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CB Insights Research Email February 1, 2021 Where is this data coming from? Start your free trial today Email Start your free trial today Email The Covid-19 pandemic has driven shoppers increasingly online, diversifying how and where consumers choose to shop. Even before the pandemic, commerce was already becoming more diffuse, as shoppers shifted between stores and devices and looked to a broader array of shopping options, including marketplaces and social platforms.  FREE REPORT: THE STATE OF RETAIL tech H2’20 In-store retail tech and e-commerce fundi...

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. CoinSwitch Kuber raises $15 million in Series A 13 January 2021 Source: CoinSwitch Kuber CoinSwitch Kuber, India’s fastest growing cryptocurrency investment platform announced that it has closed $15 million (Rs. 109 Cr.) in its Series A funding. The round is led by leading global fintech and crypto investor Ribbit Capital, and San-Francisco based crypto focused investment firm, Paradigm. The deal brin...

When people did not want to part with cash, the ‘Buy Now, Pay Later model found its moment of glory among a host of consumers.

The regulator is also understood to have called for information from registered NBFCs that either partner fintechs or lend via apps. Meanwhile, the Digital Lenders Association of India, or DLAI — with members like Capital Float, IndiaLends and ZestMoney — has shared a checklist of telltale signs that a lending app is not RBI-regulated. A key giveaway is that the party asking for the loan agreement is not an RBI-regulated entity. “The RBI has norms for data privacy, data localisation and recovery of bad loans. Apps that are registered as NBFCs come under these guidelines. Currently, fi...

How app-based loan sharks lay death-traps for borrowers Illegal app-based financiers are thriving across the country. These moneylenders target younger customers who look for quick loans for consumption purposes. On default, the harassment begins. December 23, 2020 / 04:21 PM IST It was a shocker for Rajiv, a 25-year-old engineering student in Chennai, when he received back-to-back calls from family members and friends last month seeking details of his loan default and offering monetary assistance to come out of the debt-trap. Rajiv had drawn a Rs 50,000 loan from one of the digital lendin...