Posts Tagged ‘India’

American investor Warren Buffett sets his eyes on India’s fintech market

US business magnate Warren Buffett has made a surprise entry into India’s digital payment market, with his Berkshire Hathaway reportedly injecting some $360 million into Paytm, India’s largest digital payments platform. Warren Buffett’s investment would not only give Berkshire Hathaway a three to four percent stake in One97 Communications Ltd, the parent company of Paytm, […]

List of top 10 fintech startups focused on SME lending in India

The Indian government is pushing the SME industry in order to help this largely unorganized industry, that employs more than 70 million Indians. As the industry is given a boost, it will need additional funding to scale these small businesses to grow. While the banks have been inefficient in providing the required loans to facilitate […]

ZestMoney Receives $13.4 million in Series A2 Funding

ZestMoney, an online transactional credit provider raised $13.4 million in its Series A2 funding. The funding will strengthen its tech & data science capabilities as well as its core ZestMoney Affordability product. The current round brings a total company funding to $22 million with Xiaomi at the forefront. It was PayU who led the company’s […]

Meet the 20 top-funded fintech companies in India

India is a hotbed for fintech innovation. Which company in the country is most likely to challenge the status quo in the finance industry? An imperfect way to judge would be the amount of money they have raised. Using its data, Tech in Asia has generated a constantly updated list of 20 fintech companies in […]

JP Morgan, IIMA-CIIE To Setup Financial Inclusion Lab To Incubate Fintech Startups

Global banking and financial services provider JP Morgan has collaborated with IIMA-CIIE to set up a Financial Inclusion Lab worth $9.5 Mn, aimed at identifying and bringing to scale early-stage Indian fintech startups. JP Morgan will provide up to $7 Mn over the next four years towards this initiative. This would be the largest philanthropic commitment […]

Indian State Government Works with Tech Mahindra to Build a Blockchain District

The Telangana state government has partnered with the multinational IT services giant Tech Mahindra, an IT services giant headquartered in India, to build a “blockchain district” within the capital of the state dedicated to blockchain startups. The blockchain district will occupy an area inside Hyderabad – the state’s capital city – with physical buildings to house and […]

Indian police bust $4M ‘Ripple Future’ cryptocurrency scam

In the latest crypto-bust, Indian police arrested two suspects for allegedly duping 300 million Indian Rupees ($4 million approximately) from 1,800 people. The accused were running a fake cryptocurrency company named ‘Ripple Future,’ which promised to triple investor money in 250 days, and also ran daily and weekly payment schemes. The Ripple Future management team claimed […]

Freshworks raises $100 million, becomes India’s newest unicorn

Customer engagement software maker Freshworks has secured $100 million in a series G financing round that values it at about $1.5 billion, making it India’s latest unicorn. The infusion, led by Sequoia and Accel Partners, will be used to expand Freshworks’ global footprint as well as continue investment in its integrated Software-as-a-Service platform. Freshworks has more than […]

Mumbai-based fintech startup PaySense raises $18 million from PayU, Jungle Ventures and Nexus Venture Partners

PaySense raised $18 million in series B round of funding led by PayU. Other investors that participated in the round included existing investors Jungle Ventures and Nexus Venture Partners. PaySense offers individuals credit options ranging from Rs. 5,000 to Rs. 2 lakh and also carries out the credit scoring and documentation processes using India Stack. In […]

We would like to keep investing in emerging fintech companies in India: PayU

The digital payment services company PayU offers consumer credit through its deferred payment facility LazyPay, and is piloting Monedo, an instant loan product. Fortune India spoke to the company’s India CEO, Amrish Rau, who believes mobile wallets are dead, and says PayU wants to grow its credit business and invest in smaller companies. Read the interview