Try Karma Today

Opinion and analysis from a team of private investors for today’s most creative minds in business.

Try Karma Today

Join Karma Premium

Gain exclusive member access to industry briefs, market movements, and in-depth analysis of global economic shifts.

How Fintech Startups Are Fueling Industry Innovation

Key Market Movements


ICICI Bank, India’s largest private sector bank, reached a definitive agreement with ePayLater to acquire a 9.91% stake in the company for $1.27 million on July 25, 2018, putting the bank at a post-money valuation of $12.83 million. ePayLater is the designer of an online payment processing software that offers secure payment services. The investment will allow ICICI to expand its digital lending business.


Plastiq, a developer of a bill payment service platform and a major competitor of Paytm, announced on May 16, 2018 that it raised $27 million in Series B1 and B2 VC funding from Atlas Ventures, Khosla Ventures, and Top Tier Capital Partners. The company has a post-money valuation of $86.83 million.


Paytm E-Commerce, the e-commerce arm of Paytm, announced that it is in the process of raising $446 million in early stage VC funding from SoftBank Group at a pre-money valuation of $1.45 billion.


Freecharge Payment Technologies was acquired by Axis Bank for $60 million on July 27, 2017. Freecharge was previously owned by Indian e-commerce giant Snapdeal.


Freetrade, a London-based competitor to Robinhood in the commission-free investment platform space, raised $4.1 million of angel funding via Crowdcube on May 22, 2018, putting its post-money valuation at $28 million.


Wealthfront, a robo-advisor offering a combination of automated financial planning, investment management, and banking-related services through a mobile application, raised $75 million of Series G venture funding in a deal led by Tiger Global Management on January 4, 2018, putting the company's pre-money valuation at an estimated $425 million.


Acorns, a mobile platform developer that links credit cards and offers automated investing services, received $50 million of development capital from BlackRock on May 9, 2018.


CoinTracker, a cryptocurrency portfolio management platform, raised an undisclosed amount of venture funding from The Rise Fund, Thomas H. Lee Partners, and other undisclosed investors on January 12, 2018.

Join Karma Premium

Gain exclusive member access to industry briefs, market movements, and in-depth analysis of global economic shifts.

Related Content