India FinTech Forum’s Post

Tarabut, the MENA region’s open banking platform founded in 2019 by Abdulla Almoayed, has announced its acquisition of Vyne, a London-based real-time account-to-account (A2A) payments platform tailored for online businesses. This strategic move, endorsed by the Saudi Central Bank – SAMA and the UK’s Financial Conduct Authority (FCA), strengthens Tarabut’s capacity to offer faster, more accessible, and interconnected financial services both within the region and internationally. Source: https://cutt.ly/beWKFu1D #t20egypt #startups #entrepreneurship #networking #investing #technology #google #digital #funding #egypt #banking #fintech

In 2021, while we had some exciting new age/digital banks in Quona portfolio across Brazil, South Africa, Indonesia, Mexico, we had none in India. While frustrating, this wasn't surprising since the overwhelming din around digi/neobanks in India (with incredulous rounds being raised) was primarily from tech companies building wrappers on incumbent banks. And understandably, this approach didn't get regulatory blessing to "be a bank". In the midst of this, we got introduced to Shivalik Small Finance Bank in Dec of 2021 (thank you Nipun Mehra!). and what a ride it's been since then! We were impressed by the strength of their incumbent banking business. Over the next several months, we engaged with the team and came to appreciate their ambition, vision and execution to evolve into a digital and open banking platform. These included some big leaps in license (to SFB), tech, team, product, partnership and most importantly, vision and leadership of the board and senior team; and onboarding Anshul Swami as the CEO was a clincher! In late 2022, we introduced Shivalik to a number of investor friends and Accel and Subrata Mitra were quick to grasp why we were excited. Things moved quickly from there and my Partner Varun Malhotra (along with Satvik Bhanot & Sheena Jain) led our investment in Shivalik along with Rachit Parekh. That brings us to present time and and the latest round led by Sorin and Lightspeed India - https://lnkd.in/gcSTduKf There is still lots to do and a long way to go. But the last couple of years have been transformative for Shivalik Small Finance Bank and we believe we all are witnessing a pioneering new bank in making! On behalf of Quona Capital, thanks to Gaurav Mittal Harsh Mittal Anshul Swami DK Mittal for our partnership!

Pakistani fintech Abhi (YC S21) has secured $15 million in credit financing led by Shorooq Partners and Amplify Growth Partnership. In a significant move, UAE-based Codebase Technologies has partnered with Abhi to offer Earned Wage Access (EWA) solutions through its Digibanc platform. This collaboration aims to enhance global financial inclusion by providing businesses with tools to support employees’ financial well-being. With 76% of workers living paycheck to paycheck and 1.7 billion people lacking access to formal financial services, this partnership addresses the urgent need for accessible financial solutions. #Fintech #Abhi #CodebaseTechnologies #FinancialInclusion #EWA #Investment #CreditFinancing

Reserve Bank of India (RBI) Governor Shaktikanta Das introduces a comprehensive fintech repository to boost transparency and trust within India's fintech landscape. This initiative promises to streamline regulatory processes and foster innovation. Read more about this pivotal development here: https://lnkd.in/gR6vUWRj. #Fintech #Transparency #Innovation #RBI #ShaktikantaDas #IndianFintech #TechNews #FinancialInclusion

India secured the third position globally in terms of funding raised for the fintech sector in the first quarter (Q1) of this year, a report showed on Friday. Check out the full story : https://lnkd.in/gfUpb8ta #fintech #economy #tracxn #marketintelligence #dynamiceconomic #fintechsector #bizzbuzz

FinTech Funding October 2024: Total $199 mln raised by Indian FinTechs In October 2024, India’s fintech funding fell sharply to USD 199.4 million from just four rounds, continuing a declining trend from August’s USD 507.8 million and September’s USD 230 million, according to 1Lattice data. Although, the October 2024 funding remains almost the double compared to the previous year in the same month. This funding slump reflects global investor caution and adds to the sector's recent volatility. Finova Capital | Vridhi Finserv Home Finance Limited | Money Zinc Financial Services | Febi.ai Story by Shrishti Sharma #FinTechFunding #InvestorTrends #IndiaFinTech #Funding #GlobalMarket #IndiaFunding #trends #Growth #Investment #fintech #etbfsi https://lnkd.in/gEvMMtUw

EP Briefs | The Economic Post | The Economic Club of India But despite a contraction in funding, the country’s fintech funding market continued to remain amongst the top three globally after the United States of America (USA) and the United Kingdom (UK). #traxcn #Fintech #funding #investment #IPO #technology Catch the day's latest news here ➟ https://lnkd.in/e4pnDSWe

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India's Fintech Revolution At the PICUP Fintech Conference & Awards, Mr. Vivek Joshi, Secretary, Department of Financial Services, Government of India, highlighted India's incredible journey as the fastest-growing large economy in the world, with a significant boost from the Fintech sector. India’s fintech sector is now the 3rd largest globally, boasting over 10,000 Fintechs driving innovation across various domains. This rapid economic growth wouldn’t have been possible without their contributions. Mr. Joshi also emphasized the need for Fintechs to collaborate closely with banks, urging them to co-create solutions that drive even greater impact. Let's continue to build on this momentum and shape the future of finance together! Source: FICCI #fintech #businessloans #workingcapitalloans #msmeloans #smeloans #lineofcredit #UPI #BharatStack

Save the date for an insightful conversation on ''Money Matters: Powering India's SME Growth Story” with Jitendra Kumar on March 8th at FinTech Festival India, Yashobhoomi, New Delhi, as we delve into the pivotal role of finances in fueling the growth of India's SME sector!🙌 #PayUForU #FintechFestival