Saturday, August 18, 2018
Tags India

Tag: India

Financial inclusion solution launched by FSS in India

Financial Software and Systems (FSS), a payments technology and transaction processing company, launched FSS eFinclusiv, a second-generation financial inclusion Read more: thefintechtimes.com

Flipkart said to invest $65m into mobile payments app PhonePe

India-based e-commerce company Flipkart has reportedly invested $65m into its mobile payments app PhonePe. Read more: fintech.global

Paytm acquires India-based personal finance platform Balance.Tech

Paytm has acquired fellow Indian FinTech company Balance.Tech, a developer of personal finance solutions. Read more: fintech.global

Digit Insurance secures $44m to support launch of new insurance policies

India-based InsurTech startup Digit Insurance has secured $44m in its second round of funding. Read more: fintech.global

Draft privacy data bill doesn’t add up for fintech companies

Startups are seeking clarity on the penal provisions of bill, distribution of power, and storage of data. Read more: economictimes.indiatimes.com

Black Dragon sells stake in Indus to Ebix for $29m

Private equity firm Black Dragon Capital has sold its share in Indus Software Technologies to Ebix, in a deal worth $29m. Read more: fintech.global

Paytm says it didn’t share user data

Paytm, a digital payment company out of India, said Thursday that it didn’t share user data with investors or any foreign entities just one day after a member of Parliament. Read more: www.pymnts.com

OfBusiness receives $29m in Series C to support rapid growth

India-based OfBusiness has received Rs 200 Crore ($29m) in a Series C round led by Creation Investments and Falcon Edge. Read more: fintech.global

SRI Capital raises $100m maiden fund focused on tech opportunities in...

Early-stage venture capital firm SRI Capital has raised $100m for its maiden fund focused on technology opportunities in the US and India. Read more: fintech.global

Crowdfunding platform Wishberry said to raise $1.4m in Series A round

India-based crowdfunding platform Wishberry.in has reportedly collected $1.4m in its Series A round. Read more: fintech.global