q1 2023: • PayTech accounted for 9.7% of global FinTech deals in Q1 2023 with 132 deals • The PayTech subsector...

PhonePe nets yet another $100m as billion-dollar funding plan continues

PhonePe, an Indian payments application, has netted yet another $100m in funding as it continues its path to raising $1bn in funding.

India’s PhonePe nets further $200m as part of $1bn funding plan

Indian FinTech giant PhonePe has raised $200m in a primary capital investment from Walmart. PhonePe’s pre-money valuation was $12bn.

PhonePe continues funding spree with $100m raise

PhonePe, an Indian FinTech, has raised another $100m in primary capital as the company continues to go on a funding spree.

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