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Consumer start-up EzCred raises more than $1 Million in fund

May 19, 2017

Bengaluru-based consumer lending startup EzCred has raised more than $1 million from a clutch of angel investors in its first round of funding. EzCred has a unique model of offering digital loans at offline points of sale, in contrast to several other online lending startups which offer credit or loans only through a digital platform.

Read more - http://economictimes.indiatimes.com/articleshow/58742182.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

SoftBank to get $1 bn from Japan’s Sharp for Vision fund

May 19, 2017

Sharp Corp will invest up to $1 billion in SoftBank Group’s planned $100 billion Vision fund and aims to tap advanced technologies through the investment. Taiwan’s Foxconn, the parent of Sharp, has also said it intends to invest in the fund, as well as Apple Inc and chipmaker Qualcomm Inc.

Read more - https://www.vccircle.com/softbank-to-get-1-bn-from-japans-sharp-for-vision-fund/

RBI paperwork done, Paytm Payments Bank will open on May 23

May 18, 2017

India’s leading digital wallet provider Paytm has received a final licence from the Reserve Bank of India for its payments bank, clearing the way for its launch next week.

Read more - http://economictimes.indiatimes.com/small-biz/money/rbi-paperwork-done-paytm-payments-bank-will-open-on-may-23/articleshow/58727338.cms

Honeywell floats $100 Million venture fund to back tech startups

May 18, 2017

Honeywell International Inc has launched a $100 million investment fund that will focus on technology startups. Aerospace will be one of the key focus areas of the fund.

Read more - https://www.vccircle.com/honeywell-floats-100-mn-venture-fund-to-back-tech-startups/

Fintech startup PaySense gets $5.3 Million in Series A

May 18, 2017

Fintech startup PaySense, which runs a digital credit platform, has raised its Series-A round, led by Jungle Ventures with Naspers Group and Nexus Venture Partners. The startup had earlier raised $2.3 Million from Nexus Venture Partners and angel investors in 2015.

Read more - http://economictimes.indiatimes.com/articleshow/58727789.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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