Grip Invest, a financial technology platform, has announced that it has secured $3 million in a Venture Highway and Endiya Partners co-led series A funding round. Investors including AdvantEdge and existing investors such as Gemba Capital and Anicut Angel Fund, along with angel investors Satyen Kothari, Gaurav Gupta, Akash Sinha and Reeju Datta, Ankit Agarwal…
Financial technology firm, FIS has begun its COVID-19 vaccination drive for its employees and their immediate family across 8 office locations in India. FIS, which houses one-third of its global workforce in India, aims to help vaccinate 10,000 plus people under its employee health and wellbeing program. In the first phase of its COVID-19 vaccination…
Financial technology company SmartAsset recently announced the expansion of its executive leadership team with the hire of Aniket Gune as Senior Vice President of Product Management. In his new role at SmartAsset, Gune will be responsible for building and executing a product strategy that pursues the company’s mission to empower people to make smart financial…
Anti-money laundering compliance technology provider, Hummingbird RegTech recently announced that it has raised $8.2mn in its Series A funding round. The funding round was led by Flourish Ventures. New investors who participated in the round include Stripe alumni Lachy Groom and Jon Zieger. Existing and seed investors Hombrew, Designer Fund, and TTV Capital also participated…
Financial search platform Magnifi recently announced the appointments of Richard Hurwitz, ex-CEO of Tungsten Corporation. as Chief Executive Officer and Jeremy May, ex-President of ALPS Fund Services and ALPS Distributors as Chief Operating Officer. The company also notified other appointments as Strategic Advisors to the firm are former Vice Chairman of Morgan Stanley, Gary Kaminsky,…
Bengaluru-based online money lending startup Rupeek, recently announced that it has raised $60mn in funding across two rounds from investors including Flipkart co-founder Binny Bansal and GGV Capital. Other investors like Tanglin Venture Partners and KB Investments also participated in the funding. Existing investors Sequoia Capital and Accel were also present during the funding rounds.…
Fintech startupBharatPe recently announced that it has raised $75mn in Series C funding round led by hedge fund Coatue Management and Palo Alto-based fintech investor Ribbit Capital. The latest funding rose BharatPe’s valuation to $425mn. Existing investor Steadview Capital and Insight Partners also participated in the funding round along with new investor Amplo, a US-based…
Ride-hailing startup Uber has recently announced that it would strengthen its fintech process in India with the formation of Uber Money. It has even set up a team of over 100 technology professionals responsible for global financial products and technology innovations, at its Hyderabad Tech center. With the announcement, the company has surprised many who…
Insurance aggregator Coverfox is a boat floating in hot waters. The firm’s Co-founder and Chief Technology Officer Devendra Rane had resigned from his position a month ago and now the company’s Chief Executive Officer Premanshu Singh has resigned due to uncertainty about the company’s future. According to a report by Entrackr, the company’s executives had…
Fintech startup SuperMoney recently announced that is has raised $1mn from early-stage investor Unitus Ventures in a pre-Series A funding round. SuperMoney was founded in 2017 by Shiv Nandan and Nikhil Banerjee from Mumbai. The company plans to utilize these funds to strengthen its team across technology, business development, and backend operations. The company also…
Nira, Bangalore based fintech startup that provides small value credit to consumers with limited access to traditional modes of finance, has raised $1 million in seed funding from angel investors based in India and the United Kingdom. The firm will use the fundings to accelerate building out the core team and technology to drive the…
Sentieo, an investment research software company that uses AI to scan financial documents, analyze alternative data sets and create visualizations has raised $19 million (about Rs 140 crore) in its Series A round of equity financing that was led by growth equity firm Centana Growth Partners. The firm’s existing investors had also participated in the round.…
Kredent InfoEdge Pvt. Ltd., a leading FinTech (Financial Technology) company from Kolkata, has announced that it has received Pre-Series A funding from renowned stock market investor Mr. Ramesh Damani and others. Ramesh Damani has been a member of the Bombay Stock Exchange since 1989. He is well known for his exceptional skills in identifying promising businesses and invests in them…