December 17th, 2018
Bank of China has signed a strategic cooperation agreement with the All-China Federation of Industry and Commerce to further expand financing channels for private companies, especially small businesses, to expand their footprints globally.
"As part of BOC's efforts to support private companies, the strategic cooperation will help the...
July 27th, 2018Digital money lending startup, Aye Finance has raised USD 10 million in debt funding from Triple Jump BV and MicroVest Funds, through the issuance of non-convertible debentures. This is the 10th financing round for Aye Finance in the year 2018, the company informed in a statement. Since January, it has cumulatively raised ₹255 crore of...
June 1st, 2018Another Lending Platform CoinTribe raises over $10 million equity capital in Series-B round led by Sabre Partners along with participation from existing investor, Puneet Dalmia.
In last one month, twelve fintech companies raise funding, the average range of funding is from $250000 to $15 million.
Gurugram based...
May 31st, 2018Hyderabad-based fintech startup CredRight raises 9 Crore from Accion Venture Lab, YourNest, an early stage venture capital fund along with other individual investors.
Lending platform CredRight provides a loan to unserved and underserved micro, small, and medium enterprises (MSMEs).
The company partners with chit funds, which are...
May 15th, 2018Mumbai- 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...
May 15th, 2018Gurugram based fintech platform Aye Finance raises another Rs. 30 crores debt funding from India's leading public sector bank State Bank of India (SBI).
Earlier Aye Finance raises Rs 30 crores as debt financing from BlueOrchard Finance Ltd. Also, this is the second time that the SBI has extended a debt facility to Aye to lend more...
April 28th, 2018Capital Float, a leading digital lender platform announced that it raised a debt-funding round of Rs 48 crores from Triodos Investment Management (Triodos IM), an asset management company based in Netherlands and owned by Triodos Bank, a global leader in sustainable banking.
Capital Float raised over $107 million as equity funding...
April 25th, 2018Kenya based Tala, the leading global technology company committed to financial inclusion, will bring its popular consumer lending app to India.
The expansion was announced along with a new $50 million Series C funding led by Revolution Growth to scale up the success already in progress. Tala has also recently raised an additional $15...
March 28th, 2018SmartCoin, a Bengaluru based Fintech startup raises $2 million funding in pre-Series A round from a top Chinese VC fund and Accion Venture Lab.
An existing investment group Unicorn India Ventures also participated in the round, along with ISME ACE, a leading fintech accelerator.
This funding round will use to expand the team...
February 13th, 2018Ahemdabad based India's leading fintech platform Lendingkart raises $87 million (565 crore) from Singapore based investment firm Fullerton Financial Holdings. Fullerton Financial Holdings is a subsidiary of Temasek Holdings (Private) Limited.
Lensingkart has also signed a MoU (Memorandum of Understanding) with Fullerton India...
February 1st, 2017It would not be an exaggeration to state that the SME sector is one of the most critical contributors to the growth of the Indian economy. In spite of its large size, and the vital role it plays in the country’s economy, the Indian SME sector suffers on account of adequate financial access. Lack of awareness, poor access to banking...
