The Digital Fifth Newsletter

30 Fintech Acquisition Deals in 2021 in India

The broader trends that we observed in 2021 were:

• Post Series C funding (anything in excess of 100 million) Indian startups are focusing on inorganic growth
• Payment startups are primarily fueling this by acquiring lending startups
• Neobanking leaders are getting into end to end offering by adding wealth, lending services
• International startups are looking at opportunities to acquire cutting edge platforms

Over the past 12 months, The Digital Fifth has collated and analyzed all the funding acquisitions data available on Fintech startups and created an in-depth analysis to understand how the market has performed. Download the Full Report Now

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CredAvenue to develop co-lending solutions for banks

Chennai-based CredAvenue's co-lending platform CredCoLend?has announced a collaboration with the leading digital banking?solution provider, Infosys Finacle, part of EdgeVerve System?a wholly-owned subsidiary of Infosys, to develop innovative?co-lending solutions.

UK’s Revolut invests Rs 340 crore in India as first tranche

London-based fintech player?Revolut, valued at $33 billion, has invested Rs 340 crore into its Indian operations.?Revolut joins the ranks of US-based Stripe (valued at $95 billion), UK’s Tide and Australia’s Zip that have announced their India-specific plans at a time when digital adoption is at an all time high.

Source: Times of India

GetVantage was founded in 2019 by Amit Srivastava and Bhavik Vasa. Amit Srivastava, having founded and scaled multiple companies in the financial services and technology sector, is currently the head of tech and operations. Bhavik Vasa, CEO, was the Chief Growth Officer at ItzCash. The company has raised $5M over two rounds.

If technology spending only could result in Digital Transformation, all large banks would be leading the Fintech Revolution. Leadership and culture matters more than money.

Sameer Singh Jaini

Founder & CEO

The Digital Fifth