payu

Goldman Sachs-backed ZestMoney, once valued at $450M, sold to DMI in fire sale

ZestMoney, the Goldman Sachs-backed Indian fintech startup once valued at $450 million, has sold itself to financial services firm DMI Group, the two said late Wednesday, in a fire sale that caps 12 t

Goldman Sachs-backed ZestMoney, once valued at $450M, to shut down

ZestMoney, a buy now, pay later startup whose ability to underwrite small ticket loans to first-time internet customers attracted many high-profile investors, including Goldman Sachs, is shutting down

Rapyd acquires a piece of PayU from Prosus for $610M to scale its fintech-as-a-service platform

Rapyd, the fintech-as-a-service startup that provides APIs to enable payments, card issuing, digital wallet and other financial services to companies like Uber and Ikea, is taking a significant step f

India lifts ban on PayU’s LazyPay and some other lending apps

India’s IT Ministry has lifted the ban on seven high-profile lending apps, including PayU’s LazyPay, Kissht, KreditBee and Indiabulls’ Home Loans, according to a person familiar with

India blocks PayU’s LazyPay, Kissht and Indiabulls Home Loans in fresh crackdown

Fintech Kissht and PayU’s LazyPay are among the apps that India’s IT Ministry has blocked in the ongoing crackdown as New Delhi moves to curb the misuse of consumers’ data and protec

Prosus cancels $4.7 billion acquisition of India’s BillDesk

Prosus has scrapped the $4.7 billion acquisition of BillDesk it announced last year, once stated to be the European technology giant’s largest, saying “certain conditions” were unful

India approves PayU’s $4.7 billion acquisition of BillDesk

India’s antitrust watchdog has approved PayU’s proposed acquisition of payments gateway BillDesk, the second largest M&A deal in the South Asian market’s consumer internet space,

Temasek in talks to invest in Google-backed DotPe

Google-backed DotPe, which helps businesses in India go online and sell digitally, is in advanced stages of talks to raise about $50 million in a new financing round, a source familiar with the matter

PayU doubles down on LatAm fintech, acquires Ding and leads $46M investment in ‘superapp’ Treinta in Colombia

PayU, the fintech business controlled by Prosus with operations in 50+ countries — it’s been described as the PayPal of emerging markets — announced a double-deal today to expand its

Prosus acquires Indian payments giant BillDesk for $4.7B, will merge with its PayU fintech group

More major consolidation underway in the world of payments: Prosus — the Dutch tech giant that bundles together Naspers’ fintech, e-commerce and other international investments and busines

Google backs one-year-old Indian startup DotPe in $27.5 million fundraise

Google’s latest investment in India is a startup that is helping businesses come online. One-year-old DotPe, a Gurgaon-based startup, said on Friday it has raised $27.5 million in its Series A finan

Months-old Uni raises $18.5 million seed round to expand India’s credit card market

The credit card industry in India appears to be stuck. According to industry estimates, between 30 million to 35 million people in the country today have at least one credit card, with up to 58 millio

Remitly raises $85M at a $1.5B valuation, says money transfer business has surged

Remittances — when people send money internationally to family and friends, or as a payment — has long been one of the most important levers for getting funds to people in developing econo

PayU acquires controlling stake in Indian credit business PaySense, to merge it with LazyPay

PayU is acquiring a controlling stake in fintech startup PaySense at a valuation of $185 million and plans to merge it with its credit business LazyPay as the nation’s largest payments processor agg

Goldman Sachs leads $15M investment in Indian fintech startup ZestMoney

One of America’s largest banks has just poured in some money to help millions of Indians without a credit score secure loans and make purchases online for the first time in their lives. Bangalor

Remitly raises $220M to expand from money transfers to financial services, now at ~$1B valuation

When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues t

PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

PayU, the Naspers-owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based Red D

India’s ZestMoney raises $20M to grow its digital lending service

Fintech is very much still hot in Asia. ZestMoney, a startup that helps consumers with no credit history get loans to buy online, announced today it has raised a $20 million Series B. The round is led

Naspers-owned PayU doubles down on India with $70M deal to buy Wibmo

PayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India. It has acquired Wibmo,

Pi Day wasn’t pleasant for a lot of tech execs

Pi Day is apparently New Job day for tech execs and VCs these days. Leaving: Lee Fixel It’s not every day that one of the top VC investors heads out from their shop. TechCrunch’s @cookie aka Conni
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