- Online Lending Startup Aye Finance Picks Up $4.6 Mn Funding From BlueOrchard Gurugram-headquartered online lending startup Aye Finance has raised $4.6 Mn (INR 30 Cr) in debt funding led by Swiss impact investor BlueOrchard Finance Ltd. The development comes less than two months after that startup secured $3.8 Mn (INR 25 Cr) from three investors, including Hinduja Leyland Finance and IntelleGrow. As per the media statement, the […]
- B2B SME Marketplace Power2SME Secures $6.2 Mn Debt Financing From InnoVen Capital Gurugram-based B2B marketplace and SME lending firm Power2SME has raised debt financing of $6.2 Mn (INR 40 Cr) from InnoVen Capital. Power2SME will use the debt funding towards propelling the company’s growth and working capital. Commenting on the financing, R.Narayan, Founder and CEO, Power2SME said, “Power2SME has had a long-standing association with InnoVen. Raising venture […]
- SME Lending Startup Namaste Credit Raises $3.8 Mn In Series A Funding New Delhi-based SME lending startup Namaste Credit has raised $3.8 Mn in Series A round of funding from Nexus Venture Partners. The startup plans to use the funding to grow its geographic footprint, continue to enhance its technology and data analytics platform and further scale its businesses. With this, the startup plans to significantly increase its […]
- SME Lending Startup Lendingkart Raises $4.7 Mn Debt Funding From Dutch Bank Ahmedabad-based SME lending startup Lendingkart has raised $4.7 Mn (INR 30 Cr) in its first-ever foreign debt funding round from a Dutch development bank – Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO). This new influx of debt funds will be used towards growing the loan book and expanding the reach of Lendingkart Finance across SME industries […]
- Startup Watchlist: 9 Fintech Startups To Watch Out For In 2018 This article is part of Inc42’s Startup Watchlist annual series where we list the top startups to watch for 2018 from industries like Blockchain, Logistics, Fintech etc. Explore all the stories from ‘Startup Watchlist’ series here. “Digital technology provides a low-cost way for people in developing countries to send money to each other, buy and […]
- SME Lending Startup Lendingkart Raises $3.8 Mn Debt Funding From SBI Ahmedabad-based SME lending startup Lendingkart Finance has raised $3.8 Mn (INR 25 Cr) in debt from the State Bank of India. The fundraise from SBI comes three months after the fintech platform secured $10.9 Mn (INR 70 Cr) funding from Sistema Asia Fund as well as existing investors Bertelsmann India Investment, Mayfield India, Saama Capital […]
- Fintech Startup Cash Suvidha Raises $2.7 Mn In Debt Funding Just a few days after fintech platform Finbucket announced its $1.87 Mn funding, Delhi-based online lending startup Cash Suvidha has raised an institutional debt of $2.7 Mn from various financial institutions. The funds have been raised from six financial institutions and will be primarily used to facilitate further lending to Small and Medium Enterprises (SMEs). […]
- SME Lending Platform OfBusiness Secures $3.8 Mn Debt Funding From Kotak Mahindra Bank Gurugram-based SME lending platform OfBusiness has secured $3.8 Mn (INR 25 Cr) in debt funding from Kotak Mahindra Bank.The funding comes as an extension to the $7.6 Mn (INR 50 Cr) working capital limit that the startup recently procured from the bank. With the newly-raised debt funding from Kotak Mahindra, OfBusiness aims to further expand […]
- SME Lending Startup ZipLoan Sweeps $3 Mn Series A Funding From Matrix Partners And Existing Investors Delhi-based SME lending platform, ZipLoan, has raised $3 Mn Series A funding from Matrix Partners India. The round also saw the participation of the fintech startup’s existing investors, including WaterBridge Ventures, Whiteboard Capital and former Capital18 MD, Sarbvir Singh. The company will utilise the newly-secured capital for geographical expansion in non-metro cities. The funds will also […]
- Nandan Nilekani, IFC, Others Fuel $36 Mn In B2B Marketplace Power2SME Gurugram-based B2B marketplace and SME lending firm Power2SME has raised $36 Mn Series E funding. The round saw the participation of existing investors Inventus Capital Partners, Accel, Kalaari Capital and Nandan Nilekani with participation from IFC, a member of the World Bank Group. The company had raised $10 Mn (a part of Series E) earlier […]
- How Innoviti Is Capturing The Digital Payments Beast With $3 Bn Yearly Transactions In 700 Cities In a world inundated with overnight successes and viral hits, the story of Innoviti founder Rajeev Agrawal is refreshingly real. His long-meandering career as an entrepreneur has encompassed several milestones over the course of 15 years. From its inception as a wireless hardware systems manufacturer in 2002, Innoviti has steered its course into digital payments […]
- Sistema Asia Fund, Others Invest $10.9 Mn In SME Lending Platform Lendingkart Ahmedabad-based SME lending platform Lendingkart Technologies has raised $10.9 Mn (INR 70 Cr) funding round, in the form of equity funds from Sistema Asia Fund, others. Existing investors Bertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management also participated in this round. The latest round of funding will enable the company […]