NuCash, a full-stack early-stage fintech, has announced its plan to set its India base of operations in Gurugram. The company also announced its plans to urgently hire 50+ individuals in mid and senior level roles across departments with an immediate focus on product, engineering & tech roles. The new hires will be geared towards accelerating…
Fintech platform Progcap has announced that it has raised $30 million in Series C funding round. The round saw participation from existing investors including Tiger Global Management, Creation Investments and Sequoia Capital India. Speaking on the announcement, Co-founders of Progcap, Pallavi Shrivastava and Himanshu Chandra, stated, “The recent funding round will help us allocate resources…
Mumbai and Gurugram-based fintech startup ePayLater has announced that it has secured $10 million in a series B funding round. The round saw participation from Blue Ashva Capital, Responsibility Investments, Pravega Ventures and several other investors. Speaking on the announcement, Aurko Bhattacharya, Founder of ePayLater, commented, “At ePayLater, we are driven by the vision of…
Chqbook, India’s neobank for small business owners like kiranas, merchants, chemists, and others running proprietorships, has announced that it has secured Rs 40 crore in pre-Series B round. The round saw participation from existing investors including Aavishkaar Capital along with Rajiv Dadlani Group, and others. “Across the country, over the next ten years, we expect…
Fintech startup INAI has announced that it has secured approx. $4 million in Paua Ventures and 9Unicorns led seed round. The round also saw participation from Uncommon Capital, Anarko Ventures, Soma Capital, Gemba Capital and Better Capital, as well as angel investors. Federico Wengi, Partner, Paua Ventures, commented, “As the online payments tech-stack get more…
GimBooks, a fintech startup, has announced that it has raised undisclosed investment in the seed funding round from a group of angel investors led by First Check Ventures via the US-based AngelList platform. The round also saw participation from Y Combinator. Speaking on the announcement, Yash Raj Agarwal, Founder and CEO of GimBooks, commented, “We…
Jeeves, an all-in-one expense management platform for global startups, has announced that it has raised a $57M Series B at a $500M valuation. The Series B round, led by CRV, comes just two months after the company’s Series A round led by Andreesen Horowitz in June. This Series B also includes participation from Tencent, Silicon…
Telcoin, a fintech operating at the intersection of decentralized finance and telecommunications, has closed US$10 million in pre-series A equity financing. “This round is a major milestone for a blockchain company founded in 2017,” said Paul Neuner, Telcoin founder and CEO. “It’s also proof that people everywhere are tired of overpaying for basic financial services…
Payments and credit start-up Slice has announced that it has raised $20 million in equity funding round from existing investors Blume Ventures and Gunosy. Founded in 2016, slice is building financial products and services to meet the financial needs of gen z and millennials across the country. Founder & CEO – Rajan Bajaj said, “The…
Teenager-focused payments app FamPay has announced that it has raised $38 million in a Elevation Capital led Series A funding round. Existing investors including Y Combinator, Sequoia Capital India, Venture Highway, Global Founders Capital, along with new investors Greenoaks Capital, General Catalyst and Rocketship VC partcipated in the financing round. “With around 40 percent of the Indian population…
Fintech startup Chqbook has raised $1 M from InnoVen Capital to increase its loan book, according to a press release. Speaking on the development, Vipul Sharma, Founder & CEO, Chqbook stated, “We have witnessed that 50 percent of all requests on the Chqbook App are credit-related. Hence, it becomes important for us to focus on…
Fintech startup BankSathi has announced that it has secured $200K in seed funding from angel investors. Dinesh Godara – founder of TREAD, Rajendra Lora – founder at Freshokartz, and Studybase founders Anuj Ahuja and Aditya Talwar, among others, participated in the round. “The seed funds raised will be utilized on product development, team building, and…
Fave, Southeast Asia’s consumer fintech platform, has been acquired by Pine Labs, a merchant commerce platform in a deal valued over $45 million (SG$60 million / RM185 million). Fave has enabled 6 million consumers in SEA to save over US$400 million across 40,000 retailers since 2016. With this acquisition, Indian consumers will be able to…
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…
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…