January 18, 2025
A slew of financial technology Startups that offered short-term credit, mainly to office workers, are abandoning or scaling back their offerings as the central bank tightens its standards for short-term unsecured loans, people familiar with the matter said.Fintech startup Uni Cards, which offered a “payday advance” product called Paychek, recently discontinued the product. In communication
January 18, 2025
Mumbai: Travel-fintech startup Scapia has launched artificial intelligence-based visa application and train booking services, expanding deeper into the travel segment after its credit card business was blocked by regulatory obstacles. Access to Scapia's platform, however, remains restricted to cardholders, although the company plans to expand its customer base through a referral program later this year,
January 18, 2025
YES Bank, in collaboration with the Reserve Bank Innovation Hub (RBIH) and SP Jain Institute of Management and Research (SPJIMR), announced the launch of the Frictionless Finance Accelerator program. This initiative, unveiled on National Startup Day, aims to help fintech startups address critical challenges, scale their innovations and drive financial inclusion. The startup ecosystem in
January 18, 2025
BENGALURU: E-commerce giant Amazon has entered into a deal to acquire Bengaluru-based digital lending startup Axio, formerly known as Capital Float, as part of its strategy to enhance its financial services offerings in India .Axio, founded in 2013, allows individuals to benefit from a pay later or a credit offer on several terminals, Amazon being
January 17, 2025
Bangalore, January 17: Cash flow-based financing services provider, Velocity has launched Shipfast, a solution that will help direct-to-consumer (D2C) businesses offer faster deliveries through their websites. The new solution will help D2C brands deliver their products at a faster pace, enabling order fulfillment faster while reducing operational overhead, the company said in a press release.
January 17, 2025
1Money to use patent-pending BCB design to combat delays and security issues. Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It is possible
January 17, 2025
Bench, the accounting startup that imploded during the holidaysfiled for bankruptcy in Canada on January 7, revealing massive debts, according to documents seen by TechCrunch. Deposits - one for the bench and another for 10 sheetsthe original name of Bench – show that Bench had $2.8 million in cash at the end of its life,
January 16, 2025
Major in e-commerce Amazon is set to acquire Bangalore-based fintech Axio, valuing buy now, pay later (NBPL) at around $190 million to $200 million, three people in the know said. The deal, which awaits approval from the country's banking regulator, is the biggest check Amazon has issued for a buyout in India and signals its
January 16, 2025
Major in e-commerce Amazon signed an agreement to acquire fintech loan startup Axio, formerly Capital Float. "In December, after completing due diligence, we signed an agreement with Amazon for a proposed acquisition of Axio. The transaction will now await required regulatory approvals," Axio said in a blog post. Development follows Amazon Smbhav Venture Capital Fund
January 15, 2025
Remittance-focused fintech startup LemFi has announced a major $53 million capital raise in a Series B funding round, aimed at facilitating its expansion into Europe. The round was led by London-based growth-stage investment firm Highland Europe, with participation from existing investors including Endeavor Catalyst, Left Lane Capital, Palm Drive Capital and Y Combinator. This brings
January 15, 2025
Based in Amsterdam Clearlya fintech company focused on in-person payments, announced that it has raised €6 million in a seed round. Proceeds will support Klearly's expansion into European markets and enable its SaaS partners to offer in-person payment solutions to SME merchants. Before this cycle, in May 2023, Kclearly secured €2.1 million as part of
January 15, 2025
Nigerian fintech startup LemFi has raised $53 million in Series B funding to help it expand its product offerings and become a comprehensive financial services hub for immigrants around the world. Founded by Ridwan Olalere and Rian Cochran in 2021 under the name Lemonade Finance, before a Name change in 2023, LemFi is an international
