Bengaluru-based fintech company ZestMoney has raised $6.5 million in a series A round of funding led by Naspers-owned PayU, the company said on Wednesday. Existing investors, US-based Ribbit Capital and Omidyar Network, also participated in the round along with individual investors. ZestMoney, owned by Camden Town Technologies Pvt. Ltd, will… Read more »
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Payments processing firm PayU India plans to launch two new businesses—consumer credit and digital banking—and accelerate merchant acquisition as it aims to diversify and become an all-round payments hub.
Consumer lending startup ZestMoney is in the process of raising funds in a round led by Naspers-owned online payments platform, PayU, while Soothe Healthcare, has sold major strategic stake to Darshan Patel, founder of Paras Pharma and Vini Cosmetics. Naspers-backed PayU to invest in ZestMoney Consumer lending startup ZestMoney is in the process of raising funds in a round… Read more »
This is the fifth-largest deal ever in the Indian start-up business and is expected to give an attractive exit to Citrus Pay investors, Ascent Capital and Beenos and Sequoia Capital, in particular.
Digital lending platform for SMEs Lendingkart Group – which recently raised $32 million in Series B round led by Bertelsmann India Investments – has appointed former Amazon India and Dubai-based Souq.com executive Vishal Chopra as chief revenue officer (CRO) and ex-PayU India’s Nihit Nirmal as senior VP- products.
India currently has about 1.2 million POS machines and about 0.7 million small and medium merchants have access to these machines.
Online payment services firm PayU Global has appointed former PayPal Europe VP Laurent Le Moal as its chief executive officer.
A one-touch technology will reduce the transaction failure rate, giving a fillip to online commerce in the country.However, there remain concerns around acceptability of such a technology by the regulator.
Online payment services firm PayU Global has appointed former Snapdeal executive Aakash Moondhra as chief financial officer, the company said on Thursday. PayU, backed by Internet and media group Naspers has operations in 18 countries including Latin America, India, Central Eastern Europe, and Middle East and Africa. Apart from acting… Read more »
Contrarian Capital, 91springboard, Axilor and others participated.