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Neobank

Neobanking startup StashFin raises $270 mn; valuation tops $700 mn

Finance

21 June, 2022

Neobanking startup StashFin raises $270 mn; valuation tops $700 mn

Neobanking startup StashFin has raised $270 million (around Rs 2,079 crore) in a mixture of debt and equity in a ......

IIFL Finance, Open Financial JV to launch neobank for MSMEs

Finance

03 May, 2022

IIFL Finance, Open Financial JV to launch neobank for MSMEs

Fairfax Financial Holdings Ltd-backed non-bank lender IIFL Finance Ltd and SME-focused neo-banking platform Open Financial Technologies Private Ltd, on Tuesday ......

Ola to buy fintech firm Avail Finance to strengthen financial services biz

Finance

25 March, 2022

Ola to buy fintech firm Avail Finance to strengthen financial services biz

SoftBank-backed ANI Technologies Pvt Ltd, which operates cab ride-hailing aggregator platform Ola Cabs, has agreed to buy neobanking platform Avail ......

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How partial exit from Open has helped Unicorn India Ventures return entire first fund

Finance

28 February, 2022

How partial exit from Open has helped Unicorn India Ventures return entire first fund

When Unicorn India Ventures came in as the first institutional investor in Open Financial Technologies Pvt Ltd in 2017, neobank was a nascent ......

Premium
Fintech services launch neobanks to offer credit, other banking solutions

Finance

09 February, 2022

Fintech services launch neobanks to offer credit, other banking solutions

India’s new-age financial technology services companies are increasingly launching neobanking platforms to offer credit and other banking solutions to customers ......

Teenager fintech startup Fyp acquires edtech startup Edunify

TMT

19 January, 2022

Teenager fintech startup Fyp acquires edtech startup Edunify

Fyp, a neobank for teenagers, has acquired edtech startup Edunify as part of its expansion plans. With this acquisition, the ......

Neobank Novo to increase workforce by 200 in India after $90 mn fundraise

Finance

13 January, 2022

Neobank Novo to increase workforce by 200 in India after $90 mn fundraise

US-based neobanking platform Novo, owned and operated by Novo Platform Inc, will be hiring more than 200 people in India ......

Youth-focused neobank Muvin bags $3 mn in a round led by WaterBridge Ventures

TMT

12 January, 2022

Youth-focused neobank Muvin bags $3 mn in a round led by WaterBridge Ventures

Youth-focused neobank Muvin has raised $3 million (around Rs 22.5 crore) as a part of its pre-Series A funding round ......

Silicon Valley investor Y Combinator backs fintech startup SaveIN

Finance

04 January, 2022

Silicon Valley investor Y Combinator backs fintech startup SaveIN

Silicon Valley technology investor Y Combinator has invested an undisclosed sum in credit-focused fintech startup SaveIN as part of its ......

B Capital, Falcon Edge invest  $50 mn in Fi

Finance

01 November, 2021

B Capital, Falcon Edge invest $50 mn in Fi

Fi, a Bengaluru-based neobank, has raised $50 million in its Series B funding round at a valuation of $315 million ......