India’s OkCredit raises $67M to help small merchants digitize their bookkeeping – gpgmail

[ad_1] OKCredit, a Bangalore-based startup that enables small merchants to turn their bookkeeping digital, has raised $67 million to expand its business in the nation. The Series B financing round for the two-year-old startup was led by Lightspeed and Tiger Global. The new round, which follows Series A financing round in June this year, climbs […]

Walgreens joins Apple Card’s rewards program to offer 3% Daily Cash on purchases – gpgmail

[ad_1] Apple Card’s rewards program, Daily Cash, is expanding today with the addition of Walgreens. The retailer joins Uber and Uber Eats to become the latest merchant to offer 3% Daily Cash to Apple Card customers who use Apple Pay at checkout. This includes purchases made in both Walgreens and Duane Reade retail stores, as […]

Nigerian online-only bank startup Kuda raises $1.6M – gpgmail

[ad_1] Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its banking license from the Nigerian Central Bank, giving it a distinction compared to other fintech startups. “Kuda […]

Paytm’s annual loss doubles to $549M – gpgmail

[ad_1] Running a payments business in India is not cheap. Just ask Paytm . One of India’s largest payment companies reported a net loss of Rs 3959 crore ($549 million) for the financial year that ended in March, up 165% over 1490 crore ($206 million) in the same period last year. During the same period, […]

8-month-old startup FPL Technologies raises $4.5M to improve credit card experience in India – gpgmail

[ad_1] An eight-month-old startup in India that wants to improve the user experience of credit card holders in the nation has received the backing of at least two major investors. Pune-based FPL Technologies said Thursday it has raised $4.5 million in its maiden financing round from Matrix Partners India, Sequoia Capital India, and others. In […]

India’s mobile payments firm MobiKwik reaches rare key profit milestone – gpgmail

[ad_1] Indian mobile payments firm MobiKwik has reached a milestone very few of its local rivals can even contemplate: not burning money. The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation, and amortization. “We have been in an ecosystem where we have seen a lot of high-growth and […]

India’s 9-month-old CRED raises $120M to help people improve their financial behavior – gpgmail

[ad_1] Many Silicon Valley companies and fintech startups in India today share a common mission: They all want to bring their financial services to the next billion users. Dozens of fintech startups that we have spoken to in recent months have told us that they all want to address much of India, one of the […]

PayPal-backed money lender Tala raises $110M to enter India – gpgmail

[ad_1] Tala, a Santa Monica, California-headquartered startup that creates a credit profile to provide uncollateralized loans to millions of people in emerging markets, has raised $110 million in a new financing round to enter India’s burgeoning fintech space. The Series D financing for the five year-old startup was led by RPS Ventures, with GGV Capital […]

Venmo launches instant transfers to bank accounts – gpgmail

[ad_1] PayPal -owned payments app Venmo today announced support for instant transfers to U.S. bank accounts. The feature is an optional alternative to Venmo’s standard bank transfer service, which typically takes one to three business days to process transactions. With Instant Transfer, however, funds from your Venmo account can hit your bank account within minutes. […]