Credgenics’ Post

Hello #Fintech Founders! With 2,100+ fintech startups, India is the third-largest fintech ecosystem in the world. Indian fintech startups attracted investments worth $800 Mn in Q2 2023, and this sector is set to produce the most future unicorns. So, if you wish to redefine the future of finance. Apply to our acceleration program, Thrive, now. Hurry, time is running out! Applications close on #February20th. Don't let this chance slip away. Click the link to apply: [https://lnkd.in/dUe5-D9r] Marwari Catalysts | Captabl Sushil Sharma | Abhishek Garodia | Nikhil Gupta | Rameswar Misra | Lalit Mangal | Yogesh Chaudhary | Nitin Sethi | Ranjan Agarawal | Nirav Jogani | Neeraj Kumbhat | Chintan Sheth | Sandeep Gulati | Anil Chhikara | Anish Thomas | Divya Multani | Apoorv Singh | Pareekshit . #fintechstartups #ecosystem #startupaccelerator #startupindia #indianeconomy

The Indian fintech industry has shown massive growth over the past few years. India is gradually becoming a hub for many Fintech startups. These startups, funded by global investors, are actively participating in the market competition and giving challenges to established market players in India. #PoweringAmbitionsPoweringGrowth #fintech #business #startup #investors #growth #marketsize #fintechindustry

📉 Indian Startup Funding Drops by 75% This Week 🚀 Indian startups secured a total of $196.47 Mn across 17 deals, marking a significant 75% decline from the $800.5 Mn raised across 21 deals in the previous week. The largest funding round of the week saw NBFC Northern Arc obtain $75 Mn in debt funding from FMO, making fintech the top sector this week with a cumulative $77.4 Mn raised across three deals. Ecommerce startups led in the number of deals, raising $48.3 Mn through five transactions. However, seed funding saw a notable decrease, dropping 69% to $6.9 Mn from last week’s $22.7 Mn. Despite the downturn, Indian startups continue to innovate and attract investment. Stay tuned to see how the landscape evolves! 🌱✨ #StartupFunding #Fintech #Ecommerce #IndianStartups #Investment #Innovation

According to a recent report by Beams FinTech Fund and JM Financial, India is home to a vibrant fintech industry, boasting 10,200 registered fintech startups. The report further highlighted that India has the third-highest registered fintechs globally. The number of registered fintech startups has grown approximately 5 times in the past 3 years, from 2,100 in 2021 to 10,200 in 2024. #poweringambitionspoweringgrowth #fintechs #didyouknow #financialservices #unicorns #startups #growth

"Whenever you are applying for a financial product, we are touching your life" Meet Sabyasachi Goswami, the man behind one of India's largest B2B fintech startups, in conversation with Shradha Sharma at #TechSparksMumbai2024! Watch now 🎥 #TheGreatIndianTechade #Business #BusinessTips #Startups Perfios

Here’s the story of an online lending platform that had a disruptive proposition, and faced a number of rejections and challenges in its early days. But go back to 2015 and you’ll see that the success of Fibe.India (Formerly EarlySalary) rests on the passion, determination and relentless focus of its co-founders Akshay Mehrotra and Ashish Goyal. In this Forbes article, Rajiv Singh pens down the #scaleup journey of #Fibe, one that we’re extremely proud of and have had the privilege of witnessing first hand since our investment in 2017. Read the article here: https://lnkd.in/g8pMUQ7j #fintech #financialservices #startups #scaleups #founders #entrepreneurs

💳📈 “Having sold my first startup, my motivation was not money. My motivation was to build the most respectable fintech company from India," Amrish Rau, CEO, Pine Labs told Mint, sitting in his office in Bengaluru’s Koramangala neighbourhood. It's been over four years that Rau, counted among the 'veterans' of India's fintech industry joined Pine Labs. What exactly did Rau do to grow Pine Labs into the fintech giant it is today? A lot has changed since he took over. While Pine Labs has its hits, there are significant misses, too. Full story in LiveMint Edit: Goutam Das https://lnkd.in/gkwxcSyC #startups #startupecosystem #startupnews #pinelabs #fintech

#StartupNews🚀: Finding the right customer fit can be tough for innovative startups, said Kunal Shah. In a recent fireside chat at the Mint Investments Summit, Kunal Shah, CEO of fintech unicorn CRED, highlighted the challenges faced by entrepreneurs in India's maturing market. He emphasized the importance of understanding the total addressable market and profit potential. Shah noted that while there are immense opportunities for startups, there's also a high failure rate, requiring a greater acceptance of failure to foster innovation. Investors now demand a clear path to profitability amidst economic uncertainty. Shah stressed the significance of profitability, stating that a business must be profitable to be considered a business. Regarding Cred, Shah outlined the company's strategy to maintain a healthy runway to avoid hasty decisions. Founded in 2018, Cred offers a rewards-based payments app and Shah has invested in various other startups. #cred #unicorn #Buildingbusiness #BPlanadvisors

𝐌𝐨𝐧𝐞𝐲𝐯𝐢𝐞𝐰 𝐁𝐞𝐜𝐨𝐦𝐞𝐬 𝐒𝐢𝐱𝐭𝐡 𝐔𝐧𝐢𝐜𝐨𝐫𝐧 𝐢𝐧 2024 𝐀𝐟𝐭𝐞𝐫 $4.6 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐅𝐮𝐧𝐝𝐫𝐚𝐢𝐬𝐞 Lending tech startup Moneyview has joined the unicorn club after raising INR 38.6 Cr (~$4.6 Mn) in equity funding from Accel India and Nexus Ventures. 𝑯𝒆𝒓𝒆’𝒔 𝒂 𝒒𝒖𝒊𝒄𝒌 𝒍𝒐𝒐𝒌 𝒂𝒕 𝒕𝒉𝒆 𝒉𝒊𝒈𝒉𝒍𝒊𝒈𝒉𝒕𝒔: 💰 𝑭𝒖𝒏𝒅𝒊𝒏𝒈 𝑫𝒆𝒕𝒂𝒊𝒍𝒔: The board approved the issuance and allotment of 60.23 lakh equity shares to Accel and Nexus Ventures at INR 64.15 each. Accel invested INR 19.5 Cr, while Nexus Ventures invested INR 19.1 Cr. 📊 𝑽𝒂𝒍𝒖𝒂𝒕𝒊𝒐𝒏: As per Inc42, Moneyview is now valued at $1.2 Bn. 🏦 𝑫𝒆𝒃𝒕 𝑹𝒂𝒊𝒔𝒆: The board recently approved raising INR 250 Cr (~$29.8 Mn) via private placement of non-convertible debentures. 🔍 𝑨𝒅𝒅𝒊𝒕𝒊𝒐𝒏𝒂𝒍 𝑭𝒖𝒏𝒅𝒓𝒂𝒊𝒔𝒊𝒏𝒈: Moneyview is reportedly in talks to raise $50-$60 Mn in its Series F round; however, the confirmation is awaited. 🏢 𝑨𝒃𝒐𝒖𝒕 𝑴𝒐𝒏𝒆𝒚𝒗𝒊𝒆𝒘: Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview offers personal loans, finance management solutions, and credit trackers, competing with players like Flexiloans and Fibe. 💼 𝑨𝒄𝒒𝒖𝒊𝒔𝒊𝒕𝒊𝒐𝒏 𝑨𝒍𝒆𝒓𝒕: The startup recently acquired the earned wage access platform Jify, enhancing its portfolio of financial products across credit, savings, and investments. 🎯 𝑮𝒓𝒐𝒘𝒕𝒉 𝑻𝒓𝒂𝒋𝒆𝒄𝒕𝒐𝒓𝒚: Moneyview raised $75 Mn in its Series E round led by Apis Partners in December 2022, at a $900 Mn valuation. 🦄 Unicorn Club: Moneyview is the sixth startup to achieve unicorn status this year, following Krutrim, Perfios, RateGain, Ather Energy, and Rapido. 𝑹𝒆𝒂𝒅 𝒉𝒆𝒓𝒆 𝒇𝒐𝒓 𝒎𝒐𝒓𝒆 𝒅𝒆𝒕𝒂𝒊𝒍𝒔: https://lnkd.in/guwamtM2 #Startups #FundingNews #Unicorn #FinTech #Investment #BusinessGrowth #StartupSuccess #Fintech #FundingNews #VentureCapital #UnicornStartup #Moneyview #AccelIndia #NexusVentures #Entrepreneurship #Innovation #Trending #Breakingnews #Latestnews

Bengaluru-based loan provider Moneyview has reportedly become India's newest unicorn startup after raising funding at a valuation of $1.2 billion. According to Entrackr report, the startup secured investments from existing backers Accel India and Nexus Ventures. The report said Accel India contributed Rs 29 crore, while Nexus Ventures added Rs 19 crore. The funding round is still ongoing, and Moneyview is likely to raise more funds in the upcoming months. In December 2022, Moneyview achieved a soonicorn status after it raised 75 million at a valuation of $900 million. ----------------------------------------------- Looking to make an impact in the startup ecosystem? Visit https://lnkd.in/dkvpgxWB to see how we can work together. #bengaluru #loans #lending #unicorn #startup #funding #Investors #Indianstartupnews