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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Exclusive: The sort of Indian fintech startups Orange Growth Partners is looking to invest in

For-Fintech-Orange-Story-TC_ThinkstockPhotos-544970538Amsterdam-headquartered fintech investment firm Orange Growth Capital is setting foot in India. The three-year-old venture capital firm, which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. Operating out of Singapore in Asia, the firm has already entered Malaysia, Indonesia and Vietnam and will make investments in […]

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Wealth management app Fisdom raises $1.1 mn from Saama Capital

fisdom2Bengaluru-based Finwizard Technology Pvt. Ltd, which runs wealth management app Fisdom, has raised $1.1 million (Rs 7.3 crore) from Saama Capital. The company will invest these funds in technology, to expand its team and acquire customers, it said in a statement. Fisdom was founded by Subramanya SV, Ramganesh Iyer and Anand Dalmia in September 2015. […]

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Fintech firm Lendingkart acqui-hires loans marketplace KountMoney

Harshvardhan-Lunia_feFintech startup Lendingkart Group has acqui-hired KountMoney, an online lending marketplace for personal loans, to boost its technology and data analytics capabilities. Acqui-hire refers to the buyout of a company primarily for the skills and expertise of its staff, rather than for its products or services. The move is also likely to help Lendingkart in […]

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Why Freecharge badly needs a recharge

Freecharge-Investment_Shah-Junaid2The news report last week that Japanese telecom and internet conglomerate Softbank Group Corp is in talks to invest in FreeCharge was the third in as many months speaking of fund-raise efforts by ecommerce company Snapdeal for its digital payments arm. Around a month ago, two people in the know of developments at Jasper Infotech […]

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Exclusive: Fin-tech startup InMotion gets funding from 1mg founders, others

Durgesh Nandann, Co-founder, InMotionFin-tech startup InMotion Media Ventures Pvt. Ltd has received an undisclosed amount of funding from online drug marketplace 1mg’s founders Prashant Tandon and Gaurav Agarwal, a top executive at the Noida-based startup told TechCircle. Gaurav Bhogle, product marketing manager at Google Maps; Shrishti Sahu, director at Aqaya, Shantanu Mathur, country head at Knowlarity Cloud Telephony; […]

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