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ACQUISITION NEOBANK
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.- 2022 Year in Review | A tumultuous 2023 awaits fintech startupsWith the regulatory overhang on fintechs continuing, and the Reserve Bank of India (RBI) taking steps to regulate various aspects of the se...
- Razorpay cofounder Shashank Kumar takes over as MDMurali Brahmadesam, a former executive at Amazon Web Services (AWS), will take over as CTO and head of engineering in place of Kumar.
- ETtech Deals Digest: Zepto, Open, others raised funds this weekNeobank Open has closed a $50 million financing led by IIFL Finance. With this, Open has now entered the unicorn club with a valuation of $...
- Musk clarifies his idea of ‘free speech Twitter’; Flipkart cuts friction to attract sellersMusk stated that free expression must be consistent with the law, and that he opposes censorship that goes beyond the law.
- Ola says it will acquire financial services firm Avail FinanceThe $50 million share swap deal will give Avail Finance’s founder Ankush Aggarwal, the brother of Ola chief executive Bhavish Aggarwal, a s...
- 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 ...
- Razorpay’s valuation rises to $7.5 billion after $375-million fundingRazorpay’s valuation has increased by more than seven times since it turned unicorn in October 2020 due to a pandemic-induced surge in dema...
- Neobank Open acquires Finin in $10 million dealAccording to Open, the acquisition will also further enhance its no-code embedded finance platform Zwitch.
- Rebel Foods’ $150 million war chest; Netflix slashes pricesRebel Foods said on Tuesday that it has set aside $150 million to invest in and acquire brands and businesses over the next few quarters.
- 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...
- Jitendra Gupta’s neobank Jupiter acquires Easyplan savings appAccording to fintech industry veteran Jitendra Gupta, Easyplan’s acquisition will allow Jupiter to expand its customer base, and enhance it...
- 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.
- 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...
- Raghunandan G ventures out again with $15 million seed for ZolveZolve, a neobanking fintech startup, will use the funding from investors Accel India and Lightspeed Ventures to offer front-end banking sol...
- ICICI Bank to buy over 9% stake in fintech startup Thillais Analytical SolutionsICICI Bank is acquiring 10 equity shares and 100 compulsory convertible preference shares of Thillais Analytical Solutions, which operates ...
- Covid-19 impact: Fintech leaders cautiously optimistic about growth prospectsRespondents believe that lending is most severely impacted with a negative confidence score, while insurance and wealth management business...
- 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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