India
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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Mastercard Appoints Gautam Aggarwal as Division President for South Asia
Mastercard today announced the appointment of Gautam Aggarwal as Division President for South Asia & Country Corporate Officer, India, effective January 1. Gautam takes the mantle from Nikhil Sahni, who is assuming a new regional role within the company. With
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India’s Central Bank Spurring a Digital Payments Boom
India’s Central Bank has been digitising the country’s payment process at a rapid speed. The digital payment index (DPI), a metric used by the Reserve Bank of India (RBI) to determine the growth of digital payments across the country, rose to 349.30
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Indian Fintech Signzy Secures US$26 Million in Funding Round Led by Gaja Capital
India-based digital banking infrastructure enabler Signzy announced that it had raised US$26 million in a funding round led by private equity firm Gaja Capital. The round was also joined by its existing investors Vertex Ventures and Arkam Ventures. According to
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Despite Soaring Funding and Valuations, Indian Fintechs Struggle to Turn a Profit
India’s fintech industry has grown as a rapid pace over the past years, and stands today as the world’s third largest fintech startup hub. Locally, fintech companies raised a staggering US$29 billion in funding in the first seven months of
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MAS Collaborates With India’s IFSCA to Drive Fintech Innovation
The Monetary Authority of Singapore (MAS) and India’s International Financial Services Centres Authority (IFSCA) has signed a co-operation agreement to facilitate regulatory collaboration and partnership in fintech. Based in Gujarat, IFSCA is a unified authority for the development and regulation
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