Tag: Fintech

Castler Launches India’s First Escrow Management API Sandbox for Fintech players

New Delhi: Castler, an Escrow-as-a-service provider, has announced the launch of India’s first Escrow Management API Sandbox to help developers and businesses create disruptive fintech products at an affordable cost. Castler expects to acquire over 100 fintechs and marketplaces to consume these APIs over the next six months. In a world where technology is continuously […]

FinTech Startup Funding: BharatPe raises the most in August. Here’s the complete list

Funding in FinTech startups is gaining pace, with recently-turned unicorn BharatPe raising the most at $370 million last month for its payments business, data provided by PGA labs showed. According to KPMG’s FinTech report, the sector received $2 billion in investment in the first half of 2021. These startups have outshined this year, and are leading in achieving the unicorn status so far this year. Of […]

Fintech co Aye Finance aims to raise up to Rs 400 cr equity

Kolkata: Fintech lender Aye Finance is planning to raise Rs 350-400 crore equity as part of its business growth strategy for the next two years. This will be the first equity expansion by the company after the Covid-19 pandemic, chief executive Sanjay Sharma said. Just before the pandemic, it had raised Rs 210 crore. “Our current capital is adequate for this […]

PhonePe receives insurance broking licence from Irdai

BENGALURU: Payments major PhonePe has received an insurance broking licence from the Insurance Regulatory and Development Authority of India (Irdai), the Bengaluru-based company on Monday said. Last year, PhonePe entered the insurtech sector with a limited insurance ‘corporate agent’ licence, which restricted the company to partner with only three insurance companies per category. Now, with […]

Google ties up with fintech to let its users open FDs on GPay

Google has teamed up with Setu, a fintech specializing in providing application programming interfaces (APIs), to allow its users to book fixed deposits (FDs) through Google Pay, a person with knowledge of the matter said on the condition of anonymity. In the initial roll-out, FDs of Equitas Small Finance Bank will be offered for up […]

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