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Indian fintech startup Refyne raises $16m from RTP Global, others


Indian fintech startup Refyne raises $16m from RTP Global, others
Photo by Josh Appel on Unsplash
June 9, 2021
City-based Refyne on Wednesday said it has raised $16 million as a part of its Series A funding round, led by new investors RTP Global and individual partners of DST Global.
Existing investors XYZ Capital, QED Investors, and Jigsaw VC also participated in the round.
The current fundraise comes just six months after the startup raised $4.1 million as a part of its seed funding round in December 2020.
The fresh funds will be used to expand the company’s technology team and scale growth initiatives. ....

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Will India's soaring Covid infections derail its economic rebound?


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The resurgence of Covid-19 infections threatens to derail India’s economic recovery, which prompted the country’s central bank to intervene last week after industry leaders mounted pressure on government to introduce a nationwide lockdown.
There is a sense of urgency in Asia’s third-largest economy to save lives and livelihoods but it remains to be seen if the government and central bank measures will be enough.
“If the second wave persists for longer or if we get hit by an equally intense third wave, then sectors and economic activity can get more affected and that, in turn, could necessitate more supportive policies,” says Anubhuti Sahay, head of South Asia economics research at Standard Chartered. ....

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