Pine Labs confidentially files for an IPO in the U.S: Report

Fintech platform Pine Labs has confidentially filed for an IPO with the U.S. Securities and Exchange Commission (SEC), Bloomberg news reported on Monday, citing close sources privy to the matter. Pine Labs has so far not commented on this report. This development has come to the fore barely days after SBI, India’s largest bank,…

ByGirish ShettiJanuary 10, 20220Comments

Funding News

KreditBee grabs $75Mn funding boost, opens door for exit of Chinese investors

Credit lending and Fintech startup KreditBee has got a $75 Mn funding boost that will help the Bengaluru based company in ramping up its loan portfolio. The funding infusion was part of the series C round that saw participation of Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and other investors. KreditBee Logo The round…

ByGirish ShettiFebruary 15, 20210Comments

Funding News

Micro-enterprise focused digital Lender Aye Finance raises Debt Funding

Fintech startup Aye Finance has raised debt funding worth $10 Mn from Cataylst Trusteeship Limited. This development was first reported by the news portal Inc42. The funding has reportedly happened through Cataylst’s two investment arms – AAV Sari and Masala Investment Sari. Logo of fintech startup Aye Finance...Image source: Techpluto This is Delhi based startup’s second fundraising…

ByGirish ShettiDecember 28, 20200Comments

Funding News

Pine Labs Valuation exceeds $2 Bn after fresh Capital Infusion

B2B Fintech startup Pine Labs, which offers POS solutions to merchants, has witnessed fresh bump up in its valuation following fresh capital infusion. The startup on Monday announced that it has raised undisclosed amount of funding from Lone Pine. Logo of fintech startup Pine Labs Pine Labs is currently India's third-largest Fintech startup following Paytm and PhonePe.…

ByGirish ShettiDecember 21, 20200Comments

Funding News

Exclusive: Sequoia backed Finova Capital raises INR 15 Crore Debt from Bank of Baroda

NBFC and Fintech startup Finova Capital, which offers loans to MSME and small enterprises, has raised 15 crore debt from Bank of Baroda (BOB). The fresh debt funding has come after it raised $15 Mn in series B equity funding round in March this year. According to the regulatory filings, Finova Capital has issued 150 non-convertible…

ByGirish ShettiSeptember 4, 20200Comments

Funding News

Fintech startups Slice and Aye Finance raise funds

Fintech and credit startup Slice has scooped up INR 46 crore in a pre-series B round. Japanese investor Gunosy spearheaded the round while Kunal Shah of Cred also participated in the round. American investment firm EMVC, Better Capital and existing investor Das Capital were among other participants. The company said that the latest funding will help…

ByGirish ShettiJune 25, 20200Comments

News

25 Fintech startups to receive assistance from ICICI Securities

NSRCEL, an incubation center promoted by the Indian Institute of Management Bengaluru (IIM-B), on Monday announced that nearly 25 shortlisted Fintech startups will be enrolled for a 15-month extensive program. Many of these lucky startups may even receive funding from the CSR fund of ICICI Securities – one of the leading financial services of India. Image…

ByGirish ShettiJune 8, 20200Comments

News

Exclusive: Mswipe denies reports of fund crunch; Claims Company has enough funds

B2b Fintech startup Mswipe has categorically denied reports that it is facing any fund crunch and is desperately looking for getting acquired. Earlier today, a leading media portal had reported that Mswipe is running out of funds and is in talks with companies like Paytm and Bharatpe for a sellout. The news portal cited the…

ByGirish ShettiApril 24, 20200Comments

interviews

Current Economic Slowdown is temporary, Claims LoanTap’s CEO in Exclusive Interview

The dominant narrative around India’s Fintech sector has mostly revolved around payment and mobile wallets, with today many B2C and B2B players competing in these categories having already achieved brand status. However, amid the entire deafening chorus around payment and mobile wallets, digital credit startups like LoanTap are enacting an unlikely success story that is…

ByGirish ShettiDecember 5, 20190Comments

Funding News

Pine Labs may be the Next Entrant in India’s Unicorn World

It has been raining unicorns for Indian startup Industry during last one and half years. India has witnessed as many as 10-15 unicorns during the same period. Of course, India is still no match to U.S. and China as both these countries comparatively boast far greater number of startups carrying valuation of more than $1…

ByGirish ShettiOctober 10, 20190Comments

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