Digital ledger app Khatabook has acquired Biz Analyst for $10 million in a mix of cash and stock. With this deal, the fintech firm aims to leapfrog into the next phase of growth and offer its customer base of over 10 Mn Monthly Active Merchants an opportunity to scale up their businesses by utilizing premium…
Chennai-based API platform – YAP has raised $10 million in Series B funding led by Flourish Ventures along with Omidyar Network India. Other investors that took part in the funding round include 8i Ventures Fund, Beenext and Better Capital. The fintech startup currently provides its services to companies in the United Arab Emirates, India, Australia,…
Taxiforsure Raghunandan G’s new fintech startup Zolve raised $15M led by Accel Partners, Lightspeed Ventures “In an increasingly connected world, though people are moving across countries at an accelerated pace, the global financial systems are archaic and fragmented, creating headwinds for a global citizen. With Zolve, we aim to create a financial world beyond borders…
BharatPe, a financial services company for merchants, has raised US$ 108 mn in Series D equity round, at a valuation of US$ 900 mn. The company further shared that it has raised US$ 90 mn in primary fund raise and also ensured secondary exit for its angel investors and employees for a total amount of…
Aye Finance, the fintech lender to the MSME Sector, has announced the joining of Ujual George as Chief Risk Officer. Ujual, an alumnus of Indian Institute of Management Bangalore, has held various leadership positions in his career of over 25 years in banking and financial services. His last assignment was with RBL Bank, where he…
Rapyd, a Fintech as a Service company, has announced a $300 million Series D financing round led by Coatue. Several new investors participated in the financing, including Spark Capital, Avid Ventures, FJ Labs, and Latitude, along with further investment from current investors General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and…
Payment processing firm Phi Commerce has raised $4 million in its latest financing round. The Series-A funding round saw participation from Beenext, a Singapore-based VC firm and fintech focused early-stage investment firm, Yatra Angel Network. Yatra Angel Network aims to foster entrepreneurship specifically in fintech domain i.e. payments, lending, insurance, wealth, inclusion and other fintech…
Fintech startup BharatPe recently announced that it has raised Rs 60 crore in debt financing from Innoven Capital. The startup plans to raise $150-200 million equity, around $500 million debt in new fundraising round in the course of two years to support its lending business. Suhail Sameer, Group President of BharatPe, commented, “As we build…
Gurugram based, savings and investment platform Sqrrl has collaborated with tax planning and return filing platform Quicko to facilitate the process of Income Tax Return filing for 14.6 million users. The announcement informs – “As the last date of filing ITR is approaching, many professionals will rush to chartered accountants to help them out with…
Bangalore-based startup, CRED has raised $80 million in Series C funding from existing investors. DST Global led the round, with participation from other existing investors Ribbit Capital, Sequoia Capital and Tiger Global. The startup is founded by Freecharge founder Kunal Shah and is now valued at $800 million which is almost double of its valuation…
NIRA, a Bengaluru-based fintech firm has raised an additional $1 million from existing angel investors. This round takes the total funds raised by the startup to over $4 million so far. The tech firm has previously also raised an undisclosed follow-on sum from Techstars, a US seed accelerator as a part of the 2019 accelerator’s…
Instant loan service provider, Moneytap has appointed Ashutosh Dabral as its new chief product officer. Under this role, Dabral will continue to build financial products and will focus on providing a good user experience for borrowers who are looking for financial support from the platform. Prior to MoneyTap, he co-founded Hush, a startup funded by VC…
Financial Information Technologies(Fintech), the leading business solutions provider for the beverage alcohol industry in the U.S announced that Amit Aghara has been appointed to the position of Chief Technology Officer (CTO). “Mr. Aghara brings to Fintech robust expertise as a leader in the technology and software sectors, having strategically positioned several new products for successful…
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…
Surge-backed fintech startup Khatabook recently raised $60million in Series B funding round. The funding round was led by Facebook co-founder Eduardo Saverin’s B Capital. Khatabook helps small businesses record financial transactions digitally and accept payments. The funding round saw participation from a clutch of new and existing investors including Sequoia India, Partners of DST Global,…