Tag: India

Indian investment platform Finvasia has raised an undisclosed round of funding in its pre-launch phase. The investment comes from Indian VC Intrinsic and values the company at Rs150 crore ($22m).

One97 Communications, which operates Indian m-commerce platform Paytm, has raised $60m as a first step towards reaching a targeted $300m for its new round of funding.

LoanTap, a Mumbai-based online lender, has raised $3m in a Series A round. The capital comes from angel investors.

Indian digital wallet MobiKwik has secured a deal with South African mobile payments firm Net1 that will see it receive $40m over two years as a strategic investment.

InCred, an Indian alternative lender has raised $75m in the largest round for an Indian FinTech startup so far this year.

Digital signature startup Digio has raised $400,000 in a pre-Series A round of funding. The capital for the Bengaluru-based company comes from Rainmatter Technologies.

Enterprise software provider Speridian Technologies has acquired a majority stake in FinTech company Sesame Software, specialised in banking solutions.

Peer-to-peer lending firm Faircent says it’s attracted more than 6,000 registered lenders and 26,000 borrowers.

Fusion Microfinance, an Indian startup focusing on providing loans to women in underserved areas, has raised $24m in a Series D round.

Union Bank of India is launching a mobile app designed to let customers control their credit card usage.