AFFIN Group’s Post

𝐊𝐢𝐰𝐢’𝐬 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐂𝐫𝐞𝐝𝐢𝐭 𝐂𝐚𝐫𝐝 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐑𝐚𝐢𝐬𝐞𝐬 $𝟏𝟑𝐌   Kiwi, a virtual credit card network, raised $13 million in a Series A funding round led by Omidyar Network, with Nexus and Stellaris also participating. Siddharth Mehta, Mohit Bedi and Anup Agrawal launched the business in 2022. It allows businesses and consumers to make online purchases without a physical credit card by providing virtual credit cards. Kiwi's platform combines security and usability with features like two-factor authentication and real-time fraud detection. With the aid of the financing, the company hopes to expand its operations and create new products and services. Investors and industry professionals have already expressed great interest in Kiwi's novel approach to virtual credit cards. The company received a spot in Forbes' list of "Top 10 Fintech Startups to Watch in 2023." After the completion of this most recent funding round, Kiwi is well-positioned to continue growing and become a major participant in the virtual credit card market. Kiwi's virtual credit card platform offers a safe and easy way to make online purchases, so it's worth taking a look. Kiwi can change online purchasing because of its user-friendly interface and cutting-edge security features. . . . #news #investment #funding #creditcard #virtual #innovation #india #startups #growth #success #entrepreneurship #entrepreneurs #products #features

In my 20 years at the Bank, I have been a proud witness of it being a well-oiled #talentfactory that delivers custom-made business #leadersatscale, especially in the #BFSI space. Recently, when I started engaging deeply in the startup space, I stumbled upon the #ICICIFoundersFactory, when I realised that many of our #ICICIalumni are in the startup founder community too - in ventures spread across multiple sectors. Amazing that the institution which was founded to spur industrial credit in the country has contributed to so many #techentrepreneurs from its employees. It’s indeed reflective of the institution’s #dynamism and its phenomenal scale and scope, as it closely tracks the #Indiagrowthopportunity, picking up evolving trends and capacitising itself to serve the growing banking and financial services needs of its constituents, through a #culture of #earlyempowerment, #focussedexecution and #deepcustomerfocus. We, at the #startupecosystem team at the Bank are inspired by the journey of our alumni and the impact they are creating through their initiatives. We are excited to be the #BankingFriendsForever for startups - serving their banking needs and providing a platform for engagement and partnerships as they fashion their ventures from #seedtoinfinity - learning, co-creating and growing together! Write to us startupecosystem@icicibank.com to know more. #innovation #leadership #startupfounders #partnerships #istartuptech #paypalmafia #flipkartmafia 

New Episode drops tomorrow with Feargal Brady from NoFrixion a game-changing payments platform Apart from Feargals impressive background and experience in the industry, we disucss NoFriction's success and their recent recognition in the fintech sector. The critical problem they aim to solve & their innovative approach to combining core business applications and current accounts. The frustrations businesses face with traditional banking systems. NoFriction's The importance of internationalization for startups. Feargal's advice for aspiring entrepreneurs. No Friction's growth plans and vision for the future. #DublinTechTalk #TechTalk #Fintech #Payments #Entrepreneurship #Innovation

Navigating the fintech startup landscape comes with its unique set of challenges. From the tough climb for startup fintechs highlighted by Anthony Malakian (https://lnkd.in/ekhCZTzp) to the stark reminder of the need for better banking for smaller businesses a year after SVB's collapse as discussed by Rana Yared (https://on.ft.com/436Acr2), it's evident that our journeys as FinTech founders are anything but straightforward. Yet, these challenges underscore the importance of resilience, innovation, and the need for a banking system that supports the growth of fintech startups .

Reflecting on the journey of building payment and lending products in emerging markets with my fintech startup. Remember, it's essential to pursue ideas you're truly passionate about, not just what seems to be working. Even if the path is challenging, the lessons learned and the passion invested make it all worthwhile. #Entrepreneurship #FintechJourney

Condukt’s website currently describes the project as “just another KYB provider”. KYB (or know your business) is the process of verifying the identity of a company, its ownership structure and its business activities to ensure compliance and anti-money laundering (AML) processes before onboarding them as a customer. It’s a nascent but growing sector in Europe. Several digital KYB providers have popped up recently in response to mounting regulatory scrutiny on financial companies and fintechs, including Berlin’s TransactionLink and Stockholm-HQ’d Bits Technology. Both raised seed funding in the last year to build no-code tools so that companies can quickly run KYB processes to onboard prospective business clients in a compliant way. #Revolut #alumni #knowyourbusiness #KYB #fintech

We are thrilled to introduce Mr. Bulent Tekmen, a prominent serial entrepreneur at the forefront of reshaping the financial landscape. Renowned for his successful e-money venture, ininal.com, serving over 5 million accounts and 2 million active digital wallet users monthly, Bulent is a true industry leader. His commitment to digitalization shines through his focus on transforming banking and micro-credit sectors. Bulent's exceptional vision gave rise to Colendi, a groundbreaking solution poised to revolutionize the industry. Beyond entrepreneurship, Bulent is an active investor and advocate for early-stage FinTech startups through NextVentures. His remarkable journey has garnered accolades, including the title of Internet Entrepreneur of the Year in Turkey and recognition in the esteemed EY Entrepreneur Of The Year program. With a background in Financial Technology Consultancy and Software Development, Bulent holds a B.S. degree in Industrial Engineering and has enriched his expertise through studies at Harvard Business School. Join us in engaging with this influential speaker, whose insights and innovation are shaping the future of FinTech. Visit www.gccfmt.com to learn more. #5GCCFMT #GCCFMTConference #Turkey #istanbul #FinancialMarketsConference #UAEFMA #NetworkingOpportunity #MarketInsights #FinancialClimate #IndustryProfessionals #KnowledgeExchange #MarketMakers #FinancialInstitutes #CommunicationChannels #GlobalFinance #RegionalFinance #ProfessionalDevelopment #FinancialNetworking

A fresh take on banking across international borders for businesses 🌍 In an era where global business is the norm, Loop breaking down financial barriers for companies. I talk with Cato Pastoll, CEO of Loop Financial, who shares his journey from observing his family's business struggles to creating a platform that tackles the inefficiencies of traditional banking.🏦 With a focus on reducing friction and costs associated with international payments, Loop is not just another banking platform; it's a solution designed to help businesses expand globally with ease. 🏙️ LINK IN COMMENTS BELOW 👇 #StartupJourney #FounderStories #StartupGrowth #Entrepreneurship #PitchPleasePodcast #Canadian #Startups #BusinessBanking #GlobalFinance #CrossBorderPayments #FinancialInnovation #Fintech #BankingTechnology

Shares of YES Bank are gaining attention following a clarification issued by the lender, stating that its collaboration with the startup LeRemitt is still in its early stages. On Thursday morning, YES Bank Ltd shares will be in focus following the bank's statement regarding its collaboration with a startup, which was reported by the media. The bank clarified that this partnership with LeRemitt, a fintech startup, is still in its early stages and has no significant impact on the bank's business volumes or revenues. The bank emphasized that such collaborations are part of its regular business activities to provide digital solutions to its MSME customers. The clarification came in response to a query from the BSE regarding the media reports. YES Bank shares closed at Rs 29.83 on Wednesday, marking a 17.35% increase on the BSE. Prabhudas Lilladher, a brokerage firm, commented on the recent performance of YES Bank's stock, noting a rally from Rs 16 levels with a pattern of higher lows on the daily chart. The stock saw a peak near Rs 26.25 and then experienced a cooling-off period. Currently, it has found support near the significant 50EMA level around Rs 22.60 and has broken out above the previous peak. The brokerage expects the stock to reach initial targets of Rs 32 and, with sustained strength, potentially achieve further targets of Rs 35 and Rs 44. The brokerage also mentioned that near-term support for the stock would likely be maintained around the Rs 22.60 level. Additionally, YES Bank recently received communication from the Reserve Bank of India (RBI) regarding HDFC Bank Limited's approval to acquire up to 9.50% of YES Bank's paid-up share capital or voting rights. The RBI stipulated a one-year timeline for HDFC Bank to acquire a major shareholding, after which the approval would be nullified. #goals#inspirational#inspire#quoteoftheday#positivevibes#life#believe#entrepreneur #happiness#selflove #lifestyle #quote#successquotes#yourself#bhfyp #loveyourself #instadaily #photooftheday#instagood #thoughts #startup #startupindia #startupnews #startupindianews #startiyapa # https://lnkd.in/dwNyxKhc