September 27, 2024

Invitation-only networking and fundraising platform for startups Scope launched its new $50 million venture capital fund under its investment banking arm SCOPE VC on Thursday. THE funds will invest in startups focused on the Indian and US markets. The average deal size reportedly ranges between $500,000 and $2 million per startup, targeting early-stage companies. “Fintech

September 27, 2024

SUMMARY The next fintech success story in India is likely to be scripted by startups leveraging the account aggregation framework, according to Ritesh Banglani, co-founder and managing partner of Stellaris Venture Partners. Speaking at Inc42's MoneyX 2024 event, Banglani said he is optimistic about fintech startups leveraging the account aggregation framework to create new products

September 26, 2024

Appalla Saikiran, Founder and CEO, SCOPE SCOPE, the invitation-only networking platform for startups, on Thursday announced that it has secured $50 million (Rs 418 crore) in funding venture capital fund under its investment banking arm, SCOPE VC, to invest in startups in the fintech and gaming sectors, with a focus on India and the United

September 26, 2024

SCOPE, the exclusive invitation-only networking platform for startups, has announced a USD 50 million venture capital fund under its investment banking arm, SCOPE VC. The fund is specifically designed to invest in high-potential startups in the fintech and gaming sectors, with a focus on India and the US. SCOPE VC’s new fund will offer investments

September 26, 2024

SUMMARY Jupiter in talks to acquire 5-9.9% stake in SBM Bank India for an undisclosed amount The deal is yet to be finalised and both parties will also need RBI approval for the transaction to be finalised. This comes at a time when several Indian fintech startups are rushing to invest in banks after the

September 25, 2024

In the latest example of an Indian fintech startup seek strategic partnerships Along with traditional banking institutions, neobank Jupiter is in talks to acquire a stake in SBM Bank India, three sources familiar with the matter told TechCrunch. Jupiter, backed by Tiger Global and Nubankis in talks to buy a 5% to 9.9% stake in

September 25, 2024

M-KOPA has announced that it has reached the 5 million customer mark in Kenya, Uganda, Nigeria, Ghana and South Africa. Two million of these customers have joined the network in the last 15 months. M-KOPA's innovative model brings affordable smartphones with integrated financial services to "everyday earners": the vast majority of African adults who earn

September 25, 2024

Tens of millions of dollars of customer debt remains unaccounted for at his previous fintech startup Synapse. But that doesn't stop Sankaet Pathak from throwing himself into his new robotics adventure. Foundation is a robotics startup with a self-proclaimed mission to “create advanced humanoid robots that can operate in complex environments” to address the labor

September 25, 2024

Fintech startup Cashfree Payments has appointed Nitin Pulyani as its new Chief Product Officer and Senior Vice President. In this strategic role, Pulyani will spearhead product innovation and drive initiatives to accelerate the company's growth. His responsibilities include overseeing product development and ensuring that Cashfree Payments continues to deliver innovative solutions that meet the needs

September 24, 2024

SUMMARY In his new role, Pulyani will be responsible for product development and innovation as well as developing strategic growth initiatives for Cashfree. Prior to this, Pulyani was the Product Manager at Jupiter, a Mumbai-based fintech startup. Recently, Cashfree appointed former Razorpay SVP Harsh Gupta as its Chief Revenue Officer (CRO). Fintech Start-up Cashless Payments

September 24, 2024

A fintech unicorn based in New Delhi BharatPe has joined the Indian government-backed Open Network for Digital Commerce (ONDC) allowing its customers to order food directly through its app. The new feature aims to streamline the customer experience by eliminating the need for multiple apps on a smartphone. The integration will enable BharatPe's 15 million

September 24, 2024

EGR North AmericaXDA Launches New Venture Fund for Gaming and Fintech StartupsXDA has launched a new investment vehicle designed to help gaming and fintech startups..48 minutes ago