India
India Emerges as a Key Player in the Global Fintech Landscape
The fintech industry in India is experiencing rapid growth due to various factors. One of the primary drivers is the increasing penetration of the internet and smartphones, enabling access to digital financial services. Additionally, the country’s large and young population
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Thought Machine Goes on Hiring Spree Amidst Massive Tech Layoffs
Thought Machine, a cloud-native banking technology company, will increase its global headcount by more than 20% in 2023 by hiring in India, Japan and South Africa. As part of the next phase of its expansion plans, Thought Machine said that
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Singapore and India’s Real-Time Payments Linkage Goes Live
The real-time payments linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI) has officially gone live today. This will enable customers of participating financial institutions in Singapore and India to send and receive funds between bank accounts or e-wallets
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India Bets on Digital Banking to Improve MSME Access to Finance
India, a world leader in digital payments and fintech innovation, is entering the next phase of its digital finance transformation, now eyeing the prospects of digital banking to address the credit gap faced by micro, small and medium-sized enterprises (MSMEs).
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PhonePe Bags Another US$100M, Inching Closer to US$1B Fundraise Target
Indian digital payments company PhonePe has raised an additional US$100 million following the recent US$350 million financing round that closed on 19 January 2023. The latest raise from Ribbit Capital, Tiger Global and TVS Capital Funds places PhonePe’s pre-money valuation at US$12
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India’s InsuranceDekho Secures US$150 Million Series A
Indian insurtech firm InsuranceDekho has raised US$150 million in Series A funding round consisting of a mix of equity and debt. The round was led by Goldman Sachs Asset Management and TVS Capital Funds with participation from Investcorp, Avataar Ventures
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7 Key Fintech Takeaways from India’s New Budget
The Union 2023-24 budget, presented by the Finance Minister of India, Nirmala Sitharaman is a landmark event that holds immense significance for the country’s financial sector, particularly regarding fintech. India is one of the fastest-growing fintech markets globally, with an adoption
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Top 10 Most Well-Funded Fintechs in India
2022 was a turbulent year for startup fundraising. In India, although fintech funding dipped 35% in 2022, the country maintained its position as one of the top three countries for fintech funding, with startups in the sector successfully securing a
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5 Homegrown Fintech Startups from India We’re Watching in 2023
Until fairly recently, fintech startups from India that showed promise had to move their base to more favourable climates to get the sort of valuations, better fundraising opportunities, and better taxation structures. Singapore, Dubai, and the US were all more
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Kerala Embraces Digital, as India’s Banking Ambitions Grow
Even as India is going about the implementation of 75 fully digital banking branches throughout the country, including making allocations for rural areas in the 2022-2023 budget, Kerala claims it has emerged as the first state in India to go
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