Crypto platform Rain rakes in $100m in Series B funding
Rain’s $110m Series B funding round was co-led by Paradigm and Kleiner Perkins.
Rain’s $110m Series B funding round was co-led by Paradigm and Kleiner Perkins.
Modifi’s business in India has grown more than 2,100% over the past 18 months.
Rupifi says it’s India’s “first embedded finance company” in the B2B payments space.
M2P claims to have raised more than $100 million in the past year alone.
Zindigi says the country has many banks, “but not many banking experiences”.
Pune-based FPL’s products are designed to create a credit-savvy population.
Launched in 2018, CoinDCX claims to be India’s “safest crypto exchange”.
DMI Finance has closed a $47 million equity investment round.
The test was facilitated by JP Morgan’s new blockchain-focused business unit Onyx.
The fintech says B2B commerce has undergone a digital transformation over the past few years.
The company plans to have a 950-strong workforce by the end of 2022.
The Bangalore-based Fibbl bills itself as a neobank for couples to manage money as a team.
Our weekly ‘In Case You Missed It’ funding round-up for you to get the latest funding news.
Razorpay’s Series F funding round now values the firm at $7.5 billion.
The funding will be used to support national and international expansion.
Open CEO Anish Achuthan says the acquisition will complement his firm’s BankingStack enterprise offering.
The partnership will see 1,000 Smart Cash franchises opened in underbanked areas.
“BNPL is growing at a breakneck speed in India,” says CEO Nitin Gupta.
Tischendorf joins from 4Finance Group, where he served as CTO.
Finder co-founder Fred Schebesta says the company has been “bootstrapped since day one”.
Cash injection will be used to further develop its product offerings and hire more staff.
Fast-growing Indian e-commerce sector is in the company’s sights with its cardless payments offerings.
Open says Zwitch has already helped 10 start-ups embed financial services.
Scheduling of bill points to government’s stance despite speculation over rethink.
HCL will set up a co-innovation lab in Brussels to explore emerging technologies.
The charge related to the closure will affect the bank’s operations through the rest of 2021 and 2022.
The company will use the cash to expand into more emerging markets.
The firm says it can help users send trackable and shareable invoices to clients to manage their payments.
Drip provides SMEs across India, Mexico and the US access to collateral-free credit.
Protego Trust Bank, InFinBank, and Toyota Financial Services all pick Oracle systems.
Central bank-backed scheme facilitates digital payments to merchants and service providers using QR codes.
The e-filing company will also broaden its offering to people and businesses.
Groww will use the cash to expand its reach into underserved parts of India.
The acquisition reflects a broader investment strategy in India, the fintech says.
Fintech aims to incentivise members to pay credit card bills on time.
CEO says firm will also “double down” on growth in India and Dubai.
Open raises $100 million to expand into new markets, including the US.
Significant investments in data science, machine learning, and AI are in the pipeline.
The investment brings Capital Float’s total money raised to date to over $600m.
Turkish micro-lending platform expands to new markets.