Our newsletter captures a gamut of exciting topics that keeps the fintech community buzzing. Starting right from Sachetization to featuring our team members, we have it all!
Below is a sneak peek of what we have in store for you this month!!!
When you have enough funds dispersed across several banks, you're likely to land up in hot water because it's difficult to take stock of all of them at once. So, know what New-age fintech has set out to do! Read more.
The underbanked sections can finally access line or credit through cash flow-based lending. This model applies the sachetization idea to address the needs of the MSME/SME financial sector. Read more.
Like a fresh breath of air, OCEN is a digital lending solution to struggling MSME in the country. With its micro-credit opportunities, it helps democratize credit for all. Read more.
Vivek Prashant is our Deputy Vice President here at M2P. You know him as our team member, but through a series of insightful questions - we unmask the true Vivek Prashant. Read more.
Google Play India has tried to eliminate more than 4,000 untrustworthy lending apps, which have caused a lot of disruption in the fintech scene.
28% of banking and payment services are facing the risk of disruption as modern-age fintech's bring new business models to the fore
The fintech credit value in the Asia-Pacific excluding China region is $1.76 Billion.
The overall transaction value of the Indian Fintech Market is all set to jump to $140 Billion by 2023
The global financial sector is expected to be worth US$26.5 trillion in 2022, with a CAGR of 6%.
UK
Ember, the tax and accounting process automation start-up, has raised £1.6 million in the Seed round. The company provides real-time accounting for small business owners and freelancers. The Seed round was led by fintech venture investment firm Anthemis.
CHINA
Burgeon Software, China's leading POS and system construction provider, has received 300 Million Yuan funding in the B round of financing. Burgeon has its system installed in more than 300,00 offline stores and processes more than 300 Billion Yuan in retail transactions every year.
MENA
465 Middle East FinTechstartups are projected to raise over $2 billion in venture capital funding by 2022.
INDIA
Bharat Pe has raised $108 Million in the Series D equity round of financing that puts the company at a $900 Million valuation. Last month, the company had raised Rs.249 Crores from Alteria Capital, Innoven Capital, Trifecta Capital, and ICICI Bank
MALAYSIA & SINGAPORE
Malaysia's market's largest segment will be Digital Payments, with a total transaction value of US$12,666m in 2021. The Fintech investment in Singapore reached US$346 million in 2020, representing 6.2% of all that was raised in Asia.
That's it for now. See you again soon with all the need-to-know fintech updates!
Stay tuned. Stay curious.
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