MINTOAK
Important to remove bias rather than woman tag: Female top bosses
Women in corporate India believe that removing the bias attached to women entrepreneurs and leaders is more important than shedding the tag itself, as females in the workforce are a role model for others who follow in their footsteps. On the occasion of Women Equality Day, women leaders in tech, that PTI spoke to, said their journey reflects opportunity, determination as well as a responsibility, and hence they would not want to shed the "woman" label.
SaaS startup Mintoak raises $20 million in funding led by PayPal Ventures
Mintoak, founded in 2017, plans to deploy the latest capital to ramp up its technology stack and double down on its existing product portfolio.
Raman Khanduja of Mintoak opens up on its fundraise and more
Mintoak, a Software-as-a-Service (SaaS) platform focused on merchant services, has raised $20 million led by PayPal Ventures with participation from British International Investment and existing investors HDFC Bank and Pravega Ventures.HDFC Bank increased its stake to 7.75% from 5.20% thro...
Amazon to integrate services with ONDC; cricketer Deepak Chahar, wife Jaya float fantasy sports app
Amazon said the move aims to provide greater technology support to the seller community and further empower small businesses.
ETtech Deals Digest: Funding for Indian startups dropped 79% YoY this week
Here is a list of startups that raised money this week.
UPI is now linked with Singapore’s PayNow; IAMAI urges Delhi govt not to penalise drivers, bike taxi firms
An Indian user can initially send up to Rs 60,000 in one day (equivalent to around SGD 1,000). For the user's convenience, the system will dynamically calculate and show the amount at the time of the transaction in both currencies.
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Rivals snag users from top payment gateways hit by RBI freeze; RoC seeks MCA nod to examine GoMechanic’s books
Payment aggregator CCAvenue has seen an 18% jump in new merchant sign-ups in the October-December period, while merchant addition tripled in six months for Pine Labs’ Plural. The increase in the share is pursuant to Razorpay, Cashfree Payments, PayU and Paytm pausing new sign-ups following an order from the Reserve Bank of India which has also rejected payment aggregator licence applications of some of these players.
Why group buying has flopped in India; firms seek clarity on proposed data storage rules
Under this model, companies sell products at much lower prices to customers, provided they place orders as a group. Chinese internet firms such as Pinduoduo elevated group buying to a fine art, racking up hundreds of millions of users.
HDFC Bank acquires 7.75% stake in payments startup Mintoak
After completion of the deal, HDFC Bank will hold 7.75% of the total share capital of Mintoak on a fully diluted basis.
HDFC Bank acquires 7.75 per cent stake in fintech start-up Mintoak for Rs 31.1 crore
The bank said in a regulatory filing that it has executed agreements on December 13 to subscribe to 21,471 fully paid up Compulsory Convertible Preference Shares (CCPS) of face value of Rs. 20 each at a premium of Rs. 9,711 for an aggregate consideration of Rs. 9,731 per CCPS to be issued by Mintoak.
Payment apps are cornering the SME sector. What can India's old-fashioned lenders do?
There are several juggling acts going on here, apart from the millions of small businesspeople reconciling their accounts across the many services that have sprung up as an alternative to cash and plastic.
New norms put auto debits in no man's land
Confusion over re-enabling automatic payments leads merchants to seek options, curtail services
RBI rejects demand of online merchants to store customers' credit card data
"The regulator is of the view that merchants storing credit card data would cause cyber security risks to the consumer and they do not have any locus standi as these norms pertain to payment aggregators and gateways," said an official in the know.
2020 Year in Review | Stage set for UPI to unlock its promise
The year 2021 may well be one where UPI evolves as a core payment channel on top of which businesses are built, unlocking opportunities for startups and big tech to scale up their fintech solutions.
Big Tech's UPI cap expected to nurture ecosystem, peers
Regulatory intent behind NPCI’s 30% market share limit for apps is to level the playing field for all participants, but enforcement may be a challenge, say experts
No cash, no card, just pay on the go
Smart money and smart processes are coming together to enable a smooth shopping experience for you — convenient, contactless, and cheap
Payment solutions firm Mintoak raises Rs 15 cr in pre-series A from Pravega Ventures
The capital raised will be used to strengthen the technology platform and hiring more people.
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