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Micro-Lending Startup Ftcash Raises $7.23 Mn Series A Funding
Founded in 2015 by Sanjeev Chandak, Deepak Kothari and Vaibhav Lodha, Ftcash provides short-term loans to merchants. The startup plans to use the funds to accelerate product development and drive its expansion efforts.
- Categories
- Finance
- Region
- South Asia
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India Unseats China as Asia’s Top Fintech Funding Source
Like China, India’s enthusiasm for finance technology is in part a result of the country’s lack of financial infrastructure. Lending startups are gathering steam as they, like their Chinese counterparts, tailor services to the country’s large unbanked and underbanked consumers and enterprises.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital finance, fintech, startups
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BRAC Microfinance Transforms Into Tier 2 Bank
“We have refurbished 32 of our 163 branches and outlets in 84 districts of Uganda. Upgraded all our software and hardware to meet the required Bank of Uganda standards for Tier 2 institutions,” said Adiga during the Bank’s official launch at Kampala Serena Hotel.
- Categories
- Finance
- Region
- South Asia
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How This Hyderabad Social Entrepreneur Is Using Big Data to Change Farmers’ Lives
At a time of widespread agricultural distress caused by successive droughts, unremunerative farming and debt-trapped rural economies, a young man with his mobile app is showing how change can be brought in the life of farmers at the grassroot level.
- Categories
- Agriculture, Technology
- Region
- South Asia
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PepsiCo Accused of Harassment After Suing Indian Potato Farmers
The company is seeking about $150,000 (£116,000) in damages from each of the farmers, arguing they broke the law by sourcing and dealing the potatoes without participating in its programme.
- Categories
- Agriculture
- Region
- South Asia
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TCS Signs a Deal With India Post to Transform Country’s Mail Delivery System
On the front-end, TCS has implemented its Point of Sale (PoS) solution across 24,000 post offices with over 80,000 PoS terminals, making this amongst the largest such implementations in the world. Additionally, TCS has built a web portal with consignment tracking capabilities, and set up a multi-lingual call center for customer support.
- Categories
- Technology
- Region
- South Asia
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India’s ZestMoney Raises $20m to Grow Its Digital Lending Service
The round is led by Quona Capital, a stealthy Washington-based fund that invests in emerging market fintech and has an office in India.
- Categories
- Finance, Technology
- Region
- South Asia
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Report: India’s Microfinance Sector Seeing Increasing Risk of Overleverage
Icra said in a statement that an analysis of the portfolio of micro finance institutions (MFIs) reveals that the ticket sizes and loan tenures are rising.
- Categories
- Finance
- Region
- South Asia
- Tags
- microfinance
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