SaveSage, an AI-driven personal finance startup, has raised $1 million in a pre-seed funding round aimed at transforming the way Indians manage credit card and travel loyalty rewards. The round was led by Bhavesh Gupta, with participation from prominent investors including N. R. Narayanan, Lalit Wadhwa, DSP Family Office, Venture Catalysts, and Suvrat Sehgal. The funding comes in a mix of equity…
Paytm, the Gurugram-based fintech giant, has made a significant announcement – former IAS officer Bimal Julka will join as a Non-Executive Independent Director starting January 20, 2025. This move aims to strengthen Paytm’s governance and boost its strategy as the company gears up for global expansion. But who is Bimal Julka, and how will his appointment impact Paytm’s future?
In this…
Delhi-based Fintech Startup CredFlow Raises Funds to Revolutionize Cash Flow Management for Small Businesses
Introduction: A Game-Changer for SMEs in India
CredFlow, a rapidly growing fintech startup based in Delhi, has successfully raised $3.7 million in a pre-Series B funding round. The round was led by Inflexor Ventures, along with backing from a Singapore-based family office. This new capital…
In a remarkable display of growth, Groww Invest-Tech Private Limited, the stockbroking arm of the fintech giant Groww, reported a staggering Rs 2,900 crore in revenue for FY24, a 2.4X increase from the previous year. Even more impressive is the company’s profit surge, which skyrocketed to Rs 298 crore—more than four times what it earned in FY23. This news underscores not just the success of…
MobiKwik, the digital financial services platform, has marked a significant achievement by reporting its first-ever full-year profitability for FY24 after 15 years of operating at a loss. The company announced a Profit After Tax (PAT) of ₹14.08 crore, a substantial turnaround from the ₹83.81 crore loss in FY23. This milestone has boosted MobiKwik’s confidence as it prepares for its Initial…
