India – FinTech Ranking https://fintechranking.com All You Should Know About Fintech Mon, 12 Dec 2022 08:45:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.15 https://fintechranking.com/wp-content/uploads/2020/03/ftr_favicon2.ico India – FinTech Ranking https://fintechranking.com 32 32 96937361 Tide officially launches app and Business Account in India https://fintechranking.com/2022/12/08/tide-officially-launches-app-and-business-account-in-india/?utm_source=rss&utm_medium=rss&utm_campaign=tide-officially-launches-app-and-business-account-in-india Thu, 08 Dec 2022 08:43:00 +0000 http://fintechranking.com/?p=26131 UK SME banking provider Tide has launched in India, rolling out its app on the Google Play

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]]> UK SME banking provider Tide has launched in India, rolling out its app on the Google Play Store for Android smartphones and opening applications for its Business Account.

Over the next 24 months, Tide says it now plans to onboard 500,000 SMEs in India, rapidly scaling up as part of the £100m investment it is making in the country.

Tide says that all businesses will be onboarded via a full Know Your Customer (KYC) process, and only then will be able to access their accounts and start making transactions.

Read more: AltFi

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]]> 26131 Neobank Open Gets RBI’s In-Principle Nod For Payment Aggregator License https://fintechranking.com/2022/11/15/neobank-open-gets-rbis-in-principle-nod-for-payment-aggregator-license/?utm_source=rss&utm_medium=rss&utm_campaign=neobank-open-gets-rbis-in-principle-nod-for-payment-aggregator-license Tue, 15 Nov 2022 10:47:00 +0000 http://fintechranking.com/?p=26064 Neobanking unicorn Open has joined the list of fintech companies and startups that have received

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]]> Neobanking unicorn Open has joined the list of fintech companies and startups that have received in-principle approval from the Reserve Bank of India (RBI) for a payment aggregator gateway (PA/PG) licence. With this, the unicorn has become the first neobank to receive RBI approval.

Read more: Inc42

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]]> 26064 Neobank Vance raises $5.8M in seed round led https://fintechranking.com/2022/10/03/neobank-vance-raises-5-8m-in-seed-round-led/?utm_source=rss&utm_medium=rss&utm_campaign=neobank-vance-raises-5-8m-in-seed-round-led Mon, 03 Oct 2022 17:47:00 +0000 http://fintechranking.com/?p=25912 Global neo-banking platform Vance has raised $5.8 Million in a seed round led by Hummingbird

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]]> Global neo-banking platform Vance has raised $5.8 Million in a seed round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital, YCombinator, Soma Capital and seasoned angels such as Alan Rutledge and Gokul Rajaram.

Vance was a part of YCombinator’s Winter 2022 batch and plans on going live in the UAE and UK by the end of 2022. By Q1 2023, its goal is to launch in five additional countries. 

Read more: Vance

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]]> 25912 Neobank Fi raises $16.8 Mn Funding From Temasek, QCM Holdings https://fintechranking.com/2022/08/14/neobank-fi-raises-16-8-mn-funding-from-temasek-qcm-holdings/?utm_source=rss&utm_medium=rss&utm_campaign=neobank-fi-raises-16-8-mn-funding-from-temasek-qcm-holdings Sun, 14 Aug 2022 15:36:00 +0000 http://fintechranking.com/?p=25693 Neobank startup Fi has raised INR134.1 Cr ($16.84 Mn) as part of its Series C

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]]> Neobank startup Fi has raised INR134.1 Cr ($16.84 Mn) as part of its Series C funding round from V-Sciences Investment, an entity of Temasek, and existing investor QCM Holdings, according to regulatory filings.

The latest development comes a month after Fi secured $45 Mn in its Series C funding round from Alpha Wave Ventures. 

Read more: Inc42

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]]> 25693 Tide to roll out its Business Account in India https://fintechranking.com/2022/07/05/tide-to-roll-out-its-business-account-in-india/?utm_source=rss&utm_medium=rss&utm_campaign=tide-to-roll-out-its-business-account-in-india Tue, 05 Jul 2022 19:19:54 +0000 http://fintechranking.com/?p=25532 Just 18 months after Tide first announced plans to launch in India, the business banking provider is preparing

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]]> Just 18 months after Tide first announced plans to launch in India, the business banking provider is preparing to roll out its first product.

The Tide Business Account will let Indian SMEs load money onto a Tide Expense Card, collect and make payments, and check and track spending.

Read more: AltFi

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]]> 25532 Neobank Kaleidofin closes $5M in second close of $15M Series B round https://fintechranking.com/2022/05/03/neobank-kaleidofin-closes-5m-in-second-close-of-15m-series-b-round/?utm_source=rss&utm_medium=rss&utm_campaign=neobank-kaleidofin-closes-5m-in-second-close-of-15m-series-b-round Tue, 03 May 2022 17:54:00 +0000 http://fintechranking.com/?p=25269 Fintech startup Kaleidofin has announced a second close of $5 million to its $15 million

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]]> Fintech startup Kaleidofin has announced a second close of $5 million to its $15 million Series B equity round led by Michael and Susan Dell Foundation.

The round also saw the participation of Bill & Melinda Gates Foundation’s Seattle-based Strategic Investment Fund, angel investors, and existing investors. The latest fund raise takes the total funding raised by Kaleidofin to date to $23 million. 

Read more at: YourStory

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]]> 25269 Google-backed neobank Open becomes unicorn with new funding https://fintechranking.com/2022/05/03/india-based-neobank-open-joins-unicorn-board-with-series-d-raise/?utm_source=rss&utm_medium=rss&utm_campaign=india-based-neobank-open-joins-unicorn-board-with-series-d-raise Tue, 03 May 2022 17:44:00 +0000 http://fintechranking.com/?p=25274 India has 100 unicorns now. The Bengaluru-headquartered neobank Open entered the coveted club on Monday

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]]> India has 100 unicorns now. The Bengaluru-headquartered neobank Open entered the coveted club on Monday with a new funding round, it said.

The five-year-old startup did not disclose the size of its Series D funding, but a source familiar with the matter said it’s $50 million. The new round, which valued Open at $1 billion, was led by Mumbai-headquartered investment firm IIFL, the two said. Existing backers Tiger Global, Temasek and 3one4 Capital also participated in the round, which comes just seven months after Open announced its Series C funding at $500 million valuation. Open has raised about $187 million to date.

Read more: TechCrunch

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]]> 25274 Neobank Fi finalizing funding at $700 million valuation https://fintechranking.com/2022/04/16/neobank-fi-finalizing-funding-at-700-million-valuation/?utm_source=rss&utm_medium=rss&utm_campaign=neobank-fi-finalizing-funding-at-700-million-valuation Sat, 16 Apr 2022 13:52:00 +0000 http://fintechranking.com/?p=25221 Indian neobank Fi is in advanced stages of talks to raise about $100 million at

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]]> Indian neobank Fi is in advanced stages of talks to raise about $100 million at a $700 million valuation, according to three sources familiar with the matter.FiIndian neobank Fi is in advanced stages of talks to raise about $100 million at a $700 million valuation, according to three sources familiar with the matter.

Alpha Wave Global, formerly known as Falcon Edge Capital, is leading the round, sources said. Singapore’s Temasek is also in talks to invest in the new round, one of the sources said.

Read more: TechCrunch

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]]> 25221 India’s Ola to Acquire Neo Bank Avail https://fintechranking.com/2022/03/26/indias-ola-to-acquire-neo-bank-avail/?utm_source=rss&utm_medium=rss&utm_campaign=indias-ola-to-acquire-neo-bank-avail Sat, 26 Mar 2022 12:03:00 +0000 http://fintechranking.com/?p=25142 Indian ride-hailing platform Ola is set to acquire Avail Finance, a neo-bank founded by the brother of Ola’s

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]]> Indian ride-hailing platform Ola is set to acquire Avail Finance, a neo-bank founded by the brother of Ola’s co-founder.

The deal, which is still subject to approval from shareholders, will help Ola Financial Services, a subsidiary of Ola, bolster its lending services and gain a foothold offering financial services to India’s underserved blue collar workers. Terms of the deal were not released.

Read more: PYMNTS

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]]> 25142 Indian neobank Niyo raises $100 million https://fintechranking.com/2022/02/24/indian-neobank-niyo-raises-100-million/?utm_source=rss&utm_medium=rss&utm_campaign=indian-neobank-niyo-raises-100-million Thu, 24 Feb 2022 18:50:00 +0000 http://fintechranking.com/?p=25048 India’s Niyo has raised $100 million in a new financing round as the consumer-facing neobank

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]]> India’s Niyo has raised $100 million in a new financing round as the consumer-facing neobank platform looks to add lending and insurance to its offerings and make deeper inroads in the world’s second largest internet market.

Accel and Lightrock India co-led the Bengaluru-headquartered startup’s Series C financing round. Existing investors Prime Venture Partners, JS Capital and Beams Fintech Fund also participated in the round, which brings the six-year-old startup’s all-time raise to about $150 million.

Read more: TechCrunch

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