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FamPay, a fintech aimed at teens in India, raises $38 million – TechCrunch

FamPay, a fintech aimed at teens in India, raises $38 million How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out. Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round...
Bamrish Rau Kush Taneja Sambhav Jain Mridul Arora Kunal Shah Indian Institute Of Technology

Byju's becomes most valuable startup in India, 11th globally

New Delhi: Edtech company Byjus is now Indias most valuable unicorn startup with a valuation of $16.5 billion, surpassing fintech company Paytms $16 billion valuation. As per CB Insights data, as of June 2021, Byjus is the 11th most valuable startup in the world. The total number of unicorns worldwide is 708 with a valuation of $ 2319 billion. Chinese company Bytedance, the parent company of TikTok, is the most valuable startup in the world with a valuation of $140 billion. Byjus investors inc...
United States New Delhi Abu Dhabi Byju Raveendran Softbank Group Tencent Holdings

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Fave the latest to introduce 'Pay Later' options in Singapore and Malaysia

Fave the latest to introduce ‘Pay Later’ options in Singapore and Malaysia By Fave will be introducing interest-free ‘Buy Now, Pay Later’ options with a three-month installment plan that will include cashback for users The platform will be piloting a type of point-of-sale installment loans in Singapore and Malaysia ‘sometime next month’ Southeast Asia’s fast-growing consumer fintech platform Fave, recently acquired by one of Asia’s leading merchant commerce platforms Pine Labs...
Republic Of Joel Neoh Dashveenjit Kaur Pine Lab Buy Now Pay Later

Pine Labs may raise additional funds in coming weeks; aggressively scaling online business

Pine Labs may raise additional funds in coming weeks; aggressively scaling online business Close on the heels of a USD 285-million investment round, fintech major Pine Labs may raise additional funds in the coming weeks as it continues to receive investor interest, according to a top company official. The company also aims to process USD 1 billion worth of online transactions this fiscal, as it scales its offerings for online merchants and help offline retailers in India expand their presence i...
Marshall Wace B Amrish Rau Baron Capital Group Pine Labs Duro Capital Moore Strategic Ventures

Pine Labs may raise additional funds; aggressively scaling online biz

Close on the heels of a USD 285-million investment round, fintech major Pine Labs may raise additional funds in the coming weeks as it continues to receive investor interest, according to a top company official. The company also aims to process USD 1 billion worth of online transactions this fiscal, as it scales its offerings for online merchants and help offline retailers in India expand their presence into the virtual space. Speaking with PTI, Pine Labs Chief Executive B Amrish Rau said th...
Marshall Wace B Amrish Rau Baron Capital Group Pine Labs Duro Capital Moore Strategic Ventures

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