October 22, 2024
SUMMARY PB Financial Account Aggregator Private Limited (PBAA) received the Certificate of Registration (CoR) from the Reserve Bank of India (RBI) on October 21. Thanks to this, it can carry out the activity of a non-bank financial institution as an account aggregator without accepting public deposits. The fintech company incorporated the NBFC with a paid-up
October 21, 2024
Funding for fintech startups in Southeast Asia fell 28% in the third quarter of 2024, from $447.5 million to $322 million, according to the latest data released by Tracxn on October 17. Photo: Shutterstock The market intelligence platform said Southeast Asia remains an important hub for fintech investmentsrepresenting 14.5 percent of total sector funding in
October 21, 2024
Innovations in AI and embedded finance have sparked a recovery in fintech financing, according to third-quarter figures compiled by Dealroom. Editorial This content was selected, created and edited by the Finextra editorial team based on its relevance and interest to our community. While funding for European startups faltered in the third quarter of 2024, with
October 21, 2024
Three Kenyan fintech startups have qualified for the semi-final of the Milken-Motsepe Prize in FinTech, each receiving $100,000 in funding. The startups include AZA Finance, a B2B fintech providing businesses with efficient and low-cost financial services such as payments, foreign exchange and cash flow in major currencies; Chumz, a gamified savings platform that uses behavioral
October 21, 2024
Home » General » Business » Indian fintech startups secure $778 million in Q3, second in the world after the US. Bengaluru, Oct 15 (SocialNews.XYZ) India's fintech startup ecosystem secured $778 million in funding during the July-September period, reaching second place globally after the US in terms of fintech funding raised in the third quarter,
October 20, 2024
India's efforts towards a cashless economy have seen significant developments, including the integration of credit card payments into the Bharat Bill Payment System (BBPS). The Reserve Bank of India (RBI) has mandated that all credit card bill payments be routed through BBPS, putting it at the forefront of India's digital payments landscape. The move improves
October 19, 2024
Early-stage venture capital firm 8i Companies has fully divested its investment in M2P Fintech, realizing a remarkable 12x return on its initial capital. The company had initially invested Rs 9.7 crore in the fintech startup in January 2020, and with its recent exit, it made a total return of Rs 115.9 crore. This exit was
October 19, 2024
Send your company's latest business news to D CEO Deputy Editor Layten Praytor at layten.praytor@dmagazine.com Fintech real estate platform Backflip has raised two private credit funds totaling $30 million in equity, as well as $154 million in asset-backed financing to fund residential bridging loans or “fixable mortgages.” Real estate entrepreneurs can use the platform to
October 19, 2024
Funding for African fintech startups saw a sharp increase in the third quarter of 2024 despite the global downward trend, with fintech companies on the continent raising $268 million. This is a significant increase from the $34 million investment in the sector in the second quarter, representing a staggering increase of 688 percent. The third
October 19, 2024
In a move that highlights the potential of India's booming fintech sector, an early-stage venture capital firm 8i Companies announced a full release of M2P financial technologya leading company in the field of API infrastructures. The release generated a stunning impact 12X ROI in just 4.5 years, which is a testament to both 8i Ventures'
October 18, 2024
SUMMARY 8i Ventures completed a successful exit from M2P Fintech, achieving 12X ROI over 4.5 years and generating 126% of its debut fund's corpus with just 10% of its capital. The company's initial investment of INR 9.7 Cr in M2P Fintech, which specializes in API infrastructure for financial services, resulted in a return of INR
October 18, 2024
Pan-African fintech startup Yellow Card has raised US$33 million in Series C funding to drive its global expansion and strategic initiatives, bringing its total equity funding to US$85 million. Since its launch in Nigeria in 2019, Yellow card has become the largest and first licensed Stablecoin on/off ramp on the African continent. It has operations
