cross-border payments
NTT Data has signed a Memorandum of Understanding (MoU) with NPCI International Payments Limited, a subsidiary of the National Payments Corporation of India (NPCI). The MoU establishes the foundation to enable acceptance of Unified Payments Interface (UPI), India's leading real-time payment system for Indian tourists in Japan. This
corporate venture capital
Raise Financial Services, the innovative fintech company behind the popular stock trading and investing platform Dhan, has successfully concluded a significant Series B funding round, raising an impressive $120 million. This latest investment propels the Mumbai-based company into the coveted unicorn club, with a post-money valuation of $1.2 billion.
fintech
UNLEASH Capital Partners, a venture capital fund management company dedicated to driving financial inclusion, has announced the final close of its first fund at INR 300 crores (approximately USD 33 million), which was oversubscribed against the initial target. The fund, co-general partnered by Natsuki Sugai and Gojo & Company, is
banking
Sumitomo Mitsui Financial Group (SMBC Group) and Sumitomo Mitsui Banking Corporation (SMBC) have announced that, with regards to the agreement to acquire a 20% equity stake in YES BANK from State Bank of India and other financial institutions, all conditions precedent including regulatory approvals have been satisfied and this initial
venture capital
TransBnk has raised $25 million in its Series B funding round led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Lab, and GMO Venture Partners. This milestone marks a significant step in TransBnk’s journey to reshape the foundations of digital transaction banking.
lending
Mumbai-based digital lending startup Zype has raised Rs 90 crore ($10.2 million) in a fresh funding round led by Japanese venture capital firm Unleash Capital Partners. Existing investor Xponentia Capital also participated in the round. This round comes after the 2022-founded startup raised its first major institutional round of
lending
Debt collections is the backbone of lending, however collections today are run by collection agencies who care very little about the borrower and mostly care about their commissions. With a vision to build India’s best collections company, DPDzero has announced raising $7million in Series-A funding led by GMO VenturePartners
lending
Techfino, a FinTech non-banking financial company (NBFC), has announced that it has successfully secured INR 65 crore in equity funding. The investment comes from Stellaris Venture Partners and Saison Capital, the investment arm of Japan-listed Credit Saison. This capital infusion will enable the company to significantly enhance its secured lending
venture capital
Climate-tech startup Stride Green, focused on asset financing and lifecycle management for sustainable businesses, has raised US$3.5 million in a seed funding round. The seed funding was led by Bengaluru-based Micelio Technology Fund and Incubate Fund Asia, alongside participation from other investors. Gurgaon-based Stride Green provides financing to
Insurance
Capgemini and Dai-ichi Life Holdings have signed a multi-year agreement to establish a Global Capability Center (GCC) in India. This landmark agreement is poised to accelerate Dai-ichi Life Group’s digital transformation globally. The GCC aims to tap into India’s deep pool of skilled professionals to support and enhance
consumer finance
Credit Saison's financial results for fiscal year 2024 demonstrate a period of significant growth and strategic evolution. The company achieved record-high consolidated operating profit, reflecting strong performance across its core business segments and the positive impact of specific accounting factors. Overall, the company's diverse business model,
consumer finance
Credit Saison's Indian subsidiary has begun raising funds through External Commercial Borrowing (ECB) loans. The subsidiary has signed a contract to execute a 150 million US dollar ECB loan from Mizuho Bank, which is a capital participant in Credit Saison India. Read also: "Mizuho Bank to invest