Small Business Lender Kabbage Expanding to India
Last week we learned that Kabbage was expanding internationally to India; they have set up an office in Bengaluru and plan to have 125 employees by year end; the team there is currently operating as a...
View ArticleTransUnion Expands Innovation Lab to Canada and India
TransUnion’s innovation lab is entering its third year and is now planning to expand in Canada and India; participants get access to TransUnion’s data and their analytics team which includes 200 data...
View ArticleIndian Fintech Market Set to Take Off
The CEO of NITI Aayog, a policy think tank of the Indian government, said that the fintech market in India is likely to expand to $31 billion in 2020; he also noted that the Indian fintech ecosystem is...
View ArticleOpen Getting Traction as the Neo-Bank for Businesses in India
Open is based in Bangalore and is looking to replicate a strategy which has been successful in other regions; their offering includes many features of a traditional bank account alongside other tools...
View ArticlePayU Acquiring Indian Fintech Lender PaySense for $185 Million
PayU is a largest payments processor in India and it is continuing its moves into lending in that country with the acquisition of fintech lender PaySense for $185 million; PayU already has a lending...
View ArticleChina and India are Moving in Different Directions When it Comes to Fintech...
Last year the amount of global investment in Chinese fintech companies reduced dramatically to $4.9 billion, down from $34 billion in 2018 according to data from business intelligence firm Tracxn; in...
View ArticleHead of Marcus Could Be Leaving For Large Indian Bank
Harit Talwar, the head of Marcus since joining Goldman Sachs in 2015, is in the running for one of the top banking jobs in India; According to Bloomberg, HDFC Bank, India’s largest private sector...
View ArticleIndian Bank ICICI Hits One Million WhatsApp Banking Users
ICICI Bank, one of the “Big Four” banks of India introduced banking services on WhatsApp just three months ago; the idea was to enable its retail customers to do their banking from home via WhatsApp;...
View ArticleMore News for July 14, 2020
Afterpay comes to physical stores in the US How Retailers Are Cashing In On A US Coin Shortage Google to invest $10 billion to drive digitsation in India Investing in diverse early stage teams with...
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Small Business Lender Kabbage Expanding to India
When we talk to domestic fintech companies and ask them about international expansion the response most often is that they see the opportunity so great here in the US that they are not looking to...
View ArticleScaling Web3 with the $10B+ Polygon protocol, with COO Sandeep Nailwal
In this conversation, we chat with Sandeep Nailwal – The Co-Founder & COO at Polygon (previously Matic Network). Sandeep is a long time developer who’s been dabbling in the space since way back in...
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Brazil’s PIX and India’s UPI: Digital Payments Success Stories in Emerging...
While Brazil’s PIX instant payment system has undeniably achieved great success, ushering millions into its digital economy, it is by no means the solitary luminary in the realm of emerging market...
View ArticleIndian Central Bank on Track for Harmonizing Regulations for Non-Banking...
The deputy governor of the Reserve Bank of India recently said at an event that currently there are different regulations for various categories of non-banking financial companies (NBFCs) which could...
View ArticleHighRadius Raises $50 mn
The company provides cloud-based integrated receivables software and is based in India; originally founded in 2006, this is the first external funding round for the company which boasts clients such as...
View ArticleRBI Will Regulate P2P Lenders in India
The Reserve Bank of India will begin regulating p2p lending firms; the government of India released a notification on Wednesday; the platforms will be treated as non-banking financial companies...
View ArticleRBI Issues Guidelines on P2P Lending in India
All P2P lenders will now be known as non-banking financial companies (NBFC-P2P); all p2p lenders will also have to receive a certificate of registration; companies will go through a 12 month period...
View ArticleIndian Banks Using Smartphones to Assess Risk
Indian banks are working with fintech startups to develop technology similar to what is used in markets like Africa and China; the banks hope to use social data and online shopping habits to underwrite...
View ArticlePaytm’s High Hopes to Become World’s Largest Digital Bank
Paytm Payments Bank is aiming to have 500 million accounts offering a wide range of financial services products; the bank launched officially on Tuesday; they are unveiling their money market fund,...
View ArticleOpportunities in Fintech in India
Recently Morgan Stanley published research sharing that digital payments penetration in India could increase from 5% today to 20% in 2027; the e-commerce market could reach $200 billion with 475...
View ArticleIndia’s Central Bank Clamps Down on Crypto
According to the bank statement, “In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual...
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