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Fintech

Fintech M&A Activity Led By Lending Sector In 2023; Start-Up Incorporations Drop By 70% From 2021

There have been around 30 acquisition deals in the Indian Fintech space in 2023 as compared to 37 and 29 deals in 2022 and 2021 respectively.

By Outlook Start-Up Desk 20 / 02 / 2024
Fintech
Agritech

Agrifood Fintech Platform Ayekart Raises $6.5 Million In Series A Funding

Ayekart provides fintech and supply chain solutions for traditional businesses in the agrifood value chain.    

By Outlook Start-Up Desk 19 / 02 / 2024
Left to right - Milind Borgikar Co Founder and CTO Kunjal Thackar Co Founder and CFO Debarshi Dutta
SaaS

Policybazaar Receives Regulatory Approval to Upgrade License to Composite Insurance Broker

The company aims to expand its operations nationwide by leveraging advanced technology, process control, and data analytics-driven innovations to enhance reinsurance capacity.

By Outlook Start-Up Desk 19 / 02 / 2024
Policybazaar
Fintech

RBI Action On Paytm Payments Bank Has Drawn Fintechs' Attention To Compliance Of Laws: Chandrasekhar

Rajeev Chandrasekhar said that the RBI order has drawn the attention of fintech players to the fact that the regulatory compliance is not an optional thing.

By Press Trust Of India 19 / 02 / 2024
Rajiv Chandrashekhar
Fintech

Digital Banking Platform Freo Secures Undisclosed Debt Investment From SIDBI

The digital banking platform said that the funds will provide growth capital to accelerate Freo’s pan-India reach.

By Outlook Start-Up Desk 15 / 02 / 2024
Anuj Kacker, co-founder of Freo
Fintech

ED Questions Paytm executives, Gets Documents On Latest RBI Action

As of now, no irregularities have been detected and a case under FEMA will only be registered once any contravention under the said law is found.

By Press Trust Of India 15 / 02 / 2024
Paytm
Fintech

Moove Raises $10 Million In Debt Funding From Stride Ventures

African mobility fintech start-up, Moove utilises its alternative credit-sourcing technology to offer vehicle financing to mobility entrepreneurs.

By Outlook Start-Up Desk 14 / 02 / 2024
Moove
Fintech

Paytm Tentative Timeline To Restart Loan Sanctioning Ends On Feb 14

Paytm COO Bhavish Gupta said that the company will not be issuing new loans for "maybe a couple of weeks" before resolving operational challenges posed due to RBI restriction

By Press Trust Of India 14 / 02 / 2024
Paytm
Investors

IPV Plans to Invest Rs 150-200 Crore in Start-Ups This Year; Exits 14 Firms With 61% Return

In 2023, IPV secured partial exits from 11 other start-ups, delivering IRRs ranging from 20 per cent to 97 per cent, the company announced.

By Outlook Start-Up Desk 14 / 02 / 2024
Venture capital Fund investments
SaaS

Edu-Fintech LEO1 Launches Numberless Prepaid Student ID Card with Mastercard and NSDL

The card is powered by Mastercard to ensure a safe and secure payment experience for students and educational institutes. 

By Outlook Start-Up Desk 13 / 02 / 2024
Edu-fintech company, LEO1 introduced its numberless prepaid student ID Card in partnership with NSDL