Weekly Insights from The Banking & Finance Post: News, Articles, Interactions & More

DPIIT and Paytm join forces to propel fintech and manufacturing startups in India

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a Memorandum of Understanding (MoU) with Paytm (One97 Communications Limited) to promote innovation and accelerate the growth of fintech and manufacturing startups in India.

Read more: https://tinyurl.com/kpps58fp

Oxyzo locks in INR 100 Cr debt from AK Capital at 9.75% interest

Fintech unicorn Oxyzo has raised INR 100 Cr (approximately $11.5 Mn) through debt financing from AK Capital.

Read more: https://tinyurl.com/5yshfesy

CredCore secures $16M in Series A to revolutionise debt capital markets with AI

CredCore has raised $16 million in a Series A funding round, spearheaded by Avataar Ventures, with participation from Inspired Capital, Fitch Group, BellTower Partners, and key figures in asset management and financial services.

Read more: https://tinyurl.com/mr42ksxt

MobiKwik strengthens fintech portfolio with 3.39 percent stake in Blostem

MobiKwik has taken a significant step toward expanding its fintech footprint by acquiring a 3.39% stake in Blostem Fintech.

Read more: https://tinyurl.com/2pamj8mz

PhonePe gears up for IPO after completing a decade in business

Bengaluru-based fintech giant PhonePe has initiated preparations for a potential stock market debut in India, more than two years after shifting its domicile from Singapore.

Read more: https://tinyurl.com/3kfnvzbd