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OPEN NEOBANK
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...
- 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...
- 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.
- Open gets RBI nod for payment aggregator licenceEarlier this year, Open also received a go-ahead from the RBI for its new cross-border payments product after completing the test phase of ...
- IIFL Finance, Open Financial join hands to launch neobank for MSMEsThe unique proposition of this neobank is an innovative User Interface (UI) system made exclusively for small merchants -- a first of its k...
- 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...
- Exclusive | Neobank Open expected to enter unicorn club with new funding of $100-150 millionGoogle-backed neobank Open is in advanced talks to close a new funding round of $100 million to $150 million at a post-money valuation of $...
- Neobank Open acquires Finin in $10 million dealAccording to Open, the acquisition will also further enhance its no-code embedded finance platform Zwitch.
- Open acquires consumer neo-banking platform Finin for $10 millionThe acquisition will strengthen Open's cloud native enterprise offering BankingStack via which it has deployed SME digital banking solution...
- 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....
- Australian neo-bank Volt partners with crypto exchange BTC MarketsNeo-banks rely on digital technologies to break into the banking market with low-cost offers and have been licensed in Australia in recent ...
- 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 Open acquires Optobizz in $5 million stock-plus-cash dealThe acquisition will add 800,000 SMEs to its user base, as well as 35 employees of Optobizz. Open will be setting up a development centre i...
- 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.
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