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.
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.
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.
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.
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.