The Mumbai-based Fintech Startup Gains Big Backing from Z3Partners to Power the Next Wave of Digital Payments
Mintoak Secures Rs 71 Crore to Boost Merchant Services and Expand Global Reach
Mintoak, a Mumbai-based SaaS platform that powers digital payments and banking solutions for small and medium-sized enterprises (SMEs), has raised Rs 71 crore (approximately $8.2 million) in its latest…
Cashfree Payments, one of India’s leading homegrown payments and API banking platforms, has announced a major brand collaboration with Bollywood actor Rajkummar Rao. The actor will be the face of their exciting new campaign, “Move Fast,” aimed at showcasing the platform’s quick, reliable, and efficient payment solutions.
This collaboration highlights Cashfree Payments’ growing focus on…
Navanc, a promising fintech startup, has raised $1 million in a seed funding round aimed at transforming the way secured lending and property transactions are handled in India. The round was led by Prarambh Ventures and saw participation from several prominent investors, including Inflection Point Ventures (IPV), Brigade REAP, FirstPort Capital, and other angel investors.
The funds will help…
Mintifi Secures $180 Million to Expand Its Supply Chain Financing Platform
In a major boost for the fintech sector, Mumbai-based Mintifi, a leading B2B lending and supply chain financing platform, has raised $180 million in its Series E funding round. This round was co-led by Teachers’ Venture Growth (TVG) and Prosus, with participation from existing investor Premji Invest.
This funding marks an…
India’s Startup Ecosystem Shines Bright with Six New Unicorns in 2024
The year 2024 has been a remarkable one for India’s startup scene. Six companies have achieved the highly sought-after unicorn status—meaning they’re now valued at $1 billion or more. This impressive feat marks a huge jump from 2023, when only two startups made it to the unicorn club. With these new additions, India’s…
Introduction: PhonePe’s Bold Move to Discontinue Third-Party Partnership with Juspay
PhonePe, one of India’s leading digital payments platforms, has announced it will end its partnership with Juspay, a payment orchestration platform. This decision is a part of PhonePe’s strategy to directly offer payment solutions to its vast network of merchants. As a result, PhonePe will now handle the…
Overview of the Cyberattack on Signzy
In recent news, Bengaluru-based fintech startup Signzy has confirmed that it was struck by a cyberattack last week. The cybersecurity incident has raised concerns among its clients and investors. The Computer Emergency Response Team (CERT-In), which handles cybersecurity threats in India, is already on the case, taking appropriate actions with the concerned…
In an exciting development, WadzPay Worldwide Pte. Ltd., a leading blockchain-based technology provider, has secured a SGD $50 million investment commitment from GEM Global Yield LLC SCS. This funding will support WadzPay’s ambitious growth strategy, which includes acquisitions, partnerships, and organic growth initiatives.
This major investment signals a new chapter for WadzPay as it works…
In a ground-breaking partnership, Vegapay and Yes Bank are introducing a new way to access credit directly through UPI. This collaboration aims to make credit more accessible to millions of Indians, especially in a country where only a small percentage of the population has access to traditional credit cards.
A Game-Changing Partnership for Financial Inclusion
In a major move to expand credit…
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…
