Bharti Airtel picks stake in fintech startup Seynse

For-Airtel-Payment-Bank-Story_Mukul-Mudgal_feTelecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement. The value of the investment is not disclosed. Seynse has created the digital lending platform Loan Singh which provides consumers access to loans through its proprietary credit scoring engine, with a network […]

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French e-payments firm to buy fintech firm TechProcess

For-PayU-Story-TC_ThinkstockPhotos-512349742French e-payments firm Ingenico Group has agreed to buy Mumbai-based TechProcess Payment Services Ltd, the companies said on Tuesday, as Indian fin-tech companies continue to attract investors. The companies didn’t disclose the deal value, but a person associated with the transaction told VCCircle/Techcircle on the condition of anonymity that it was close to Rs 550-600 […]

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Exclusive: Online lending startup Loan Frame raises $2.25 mn seed investment

Loan FrameGurgaon-based fintech startup Loan Frame Technologies Pte Ltd has raised $2.25 million (Rs 15.3 crore) in seed investment led by Parag Saxena of Vedanta Capital, a top company executive told Techcircle. Other investors who participated in the round include Willian Campbell, former chairman of Chase Card Services, and Toos N Daruvala, co-CEO of MIO Partners, […]

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Payments startup instantPay secures pre-series A funding

pexels-photo-29781New Delhi-based SMSdaak India Ltd, which operates digital payments startup instantPay, has raised between $3 million and $5 million (Rs 20 crore to Rs 34 crore) in pre-series A funding from Singapore-based RB Investments and Kaleden Holdings. The capital will be utilised for geographic expansion and development of new products, a report in The Economic […]

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Exclusive: LetsMD raises additional angel investment

Funding_0008LetsMD, a fintech startup in the health space, has completed its angel round of investment with the participation of WaterBridge Ventures, co-founder Nivesh Khandelwal told TechCircle.in. Calcutta Angels Network (CAN), LetsVenture, a platform that connects startups with investors, Anupam Mittal, founder and chief executive of People Group, and Currae Healthtech Fund were the other investors […]

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Top 3 fintech mega trends impacting alternative asset management industry

Gurvinder-Image-(300-dpi)The key trends in the alternative asset management industry are all interrelated and represent a shift away from incumbent players reliant on largely analogue business models (i.e., those dependent on capital, people and specific locations) to a new set of digital disruptors. These disruptors will build their businesses from the ground up on cloud/mobile platforms, […]

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Fintech startup SERV’D gets $100K in investment

ThinkstockPhotos-539373306Fintech startup SERV’D, which provides financial services for the unorganised workforce, has received investment of $100,000 (Rs 67 lakh) from Digital Financial Service Lab (DFS Lab), a fintech incubator fully-backed by the Bill and Melinda Gates Foundation. The company, run by SERV’D Tech Pvt. Ltd, had participated in a bootcamp organised by the DFS Lab, […]

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PayU to launch new consumer credit business soon

ThinkstockPhotos-185431801Payment gateway provider PayU India is all set to launch its new consumer credit business this month. The new business, under the ‘Lazy Pay’ brand, will allow customers to complete the purchase without making the payment, PayU’s managing director Jitendra Gupta told Techcircle recently. Gupta, who has developed its credit underwriting business through Citrus Pay’s […]

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Digital payments firm FreeCharge ties up with grocery retailer Heritage Fresh

freeCharge_005Digital payments firm FreeCharge has entered into a strategic alliance with Heritage Fresh, a grocery retailer from South India, according to a press statement. With this partnership, payment though FreeCharge will be accepted at all 125 supermarkets of Heritage Fresh across Hyderabad, Bengaluru and Chennai. These transactions can be done in less than ten seconds […]

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