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NEOBANK JUPITER FUNDING
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...- Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitchThe small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regul...
- Neobank Fi Money shuts down banking servicesThe neobanking startup, which is backed by Peak XV Partners and Alpha Wave Capital, was offering banking services in partnership with Keral...
- Jupiter bags $15 million from existing investors at flat valuation of $600 millionWhile the company did not disclose the valuation at which the new round happened, people in the know said that the deal was done at a flat ...
- Neobanking startup Jupiter posts 5X jump in FY24 operational revenue, trims lossThe company reported Rs 16 crore in revenue from its lending operations along with a net profit of Rs 1.3 crore. Jupiter had secured a non-...
- Neobank Jupiter's NBFC business raises Rs 20 crore from Peak XV, Matrix, othersJupiter's NBFC business, Amica Finance, raised Rs 20 crore in equity funding from Peak XV Partners, Matrix Partners, and others. The fundin...
- Neobanking startup Jupiter gets RBI nod for mobile wallet licenceNeobanking startup Jupiter, backed by Tiger Global and Peak XV Partners, secures a prepaid payments instrument licence from the RBI to offe...
- Neobank Jupiter secures NBFC licence; will raise debt to push lending businessThe development is significant for Jupiter, which has been scaling its lending operations through partner NBFCs.
- Neobank Open turns unicorn after $50 million funding led by IIFLOpen, going forward, will use the new capital and IIFL Finance’s strategic expertise to build out a lending business, people aware of the p...
- Niyo raises $100 million in fresh funding led by Accel, LightrockNeobanking platform Niyo will use the proceeds from the current round to launch new products in the lending as well as insurance space. It ...
- Jupiter snags exclusivity rights from Tiger Global as it closes $86 mn fundingThis is only the second time in India when Tiger Global, the New York-based fund, has agreed to an exclusivity clause like this after a sim...
- Jupiter in talks for $100-million funding, valuation may doubleThis comes just three months after Jupiter, founded by Jitendra Gupta — who had founded Citrus Pay and later sold it to Prosus fintech arm ...
- QED, Sequoia and Tiger circle Jupiter; Carlyle, others to dilute stakes in Delhivery IPOIndia's neobanks, like all other tech startups, have been on a roll in 2021.
- Neobanking startup Open raises $100 million from Temasek, Google, othersPost this funding, Open is now valued at $500 million compared to around $150 million in a previous funding round.
- Explained: Neobanks, the next evolution of bankingMany might confuse neobanks with digital banks. Both are similar in that they offer banking services through smartphones and other devices....
- Exclusive: Neobank Jupiter raises $45 million from Brazil's Nubank, othersJitendra Gupta's Jupiter is among several Indian fintech startups—including Open, EpiFi, Razorpay and Niyo—that have entered into the nasce...
- Neobank Niyo acquires personal finance startup IndexNiyo neobank plans to integrate Index’s personal finance services to NiyoX—its newly launched savings and wealth platform—to extend to its ...
- ETtech Exclusive: Amazon, Google and Visa are 'Open' to neo-bankingCompany may raise $100-120 million in new round, valuation may jump three times.
- Covid-19 impact: Neobanks like Jupiter, RazorpayX, Niyo, Open rework plansAs funding falls amidst a crisis in the credit business, startups see consolidation in the space.
- Yap mops up Rs 10 crore in angel fundingAmong others who participated in the startup’s maiden funding round are Vikram Chachra, founding partner of early-stage venture capital fir...
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