Tuesday, June 19, 2018
Tags India

Tag: India

Aye Finance reels in $21.5m to lend to Indian SMEs

Aye Finance, an India-based provider of loans to small businesses, has raised $21.5m through its Series C funding. For more details about this and other deals, as well as in-depth expert perspectives, articles, data and analysis please visit FinTech.Global

PayPal, Temasek said to invest $125m into payments processor Pine Labs

Digital payments company Pine Labs has reportedly secured $125m in funding from PayPal and Temasek Read more: fintech.global

India-based InsurTech platform Acko raises $12m

Online insurer company Acko General Insurance has raised a $12m funding round led by Amazon. Read more: fintech.global

ToneTag said to raise between $8m to $10m

Contactless payment platform ToneTag has reportedly raised between $8m and $10m in its latest funding round. Read more: fintech.global

India won’t pay for Venezuelan oil with ‘Petro’ crypto

Despite being offered a reported 30% discount in crude oil imports from Venezuela for payment in petro, India has no plans to use the South American nation’s crypto Read more: www.ccn.com

Toffee Insurance bags $1.5m Seed to support team expansion

India-based digital insurance platform Toffee Insurance has closed a $1.5m Seed round. Read more: fintech.global

Paytm accused of sharing data with Indian Govt

The digital wallet company Paytm is being accused of sharing the personal data of its customers with the government after an executive, Ajay Shekhar Sharma, Read more: www.pymnts.com

Walmart said to acquire 77% stake in Flipkart through $16bn deal

US retail corporation Walmart is reportedly acquiring a 77 per cent stake in e-commerce marketplace Flipkart in a $16bn deal. Read more: fintech.global

India SC claims all petitions against crypto blockade

The Supreme Court (SC) of India has barred all high courts from filing petitions against the central bank’s (RBI) crypto-curbing circular from April. Read more: www.ccn.com<

PayMate: India’s SME lending watershed

>In India's SME segment, bank loans aren't always easy to come by. According to CEO Ajay Adiseshan, B2B payments firm PayMate has thrown its Read more: www.pymnts.com