Friday, November 22

Tag: fintech startup

Fintech Startup Circle Introduces Crypto US Dollar
16May By Lavina TolaniNo Comments
USA

Fintech Startup Circle Introduces Crypto US Dollar

The Goldman Sachs Backed startup Circle has announced a new cryptocurrency pegged to the dollar and a $110 million investment round led by profitable crypto-mining company Bitmain on Tuesday. The company is rolling out a digital version of the U.S dollar with a cryptocurrency pegged to it. Interestingly, Circle is one of the most well-funded blockchain startups with Baidu and Goldman Sachs at its foreman investors. The fintech company is involved in its peer-to-peer payment network operations using blockchain, the technology that underpins bitcoin.   Circle founders @psneville and @jerallaire took the stage at #Consensus2018 earlier today to announce Circle USDC, a price-stable tokenized US dollar coin. Learn more about it here: https://t.co/8fZN6vDryb — Circle (@circlepa...
Read More
Micro-Lender Aye Finance Raises $3.8 Mn From Hinduja Leyland And Others
19Feb By Sabhyata AgarwalNo Comments
FUNDING

Micro-Lender Aye Finance Raises $3.8 Mn From Hinduja Leyland And Others

Aye Finance, a Fintech company providing loan to micro, small and medium enterprises has raised $3.8 Mn (INR 25 Cr) from three investors including including Hinduja Leyland Finance and IntelleGrow. The investment took place through a securitisation deal, facilitated by Vivriti Capital. Aye Finance, which was founded by bankers Sanjay Sharma and Vikram Jetley in 2014, have previously secured $6.28 million from IFMR which happened less than a month ago. It also bagged $1.5 Mn (INR 10 Cr) in a similar kind of  securitisation deal in July 2017. Speaking of the current funding and two of the investors Hinduja Leyland Finance and IntelleGrow, Sanjay Sharma, Co-Founder and Managing Director of Aye Finance said, “I believe if India has to rise with a social balance, the micro businesses at ...
Read More
Fintech Among Top 5 Sectors For Funding In 2016: Deloitte
20Jul By Press Trust of IndiaNo Comments
ANALYSIS

Fintech Among Top 5 Sectors For Funding In 2016: Deloitte

Indian FinTech is one of top five markets by value of capital funding and investments in the sector with nearly USD 270 million of funding in 2016, according to a recent report. The report also noted that in medium-term fintech players will consolidate th (more…)
Read More
Fintech Startup Fincash Raises Funding By Industry Stalwarts
19Jun By RishabhNo Comments
FUNDING

Fintech Startup Fincash Raises Funding By Industry Stalwarts

Fincash.com, a startup in the personal finance space in India has raised a round of funding from a number of industry stalwarts and HNI investors. Fincash.com focuses on the money market space in India for retail investors and seeks to get customers onboard with its solutions that it provides to potential investors. “Today, the folios in the mutual funds industry have crossed 5 Cr mark, with unique folios being much lower, hence penetration levels in India are in the 1-2% range, developed market show penetration levels of over 50%” says, CEO – Gaurav Perti, citing the potential that exists in the Indian markets.   While fintech funding declined in 2016, a recent KPMG report said, the trends in 2017 are being keenly watched. India is a space where a digital transformation is under...
Read More