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…
San Francisco-based financial technology company Taulia, recently announced that it has appointed Christian Lindemann as Director of Supply Chain Finance EMEA. Christian is based in Switzerland and will be the EMEA region’s Working Capital Solutions Expert. In an official statement, the company said, “In an all-encompassing role, Christian will use his deep Supply Chain Finance…
PaisaBazaar, the digital lending arm of PolicyBazaar recently said that it has laid off about 1,500 employees to bring down operational costs as the company’s business struggles due to the coronavirus pandemic. According to a Mint report, the layoffs constitute about half of the company’s workforce and are predominantly from roles involving operations and business…
San Francisco-based fintech startup Synapse is reportedly laying off 50% of its full-time workforce. According to a Forbes article citing an estranged employee, the company terminated 68 employees from its 130 strong workforce over a Zoom call. Founded by Sankaet Pathak, the company makes digital banking software for other fintechs, letting them quickly launch features…
Zaggle, a Mumbai-based fintech company offering digitized solutions for expense management, employee tax benefits, rewards & recognition programs and corporate gifting and incentives, announced it has partnered with payments technology major Visa to launch innovative payment solutions for SMEs and startups. Under this partnership, both the companies will jointly create solutions for small and medium…
Ahmedabad-based fintech startup Lendingkart recently laid off 30% of its workforce just days after securing a ₹319Cr funding. The move is expected to impact around 200 employees of the company. Lendingkart provides collateral-free working capital loans ranging from Rs 1 lakh to Rs 40 lakh to small businesses and MSMEs, who have taken a big…
In an attempt to get things back on track, online insurance startup Coverfox has recast its leadership team with Sanjib Jha joining the company as Chief Executive Officer. The company has also appointed Piyush Ranjan as the Chief Technology Officer and Manish Sultania as the Chief Finance Officer. Ranjan has worked with Ola, DoorMint, and…