Ankit Bhatia and Bhavish Aggarwal from Ola, FreeCharge founder Kunal Shah, Flipkart cofounder Binny Bansal and Mswipe founder Manish Patel also participated in the round.
After Supreme Court’s decision, companies fear that consumers may hesitate to share biometric details.
Avail Finance lends to consumers who work as office boys, cleaning staff and in other blue collar jobs at big companies and plans to grow their portfolio with the latest round.
CreditVidya provides alternate data credit underwriting solutions to over 25 premier financial institutions.
In a statement to the press, the company said that SPOT is a data platform developed with an objective to be a single stop solution for all financial products.
The trend of ordering food online is rapidly emerging especially amongst the salaried class in urban cities, where people have limited time to visit a restaurant for their daily meals.
“Now every Verifone terminal will be able to work with Ezetap software, which will help us to create customised payment solutions for merchants,” said Abhijit Bose, chief executive officer, Ezetap.
Though the company did not reveal the details around the split between the primary and the secondary component, its CEO Lokvir Kapoor said: “A predominant part of the capital infusion has been in the form of primary.”
Pitch to RBI for permission to allow them to transfer funds to other wallets and bank accounts
The report further goes on to highlight that there could be 3 billion connected devices by 2025 and merchant adoption of payments to go up by 10 folds.
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