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NEO BANKING STARTUPS
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.- 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...
- Fintech-focused VC fund QED set to deploy $300 million in India, APACIn the last five years, QED Investors has invested around $220 million across Asia. It has taken early bets in Indian startups like neo-ban...
- ETtech Deals Digest: Startups raise $1.47 billion in August; up 89% on yearThe funds were raised by startups, largely in the early and late stages, across 86 rounds. In July 2024, startups raised around $718 millio...
- ETtech Deals Digest: Startup funding surges 170% YoY to $238 million this weekThe funds were raised by startups, mostly in the early and late stages, through 23 rounds. In the same week last year, $88.3 million was ra...
- Wealth management startup Neo Group secures Rs 400 crore from MUFG Bank, Euclidean CapitalThe Peak XV Partners-backed firm is building a wealth management platform focused on the premium segment of Indian consumers. The funds wil...
- After a year of regulatory ban, Razorpay, Cashfree secure RBI nod for payment aggregator businessUPI payments giant Google Pay, Mumbai-based expense management platform Enkash, payment gateway company Paymentz and Bengaluru-based neo ba...
- Razorpay’s forex service to help founders transfer funding to IndiaThis is the second cross-border offering from Razorpay, which also allows small businesses to accept international payments from foreign cu...
- ETtech Deals Digest | Uptick in early-stage investingHere are all the startups that got funded this week.
- OneBanc partners with Peoplestrong for automation of payroll bankingOneBanc’s proprietary tech can raise in-hand salary of 119 million white-collar professionals by up to 7% and corporate bottom lines by up ...
- Tata's neobanking pushIn today's ETtech Morning Dispatch, Tata Digital to add neobank to its super app, India's cryptocurrency industry attracts foreign funds, S...
- Regulatory system for digital banking intermediaries likelyWhile discussions are still at an early stage, RBI is said to be considering a light touch regulatory approach that could see digital banki...
- ETtech Exclusive: Amazon, Google and Visa are 'Open' to neo-bankingCompany may raise $100-120 million in new round, valuation may jump three times.
- Razorpay gets $160 mn funding, valuation trebles in less than 6 monthsRazorpay will use the funding to expand into Malaysia, Indonesia and Singapore, CEO Harshil Mathur says. The company is also in the process...
- 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 ...
- Unacademy makes its fifth acquisition of 2020 in NeoStencilUnacademy, India’s second-most valued edtech startup, has acquired Neostencil for an undisclosed sum to grow its footprint in Tier II and T...
- Stashfin partners Visa to launch co-branded cards with credit linesStashfin hopes to tap into customers who are on the lookout for festive shopping discounts, helping them convert their purchases into easy ...
- 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 ...
- Matrix leads first funding round in neo bank YeloFunding tap is open for a host of new ventures.
- Neo-banking startup, Open, to raise more fundingFunding taps are now open for a host of ventures from banking to used car sales and supply chain management firms
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