As part of the launch preparation Revolut is hiring 300 people in India - and it's just the beginning.

#revolut #Asia #india #expansion

Indian #FinTech Money View lands $75m Series D funding

The Bangalore-based #fintech has partnered with more than 15 financial institutions to provide credit and financial services products on its platform.

#financialservices #money #funding #India #Asia

Mumbai and Bengaluru-based digital banking and financial services startup, Jupiter announced that it has facilitated Employee Stock Options (ESOPs) for several of its employees (past and present) across the company. The two liquidity transactions for the same have totaled up to approximately $4 million

Jupiter, which was in stealth mode till October 2021, has now emerged as the leading consumer-focused digital banking services company in India. The platform has onboarded close to 800,000 users since its inception in 2019 and has partnered with the Federal Bank to provide bank accounts to its customers.


#india #asia #banking #digitalbanking #financialservices #bank

Philippine technology startup Voyager Innovations, Inc. said on Tuesday it has raised $210 million in its latest funding round, making the company the country's second "unicorn" with a valuation of more than $1 billion.

#Asia #philippines #fintech

Indian alternative #B2B financing start-up Recur Club has raised $30 million in seed funding made up of a combination of equity and debt allocation from InfoEdge Ventures, Village Global and Titan Capital, among others.

The #fintech claims more than 5x growth over the last two quarters and is working with more than 550 companies with $150 million of annual recurring revenue listed on the platform.

#India #Asia #growth #funding #financialinclusion

ICICI Bank, an India-based private sector lender, has launched a digital platform to address the needs of the students aspiring to pursue higher education.

Called "Campus Power", the platform caters to the needs of the entire student ecosystem comprising students, parents, and institutes.

#lending #platform #student #loans #asia #india

In a measure aimed at deepening financial inclusion, Prime Minister Narendra Modi will dedicate 75 Digital Banking Units (DBUs) to the nation on October 16 at 11 am via video conferencing.

He will also address the gathering on the occasion.

Finance Minister Nirmala Sitharaman had in her budget speech for 2022-23 announced the setting up of 75 DBUs in 75 districts of the country to commemorate the 75 years of independence of the country.

#finance #inclusion #digitalbanking #India #Asia #digitalbanking

Fintech company Moneyview on Monday announced it has raised $75 million in its ongoing Series E funding led by UK-based asset manager Apis Partners, at a valuation of $900 million.

#fintech #funding #moneyview #India #Asia #investment #fintechnews

Indian #fintech KreditBee has raised an additional $100 million in a funding round, it said, as the lender looks to scale its business in the South Asian market.

The new cash infusion is part of the larger Series D funding, which KreditBee said has now closed at $200 million. The new funding, led by Advent International, values the Bengaluru-headquartered startup at about $680 million, according to a source familiar with the matter.

#business #funding #startup #India #Asia #investment #KreditBee #AdventInternational #fintechnews

India’s fintech SaaS platform Mintoak has raised US$20mn in Series A funding led by PayPal Ventures, as the company targets expansion into new markets in the Middle East, Africa and Southeast Asia.

#asia #india #fintech #saas #platform #paypal #fintechnews #funding #markets

Asia’s best digital bank 2023: 카카오뱅크 Kakaobank

There is perhaps no other digital bank anywhere in the world like 카카오뱅크 Kakaobank. Many pure-play digital banks seem to have an in-built ceiling: at a specific point, organizational flaws appear, they cease adding new customers and start to appear more dysfunctional than disruptor.

#bank #asia #digital #neobank #fintech #best #baas #fintechnews

Indian unicorn fintech slice is merging with North East Small Finance Bank, they said Wednesday after receiving the approval from the central bank, in an Indian unicorn fintech Slice secures rare approval from the Reserve Bank of India to merge with North East Small Finance Bank.

#slice #northeastsmallfinancebank #merge #unicorn #india #asia #fintech #fintechnews

Leading Indian payments firm Paytm has lost US$1.2bn (or 20%) of its market value after the Reserve Bank of India (RBI) ordered its payment bank to halt operations, ceasing all activity on its app from March.

The action of the RBI is set to markedly hit Paytm’s core business, damaging its credibility as a payments provider at the very least.

#paytm #unicorn #loss #payments #India #Asia #fintech #fintechnews