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NEOBANKING STARTUP
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 ...- Neobank Fi Money’s cofounder Sumit Gwalani steps down after six yearsFi Money cofounder Sumit Gwalani has exited the startup. This follows the shutdown of Fi Money's banking service in March. The company is s...
- 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...
- OpenFX secures $94 million in round led by Accel, AtomicoLightspeed, Faction VC, M13, Northzone, and Pantera participated in the funding round of the cross-border payments infrastructure startup. ...
- 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...
- 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...
- Neobanking startup Fi secures NBFC licence from RBIFi, backed by Peak XV and Temasek, obtained an NBFC licence from RBI for independent lending. Like Jupiter, Groww, and Cred, Fi now offers ...
- Neobank Zolve to expand to the UK, Australia and CanadaDelaware and Bengaluru-based startup Zolve provides bank accounts and credit cards to Indians looking to settle in the US.
- 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...
- Neobank Fi valued at $315 million after $50 million funding led by B CapitalThe latest funding comes after an intermediate capital infusion of about $12 million from existing investors, taking the total to $62 milli...
- Neobank Open raises $100M; Swiggy's social sideIndia’s neobanking startups raised $33.2 million between them in a pandemic-hit 2020. Today we report that the neobank Open has raised more...
- 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...
- Tata Digital to add neobank to its 'super app' arsenalAfter bolstering its e-commerce offerings by acquiring BigBasket and 1mg, Tata Digital wants to offer financial services—including credit, ...
- 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.
- Google Pay creators launch neobank Fi for millennialsNeobanks are virtual banks that work online and do not have physical branches
- Neobank StashFin gets $40 million in Series B funding roundStashfin plans to use the funds to grow its lending portfolio in India, as well as provide neobanking solutions to businesses across South ...
- Why Indian startups need to change the way they bankIn this era of unicorns, soonicorns and IPOs, while it’s easier to get caught up in the stories of startup successes, startup failures are ...
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