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DEBT COLLECTION STARTUPS
Fuelled by lending boom, DPDzero bets big on AI-led debt recoveryAs India’s unsecured lending boom accelerates, collections are emerging as the next major battleground for fintechs and lenders.
India flexible workspace market to expand up to 18% on GCC, startup demand: CrisilIndia's flexible workspace sector is poised for significant growth. Capacity is set to rise by 16-18% over the next two fiscal years, reach...
Gold loan startups find new shine; Infy Q4 profit jumpsHappy Friday! Gold loan fintechs are moving towards building their own loan books. This and more in today's ETtech Morning Dispatch.
Fintechs leverage AI to boost creditworthiness and reduce rejectionsFintech startups are leveraging AI to help borrowers improve their creditworthiness and reduce loan application rejections. Companies like ...
Debt restructuring platform Freed raises $6.6 million in round led by Aavishkaar CapitalSorin Investments, Piper Serica, and Sattva Ventures also participated in the funding round. The Gurugram-based platform plans to deploy th...
Smartphone EMI defaults rise as lenders stop remote cell blockingLoan defaults on smartphones are climbing after the Reserve Bank of India (RBI) barred non-banking lenders from remotely blocking devices w...
Debt marketplace Recur Club raises $50 million from InfoEdge Ventures, othersThe firm plans to use the funding to scale its team and enhancing tech offerings such as ‘autopilot’ financing, which enables startups and ...
Fintech startup DPDzero raises $7 million in funding round led by GMO Venture PartnersDPDzero, a Bengaluru-based fintech startup specializing in AI-driven debt collection, has secured $7 million in funding led by GMO Venture ...
Lenders turn to AI; Flipkart re-ups war chestHappy Thursday! Lenders are turning to fintech startups for smarter debt collection solutions as unsecured loan stress rises. This and more...
Lenders say AI to fintech startups for debt collectionLenders are now turning to AI-led models which can reduce the cost of each collection journey. This is opening a business opportunity for n...
WhatsApp becomes the preferred platform for digital loan recoveryIndustry insiders said that with WhatsApp becoming the popular mode of communication, debt collection startups like Credgenics, Spocto and ...
Investors see opportunities amid focus shift towards environmentally sustainable venturesExperts see the cleantech industry becoming a major source of power by FY2050, which will also create new job opportunities.
Debt relief platform Freed raises $7.5 million in funding round led by Sorin InvestmentsThis is the second equity infusion into the company after Freed raised a $2.8 million pre-series A round in 2022 from a bunch of angel inve...
Debt relief platform Freed raises $7.5 million led by Sorin InvestmentsThis is the second equity infusion into Freed after it raised a $2.8 million pre-Series A round in 2022 from a bunch of angel investors and...
Gruhas founders, Collective Artists Network create multi-million dollar fundGruhas founders Nikhil Kamath and Abhijeet Pai have joined forces with Collective Artists Network, whose founder and group CEO is Vijay Sub...
Startup20 Group seeks $1 trillion investment in global startup ecosystemThe group has also suggested a three-tiered global networked institution to create a repository of best practices, policies and market data...
Stride Ventures to fund 10-15 startups by March 2021The company typically funds startups in the edu-tech, agritech, consumer, logistics, and healthtech sectors.
VC firm 500 Startups sees a new story in vernacular contentIt has invested in companies such as healthtech startup Niramai, dairy IoT company Stellapps, foodtech startup InnerChef, travel tech Pepo ...
Tie-up is the lesson for edu-fin startupsStarting a business and having troubles? ET invites early-stage entrepreneurs to ask their questions — anything from business development t...
Startups like Zoomcar, MobiKwik opt to borrow money to meet working capital needs as investors become cautiousWhile entrepreneurs see venture debt as an additional source of capital, the shift points to a growing wariness among investors about start...