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JUPITER AMICA FINANCE
Supply chain finance startup Vayana bags NBFC licence, set to raise $20 millionVayana secured an NBFC licence from RBI, enabling co-lending partnerships. Backed by PayU, it seeks $20 million funding. Founded in 2017, V...- Neobanking startup Jupiter posts 5X jump in FY24 operational revenue, trims lossThe 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-...
- Neobank Jupiter's NBFC business raises Rs 20 crore from Peak XV, Matrix, othersJupiter'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 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...
- One Card founders and Uni Cards NBFC licence applications face roadblocks from RBIET has learnt that sellers need to apply to the central bank saying that they intend to transfer the licence to the acquirer’s name.
- Fresh twist in PhonePe-ZestMoney deal; neobank Jupiter secures NBFC licenceDigital payments major PhonePe is looking to close a commercial arrangement with ZestMoney after deal talks between the two companies fell ...
- Neobank Jupiter secures NBFC licence; will raise debt to push lending businessThe development is significant for Jupiter, which has been scaling its lending operations through partner NBFCs.
- BharatPe acquires 51% in NBFC Trillion Loans to bolster lending playBharatPe’s investment in an NBFC comes at a time when several fintechs are looking at bolstering their presence in the segment.
- Kunal Shah’s Newtap Technologies in talks to raise $50-70 million to push lending businessShah has discussed shoring up the funds from Cred’s existing investors including Sequoia Capital and Singapore’s sovereign fund GIC, which ...
- Cred’s NBFC may raise $50-70 million; MapmyIndia CEO wants internet body IAMAI to reflect Indian voicesKunal Shah-owned Newtap Technologies, which acquired Parfait Finance, an RBI-registered NBFC, is in talks to raise equity capital from Cred...
- Fintech sector grapples with heightened scrutiny, and other top stories this weekAs things stand, it is no wonder that fintechs have been shopping around to acquire an NBFC licence. Cred acquired Parfait Finance in Novem...
- Jupiter scores $2 million in top-up funding roundJupiter will provide savings account, investments and lending services to the salaried millennial population with an income demographic of ...
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