Fintech Startups

The VC firm will split its focus evenly between fintech and commerce, and plans to deploy $150–160 million over the next two to three years.

At Mint Money Festival, Zerodha’s Dinesh Pai shared why Rainmatter backs founders obsessed with real problems, why execution trumps ideas, and why most retail investors should avoid angel bets.

Accounting tech firm Clear is accelerating its global expansion into Europe and West Asia, driven by regulatory shifts like the EU’s VAT in the Digital Age directive.

Cashfree Payments is focusing on building its cross-border payments vertical, leveraging a recent $53 million investment and navigating new RBI guidelines while targeting businesses expecting significant revenue from the Indian market.

The move comes amid a wave of new entrants in the space, including Super.Money and Navi, even as established players like PhonePe and Google Pay maintain their stranglehold on the market.

So far, payment aggregators and online businesses have found immense value in Juspay’s orchestration services, which aim to reduce failed payments and deliver the best conversion rates. Now, Razorpay and Cashfree are offering their own orchestration platforms. What does it all mean?

Overall venture debt funding in India has hit $1.48 billion so far this year, up 10% from 2023, breaching the billion-dollar mark for a second consecutive year as demand for non-dilutive financing becomes mainstream.

Ranganathan, who might have struck gold a third time, said Zinc Money is built on the intersection of wealthtech and AI, the two sectors that are honey for investors' ears in 2024.