Posts Tagged ‘India’

Digital Lending Startup NIRA Raises $1 Mn in Seed Funding from Angel in India and UK

Bangalore-based NIRA, a consumer finance fintech venture focused on financial inclusion, has raised $1 million seed funding from angel investors in the UK and India. NIRA provides small credit to consumers with limited access to traditional avenues of finance. NIRA will use the latest funding to accelerate building out the core team and technology to […]

Ibibo Founder Launches AI-based FinTech Startup INDwealth; Raises $30 Mn from Steadview Capital

INDWealth, an AI and machine learning-based wealth management and advisory platform, will offer a slew of services to high net worth and ultra high net worth individuals. Its a full stack personal finance platform that aims to provide solutions to investors ranging from wealth management, investments, micro-savings, taxation, lending, expense management, and portfolio management.  The […]

Meet The 11 Fintech Startups From Financial Inclusion Lab

The Financial Inclusion Lab, a part of IIMA-CIIE’s Bharat Inclusion Initiative, has selected 11 fintech innovators for its first intake to the lab, where they will receive mentorship and guidance. The 11 selected startups are: Easyplan ExpressMojo Finlok GramCover Jai Kisan Kaarva MunshiG Navaana Tech SureClaim WonderLend Hubs XtraCap Read more

India startup funding: Fintech, Foodtech find favour with investors as of September 2018

Fintech and Financial Services have cornered a huge chunk of the funding raised this year. Fintech startups accounted for 99 of the 660 deals made this year — $1.60 billion of the total equity funding raised ($9.14 billion). Financial services accounted for $248 million across 16 deals. Other sectors that found favour with investors in the […]

RBI’s local data storage norms kick in today; foreign firms seek more time

Reserve Bank of India (RBI), the country’s central bank and regulator, had made it clear that global payment companies will have to store transaction data of Indian customers within India. The RBI’s deadline for global fintech companies to comply with its data localisation norms kicks in on Monday. Senior officials said the deadline will not be deferred […]

Software, consumer items, fintech account for 63% of venture funding: study

Three sectors — namely software and internet services, consumer products and services, and fintech and payments — account for 63 per cent of the companies nationally that received venture funding, according to a study by the Indian Institute of Technology, Madras. The institute released its 10th annual report on Indian venture capital and private equity […]

India’s Central Bank Did Not Establish Blockchain, Cryptocurrency Unit: Report

The Reserve Bank of India (RBI) has denied the creation of a new internal unit dedicated to cryptocurrency, blockchain and AI research. In late August, India’s most-popular financial daily, the Economic Times, reported that the RBI had formed a new unit for researching and even regulating disruptive technologies like blockchain. The unit had been operational for […]

Investors race to smaller towns in search of their next big unicorn

Low cost of running business and the potential of high net returns are some of the key reasons why startup investors with heavy pockets are going to Tier 2-3 cities in search of their next unicorn. According to Anil Joshi, managing partner, Unicorn Ventures, government initiatives to set up incubation centres is creating a fertile startup […]

Fintech Platform For Gig Workers Bon Raises $1 Mn Seed Funding

Pune-based financial services company for gig economy workers Bon has raised $1.08 Mn (INR 7.8 Cr) in a Seed Round led by Silicon Valley-based impact investing firm Omidyar Network. Early-stage investment firm Axilor Ventures and Better Capital’s AngelList India Syndicate also participated in the funding round. The startup plans to use the funding to further partnerships […]

Fintech festival in Vizag to attract 2,500 delegates

More than 75 renowned speakers and 2,500 delegates from India and across the globe have confirmed their participation in the Fintech Festival being organised from October 22 to 26 in Visakhapatnam. More than 40 exhibitors, including Fintech startup ecosystem players, would attend the event. Vizag Fintech Festival 2018 will feature a series of events including […]