Fintech in India News

India

India’s 16 Fintech Unicorns

Recently Kerala-based fintech startup Open Financial Technologies reached a US$1 billion valuation after closing a US$50 million Series D funding round. The round took Open Financial Technologies to unicorn status, joining India’s other 15 billion dollar fintech startups. Founded in

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India’s Insurtech Scene Sees Record Breaking Year for Funding

2021 was a record-breaking year for India’s insurtech industry which saw equity funding volume more than double and two startup reaching unicorn status. Moving forward, the industry is set to grow even more, on the back of supportive initiatives and

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Here Are The Top Trends Shaping India’s Payment Scene

India’s digital payments space has seen a massive boom over the past few years, a growth that’s been supported by an expanding e-commerce marketplace and the wider availability of acceptance infrastructure at physical stores. Building on the rise in digital

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Indian Crypto Exchange CoinDCX Raises Over US$135 Million in Series D Fundraise

Temasek-backed Indian cryptocurrency exchange CoinDCX announced that it has raised over US$ 135 million in an oversubscribed Series D funding round. The round was led by Pantera and Steadview with strong participation from prominent investors like Kingsway, DraperDragon, Republic, and

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Pine Labs Snaps up Majority Stake in Payment Solutions Firm Mosambee

Pine Labs, an Indian merchant commerce platform, announced that it has made a significant majority investment into Mosambee, a local and fast-growing end-to-end payment solution provider. This investment by Pine Labs will now value Mosambee at upwards of US$ 100

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Mastercard Invests in Indian Unicorn Zeta, Signs a 5-Year Partnership

Zeta, an Indian banking tech unicorn and provider of next-gen credit card processing to banks and fintechs, announced that it has signed a 5-year global partnership with Mastercard. As part of the agreement, the firms will go-to-market jointly to launch

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Is India Set to Become the Largest BNPL Market in the World Within 5 Years?

Rising demand for access to credit, a progressive regulatory landscape, and a massive addressable population are setting the foundation for India to become the largest market for buy now, pay later (BNPL). This will further be propelled by the meteoric

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Pine Labs Now Valued at Over US$5 Billion With US$50 Million Fundraise

Pine Labs, an Indian merchant commerce platform, announced a new investment of US$50 million from Vitruvian Partners, a London-headquartered international investment firm. According to a report by the Economic Times, this new round of funding has pushed Pine Labs’ valuation

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Japan’s MUFG Bank to Invest US$300 Million in Middle- To Late-Stage Indian Startups

MUFG Bank announced that it plans to invest US$300 million in middle- to late-stage Indian startups through the new MUFG Ganesha Fund. In the future, MUFG said that it will aim to leverage its group strengths to provide a wide

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India’s RazorPay Sees 611% Growth In BNPL Business Last Year

Razorpay, one of India’s leading payment getaways, has released the 10th edition of its (COVID) Era of Rising Fintech, outlining the growth it witnessed during the past year. Among the most staggering figures shared in the report, the company said

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