Topics: Finance News

Geekster secures $1.30 Mn from Inflection Point Ventures, MyNavi & Others

Gurgaon-based edtech startup Geekster has said, “It has secured $1.3 Million in pre-series A round funding led by Inflection Point Ventures with participation from...

Early-stage VC 8i Ventures makes partial exit from M2P Fintech

8i Ventures, an early-stage venture capital fund, has made a partial exit of its seed investment in M2P Fintech at a 36X multiple clocking...

Nium launches New Global Brokerage Payments Solution for faster international payments

Nium, a global payment platform has today introduced a new brokerage payments solution that offers international financial institutions (FIs) a faster and more cost-effective...

Plutus Wealth & Oaks Asset leads $30 mn funding round for CredAble

India based Fintech startup, CredAble has said, "It has raised $30 million as a part of their Series B round funding co-led by Plutus...

ICICI Bank launches ‘Cardless EMI’ facility for its pre-approved customers

India based leading private sector bank, ICICI Bank on Thursday announced the launch of 'Cardless EMI' facility for its pre-approved customers. These (Cardless EMI) facilities...

Fintech startup Open rolls out UPI AutoPay feature for small businesses

Fintech startup Open Financial Technologies has announced that "It is rolling out UPI AutoPay feature for its 650000+ small business customers." Open in its statement...

In conversation with Pruthiraj Rath, CEO of Payzello

Today, we speak with Pruthiraj Rath, CEO of Payzello on the journey of Payzello and how it is shaping the neo banking sector through...

ZestMoney launches Pay Later service for Apple customers in India

India based Ai-driven EMI financing and Pay Later company, ZestMoney has announced the launch of its By Now and Pay Later service for Apple...

These six Korean startups to be featured in ConnecTech Asia Event

New technologies and innovative platforms that are made in Korea will be showcased at virtual ConnecTech Asia 2020, one of the largest information and...

Geojit launches WhatsApp channel to simplify the stock trading experience for its clients

Geojit Financial Services Ltd., has announced the launch of a one-of-its-kind WhatsApp Channel for its clients which will offer the convenience of stock trading...

Bajaj Finserv, Shinhan Bank partners with Kwik.ID for Video KYC service

India-based video KYC solution Kwik.ID has announced its partnership with Bajaj Finserv and Shinhan Bank to provide video-based KYC solutions to the banks. In a...

U GRO Capital secures over Rs 400 crore, AUM for Q1 FY21 stands at Rs 847.4 crore

India-based fintech platform U GRO Capital has announced that "It has raised almost Rs 400 crore through non-convertible debentures (NCDs), term loans and commercial...

Interview: Muthoot Finance Dy MD Alexander George says, “Monthly customer transactions double to 8.25 lakh”

In an interview with TechGraph, Alexander George Muthoot - Deputy Managing Director of Muthoot Finance, said: "We have witnessed doubling of monthly customer transactions...

NSE Academy partners with Fintso to aid financial education for financial intermediaries

NSE Academy on Friday said, "It has partnered with Fintso for educating, skill-development, and training of financial intermediaries." NSE Academy and Fintso in a joint...

HDFC Ltd in Rs 45,000 crore cash hunt

Private sector lender, Housing Development Finance Corporation Ltd (HDFC Ltd) on Monday said, "It is planning to raise up to Rs 45,000 crore through...

Yes Bank Board approves fundraising plan through FPO

Private sector lender, Yes Bank on Tuesday announced that "Its board has approved the plan to raise funds through a further public offering (FPO)." In...

HDFC Bank records 25% increase in deposits at Rs 11,895 crore

An India-based private lender, HDFC Bank on Sunday, recorded an increase of 25 percent in its Q1 FY21 deposit at Rs 11,895 crore as...

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred over Rs 1,500 crore in salaries and other benefits for medium and large enterprises." Launched...

U GRO Capital launches end-to-end lending platform ‘Sanjeevani’ to help 500,000 MSMEs

In a bid to help the pandemic hit MSMEs, U GRO Capital, a Mumbai-based fintech company, on Saturday announced the launch of "Its end-to-end...

HUDCO records 87 percent increase in Q4 profit at Rs 440.91 crore

State-run finance provider HUDCO on 26 June reported an 87 percent increase in its consolidated net profit to Rs 440.91 crore for Q4. In a...

Instamojo launches ‘InstaCash’ to help pandemic hit MSMEs

Bengaluru based fintech startup Instamojo has announced the launch of 'InstaCash'a working capital product for merchants selling on its platform. In a statement issued, Instamojo...

Yandex agrees with Sberbank to reorganize Yandex Market and Yandex Money

Russian technology giant Yandex on Thursday said, "It has entered into a binding agreement with Sberbank to reorganize two of their joint ventures: Yandex.Market,...

Google Pay says, “Our platform is fully protected as it works with banks to allow payments through UPI”

After the Reserve Bank of India (RBI) told the Delhi High Court that, "As Google Pay does not operate any payment systems, it does...

Microfinance lender Satin Creditcare to raise Rs 120 crore through rights

Gurugram-based Microfinance lender Satin Creditcare Network Ltd (SCNL) is reportedly planning to raise to Rs 120 crore through a rights issue of shares. In a...

ICICI Bank allots 12,603 equity shares under ESOS

India-based private lender ICICI Bank has announced the allotment of 12,603 equity shares under the Employee Stock Option Scheme (ESOS). In a filing with the...

Market Watch: EU heads of state to discuss the recovery plan today

The Bank of England kept rates unchanged and expanded its asset purchases by GBP 100bn to GBP 745bn. The BoE would have held back...

Market Analysis: Focus will be on the Bank of England MPC meeting

Levels across currencies are pretty much unchanged overnight. Focus today will be on the Bank of England policy. While it is expected to leave...

IDFC First Bank secures Rs 2,000 crore through allotment of preferential shares

Mumbai-based IDFC First Bank has raised nearly Rs 2,000 crore by issuing shares on a preferential basis to its promoters and others. In a filing...

IDFC Group sells 100 percent stake in IDFC Securities for Rs 86 crore

Private lender IDFC Group on Thursday announced, "It has completed the 100 percent equity stake help in IDFC Securities Ltd for Rs 86 crore." In...

SBI to raise $1.5 billion through bonds

India's largest public bank State Bank Of India (SBI) on Thursday said, "Its board has approved the plan to raise to $1.5 billion through...

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