While 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 ...

The 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-...

Jupiter'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, backed by Tiger Global and Peak XV Partners, secures a prepaid payments instrument licence from the RBI to offe...

The development is significant for Jupiter, which has been scaling its lending operations through partner NBFCs.

Open, going forward, will use the new capital and IIFL Finance’s strategic expertise to build out a lending business, people aware of the p...

Neobanking platform Niyo will use the proceeds from the current round to launch new products in the lending as well as insurance space. It ...

This 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...

This comes just three months after Jupiter, founded by Jitendra Gupta — who had founded Citrus Pay and later sold it to Prosus fintech arm ...

India's neobanks, like all other tech startups, have been on a roll in 2021.

Post this funding, Open is now valued at $500 million compared to around $150 million in a previous funding round.

Many might confuse neobanks with digital banks. Both are similar in that they offer banking services through smartphones and other devices....

Jitendra Gupta's Jupiter is among several Indian fintech startups—including Open, EpiFi, Razorpay and Niyo—that have entered into the nasce...

Niyo neobank plans to integrate Index’s personal finance services to NiyoX—its newly launched savings and wealth platform—to extend to its ...

Company may raise $100-120 million in new round, valuation may jump three times.

As funding falls amidst a crisis in the credit business, startups see consolidation in the space.

Among others who participated in the startup’s maiden funding round are Vikram Chachra, founding partner of early-stage venture capital fir...