Airtel partners Axis Bank to boost India’s digital financial services ecosystem
The Airtel Axis Bank credit card is the first product to be launched under the partnership.
Asia
Indian neobank Niyo lands $100m Series C to boost product development
Niyo CTO says: “We are seeing massive tailwinds for digital financial products since Covid-19.”
India’s Pine Labs secures $150m funding from Alpha Wave
The fintech has previously seen investment from the likes of PayPal and Mastercard.
Education financing platform Propelld raises $35m Series B
The start-up intends to add another 100 to 150 employees to its already 150-strong workforce.
Askari Bank taps Hysab Kytab for personal financial management tech integration
The integration of the PFM solution forms part of the bank’s ongoing digitisation strategy.
Pakistan’s largest bank in major tech overhaul with Temenos and NdcTech
It is understood the new tech will replace the legacy Equation system from Temenos’ rival, Finastra.
India confirms digital rupee CBDC to debut by 2023
The finance minister announced a raft of digital economy support measures in her Union Budget 2022-23 speech.
New neobank Coupl set to launch in India
Start-up allows couples to set up joint accounts and manage their money together.
Bank of Baroda taps enterprise tech provider NCR for ATM-as-a-Service solution
The Indian bank says the new ATMs will offer “expanded transaction options via our self-service channel”.
Crypto platform Rain rakes in $100m in Series B funding
Rain’s $110m Series B funding round was co-led by Paradigm and Kleiner Perkins.
Modifi acquires Seawise Capital’s trade finance and SaaS business in India
Modifi’s business in India has grown more than 2,100% over the past 18 months.
Rupifi appoints early investor Rajesh Kamra to lead B2B payments innovation
Rupifi says it’s India’s “first embedded finance company” in the B2B payments space.
Indian fintech start-up M2P raises $56m in Series C1 round
M2P claims to have raised more than $100 million in the past year alone.
New financial services app Zindigi launches in Pakistan
Zindigi says the country has many banks, “but not many banking experiences”.
Indian fintech FPL Technologies raises $75m in Series C round
Pune-based FPL’s products are designed to create a credit-savvy population.
Crypto exchange CoinDCX names former Wells Fargo exec Divakar Prayaga head of information security
Launched in 2018, CoinDCX claims to be India’s “safest crypto exchange”.
Sumitomo Mitsui Trust Bank invests in Indian lender DMI Finance
DMI Finance has closed a $47 million equity investment round.
Central Bank of Bahrain and JP Morgan conduct successful digital currency settlement test
The test was facilitated by JP Morgan’s new blockchain-focused business unit Onyx.
B2B embedded finance fintech Rupifi raises $25m in Series A round
The fintech says B2B commerce has undergone a digital transformation over the past few years.
Indian paytech Cashfree to double workforce this year
The company plans to have a 950-strong workforce by the end of 2022.
New neobank for couples Fibbl launches in India
The Bangalore-based Fibbl bills itself as a neobank for couples to manage money as a team.
ICYMI funding round-up: pliant, CreditBook, CIRCA5000, and LiveFlow
Our weekly ‘In Case You Missed It’ funding round-up for you to get the latest funding news.
Indian paytech Razorpay raises $375m, plans international expansion
Razorpay’s Series F funding round now values the firm at $7.5 billion.
Indian paytech Juspay secures $60m in Series C funding round
The funding will be used to support national and international expansion.
India’s Open buys neobanking start-up Finin in $10m deal
Open CEO Anish Achuthan says the acquisition will complement his firm’s BankingStack enterprise offering.
India’s FSS and CSB Bank team up to provide banking services to the financially underserved
The partnership will see 1,000 Smart Cash franchises opened in underbanked areas.
Indian BNPL start-up Uni raises $70m in Series A funding round
“BNPL is growing at a breakneck speed in India,” says CEO Nitin Gupta.
MTN hires Hermann Tischendorf as CTIO for digital and fintech
Tischendorf joins from 4Finance Group, where he served as CTO.
Aussie fintech Finder secures first capital injection worth $22m
Finder co-founder Fred Schebesta says the company has been “bootstrapped since day one”.
Slice hits unicorn status with $220m Series B funding round
Cash injection will be used to further develop its product offerings and hire more staff.
Indian fintech start-up Simpl lands $40m in Series B funding
Fast-growing Indian e-commerce sector is in the company’s sights with its cardless payments offerings.
SME neobank Open launches new embedded finance platform Zwitch
Open says Zwitch has already helped 10 start-ups embed financial services.
Indian government takes next step in banning cryptocurrencies
Scheduling of bill points to government’s stance despite speculation over rethink.
Euroclear partners India’s HCL to modernise digital framework
HCL will set up a co-innovation lab in Brussels to explore emerging technologies.
Citi to take $1.5bn charge shuttering South Korean retail banking business
The charge related to the closure will affect the bank’s operations through the rest of 2021 and 2022.
South African BaaS platform Jumo raises $120m in funding
The company will use the cash to expand into more emerging markets.
Indian fintech Glimpay aims to solve freelancer payment issues
The firm says it can help users send trackable and shareable invoices to clients to manage their payments.
Digital trade finance platform Drip raises $175m in equity and debt funding
Drip provides SMEs across India, Mexico and the US access to collateral-free credit.
Oracle wins trio of new clients in US, Vietnam, and Uzbekistan
Protego Trust Bank, InFinBank, and Toyota Financial Services all pick Oracle systems.
Sri Lanka rolls out new digital payment solution LANKAQR
Central bank-backed scheme facilitates digital payments to merchants and service providers using QR codes.
