Browsing: Fintech

Jiraaf  has raised $8.7mn in equity as part of Series B funding round. The round was co-led by Accel and…

Syntellect empowers financial institutions with creditworthiness insights for underserved, low-income individuals and supports affordable housing.

Urban Money said it facilitated the disbursal totalling INR 15,370 crore in the last fiscal year through various channels including banks, housing finance companies, and non-banking financial companies (NBFCs). 

‘BNPL Plus’ seamlessly integrates with the businesses’ website and also by brands hosted on  popular platforms like WooCommerce and Shopify. When it’s integrated, ‘BNPL Plus’ uses intelligent personalisation to automatically show customers the most attractive offers and no-cost EMI options.

Vivek Lohcheb, Head of Offline Business at PhonePe said, “The PhonePe POS device, a one-stop solution, empowers our merchant partners to elevate the purchasing experience for their consumers. It features a unified and cohesive interface that supports various modes of payment, providing convenience and flexibility. By accepting credit and debit transactions, merchants can expect an increase in their average ticket size, ultimately driving overall business growth. With PhonePe’s extensive network of over 3.5 crore merchants nationwide, our goal is to expand this solution pan India and deploy 150,000 devices by next year.

Hemant Gala, Vice President of Financial Services said, “Promoting financial inclusion is at the core of PhonePe’s mission. We are excited to launch Merchant Lending on our platform using the Marketplace Model, providing SMEs & MSMEs with access to organized credit and enabling their growth. By serving as a catalyst for the financial empowerment of MSME & SMEs, PhonePe is proud to contribute to the overall development of the economy and drive sustainable progress.’’

The fresh infusion of capital will enable TransBnk to bolster its product and technical teams, enhance its tech stack, and expand its product line. The company aims to reshape the management of specialized accounts and B2B payments, which are the foundation of lending ecosystems, capital markets, supply chain finance, and treasury management.

Rahul Chari, Co-Founder and CTO at PhonePe said, “The launch of the Account Aggregator service, puts PhonePe Group at the forefront of building digital public infrastructure that will have a significant impact on millions of Indians. This will also empower users to access and control their own financial data, revolutionizing the way they engage with financial services. The Account Aggregator Network sets the stage for a new era of digital connectivity, where individuals can harness the power of their own information to make informed financial decisions and unlock a world of opportunities.”

PolicyBoss will invest these funds in harnessing its technology prowess into becoming India’s foremost insurance specific B2B2C platform. PolicyBoss said it will also deepen its last-mile presence to shape the advisory-led distribution pan-India. Post this fund raise, the company boasts of a highly liquid balance sheet size of Rs. 140 Cr+

Shivashish Chatterjee, Co-Founder and Joint Managing Director of DMI Finance, said, “We firmly believe that India is leading the global digital revolution with the increasing adoption of smartphones and ubiquitous access to data. With millions of casual and dedicated participants across the country, Esports is both the competitive and spectator sporting activity of the future.”