Apexx Global bags $25m in Series B funding round
With the new funds, Apexx Global plans to expand further across North America.
With the new funds, Apexx Global plans to expand further across North America.
The central bank claims Amazon Pay India didn’t comply with “certain provisions” of KYC and PPI directions.
Thought Machine intends to hire across India, Japan and South Africa for the first time.
Panamax’s CEO says the acquisition of India-based Acute is a “strategic move to expand our horizons”.
Sources tell CNBC-TV18 that Paytm didn’t want to give up management control.
PayPal Ventures led the funding round, with new and existing investors also participating.
The MAS and RBI will use a scalable cloud-based infrastructure to manage future increases in remittance volumes.
The Indian bank will deploy M2P’s Turing CBS offering.
FinTech Futures sits down for a chat with Mayank Goyal, founder and CEO of moneyHOP.
The new capital infusion follows a $350 million fundraise from General Atlantic last month.
Temenos’ core banking system will be implemented by the vendor’s regional partner, Foranx.
Quick Finans selected Provenir’s tech to enhance its customer onboarding process.
The banking tech vendor also signed licence fees of $27.5 million in the latest quarter.
PhonePe expects to raise a total of $1 billion in funding, with other firms set to invest next month.
The government hopes its plan will facilitate the development of “a robust digital payment ecosystem”.
The country’s central bank and regulator expects these new digital banks to promote financial inclusion.
FinTech Futures chats with Pushkar Mukewar, founder and CEO of Indian fintech Drip Capital.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Ramani says he is joining Tide at a “critical juncture in its plans to globalise”.
Axis Bank says its new product will help save customers time and effort with a fully digital authentication process.
Jupiter says the funds will go towards scaling up the neobank’s suite of lending products.
The news follows KreditBee’s $80 million fundraise as part of its Series D funding round last month.
In a statement, BharatPe says that Sameer will “transition” from CEO to strategic advisor on 7 January 2023.
Founded in 2018, SarvaGram last raised $10 million in a Series B funding round in 2021.
The round was led by Apis Partners, and saw participation from Tiger Global, Winter Capital and Evolvence.
JP Morgan is aiming to enhance digital transactions for its corporate clients in APAC and Europe.
KreditBee says it will use the fresh funds to diversify its product offering and strengthen its tech stack.
Following the acquisition, Cred and CreditVidya will continue to operate independently.
Open CEO Anish Achuthan says the platform will democratise fintech and “redefine” the Indian business landscape.
The integration will provide a fully digital checkout experience for Indian students to make transactions.
The money will go towards Lentra’s international expansion and acquisitions.
Mehta will lead channel development, expense management and revenue planning for the company.
The bank will deploy Finastra’s end-to-end working capital solution, Fusion Trade Innovation.
The use case of this pilot is the “settlement of secondary market transactions in government securities”, RBI says.
Prudential will leverage Google Cloud for its flagship health and wealth platform, Pulse.
The central bank says it has taken this decision to “protect the interest of the public at large”.
The two firms have worked together, leveraging Finastra’s Unified Corporate Portal solution, since October 2021.
The firm aims to provide new loan and investment opportunities for the underbanked.
Lidsi is a savings app launching in January 2023, and Turan is an all-encompassing financial application.
We chat with Paycraft’s CEO Ambarish Parekh about what the company offers and its evolution over the years.