Fintech firm Capital Float on Wednesday said it has raised Rs 50 crore in debt for a period of three years from Triodos Microfinance Fund and Triodos Fair Share Fund. The two entities are financial inclusion funds managed by The Netherlands-based Triodos Investment Management (Triodos IM) - a wholly-owned subsidiary of Triodos Bank that manages EUR 5.4 billion in assets under management (AUM). Since January this year, Capital Float has raised over Rs 200 crore in debt. These funds are being strategically deployed towards scaling up growth in credit delivery, as the company has doubled its base over the last eight months to over two million customers, a statement said.
Read more about GST Council meet on Friday; pvt fintech firms set to enter e-invoicing zone on Business Standard. GST Council may green-light entry given disappointing progress
Privacy Regulation, AI, Contactless Payments Among 2021’s Key Themes: Oxygen
Will fintechs disrupt traditional banking in 2021?
With contactless and digital payments now being the norm, Oxygen Banking predicts that neobanks will dominate and traditional financial institutions will look to startups to help compete in this new reality.
Oxygen Banking is a modern financial platform specifically designed to meet the unique needs of freelancers, small businesses, and digital natives. Just this week, they announced research about how COVID has impacted the shopping behaviors of people this holiday season.
Oxygen’s team of experts used their knowledge of the field to forecast the future of the financial services industry for this coming year and beyond.
Investment Banking & Trading Services Market to Reach $520.02 Bn, Globally, by 2027 at 5.8% CAGR: Allied Market Research
investment banking & trading services market.
PORTLAND, Ore., March 16, 2021 /PRNewswire/ Allied Market Research published a report, titled,
Investment Banking & Trading Services Market by Service Type (Equity Underwriting & Debt Underwriting Services, Trading & Related Services, Financial Advisory, AND Others) and Industry Verticals (BFSI, Healthcare, Manufacturing, Energy & Utilities, IT & Telecom, Retail & Consumer Goods, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027. According to the report, the global investment banking & trading services industry was estimated at $267.86 billion in 2019, and is expected to hit $520.02 billion by 2027, registering a CAGR of 5.8% from 2020 to 2027.
Read more about Digital transformation: E-lenders rely on tech, not recovery agents on Business Standard. The moratorium, announced in the wake of the pandemic, has put several digital lenders out of business, say people familiar with the matter