India’s OneCard credit card-maker FPL Technologies lands $10 million

A 20-month-old start-up in India founded by a group of banking veterans that has actually developed a mobile-first credit card and is enhancing the experience users have with charge card has actually protected $10 million in a brand-new financing round. Pune-based FPL Technologies’ $10 million Series A funding round was moneyed by Matrix Partners India, Sequoia Capital […] Pune-based FPL Technologies’$10 million Series A funding round was moneyed by Matrix Partners India, Sequoia Capital India and Hummingbird Ventures, Anurag Sinha, co-founder and primary executive of the startup, stated in an interview with TechCrunch. We wrote about FPL Technologies last year when the startup had actually closed a$4.5 million Seed funding round. At the time, Sinha had actually stated that FPL Technologies was working on a credit card. In June this year, the startupintroduced its credit card, called OneCard. …

India’s Khatabook raises $60 million to assist merchants digitize bookkeeping and accept payments online

India’s Khatabook raises $60 million to assist merchants digitize bookkeeping and accept payments online

Khatabook, a startup that is helping small companies in India record monetary transactions digitally and accept payments online with an app, has actually raised $60 million in a new financing round as it seeks to acquire more ground on the planet’s second most populated country. The new funding round, Series B, was led by Facebook co-founder […] Khatabook, as well as a handful of young and recognized gamers in the country, is attempting to change that by using apps to enable merchants to digitize their bookkeeping and also accept payments.-backed OkCredit, Ribbit Capital-backed BharatPe, Walmart’s PhonePe and Paytm, all of which have actually raised more money than Khatabook. Khatabook will deploy the new capital to expand the size of its technology team as it looks to develop more items. India’s payments market could reach $1 trillion by 2023, according to a report by Credit Suisse. …