Financial

IFSCA Authorises Qkrishi as FinTech Entity for Quantum Finance

Qkrishi is focused on building QFinBox the world’s first quantum finance sandbox Gandhinagar, Gujarat: Qkrishi Quantum Private Limited has been authorized as a Fintech Entity by the International Financial Services Centres Authority (IFSCA) at an event held today in GIFT city, Gandhinagar. The letter of authorization was issued to Qkrishi co-founder Monika Aggarwal and the announcement of the authorisation was…

Tata Capital Launches Digital On-boarding Journey For Loan Against Shares

Tata Capital Ltd, already known for its one-of-a-kind and unparalleled financial facilities, has recently made yet another staggering announcement. The company has launched digital on-boarding journey for Loan against Shares. As a part of the launch of the facility, Abonty Banerjee, the Chief Digital Officer of Tata Capital, said that the digital LAS offered by the NBFC will help its…

SUNREF India – Outreach Programme on Green Housing NHB, AFD and EU create awareness for green affordable housing

After the success of Delhi, Mumbai and Kolkata events; SUNREF (Sustainable Use of Natural Resources and Energy Finance) Housing India programme held its 3rd regional promotional event in Bengaluru, Karnataka, to highlight the importance of green affordable housing and present its key features to the 80-housing market key stakeholders present at the event. Aimed at scaling up green affordable housing…

Everything you need to know about Electric Car Insurance

Over the last few years, we have seen significant advancements in the auto industry, especially in the category of Electric Vehicles (EVs). An electric car is a car whose engine is powered by rechargeable batteries instead of fuel- petrol or diesel. The sales and demand for Electric Vehicles (EVs) are slowly picking up in the Indian auto market with a…

Mybillbook raises $31 million in Series B from Sequoia Capital India, others

MyBillBook, a startup that helps digitise small and medium businesses, has raised $31 million in Series B round led by Sequoia Capital India, Think Investments, and its existing investors Elevation Capital and Beenext. The latest round also saw participation from renowned angels like Vijay Shekhar Sharma (Paytm), Kunal Shah (CRED), Jiten Gupta (Jupiter), Amrish Rau (Pine Labs), Neeraj Arora (HalloApp),…

Paykun Introduces Easy Payment Collections For SMEs At The Lowest TDR Rate – Integrating Payment Gateway Has Never Been Easier

Bhavnagar, PayKun, India’s leading financial solution partner, has made online payment collection easier than ever. According to a recent survey, approximately 80{29395a375d156e93286dd6e7185ccfdd643af63705165a979bd3711654ea3aad} of small businesses have been hit hard by the pandemic. This is where the adoption of technology seems to be advantageous for SMEs post-pandemic. COVID-19 highlighted the dire need for SMEs to integrate digital payment infrastructure to ensure…

Cybersecurity Start-up Global Investment Bank and Capital Trust Announces Closing of $15 million in a “Series A” Round of Funding

Kuala Lumpur, Global Investment Bank and Capital Trust, a global leader in Industrial IoT (IIoT) security, announced today that its “Series A” financing had been completed. GCG Asia Capital, Nihunagia Partnership Fund and several other well-known investors led this round. Global Investment Bank and Capital Trust received a $15 million investment in this round, bringing its total investment to $30…

Global Investment Bank and Capital Trust Announce $68 million Investment Fund in Artificial Intelligence

SINGAPORE, Global Investment Bank and Capital Trust announced the establishment of the GIB Ventures AI Fund, which will invest up to $68 million in startups transforming artificial intelligence. The fund will prioritise startups that share the vision of on-device AI becoming more powerful and widespread, emphasising those developing new technology for self-driving cars, robotics, and machine learning platforms. This fund…

Electrum Fintech, YES BANK, and NPCI launch ‘ZRO Prepaid Card’ powered by RuPay

Gurgaon, May 2021: Electrum Fintech Solutions, an NCR based Fintech start-up, announced the launch of its integrated Payments and Spend Management platform, ZRO in association with YES BANK and National Payments Corporation of India (NPCI) wherein companies of any size can issue RuPay-powered Prepaid Cards to their employees for a plethora of payments. ZRO is an innovative solution for managing…