Digital payments major PayU has invested $5 million in Mumbai-based cross border payments platform BriskPe, the company said in a press note, according to ETtech report. This is the first institutional funding round for the startup. The investment is part of PayU’s efforts to build a full stack payments platform across both domestic and international…
Vayana Network, a trade finance startup, announced it has raised Rs 114 crore (about $15 million) as an extension to its ongoing fundraise led by International Finance Corporation (IFC) and PayU, the payments and fintech arm of Dutch multinational, Prosus, according to ETtech report. Earlier in November, the company had raised Rs 283 crore (or…
PayU announced its integration with BigCommerce, an Open SaaS ecommerce platform for fast-growing and established brands. As a result of this integration, PayU can now provide payment infrastructure & solutions to BigCommerce’s small- to-medium-sized merchants in India. The BigCommerce platform provides ecommerce services to retailers, including online store creation, search engine optimization, hosting, marketing and security.…
Indiagold, the New Delhi-based gold-based lending platform, announced it has raised $12 million in fresh funding led by PayU, the financial technology arm of Prosus NV, and Alpha Wave Incubation, according to ETtech report. Better Tomorrow Ventures, 3one4 Capital and Rainmatter Capital as well as existing investor Leo Capital participated in the funding round. The…
PayU, India’s online payment solutions provider, has partnered with WooCommerce, an open-source, customizable e-commerce platform, to enable WooCommerce merchants with digital payments infrastructure, and end-to-end digitalization of business processes, according to a statement. The statement added, the partnership will offer merchants exclusive pricing on transactions, no hidden charges, and contactless payment solutions to scale growth…
PayU, India’s leading online payment solutions provider, has partnered with WooCommerce, an open-source, customizable e-commerce platform, to enable WooCommerce merchants with digital payments infrastructure, and end-to-end digitalization of business processes. The partnership will offer merchants exclusive pricing on transactions, no hidden charges, and contactless payment solutions to scale growth and profitability, the company said in…
DotPe, an offline-to-online commerce platform, announced it has raised $27.5 million in Series A funding led by its early investor, PayU, the payments and fintech business of Prosus, resulting in an increase in the existing stake in the company. Info Edge Ventures has doubled down on its seed investment in the company made last year…
Bangalore-based financial services firm has secured $7 million in fresh round of funding led by PayU. The round also saw participation from existing investors Quona Capital and Saama Capital. New product development and customer acquisition are areas in which the firm seeks the use the fund raised. While also focusing on its product portfolio, the…
Fisdom, an automated investment service provider that manages a personalized online investment account, has raised $7 million in new funding led by PayU. Existing investors Sama Capital and Quona Capital also participated in this funding round, the company said. Founded in 2015 by Anand Dalmia, Ramganesh Iyer, Subramanya S.V. and Subramanya Venkat, Fisdom is a…
Online payment solutions provider PayU recently announced the appointment of Shantanu Preetam to the India leadership team as Chief Technology Officer. In his new role, Shantanu will be leading technological innovations and engineering at PayU. He will be based out of Bangalore. Speaking on Shantanu’s appointment, Anirban Mukherjee, CEO, PayU India said, “The country is…
Point-of-sale service provider, Pine Labs recently announced that it has appointed Citrus Pay founder Amrish Rau as the company’s new Chief Executive Officer. The announcement comes soon after former CEO of Pine Labs, Vicky Bindra announced his resignation and Rau resigning from PayU India a month earlier. Former CEO Bindra, who was heading Pine Labs…
PayU India co-founder Shailaz Nag’s new startup, Dot, has raised an initial seed funding of around $8 million, led by PayU and Fosun RZ Capital to help offline merchants with their digitization journey. The funding round also saw participation from Info Edge Ventures and other well-known angel investors, which include Snapdeal founders Rohit Bansal and…
PayU’s consumer lending business LazyPay and PaySense, India’s fastest growing digital credit platform, has announced plans to merge their business operations to build a full-stack digital lending platform in India. PayU will acquire a controlling stake in PaySense and all its assets at a valuation of $185 million. This planned merger is aligned with PayU’s…