Chqbook Banks On Ecommerce Discounts Craze To Address Digital Lending Gaps

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Muzmatch, a matchmaking app for Muslims, has just swiped a $7 million Series A on the back of continued momentum.

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Gurugram-based digital lending company Aye Finance has raised INR 55 Cr ($7.99 Mn) in debt funding from DCB Bank through a securitisation deal. The funding will be used to grow its loan book and offer affordable and customised credit solutions to the credit-starved micro and small enterprises in India.

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Cashing in on the fintech craze that has gripped the country A tech-savvy consumer base eager to adopt latest digital payment means has forced merchants to be open to accepting various payment modes.

Early stage VC firm Blume Ventures has recently disclosed investment in four startup in which it has first six months of the year. According to its half yearly report for 2014, Blume has invested in.

Banking is the most safe business in this world with high profit margin. Considering the technological advancements and strict quality guidelines for loans and defaults , the ratio of individual defaults has gone down Banks borrow money at low rates ( around 5-6 %).

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It is an ecommerce portal dedicated to help students in identifying the best coaching institutes and online test series across India. It provides test series for for MBA, Engineering, Medical, CA, CS,

Banks benefit from ecommerce boom as credit card usage increases Average monthly credit card spends have gone up 28.5 per cent to Rs 15,470 crore between April and October 2014 from Rs 12,035 crore a month in 2013-14: RBI Data

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Hyderabad-based product discovery and price comparison platform, Mysmartprice, has recorded more than 106 Mn unique users visiting the site this year. In August 2014, the company had recorded 15 Mn.

The statement also mentioned that the ecommerce biggie processes about “25,000 refunds every day, a majority of which come through the website.” Out of these claims, 60% of the refunds are processed.

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