Digital lending startup Qbera which is headquartered in Bengaluru has raised funds amounting to $3 million (about Rs 21.5 crore) in its first institutional fundraising since its establishment. The funding is an all-equity deal led by E City Ventures which is a subsidiary of Essel Group. The funds raised in this fresh funding round are planned […]
The subsidiary of investment bank Ambit Group called Ambit Finvest has reportedly acquired Finmax Credit & Finance, a unit of fintech firm Finmax that finances small and medium enterprises. The details regarding the finances has not been disclosed yet. This acquisition is expected to give a significant direction and goal to Ambit Finvest’s strategy to diversify its asset […]
Bengaluru-based P2P lending company Finzy has reportedly secured an amount of $2.3 million in funding, which included the first tranche of $1.3 million raised in March this year. In this tranche, the company raised the remaining $1 million. The names of the investors have not been revealed, however, the company stated that senior professionals of the […]
Delhi based lending platform Prest Loans raises $2.5 Mn (appr. Rs. 16.5 Crore) debt funding from multiple lenders including AU Small Finance Bank, INCRED, MAS Finance, Northern Arc Capital (earlier IFMR) and other who have been with the company from very early stage itself. The company has seen 10X growth in lending on YoY basis […]
Mumbai-based digital lending company PaySense has reportedly raised an amount of $18 million in its Series B funding round. This particular round was led by PayU. The funding round also saw the participation of existing investors including Jungle Ventures and Nexus Venture Partners. PayU had also participated in the Series A round, and this time it invested […]
IndiaLends, a New-Delhi based digital lending and borrowing marketplace has raised $10 million (about Rs 69 crore) in a Series B funding round. The funding round was led by ACPI Investment Managers (London-based asset management firm) and Ganesh Ventures (India-focused venture capital firm). The latest funding round also saw the participation of existing investors such as […]
P2P money lending marketplace Monexo Fintech plans to raise an amount of $5 million in form of equity. The company plans to invest these funds in IT and infrastructure, which require spontaneous capital addition in the initial stages of any online business. Mukesh Bubna, the founder and CEO of the company said that they are […]
Online lending platform ‘LoanTap’ has successfully secured an amount of $6.25 million (Rs 42.83 crore) in an equity funding round. The round was led by Shunwei Capital, which is a Beijing-based venture capital firm. Apart from Shunwei Capital, the funding round also witnessed the participation of Tuscan Ventures (Mumbai-based private investment company) and Ashish Goenka […]
Digital Micro-Lending Platform SMECorner has raised around $7 million ( Rs. 47.5 crores) from NBFC Capital First Ltd and a clutch of investors including Accion Ventures. The capital raised is a mix of debt and equity with 25 crores in debt and Rs. 22.5 crore in equity. Post the investment, Capital First will own a […]
Digital Payment Firm Paytm is all set to invest $5-10 million (roughly Rs.33.5-67 crore) in a Mumbai headquartered digital lending startup CreditMate, for the second time in a round of funding after it infused an undisclosed sum in late 2017. Though CreditMate chief executive officer Jonathan Bill has refused to give any confirmation on the […]
Xiaomi, the leading Chinese smartphone company, has announced the launching of its first lending product in India similar to the Mi Credit, a microlending product it already offers in China. The credit product, which was launched in collaboration with lending platform KrazyBee, is already available and will be officially announced in the coming few weeks, […]
Mumbai- India’s payment startup PayMate announced the acquisition of Z2P (Zaitech Technology Pvt. Ltd.), a digital lending platform which provides hassle-free and real-time credit using social and banking data along with proprietary analytics and AI. The acquisition is expected to be completed by May 2018 and it follows the announcement in February of this year by PayMate […]