Tag: India
Indian unicorn Digit Insurance hits $4bn valuation
Indian InsurTech unicorn Digit Insurance has reportedly raised INR 417 crore ($54.6m) in fresh funding, which brings its valuation to $4bn.
Neobank Open becomes India’s 100th unicorn
Indian neobank Open has reportedly become the 100th unicorn in India, after it closed a Series D.
Koshex said to close $2.1m in seed funding for investing app
India-based FinTech company Koshex has reportedly raised $2.1m in its seed funding round, which was led by Y Combinator.
FinTech unicorn Pine Labs raises more capital
FinTech unicorn Pine Labs has received a $50m investment from London-headquartered investment firm Vitruvian Partners.
RBI bars Paytm Payments from customer onboarding amid concerns
The Reserve Bank of India (RBI) has directed Paytm Payments Bank to stop onboarding new customers due to ‘certain material supervisory concerns’ observed in the bank.
India’s Money View hits $625m valuation
India-based FinTech platform Money View has closed its Series D funding round on $75m, which values the business at $625m.
Sokin brings digital payments wallet to remittance giant India
Next-generation payments provider Sokin has launched its digital payments wallet in India, a market that generates a huge $87bn in remittances per year.
InsurTech startup ClaimBuddy collects pre-Series A
ClaimBuddy, which is based in India, has reportedly raised $3m in its pre-Series A funding round.
India’s Perfios hits $2bn valuation after Series C close
India-based Perfios, which builds financial statement analysis software, has reportedly reached a valuation of more than $2bn.
Indian neo bank Niyo scores $100m Series C
Consumer neo-banking platform Niyo has raised $100m for its Series C, as it looks to shift gear on its mission to transform banking in India.
