Tag Archives: raises

Veritas Finance raises Rs 350 crore from Kedaara Cap, others

Veritas Finance has created a loan book of Rs 1,308 crore as February 29, 2020, with a customer base of 48,638 across eight states and one union territory Veritas Finance, the Chennai-based non-banking financial company (NBFC) focused on lending to micro, small, medium enterprise (MSME), on Thursday announced that it has raised Rs 350 crore through a Series E investment ... Read More »

Millennial-Focused Digital Bank Empower Finance Raises $20M

San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The Founder and CEO of Nubank David Velez also participated in the funding round. The company, which was founded in 2017, is run by a former Sequoia Capital ... Read More »

Leap Finance raises $5.5M to democratize financing for foreign-bound Indian students

Tens of thousands of Indians move to the United States to pursue higher education each year. But like many others who have arrived from a foreign land, they can’t secure education loans or personal loans from the banks at interest rates on par with those levied on local students. The reason why these students — or anyone else moving to ... Read More »

Education-focused lender Leap Finance raises $5.5 million led by Sequoia

MUMBAI : Leap Finance, a fintech startup for Indian students pursuing international higher education, on Tuesday, said it has raised $5.5 million led by venture capital firm, Sequoia Capital India Advisors. The round also saw participation from angel investors, including Bhupinder Singh, founder of consumer lending firm InCred and Kunal Shah, founder of credit card payment startup Cred. Founded in 2019 ... Read More »

Ujjivan Small Finance Bank raises capital in pre-IPO round

MUMBAI : Ujjivan Small Finance Bank has raised ₹250 crore in a pre-initial public offering (IPO) round led by India Infoline (IIFL) group’s funds, a private equity fund of Avendus Capital and Akash Bhanshali of Enam Group. The pre-IPO round closed on Wednesday. The lender’s filings with the registrar of companies (RoC) shows that funds managed by IIFL invested around ₹136 crore in the pre-IPO round. The ... Read More »

SAIF Partners-backed Aye Finance raises $10 mn in debt funding

Non-banking finance company Aye Finance Pvt. Ltd said on Thursday it has raised $10 million (Rs 71 crore) in debt funding from Swiss asset manager responsAbility Investments AG and homegrown firm Northern Arc Capital. Aye Finance will use the proceeds, raised through non-convertible debentures, to boost its loan growth, it said in a statement. This is the 12th such debt ... Read More »

Real Vision, a media platform for finance and business, raises $10 million

  Real Vision is entering the crowded business and financial new space with a bang. The company, which recently raised a $10 million Series B after a $5 million A round, is working on a number of new initiatives including distribution on Apple TV, a content distribution partnership with Thomson Reuters and an upcoming documentary on PBS. The documentary, “A World ... Read More »

Time of Sports raises funding from Amtrak MD Sandeep Arya

New Delhi-based Time of Sports Networks Pvt. Ltd, which provides sports consultancy services, has raised an undisclosed amount of funding from Sandeep Arya, managing director at Amtrak Technologies Pvt. Ltd, it said in a statement. The startup will use the funds to expand its sports consultancy operations and develop a mobile app which will enhance converge of sports and fitness ... Read More »

Streaming sports startup FuboTV raises $55 million

When it comes to streaming TV, FuboTV wants to be the place sports fans go when they are looking to catch up on their favorite sports league or team. To expand its channel lineup and grow its customer base, FuboTV has raised $55 million in Series C funding led by Northzone, with participation from 21st Century Fox, Sky and Scripps Networks Interactive. That brings ... Read More »

To support MSME lending IndusInd bank raises USD 225 million from OPIC

With the intention of helping micro, small, and medium enterprise (MSME), IndusInd Bank recently raised USD 225 million loan from OPIC. Representational image The Overseas Private Investment Corporation (OPIC) has given a loan of USD 225 million to IndusInd Bank, to support its micro, small, and medium enterprise (MSME) lending programs. This financed agreement will open doors for 25 per ... Read More »