KreditBee raises $70Mn in extended series C round, early stage investors make exit

Fintech startup KreditBee's holding entity Finnov has secured an additional $70 Mn in an extended series C round. With the fresh capital infusion, the company has officially concluded its Series C round. The latest capital infusion was spearheaded by TPG-backed NewQuest Capital Partners and Motilal Oswal Private Equity. The follow up Series C round also had…

ByGirish ShettiMarch 22, 20210Comments

Artificial Intelligence

AI Fintech startup Recko bags $6 MN from Vertex

Artificial Intelligence Fintech startup Recko has raised $6 Mn in series A round. Vertex Ventures spearheaded the round with existing investor Prime Venture Partner also taking part in the round. Vertex Ventures is actually the investment arm of the Singapore government owned investment company Temasek. Recko co-founders Saurya Prakash Sinha (L) and Prashant Borde (R) Recko said…

ByGirish ShettiApril 3, 20200Comments

Funding News

Bengaluru based Fintech startup Perfios Raises $50 Mn from PE Investors

Today Fintech startups are largely credited for simplifying the hassles of our day-to-day payment. However, they can equally play a big role in clearing the mess of non-performing assets (NPAs) that is currently plaguing the growth of India’s banking sector. One such startup happens to be Perfios, which has just announced a fresh funding round.…

ByGirish ShettiNovember 20, 20190Comments

interviews

PayMate Plans to go Full-throttle on International Expansion

Mumbai headquartered PayMate has come a long since its inception days of 2006. From being India’s first mobile payment provider that helped people to receive & make payment through SMS to making an important pivot and then eventually becoming one of India’s most successful B2B Fintech startup. Today PayMate most certainly epitomizes the journey of…

ByGirish ShettiSeptember 3, 20190Comments

News

Capital Float buys Personal Finance startup Walnut for $30 Mn

Fintech startup Capital Float has acquired personal finance management firm Walnut for $30 Mn. The deal marks Capital Float’s first ever acquisition, which comes on the back of its recent foray into the consumer financing space. On the outset, the acquisition seems to have been done to consolidate Amazon and Sequoia backed company’s newly launched…

ByGirish ShettiAugust 21, 20180Comments

News

Fintech startup Lendingkart Hires Mukesh Singh as new CTO

Lendingkart hires Mukesh Singh as new CTO. Fintech startup Lendingkart has hired Mukesh Singh as its new CTO (Chief Technology Officer), according to statement issued by the company. An alumnus from Indian Institute of Management (IIM) Bengaluru, Singh previously worked in SaaS startup SirionLabs and had a brief stint in Bitzer Mobile ( later acquired by…

ByGirish ShettiAugust 30, 20170Comments

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