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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Online lending startup Capital Float raises $2.5 mn from IFMR Capital

ThinkstockPhotos-515894208Online lending platform Capital Float, operated by Bangalore-based Zen Lefin Pvt Ltd, has raised Rs 17 crore ($2.5 million) from Chennai-based non-banking financial company IFMR Capital Finance and its alternative investment fund by allotting non-convertible debentures (NCDs), a company spokesperson said. Capital Float, founded in 2013 by Stanford University alumni Sashank Rishyasringa and Gaurav Hinduja, […]

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Exclusive: Zouk Loans shuts online lending biz, pivots to Zouk Tech

Zouk-loans1Delhi-based Zouk Management Advisors Pvt Ltd has shut its business of lending to small- and medium-sized companies and has pivoted to become an enterprise software provider for financial institutions, its co-founder and CEO said. “We were in the SME lending marketplace space and we weren’t very happy with the adoption of technology within Indian SMEs. […]

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Former Housing.com CFO Ritesh Jain floats online lending startup with two others

Ritesh JainRitesh Jain, a former chief financial officer at Housing.com, has quit the real estate portal to launch an online lending platform along with two others. FlexiLoans, the new venture, disburses working capital loans to small and medium-sized companies, co-founder Manish Lunia said. The third co-founder is Deepak Jain, a former investment banker at Axis Capital. […]

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Former Housing.com CFO Ritesh Jain floats online lending startup with two others

Ritesh JainRitesh Jain, a former chief financial officer at Housing.com, has quit the real estate portal to launch an online lending platform along with two others. FlexiLoans, the new venture, disburses working capital loans to small and medium-sized companies, co-founder Manish Lunia said. The third co-founder is Deepak Jain, a former investment banker at Axis Capital. […]

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Online lending platform Capital Float raises $25 mn

funding-investment4Online lending platform Capital Float, operated by Bangalore-based Zen Lefin Pvt Ltd, has secured $25 million (Rs 170 crore) in a Series B funding round led by Creation Investments Capital Management. Existing investors SAIF Partners, Sequoia India and Aspada also took part in this round, the company said in a statement. This is the company’s […]

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