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India

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Digital Banking

September 05, 2019

Why We Invested in Yelo (0.5 Bn FinHealth): Empowering Blue-Collar Workers in India

Why We Invested in Yelo (0.5 Bn FinHealth).

Announcement

Yelo raises funding to Launch Financial Services Catered to India's Next Half Billion

Mumbai/Bangalore, 3 September 2019— येLo (pronounced as “Yelo”) has announced seed round funding from Matrix Partners India, Omidyar Network India, and Flourish. Existing investor Better Capital also participated in the round. येLo is a digital only mobile-first neobank focused on serving mass market consumers with a custom-made suite of financial products...

News

[TechCrunch] India's Indifi raises $21M to expand its online lending platform

Indifi, a Gurgaon-based startup that offers loans to small and medium-sized businesses and also operates an online lending marketplace, has raised 1,450 million Indian rupees ($21 million) in a new financing round to expand its business in the country. The Series C round for the four-year-old startup was led by...

News

[Economic Times] Make proposed regulatory sandbox inclusive, fintech experts tell RBI

Today, the fintech industry wants the Reserve Bank of India (RBI) to make the proposed regulatory sandbox more inclusive and provide greater operational clarity for startups using the mechanism to help drive innovation in the payments landscape. Flourish's own Smita Aggarwal discussed the potential benefits of the proposed plan with...

[Forbes India] Toffee's Rohan Kumar: Bicycle thieves: The surprising growth engine for Toffee Insurance

Toffee, an insurtech startup in India providing accessible, digitized insurance policies to its consumers, was featured in Forbes India for one of their highest - and, perhaps most unique - insured products. According to the article, a staggering number of the insurtech startup's products are sold against cycle theft, a rising issue...

[LiveMint] Opinion | How regulatory sandbox can be tailored to the Indian context

Smita Aggarwal, Investments and Policy Advisor at Flourish, recently contributed to LiveMint's Opinion section to share insights on shares how regulatory sandbox provides an opportunity for India to be a role model for having innovation-friendly and inclusion-focused regulation. "The recently announced framework for regulatory sandbox by the Reserve Bank of...

Mint: Fintech touching millions of lives by redefining financial services

On this opinion piece published at Mint, our very own Smita Aggarwal talks about how fintech in India is growing to reach many underserved (yet, economically viable) customers for the better, and changing financial services for millions. "India is witnessing a huge digitization upsurge. Internet and smartphone users are on...

Portfolio

Digital Banking

Portfolio

Insurtech

Portfolio

Digital Banking

Portfolio

Digital Banking