India
B2B Payments Firm PayMate Expands Reach to Singapore, Australia, and Malaysia
PayMate, a Mumbai-based digital business-to-business (B2B) payments company, announced its expansion into Singapore, Australia, and Malaysia. Within less than a year, PayMate has established subsidiaries in the Asia Pacific (APAC) and Central and Eastern Europe, Middle East, and Africa (CEMEA)
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Google’s New Initiatives: Expanding Credit Access, Combating Online Fraud in India
Google has unveiled a series of initiatives at their annual “Google For India” event including bridging the credit gap, fostering generative AI and language inclusivity with a new center, and enhancing online safety and security. Addressing the significant issue of
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7 Indian Fintech Ventures Recognized Among Most Promising Startups
Market intelligence platform CB Insights and professional network Linkedin have released their respective lists of the most promising and fastest-growing tech startups to watch closely. CB Insights’ 2023 Fintech 100 list, unveiled on October 03, 2023, features 100 private market
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India’s InsuranceDekho Raises US$60M in Second Fundraise for 2023
Indian insurtech firm InsuranceDekho has raised US$60 million in a Series B funding round, its second fundraise this year following its US$150 million Series A in February. The round, which is a mix of equity and debt, was led by
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Top 10 Most Well-Funded Indian Fintech Companies as of September 2023
Fintech funding in India continued its downward trend this year, carrying on a trend that started in 2022 as rising interest rates, fears of a looming recession and a bear market for technology stocks prompted investors to put the brakes
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Razorpay Acquires Digital Invoicing Startup BillMe
Indian payment gateway provider Razorpay announced that it has acquired BillMe, a Mumbai-based digital invoicing and customer engagement startup. Details of the deal was not disclosed. Founded in 2018, BillMe serves over 15,000 retail points of sale for over 4000
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Coinbase Clarifies That Not All Indian Users Affected by Account Shutdowns
Cryptocurrency exchange Coinbase informed its existing Indian users who did not meet the company’s updated standards that they will have to withdraw their funds by 25 September. TechCrunch reported on 11 September that Coinbase India customers were reportedly told that
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Indian Fintech Perfios Raises US$229M Series D Led by Kedaara Capital
Perfios, an Indian B2B Software as a service (SaaS) firm, announced that it has raised US$229 million in its Series D funding round led by Kedaara Capital. The fundraise was a mix of a primary fund raise and a secondary
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YES BANK Expands e-Rupee Acceptance with UPI QR Code Integration
India’s YES BANK has enabled Unified Payments Interface (UPI) interoperability on the Reserve Bank of India’s (RBI) Central Bank Digital Currency (CBDC) app. This enables users to scan any UPI QR code through the YES BANK Digital Rupee app and
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Strong Support for CBDCs in Emerging Asia, But Concerns Loom
The rise of digital technologies has triggered a paradigm shift in the financial landscape, with central bank digital currencies (CBDCs) emerging as a crucial topic of discussion among policymakers and financial professionals globally. As the opportunities and challenges of incorporating
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