State Bank of India has invested an undisclosed amount in digital payments firm Cashfree. Cashfree is a payment and banking technology company, based out of Bangalore. As a complete payments platform, it claims to help over 50,000 businesses collect and send money. It counts Xiaomi, Tencent, Zomato, Zoomcar, Cred, Club Factory, Shell, Google-backed Dunzo as…
Tribal Credit, a payment fintech specially designed for small and medium-sized businesses in emerging markets, has announced closing a combined Series A and debt round of $34.3 million. The investment was led by QED Investors and Partners for Growth (PFG). Existing investors BECO Capital, Global Ventures, OTG Ventures and Endure Capital also took part in…
Bangkok-based fintech startup Digio recently announced it has raised $4million in a Series B round. The funding round saw participation from Thai interbank payments provider PCC, Beacon Venture Capital, and Private Equity Trust for SME Growing Together 2. The company plans to use these new funds to accelerate product and services development. The company said…
Former President of IndiGo and OYO’s current board member Aditya Ghosh recently announced that he will be joining the Global Advisory Board of CreditEnable. Announcing his appointment, Ghosh through a LinkedIn post also said that he has also made a personal investment in the company. A transformational AI-driven SME credit business, CreditEnable also announced that…
New Delhi-based technology-enabled insurance grievance redressal platform, Insurance Samadhan has recently raised an undisclosed amount of seed funding from incubator and accelerator Venture Catalysts. It is understood that the company will use these funds to develop the technology stack and the product to scale operations. “This fundraiser would help us to develop our technological frame.…
Corporate card startup KarbonCard recently announced that it has raised $2mn through seed round of funding. The funding was made by a clutch of angel investors across India and China. Fintech startup Cred’s founder Kunal Shah, Amrish Rau (CEO of Pine Labs) and Jitendra Gupta (Founder of Amica Financial Technologies) are among the investors who…
Singapore-based payments startup “hoolah” recently announced that it has closed an eight-figure investment through its Series A funding round. The funding round was led by venture capital firm Allectus, iGlobe Ventures, Genting Ventures and angel investors like former Lazada group CEO Max Bittner, and FNZ CEO Tim Neville. With the infusion of capital, hoolah plans…
Fintech company TerraPay recently announced that it has raised $9.6mn from Prime Ventures (VC), IFC – International Finance Corporation, and Partech. The fresh funding follows the disinvestment from Comviva Technologies Ltd, a subsidiary of Tech Mahindra Ltd from the company. Ambar Sur, Founder, and CEO at TerraPay, said in a statement that the company will…
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.…