Payments News

On The Web

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Deals

UK fintech firm Tide enters India with $138m investment plan

“Tide Platform Limited (Tide), a UK-based fintech startup for small and medium-sized enterprises (SMEs), has announced its entry into the Indian market. The company plans to invest more than 100 million pounds (US$138.4 million) in India and create more than 1,000 jobs in the next five years. Tide already has more than 200 employees in […]
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Deals

Indian payments group Paytm plans to raise up to $3bn in listing

“Indian payments group Paytm has called a shareholders meeting next month to approve an initial public offering that is being billed as the country’s largest with plans to raise up to $3bn. The group, which is backed by China’s Ant Group and Japan’s SoftBank, has appointed JPMorgan, Morgan Stanley, Goldman Sachs and India’s ICICI Securities […]
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Deals

Tiger Global in Talks to Back BharatPe at $2.5 Billion Valuation

“Indian fintech startup BharatPe is in advanced stages of talks to raise about $250 million in a new financing round led by Tiger Global, two sources familiar with the matter told TechCrunch. The new round, a Series E, is giving the three-year-old New Delhi-headquartered firm a pre-money valuation of $2.5 billion, sources said, requesting anonymity […]
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Deals

FamPay, a Fintech Aimed at Teens in India, Raises $38 Million

“How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out. Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, […]
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Global

InstantPay Launches India’s First Cashback Card

“InstantPay, India’s leading open banking platform, today announced the launch of the InstantPay Cashback Card in partnership with NPCI and YES Bank. It is a premium, ‘future ready’ contactless card powered by RuPay that offers 1 per cent unlimited cashback on most spends, so consumers can now grow their money, even when they spend. The […]
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Deals

Fintech Startup Kodo Raises $8.75M From Brex, Y-Combinator, Others

“Kodo, a Mumbai-based corporate card startup, on Thursday announced that it has raised $8.75 million in seed funding round from a slew of investors that include Brex, Goat Capital, Pioneer Fund, and other Silicon Valley investors. The fintech startup, which was part of the winter 2021 batch of Y-Combinator, was launched in 2019 by Deepti Sanghi and Gaurav Thapa, with the mission of putting a Kodo corporate card […]
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Deals

Paytm Targets $3 Billion IPO in What Would Be India’s Largest Debut

“Paytm , India’s leading digital payments provider, is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever. The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and […]

On The Wires

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Deals

India’s Largest Bank SBI Invests in Leading Digital Payments Firm Cashfree

“Cashfree , India’s leading digital payments and banking technology company, today announced that India’s largest lender, State Bank of India (SBI) has made an investment in the organisation. The move reinforces their shared vision of promoting digital modes of payments. A leader in payments innovation, Cashfree provides a full-stack payments solutions platform enabling over 100,000 growing businesses in India and across the globe […]