Taxonomy

India

Flourish Focus: YAP (Mumbai)

[Flourish Focus] A One-on-One with Muthukumar R, Co-Founder & CEO, M2P

M2P Fintech (formerly YAP) is part of the burgeoning fintech market category of embedded finance. Its modular API platform allows SMEs in India to connect and roll out their own branded financial offering through its end-to-end service. M2P’s technology allows digital platforms, fintech platforms and offline businesses to connect with...

Portfolio

Infrastructure

Coins stacked

Flourish, Omidyar co-lead Series B funding in payments infrastructure platform M2P Fintech

Originally posted on VC Circle By Binu Paul Chennai headquartered M2p Solutions, which owns payments infrastructure platform M2P Fintech (formerly YAP), has raised $10 million (about Rs 73.2 crore) in a Series B round of funding co-led by Flourish Ventures and Omidyar Network India. Flourish VC is a fintech-focused venture...

Why We Invested in M2P Fintech: This API infrastructure drives financial inclusion

by Anuradha Ramachandran and Harsh Gupta The financial ecosystem in India is being rapidly disrupted by technology. Large and specialized fintech players are active in…

[CNBC] Most Indian gig workers faced hardship during the pandemic, expert says

Among the Indian gig workers surveyed, those that were able to receive some form of government aid were “far more likely” to be hopeful for the future compared to those who did not, says Tilman Ehrbeck, managing partner at Flourish Ventures. Watch:

The Digital Hustle: Gig Worker Financial Lives Under Pressure, India Spotlight 2020

RESEARCH The Digital Hustle: Gig Worker Financial Lives Under Pressure, India Spotlight 2020 With each study in our ongoing series The Digital Hustle: Gig Worker Financial Lives Under Pressure, we aim to better understand the economic impact of COVID-19 on gig workers, further helping fintech entrepreneurs serve the most vulnerable consumers...

[The Times of India] India offers exciting blueprint for other emerging markets

Originally posted on Times of India Omidyar Network, the family investment office of eBay founder Pierre Omidyar, spun off its financial inclusion investment arm, Flourish Ventures, last year with capital of about $300 million. Flourish focuses on consumer & SME lending, challenger banks, personal finance, insurtech, and some other areas....

[TechCircle] Tilman Ehrbeck on why India is a key market for Omidyar Network-backed Flourish Ventures

In an interview with TechCircle, Managing Partner Tilman Ehrbeck shares insights from our rapidly expanding portfolio in the Indian fintech market. Tilman explains in the interview how our investment team is using the Fair Finance Principles to inform strategy and improve the financial system for more and different users. Read...

[Livemint] Flourish Ventures may fund Indian firms in embedded finance, neo-banks this year

Managing Partner Tilman Ehrbeck sat down with Livemint to discuss our growing focus on fintech investments in India. In 2019, Flourish invested in two new start-ups (neobank Yelo and Shubhloans, a digital lending startup) in India and made follow-on investments in fintech startups ZestMoney, Indifi, Kaleidofin, and also in Toffee,...

[YourStory] Indian FinTech Kaleidofin raises 360 million rupees ($5.1 million) in Series A round

Kaleidofin Private Limited, India’s first neobank for the informal sector customer, has closed an INR 360 million Series A round. In discussing Flourish’s renewed support, investment director Anuradha Ramachandran stated, “We are excited to continue to support Kaleidofin on their journey to helping Indians build economic resiliency and achieve financial...

Portfolio

Digital Banking

[The Times of India] Toffee Insurance raises $5.5 million in Series A

Learn more about the new round of funding announced by our insurtech portfolio company Toffee. Using AI and machine learning, Toffee is helping people in India to build safety-nets and manage risk through bite-size insurance policies. The Times of India has more on our follow-on investment and plans ahead for...