Discover 23 articles related to Fintech
Yenmo, a Bengaluru-based fintech startup, has raised ₹9.2 crore in a Y Combinator-led round. The company is on a mission to introduce ‘Good Loans’—a responsible, transparent, and customer-first approach to lending in India. The funding will help scale its operations and strengthen its technology-driven credit assessment system.
Punch, a stock trading platform founded by industry veterans, is raising an additional $3 million in an extended seed round to fuel its growth and expansion plans. The company, backed by Kunal Shah, continues to attract investor interest as it builds a next-generation trading experience for retail investors.
Deciml, founded by Satyajeet Kunjeer in 2020, has raised $3 million in a seed funding round led by Jainam Broking Limited. The platform's innovative approach automatically invests users' spare change into mutual funds, simplifying the investment process. The funds will be utilized for user acquisition, product enhancement, and team expansion.
Mintoak, a Mumbai-based fintech firm supported by Pravega Ventures, HDFC Bank, and PayPal, has acquired Digiledge to improve its digital payment solutions for small businesses. This acquisition will integrate bill payments and CBDC technology into Mintoak’s platforms, helping it compete with industry leaders like PhonePe, Paytm, and BharatPe.
Jitendra Gupta, CEO of Jupiter, discusses the importance of fintech-bank partnerships in reshaping India's financial landscape. He points out the disconnect between banks’ revenue models and consumers’ financial objectives, arguing that collaboration is the key to bridging this gap and creating better financial products.
HiWiPay, a Mumbai-based cross-border payments platform, has raised $2 million in seed funding led by Unicorn India Ventures. The funds will be used to expand trade remittance services and scale operations in the education remittance sector.
Technodysis, a Bengaluru-based IT services startup founded by CEO Nithyananda Nayak, has secured ₹10 crore in debt funding from Recur Club. The funds will support the company's operational expansion, product development, and international market growth.
Bengaluru-based ToneTag raises $78 million in Series B2 funding, marking its first major investment in seven years. The firm, backed by Amazon, specializes in sound-based contactless payments.
Fintech startup Rupeeflo raised $1 million from Piper Serica to streamline NRI investments in India. Funds will enhance digital banking, expand globally, and simplify financial access for NRIs.
Infinity, a neo-banking startup, raised $1.9 million to streamline cross-border payments for MSMEs. By bypassing SWIFT, it offers faster settlements, lower fees, and transparent forex rates, enhancing global trade efficiency.
In celebration of National Startup Day on January 16, YourStory will present 'The Great Indian Startup Showcase,' a live marathon event spotlighting more than 200 early-stage startups from across India. This initiative aims to highlight the innovation, resilience, and creativity driving the nation's entrepreneurial ecosystem.
GrayQuest, a leading Indian fintech firm specializing in educational fee payment solutions, has secured ₹80 crore (approximately $9.3 million) in a Series B funding round. The investment was led by IIFL Fintech Fund and Claypond Capital, the family office of Manipal Group chairman Ranjan Pai, with participation from existing investor Pravega Ventures. This funding will support GrayQuest's plans to enhance its technology platform and expand its reach to more educational institutions nationwide.
MobiKwik's Q2 FY25 results signal a strong push toward profitability, with revenue soaring 43% year-over-year to ₹291 crore and net losses halving to ₹3.5 crore. Driven by robust growth in payment services and an expanding user base, the fintech giant is on track to solidify its position in the digital payments sector.
Curie Money, a Bengaluru-based fintech startup, has raised $1.2 million in seed funding led by India Quotient. The startup combines mutual fund investments with traditional savings accounts, offering users up to 7.3% annual returns while maintaining instant payment capabilities. With partnerships like YES Bank and ICICI Prudential Mutual Fund, and approval from NPCI to offer UPI services, Curie Money aims to revolutionize banking. The funds will fuel product development, team expansion, and growth into current accounts and MSME markets, solidifying its position in India’s dynamic fintech ecosystem.
CredFlow has raised $3.7 million in pre-Series B funding led by Inflexor Ventures. The funds will accelerate its lending arm, CredFlow Finance, and scale its SME-focused solutions, including KuberX, a credit-scoring app. With this strategic investment, CredFlow is poised to transform financial management for SMEs in India.
Groww’s $160M tax payment as it shifts its headquarters from the U.S. back to India signals a larger wave of startup relocations. Amid India’s booming IPO market and favorable regulations, many startups are choosing to return, driven by the promise of better growth opportunities and regulatory alignment.
Febi.ai, a cutting-edge platform for accounting and bookkeeping, has raised $2 million in its pre-Series A round, co-led by Lumis Partners, former JP Morgan executive Virender Rana, and Lenskart co-founder Amit Chaudhary. Additional investors include Padmaja Ruparel (Indian Angel Network), Rohan Bhargava (Cashkaro), and Rajat Jain (Fino Payments Bank). The funds will be used to boost Febi.ai’s AI capabilities for automating accounting and tax compliance, expand customer acquisition efforts, and grow its workforce. Founded in 2022, Febi.ai provides real-time insights to startups and medium-sized businesses, offering effective documentation management and compliance solutions. As part of India’s rapidly expanding AI sector, Febi.ai joins other startups leveraging AI to revolutionize financial operations.
CRED, a leading Indian fintech startup, has introduced CRED Money, a new feature designed to consolidate and analyze users' financial data across multiple bank accounts. This tool provides a unified dashboard for tracking transactions, recurring payments, and investments, while offering reminders and categorization options to streamline financial management. Leveraging India's account aggregator framework, CRED Money enhances transparency and user control over personal data. Although the feature is not monetized, it uses advanced data science algorithms to deliver actionable insights, helping users identify spending patterns and optimize their finances. This initiative reflects CRED's commitment to improving financial management for its affluent user base.
Finsall, a BNPL startup specializing in insurance, has raised INR 15 crore in a bridge funding round led by Unicorn India Ventures and Seafund, supported by other institutional investors. The funding will enable the establishment of a Non-Banking Financial Company (NBFC) to expand lending operations and enhance customer value in insurance premium financing. The company also plans technological enhancements to improve interfaces for insurance companies and lending partners. These funds will also assist Finsall in forming strategic partnerships with insurers, intermediaries, and lenders, expanding its service offerings and distribution channels. CEO Tim Mathews highlighted the importance of this investment in scaling operations and pioneering in the insurance premium financing sector, aiming for substantial market growth.
This Week in Startups with Entrepreneurship Studio. Stay ahead in the dynamic world of startups with Entrepreneurship Studio’s latest updates: New Fund Alert: ThinKuvate, a Singaporean investment firm, launches a Rs 100 crore fund to invest in tech startups across India, focusing on innovative, revenue-generating companies in cities like Nagpur, Bangalore, and Chennai. Tech Collaboration: E2E Cloud partners with Atal Incubation Centre to boost India's AI and deeptech sectors, providing cutting-edge GPU resources to help startups scale and innovate. Global Aspirations: Amazon India kicks off the fourth season of its Propel Global Business Accelerator, aiming to help consumer product startups reach international markets and contribute to India's growing e-commerce exports. Dive into these stories and more to discover the entrepreneurial ventures and innovations shaping India’s economic landscape. Explore the full details on our website!
Jio Financial Services seeks shareholder approval to raise foreign investment limits to 49% and transition into a Core Investment Company (CIC). This strategic move will enable the company to expand into asset management, insurance, and more, enhancing its service offerings. Additionally, Jio Financial reports a steady increase in profits, driven by efficient tax management and profitable joint ventures, including a significant collaboration with BlackRock. Shareholders can participate in the decision-making through e-voting from May 24 to June 22.
Pine Labs, a fintech giant valued at over $5 billion, has just secured approval for a strategic merger of its Singapore and Indian entities, marking a significant realignment towards its operations in India. This move, supported by leading investors including Fidelity and PayPal, signifies a broader trend of Indian startups repatriating their bases to leverage the growing confidence in India's economic and regulatory frameworks. At Entrepreneurship Studio, we delve into the implications of Pine Labs' operational shift and explore what this means for the market dynamics and the broader startup ecosystem in India.
Paytm Shares Drop Below Rs 400 as Paytm's UPI market share falls from 11% in February to 9% in March