MobiKwik, a Gurugram-based fintech company, has raised Rs 52 crore in funding, led by Hindustan Media Ventures, the investment arm of HT group, according to PTI report. The funding round also saw participation from Infosys co-Founder Kris Gopalakrishnan’s family office, Pratithi, a statement said. The fresh capital will be used for growth in all key…
Modulr, a leading Payments as a Service API platform based in London, has secured a £9 million investment from PayPal Ventures to develop additional products, grow its team and expand its customer base. Modulr enables digital businesses and software platforms across lending, banking, fintech, travel, employment services and accounting to easily embed and build new…
Slice, a fintech startup which is building a smart, simple, and transparent financial platform to redesign the life experience for millennials, announced that it has raised Rs 39 crore in debt funding from Vivriti Capital, Northern Arc Capital, InCred Financial Services, Growth Source Financial Technologies, and Ashv Finance. The company will utilise the funds raised…
GalaxyCard, a mobile based Instant Credit Card platform based in Gurugram, announced it has raised an undisclosed amount of seed funding from a clutch of investors including Samyakth Capital, according to ET report. Founded in 2018 by Amit Kumar and Gunjeet Singh, GalaxyCard claims that credit cards can be made available within three minutes after…
Signzy, an AI powered RPA platform for financial services has announced that it has raised $5.4 million in funding from Arkam Ventures and Mastercard, according to the media reports. Existing investors Kalaari Capital and Stellaris Venture Partners also participated in the funding round. The artificial intelligence platform will use the current financing to strengthen its…
Razorpay, a Bengaluru-based fintech startup has announced that it has raised $100 million in Series D funding led by GIC, Singapore’s sovereign wealth fund, and Sequoia Capital India. With this funding, the startup entered the unicorn club amidst the coronavirus pandemic. Existing investors Y Combinator, Matrix Partners India, Tiger Global, and Ribbit Capital also participated…
Greenlight Financial Technology, the Atlanta-based fintech company that helps parents raise financially-smart kids, announced it has raised $215 million in Series C funding. The series was led by Canapi Ventures and TTV Capital with participation from new investors BOND, DST Global, Goodwater Capital and Fin VC along with Greenlight’s first institutional investor Relay Ventures. Since…
WireBarley, a South Korean fintech startup specializing in global remittance services, announced it has raised 10 billion won ($10 million) in Series B funding from Magna Investment, Shinsegae I&C and Dt & Investment. Joon-Hak Bae, Vice President of Magna Investment, who led the Series B funding said, “WireBarley has seen explosive growth and is on…
CityCash, a Mumbai-based fintech startup bringing state-of-the-art technologies and disruptive business models in the digital payments space, announced that it has raised $1 million seed funding from Orios Venture Partners, an early-stage venture capital fund. CityCash will use the current financing for expanding market access, merchant ecosystem, and to develop technology to deploy Open Loop…
Robinhood, the Menlo Park, California-based fintech startup credited with helping popularize trading among millennials, announced that it has raised another $320 million in latest funding from new and existing investors at a valuation of $8.6 billion. Investors that took part in the current financing round include TSG Consumer Partners and IVP, and brings the seven-year-old…
San Francisco-based financial technology company Taulia recently announced that it has secured a new strategic investment of $60mn in a new funding round. The funding round was led by the Ping An Global Voyager Fund with additional participation from J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital. “The funding will help accelerate growth…
Singapore-based options trading platform Sparrow recently announced that it has secured $3.5mn in Series A funding round. The company plans to use these funds to accelerate its platform development. The funding round was led by the HDR Group, owner and operator of BitMEX, with participation from Signum Capital, Du Capital and FinLab EOS VC. The…
Mumbai-based rural fintech startup Jai Kisan recently announced that it has secured ₹30Cr in pre-Series A funding round led by Arkam Ventures. The funding round also saw participation from NABVENTURES Fund I,the investment arm of agriculture and rural development institution NABARD. This is NABVENTURES maiden investment in any startup. The funding round also saw participation…
IIFL, a leading financial services company in India, announced that it has launched an initiative to support fintech startups that are facing funding and growth challenges due to the COVID-19 pandemic. The initiative, named #IIFLDisrupt, will help fintech startups by providing funds, becoming their first client and giving access to mentors. “COVID-19 has disrupted the…
Softbank-backed fintech unicorn Lemonade recently announced that it has filed for an Initial Public Offering on the New York Stock Exchange (NSE) for an indeterminate amount. The company estimates that it will be able to raise $100mn. Several venture capitalists have estimated that the company is worth $2.1bn currently in valuation. The company says it’s…