Fintech

Bon partners with gig marketplaces and employers to reach flexible workers and get them to sign up on its platform

Silicon Valley-based impact investing firm Omidyar Network led the funding round in Bon

Axilor Ventures and Better Capital’s AngelList India Syndicate also participated in the funding

Series C financing round was led by Vertex Ventures SEA and India and Sistema Asia Fund

Existing investors, Fosun RZ Capital, Ventureast and Endiya Partners also participated in the round

Kissht will use the funds to further enhance its data and analytics capabilities

Online lending startup CASHe has developed a proprietary scoring system called ‘SLQ’ as an alternate to the current banking credit scoring system

Even if an applicant has a high CIBIL score, if he/she doesn’t qualify in the SLQ ratings, CASHe will not give him/her a loan

Salaried people who earn at least $214 (INR 15K) per month are eligible to get loans worth up to 75% of their monthly salary from CASHe

Walnut’s founders Patanjali Somayaji and Amit Bhor will join the leadership team

About 35 employees of Walnut will also join Capital Float

Capital Float wants to increase its total assets under management to $717.4 Mn within a year

The startup also plans to offer loans at interest-free equated monthly instalments (EMIs)

HappyMI has disbursed 10K loans so far

The startup claims to have restricted its non-performing loans to just about 2%

Sanjay Swamy Of Prime Venture Partners believes this is one of the best times to be an entrepreneur

He says that digitalisation is leading to a huge potential in verticals such as healthcare and education

He talks about how two of his shortest career stints had the most profound influence on him

BlackSoil Capital provides customised debt solutions to diverse segments including real estate

The company claims to have deployed over INR 700 Cr across 80 transactions in two years

As part of the deal, ZOOZ co-founder and CEO Oren Levy and CTO Ronen Morecki will become part of PayU’s global leadership team

The companies will work together to build a comprehensive, modular, and highly flexible Payment OS platform

Following completion of the deal, ZOOZ will be wholly owned by Naspers

• PaySense has raised funds after selling an undisclosed stake
• PayU had earlier invested in PaySense in the year 2017
• PaySense is constantly innovating to serve financially undeserved population using net new ways of assessing these customers through our instant credit decisioning models

Healthtech and consumer services pick up pace in H1 2018, revealed Indian Tech Startup Funding Report

• Vayana, a B2B supply chain financing company, connects corporates and supply chains
• The company has partnered with multiple banks and financial institutions to process loans for enterprises
• Vayana claims to have processed more than 6.5 lakh invoices

- PolicyBazaar's policy of selling insurance through its main platform and loans and credit cards through PaisaBazaar has helped it clock a higher growth rate and revenue than BankBazaar
- With 4X growth and revenues of INR 76.45 Cr In FY17, PolicyBazaar has caught up with BankBazaar, which posted revenue of INR 71.16 Cr in FY17