The name of the JV company would be IIFL-Open Fintech
Owing to rapid digital transformations across the fintech spectrum, neo banks in India are seeing a consistent rise. But is it enough to disrupt the traditional banking model?
Founded by Varun Chopra and Raheel Shah in 2016, Eduvanz aims to disburse INR 400-500 crore in loans over the next 2 years
Vinay Bagri and Virender Bisht, co-founders of Niyo Solutions, are using digital technology and insights to improve customer experience of banking customers across product lines
To a large extent, neo-banks are technology platforms that integrate with traditional banks through open APIs. This makes them inherently scalable, nimble, and flexible, with the ability to innovate on product propositions and business models.
Some fintech start-up founders and company leaders share their thoughts about the trends that they noticed in 2019 and what they expect from the upcoming year.
Razorpay, a fintech company not new in the inner circles of the start-up world, recently announced its first acquisition with Gurgaon-based AI start-up Thirdwatch