अभिषेक वार्ष्णेय Abhishek Varshney

IIFL Portfolio Company Xtracap Unveils Instant Disbursal for E-Invoice, UPI Moment for SCF: This latest fintech innovation is anticipated to catalyze a transformative shift in the operational dynamics of the supply-chain finance ecosystem in ...

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Sebi Proposes Modernizing Merchant Banking Regulations EP Briefs | The Economic Post | The Economic Club of India Sebi proposes modernizing merchant banking regulations after 30 years, suggesting digital certificates, recognizing foreign qualifications, and easing disclosure requirements. Changes aim to simplify compliance and enhance efficiency. #SEBI #merchantbanking #digital #management #business For details, refer the link ➟ https://lnkd.in/eBF-D263

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Pelocal Fintech Private Limited, a payment solutions provider integrated with WhatsApp, has raised $2 million in seed #funding led by Unicorn India Ventures. This investment will help the company enhance its platform, accelerate large-scale project rollouts, and expand its #market reach. https://lnkd.in/g_QJgPXa

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Over 10 cr digital loans disbursed in FY24, volume up by 35%: Report A recent report by Fintech Association for Consumer Empowerment (FACE) highlighted that over 10 crore loans has been disbursed in the previous financial year, with a jump of 35 per cent in volume and 49 per cent in value, in FY24. Story by Anushka Sengupta #DigitalLoans #FY24 #FACE #GrowthRate #NBFC #AUM https://lnkd.in/etRHNVy4

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Navi Finserv Raises Rs 150 Cr via NCDs 🌟💼 #NaviFinserv #Finance #Investment #Growth #Fintech #Funding #Growth #Strategy #Markets #India #Believeindia To read more in detail, click below: 👇 https://lnkd.in/g8idyYeW

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Fintech startup Snapmint has raised $18 million in a mix of debt and equity funding, led by Prashasta Seth of Prudent Investments Manager, with participation from Perpetuity Ventures LLP and Pegasus FinInvest. The Mumbai-based BNPL (Buy Now Pay Later) platform plans to use the funds to expand its merchant network, integrate with more shopping portals, and grow its balance sheet. Founded in 2017, Snapmint offers credit solutions for purchasing mobiles, electronics, and other products, catering largely to consumers in Tier-II and smaller towns. With over 4 million users and partnerships with 300+ D2C brands, Snapmint claims to have achieved sixfold growth in 2022. Competing with players like ZestMoney and CASHe, the company is backed by lending partners such as ICICI Bank, AU Small Finance Bank, and Northern Arc. Abhineet Sawa | Amitt Sharma | Nalin Agrawal | Anil Gelra | Vivek Gala | Sujit | Anamika Aggarwal | Parvinder Kaur | Arjun Seth | Shilpi | Gautam Kathrotiya | Raunak Mishra | Prantik Mazumdar |Subhash Lode | Viren Makwana | Shridhar Narayan | Abhishek Singhal |

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Fintech startup Snapmint raises $18 Mn in debt and equity ◾Snapmint is a BNPL platform that offers access to credit by allowing shoppers to buy mobiles, electronics, and many other items. https://lnkd.in/gUxmVS6W

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Lendingkart, an Ahmedabad-based fintech firm, announced on April 24, 2024, that Mukund Barsagade will take over as its Group Chief Financial Officer (CFO). Read the full story here: 👇 https://lnkd.in/eDZMsd9v #fintech #lendingkart #leadership #ceo #management #finance #lending #Loans #indianstartupnews

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🚀 Dvara KGFS Raises $10 Million in Debt Funding from BlueOrchard Microfinance Fund!!!! 🚀 Dvara Kshetriya Gramin Financial Services (Dvara KGFS), a leading financial services provider focused on rural India, has successfully secured $10 million in debt funding from the BlueOrchard Microfinance Fund, a prominent global impact investor. This funding was obtained through the issuance of listed non-convertible foreign currency bonds via the External Commercial Borrowings (ECB) route, and these bonds are now listed on the India International Exchange in GIFT City, Gujarat. L V L N Murty, Managing Director & CEO of Dvara KGFS, shared the company’s growth plans: “We aim to grow by 40% in the current financial year, and exploring various avenues for raising liquidity is crucial to ensuring a well-diversified resource profile. Partnering with like-minded foreign funds in the impact space will be key to expanding our reach and empowering more underserved communities with access to critical financial services.” This strategic initiative not only strengthens Dvara KGFS’s financial stability but also enhances its presence in the international debt market, offering sustainable access to lower-cost debt. Shilpa Bhatter, CFO of Dvara KGFS, emphasized the importance of this development: “Listing our debt on the India International Exchange increases our visibility in the rapidly evolving international debt market, securing sustainable access to lower-cost debt and enabling us to maximize our impact on rural communities.” Earlier this month, SME lending platform Lendingkart also raised $10 million via external commercial borrowing from a BlueOrchard fund listed on the India International Exchange, highlighting a growing trend among Indian financial services firms leveraging international markets for funding. Last year, Dvara KGFS raised $14.4 million through listed non-convertible debentures (NCDs) from the Singapore-based Impact Investment Exchange. This continuous flow of investments demonstrates the confidence global investors have in Dvara KGFS’s mission and operational model. Dvara KGFS operates over 400 branches across 110 districts in 10 states, serving more than 2.41 million customers in rural India through an omni-channel approach. The company’s dedication to providing essential financial services to underserved communities is evident through its strategic growth and partnerships. #DvaraKGFS #BlueOrchard #Funding #FundingAlert #FundraiserAlert #DebtFunding #ImpactInvesting #FinancialInclusion #RuralIndia #Microfinance #ECB #SustainableFinance #GlobalInvestors #FinancialServices #Empowerment #CommunityDevelopment #OmniChannel #AllBoutCorps

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CredFlow Raises $3.7M to Transform SME Financial Management! Delhi-based fintech startup CredFlow has secured $3.7 million (Rs 31.2 crore) in a pre-Series B funding round, co-led by Inflexor Ventures and a Singapore-based family office. Since its launch in 2020 by Kunal Aggarwal, CredFlow has become a game-changer for 1.5 lakh+ SMEs across India, integrating $600 billion worth of invoices onto its platform and addressing critical cash flow challenges for businesses. What does CredFlow do? It’s a SaaS-based platform offering SMEs tools for: Real-time cash flow analytics Automated payment reminders Invoice validation Optimizing working capital cycles CredFlow has also ventured into credit scoring with its app KuberX, which already boasts 25K+ monthly active users, targeting a 10x growth by 2025! With this new funding, the startup is set to scale its financial services and lending verticals while enhancing its tech and innovation capabilities. Kudos to the CredFlow team for making waves in the fintech space and empowering MSMEs across India! Read More: https://lnkd.in/gxRiBwg6 #CredFlow #FundingNews #Fintech #SMEs #Startups #Innovation #FinancialManagement #IndiaStartups

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What can Mahabharat teach us about investing? Nilesh Shah shares his reading list and market insights on the FIRSTALK Podcast, presented by IDFC FIRST Private. Watch the full episode here: https://lnkd.in/dcKm3gR4 #IDFCFIRSTBank #AlwaysYouFirst #FIRSTPrivate #FIRSTALK

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