payu
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
Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies
Jake Bright Contributor Share on Twitter Jake Bright is a writer, author and advisor with a focus on global business, politics, and technology. From 2017 to 2020, he was a contributing writer and advi
Naspers announces $300 million initiative to support startups and tech in South Africa
Naspers announced a $100 million Naspers Foundry fund to support South African tech startups. This is part of a $300 million (1.4 billion rand) commitment by the South African media and investment co
Xiaomi backs Indian consumer lending startup ZestMoney in $13.4M deal
Xiaomi has continued its investment in India after it led a $13.4 million round for fintech startup ZestMoney. The newly-public Chinese firm previously said it would invest up to $1 billion in India