Thursday, March 30, 2023
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

India’s CRED eyes investment in Amazon-backed Smallcase – TechCrunch

by Manish Singh
February 19, 2022
in Technology
Reading Time: 2 mins read
A A
0
Home Technology
Share on FacebookShare on Twitter


Indian fintech CRED is in talks to again the Bengaluru-headquartered startup Smallcase, three sources conversant in the matter mentioned, because the Tiger World and Alpha Wave World-backed agency seems to be to increase its wealth choices to clients.

CRED’s proposed funding in Smallcase values the startup within the vary of $300 million to $400 million, one supply mentioned. The scale of the funding is unclear and sources requested anonymity because the deliberations are ongoing, at an early stage and personal.

CRED declined to remark. A founding father of Smallcase didn’t instantly reply to a request for remark.

Smallcase operates a platform to assist a brand new technology of traders take part within the Indian fairness markets.

The startup serves over 3 million customers and connects them to an in-house workforce of licensed professionals who provide greater than 100 portfolios of shares and exchange-traded funds in addition to entry to unbiased funding managers, brokerages and wealth platforms.

Smallcase, which counts Amazon, Sequoia Capital India, Blume Ventures and Arkam Ventures amongst its current traders, works with various inventory dealer companies together with Kite and Upstox.

An funding in Smallcase will permit CRED to broaden its wealth administration providing. The startup, based by Kunal Shah, has three marquee choices. It rewards customers for paying their bank card invoice on time to assist them enhance their monetary conduct. It additionally helps them pay and monitor their lease, schooling and several other different payments.

Its third providing is wealth administration. Final 12 months, CRED launched a peer-to-peer lending service referred to as Mint, that gives its clients inflation-beating funding alternative.

If the deal materializes, it is going to be the most recent of a collection of investments by CRED in current quarters. The startup, valued at $4 billion in its most up-to-date financing spherical, final 12 months backed business-to-business debt startup CredAvenue, and purchased Happay, which operates a company expense administration platform.



Source link

Tags: AmazonbackedCREDeyesIndiasInvestmentSmallcaseTechCrunch
Previous Post

Russia-Ukraine Tensions Wipe $160 Billion Off Crypto Markets; Stablecoin Demand Rises

Next Post

Row about Congolese statue loan escalates into legal battle over NFTs | Art and design

Related Posts

E3 2023 is on the ropes as more publishers pull out

by [email protected] (Cat Bussell)
March 30, 2023
0

In another difficult turn of events for the Electronic Entertainment Expo (E3), celebrated publishers Devolver Digital and Sega, as well...

Tech leaders call for development pause for GPT-4.5, GPT-5

by Alex Blake
March 29, 2023
0

Generative AI has been moving at an unbelievable speed in recent months, with the launch of various tools and bots...

Realme GT Neo 5 SE Confirmed to Get 5,500mAh Battery, 100W Fast Charging; Launch Set for April 3: Details

by Euro Times
March 30, 2023
0

Realme has confirmed to launch of Realme GT Neo 5 SE with 100W fast charging and a 5,500 mAh battery....

Ride Everywhere This Spring With 60% Off New E-Bikes and Scooters at Woot

by Adrian Marlow
March 29, 2023
0

Spring is here at last, and with the weather starting to warm, many of us are itching to get some...

Get a special discount on more than 100 hours of CompTIA certification training

by Euro Times
March 29, 2023
0

For many people, being tech-savvy or invested in cybersecurity means simply having a password manager. You probably know that isn’t exactly...

The best Samsung Galaxy Tab deals of March 2023

by Matt Horne
March 29, 2023
0

Eric Zeman / Android AuthorityThe iPad may be the most popular tablet overall, but that doesn’t make it the most...

Next Post

Row about Congolese statue loan escalates into legal battle over NFTs | Art and design

The Best Career Moves for an Aspiring Real Estate Investor

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Wall St opens higher as bank fears fade, focus on inflation data By Reuters

March 30, 2023

Terra Luna Classic Network Upgrade; Joint L1 Task Force Q2 Plan

March 30, 2023

Constellation Brands taps Tastemade to help draw new customers

March 30, 2023

Police shooting of Black man referred to UK prosecutors

March 30, 2023

Policymakers struggle to rein in sticky core inflation

March 30, 2023

Marketmind-World markets leaving March like a lamb By Reuters

March 30, 2023
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Wall St opens higher as bank fears fade, focus on inflation data By Reuters

Terra Luna Classic Network Upgrade; Joint L1 Task Force Q2 Plan

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In