Goldman Sachs leads $52m funding round for JUMO
Goldman Sachs, Proparco and Finnfund come on board as JUMO’s new investors.
Asia
Indian digital lender Kissht brings in $30m funding
The round was led by Vertex Ventures and Sistema Asia Fund.
India Post Payments Bank opts for FSS payment stack
Bank is targeting rural households and SMEs in the country.
Ebix acquires wealthtech Miles Software for $19m
Mumbai-based firm snapped up by e-commerce service provider.
Life’s Alight for Wipro with $1.5bn deal
Indian firm reveals record ten-year deal with Illinois-based Alight Solutions.
Warren Buffett’s Berkshire Hathaway invests $300m in Paytm
Berkshire joins Ant Financial, SoftBank and Alibaba as investors.
Case study: Afghanistan International Bank – the road to hope
Afghanistan International Bank faces challenges far more extreme than for most of its counterparts around the globe.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Google gangs up with Indian lenders to find new users
Working with Federal Bank, HDFC, ICICI and Kotak Mahindra.
ZestMoney goes zestier with $13.4m funding
Indian firm aiming to up its tech and product line.
Centrum says Encore Theme for supply chain finance
India-based financial services firm will use ThemeChain system.
Case study: Robocash – fintech crossing the borders
How to adapt a standard financial product to local specifics, by the examples of Kazakhstan and Spain.
Indian start-up PaySpoon dishes up mobile credit
Lendtech and paytech firm wants to be a quick fix.
Flipkart vies for voice-powered shopping with Liv.ai acquisition
Indian e-commerce firm thinks voice will become a preferred interface.
Paytm launches AI cloud for India
Designed for developers, start-ups and enterprises.
Get your patents IN: India – the next hotbed of fintech innovation
Indian fintech is a top five market globally by value of capital funding and investments.
India’s Cosmos Bank stars in $13.5m hacking drama
Malware attack on its Swift and debit card payment systems.
Paytm acquires savings start-up Balance Technology
Where will it find space for the six-member team?
JP Morgan sets up lab for financial inclusion in India
A $9.5m initiative for early-stage firms.
India Post Payments Bank to launch in August
“At least a branch in every district.”
Blockchain firm Swych goes cross-border gifting
US users can now send digital gift cards to friends and family in India in real time.
VTB Bank in Armenia updates mobile and online services
Only 7% of transactions were made online in the first six months.
India’s Zoomcar takes digital ID ride with Onfido
This marks Onfido’s sixth ridesharing partnership.
Bangladesh Bank heist probe report suffers mother of all delays
25 delays to be precise.
Alibaba’s Jack Ma teams with Ganesh Ventures for Indian start-up action
Ma’s new eWTP Ecosystem Fund brings a boost.
Versatile payments ring Xenxo passes $1m funding
India-based firm still looking for more money.
Macro analytics firm Quant Insight feeling bright with funding
It has also expanded further into the US and Asia.
Autosoft and Finja power Allied Bank’s branchless banking
Pakistan-based bank in digital drive.
India’s stock exchange teams with Nasdaq for tech boost
Aiming to increase efficiency and effectiveness of the market.
Georgia’s TBC Bank launches digital neobank Space
SaaS engine Mambu powers new autonomous business.
PayPal gets anti-fraud ability with $120m acquisition of Simility
Buys fraud prevention and risk management platform.
Blockchain-based PlasmaBank breaks into Asia and Europe
The platform will also act as a marketplace for other financial products and bank accounts.
Truecaller buys Chillr for Indian mobile payments thriller
Acquisition builds on Truecaller Pay, which was launched last year.
Copenhagen Fintech and CARE call for start-ups
Looking for ideas in providing loans and cash for the unbanked.
Isbank’s call centres to be powered by Clinc’s AI
US-based Clinc has also opens its first international office in London.
India and Singapore sign fintech MoU amidst ongoing joint projects
India and Singapore are making each other eyes when it comes to fintech partnerships.
India Stack: why I am an unashamed fan girl
The most meaningfully transformative thing I have seen in my life so far.
Personal finance app Fintify readies for UK-India launch
Targeting the non-resident Indian (NRI) market.
ICICI Bank unveils innovation labs
Indian bank follows the digital trend.
Merchant Bank of Sri Lanka live with Fiserv’s core banking tech
Implements Signature system and front-end Teller solution.
