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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Lending startup Indifi raises $10 mn in Series B

For-Indifi-Story-TC_ThinkstockPhotos-544970538Gurgaon-based fintech startup Indifi Technologies Pvt Ltd, floated by angel investor and venture capital firm Canaan Partners’ former India chief Alok Mittal, has raised $10 million (Rs 66.5 crore) in a Series B funding round led by Omidyar Network — an investment firm founded by eBay founder Pierre Omidyar. The round also saw participation from […]

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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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Lendingkart appoints former Souq, PayUMoney execs at senior management positions

Chopra joins Lendingkart as chief revenue officer and Nirmal as SVP of productsLendingkart Technologies Pvt Ltd, which provides working capital loans to SMEs, has appointed Vishal Chopra as chief revenue officer and Nihit Nirmal as senior vice president – products division, it said in a statement. Prior to joining Lendingkart, Chopra was regional director at Souq.com, a Dubai-based ecommerce firm. An alumnus of ISB Hyderabad, Chopra was […]

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Online financing platform Lendingkart raises $32 mn in Series B funding

Seed_funding_junaidOnline financing platform for small and medium enterprises (SMEs) Lendingkart has raised $32 million (around Rs 205 crore) in its Series B funding round led by Bertelsmann India Investments (BII). The round also saw participation from Darrin Capital Management and existing investors Mayfield India, Saama Capital and India Quotient, according to a press statement. The […]

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