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 23rd, 2018 SaleBhai Internet Pvt Ltd, an online marketplace for specialty foods has filed a draft prospectus with the BSE's SME platform to launch initial public offering intending to raise about Rs. 24 crore.
The Ahmedabad based company that offers a varied marketplace for specialty food such as snacks, sweets, bakery items, dried syrups,...
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...
May 8th, 2018Are you a small business owner facing a crisis on the economic front? Has your business fallen on hard times and things seem unresolvable? Running a business is never a cakewalk, but sometimes it gets tough to make both ends meet.
In the dynamic age of technology that is driven by gadgets and everything going "smart", one can never be...
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 2nd, 2018Veritas Finance, a Non-Banking Financial Company (NBFC) based in Chennai received Rs 23 Crore as in debt financing from Incofin Investment Management which is a fund manager company based in Belgium. The NBFC first allotted 230 Non-Convertible Debentures (NCDs) worth Rs 10 lakhs each on March 26, 2018.
So far, Veritas Finance raised...
March 27th, 2018Indian Fintech startup Cash Suvidha raises $1 million pre-Series A funding from the set of investors including Initia Holdings Ltd, Vipin Agarwal, Partner in India Industrial Growth Fund and others.
The new funding round will use to facilitate further lending to SMEs, MSME, individuals and improve the technology...
March 21st, 2018Hyderabad-based financial company BASIX Sub-K iTransactions Ltd has raised Rs. 350 million funding to deepen their efforts towards greater financial inclusion in India.
The funds were raised from global nonprofit and financial inclusion pioneer Accion, and Nordic Microfinance Initiative (NMI), a public-private partnership, owned...
March 20th, 2018
Hyderabad based Nowfloats which helps small businesses to build an online presence has raised ?14.36 Cr funding. The funding round appears to be a bridge round from existing investors, Omidyar Network, Iron Pillar Capital & others.
As per the regulatory filing, Nowfloats had also secured 10 crore loan from Blacksoil Capital and...
February 19th, 2018Aye 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...
