Tag: India
Reserve Bank of India toughens KYC for payments banks
The Reserve Bank of India (RBI) has issued a letter to India’s payments banks, tightening the regulations around KYC, while on-boarding customers.
Tech Mahindra, ContextSpace launch software privacy ecosystem
Indian IT business Tech Mahindra has partnered with Israeli firm ContextSpace Solutions to develop the world's first global software privacy ecosystem.
SmartStream opens Jaipur office to support tier 1 bank client
SmartStream Technologies, which is a global software and managed services provider, has opened an office in Jaipur, India to service a tier one investment bank.
Softbank looks to sell Snapdeal’s FreeCharge for less than 50%
Japanese web giant and investor SoftBank is reportedly in talks to sell Snapdeal-owned mobile wallet FreeCharge for as little as $150m to $200m.
Perfios nabs $6.1m to crunch data for banks
FinTech data startup Perfios has raised $6.1m in a Series A round from Bessemer Venture Partners. Perfios aims to help financial institutions in real-time decision making.
Perpule closes seed funding for queue-jumping payments
In-store payments app Perpule has secured $650,000 in Seed funding led by Kstart – a sister company of VC Kalaari Capital.
Airpay picks up $3.6m for enterprise payments
Enterprise payments service Airpay has picked up $3.6m as part of its Series A. Kalaari Capital led the round for the Mumbai-based company.
Snapdeal pumps $20m in payments arm FreeCharge
The Mumbai-based payments service was acquired by the e-commerce giant in April 2015 for $400m and competes with in the region with Alibaba-backed Paytm.
Financial inclusion group Fincare lands $75m
There’s more investment going into Indian financial inclusion-focused lending platforms with Fincare picking up a $75m round.
Lending and credit health startup CreditMantri scoops up $7.6m
Indian digital lending and financial wellness startup CreditMantri has raised $7.6m in its Series B round. The investment was led by Quona Capital.
