Indian telecommunications major, Bharti Airtel has acquired an equity stake in fintech startup Seynse Technologies Pvt Ltd, for an undisclosed amount. The deal has been facilitated through its subsidiary arm, Bharti Airtel Services.mLaunched in 2015, Seynse offers a host of digital financial services to its users including a digital lending platform called Loan Singh. To this end, it has built a proprietary credit engine and deploys machine learning to offer easy loans to credit-worthy SMEs.
Mumbai-based Workcell Solutions Pvt Ltd, which runs B2B app for pharmacies Reap, has raised an undisclosed amount in seed funding from FreeCharge founders Kunal Shah and Sandeep Tandon, Chaayos co-founder and CEO Nitin Saluja and Thinklabs founder Gagan Goyal. The funding will be utilized to develop the product further and expand operations.