PhonePe Adds Health To Its Insurance Portfolio Offerings
Fintech giant PhonePe has launched its health insurance vertical, offering plans in partnership with multiple insurers.
Source: inc42.com
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PhonePe Launches Own Payment Gateway, Offers Free Onboarding To New Merchants
While most payment gateways charge a standard transaction fee of 2%, the PhonePe Payment Gateway is giving a special free onboarding offer
Source: inc42.com
Walmart Shareholding In PhonePe Drops To 85%
Walmart has seen its shareholding in the fintech decacorn PhonePe drop from 89% to 85% amid the fintech’s $1 Bn fundraise.
Source: inc42.com
PhonePe bags $100M from General Atlantic; total fundraise moves to $850M
The latest infusion is part of an ongoing $1-billion fundraise to build and scale new businesses and support UPI offerings.
Source: yourstory.com
PhonePe bags another $100 million from General Atlantic in ongoing $1 billion round
In January, PhonePe announced raising $1 billion in tranches at a valuation of $12 billion. Since then, the fintech unicorn has raised $550 million from General Atlantic, $100 million from Tiger Global Management, Ribbit Capital and TVS Capital, and $200 million from its largest shareholder--Walmart.
Source: moneycontrol.com