Posts Tagged ‘India’

Flipkart Seeking NBFC License; Soon to Venture into Fintech Space

Flipkart is planning to offer credit and insurance products to its customers and sellers. Several Indian publications reported that the Bangalore based company is right now in the middle of applying for its NBFC license. The credit option would be first made available to its Flipkart’s sellers and customers and with time, the company will […]

India’s newest unicorn is disrupting a 200-year-old industry

A 10-year-old Gurugram-based online insurance aggregator PolicyBazaar has joined the growing list of Indian unicorns. The company said it had raised over $200 million (Rs1,330 crore) in a funding round led by Softbank, with participation from existing investors, including InfoEdge, which operates job site Naukri.com. PolicyBazaar aggregates insurance plans and serves as a marketplace for policies. It […]

Fintech Startup Sqrrl Raises $1 Mn From Equanimity Venture Fund

App-based investment platform Sqrrl Fintech has raised $1 Mn in its Pre-Series A round of funding from Equanimity Venture Fund. The Gurugram-based startup plans to use the funding to invest in new age technologies, particularly machine learning and artificial intelligence, to sharpen its product recommendation and further smoothen its on-boarding process. Sqrrl app is aimed at […]

Swiggy enters unicorn club, raises $210 million from DST Global, Naspers

Food delivery continues to determine the flow of big capital in India’s startup ecosystem with Swiggy being the latest to join the race. The food delivery startup has raised $210 million in its latest round of funding with Russian billionaire Yuri Milner’s DST Global and existing backer Naspers leading a $210 million round in the […]

Fintech India 50

LATTICE80 in collaboration with Fintech Asia presents the latest list of 50 top fintech companies you need to know in India. View the list

India pole vaults to top 5 nations in FinTech, says Amitabh Kant. Guess how much was invested in 2017

The number of deals happening in the financial technology space of India has witnessed a sharp increase from 2014 onwards. In 2017 itself, the sector saw an investment of $3 billion coming in, tweeted NITI Aayog CEO. A few days back, Amitabh Kant had said that low cost Internet based transactions and business efficiency due to […]

GSF Opens Applications for ‘FinTech Accelerator 2018’ with Bid to Invest up to $200k

GSF India’s foremost tech accelerator is inviting applications for a special batch focused on fintech, and is looking for startups who think they can disrupt the financial industry in India. The startups should typically have a founding team of 2-3 members and MVP with customers (either in pilot or paying). GSF Accelerator will invest between $100,000 […]

Where Is Amazon Investing In Fintech?

In recent months, Amazon has been investing heavily in fintech initiatives with a particular focus on the huge, high-growth Indian market. Amazon appears to see India’s size, growth potential and addressable financial market as a golden opportunity for fintech investments. Recently, it was reported the company will raise its total investment in India from $5 billion […]

These five startups are taking fintech to the last mile

Catalyst, an initiative funded by USAID, recently launched a new business incubator branded under Fintech for the Last Mile. It aims to support new entrepreneurs focused on developing innovative, scalable digital finance solutions for mass, complex use cases.  The initiative aims to expand digital payments and financial inclusion in India, especially for small merchants and low-income […]

India: Multi-Million Cryptocurrency Scam Busted After Investors Alert Police

The crime branch of India’s financial capital busted a multi-million cryptocurrency scam on June 5, 2018. Operating under the guise of a real estate company since 2016, The Flintstone group sold a lifestyle of Carribean homes and promised citizenships in African countries to disgruntled investors on the pretext of letting them in on a “soon-to-be-legal” […]