All about embedded finance startups
Embedded finance is not a new concept, and has been in existence for the past many years. Look around, and all the Big Techs are in finance now.
Whether it’s an Apple credit card or an offering from Google, Facebook, or Amazon, all the big tech companies have now supplemented their software and hardware offerings with extensive financial arms.
However, the momentum of embedded finance among digital platforms has only now started to gain traction as they look to offer services beyond just wallets. By offering financial services, they can subtly lock in their users and bring them deeper into their respective ecosystems, besides adding new income streams.
Today, companies across industries like insurance, grocery, logistics, manufacturing, and ecommerce are looking to launch their customised embedded financial services or maybe add a new business vertical altogether. Read more.
Editor’s Pick: Network the right way!
“Entrepreneurship is all about creating opportunities where none exist. Networking allows an entrepreneur to explore the uncharted path,” says Vineet Toshniwal, Founder and CEO, .
If one were to list down the essential skills a successful entrepreneur must possess, networking would definitely make it to the top five. Read more.
Amidst the COVID-19 outbreak as consumers and providers sought ways to safely access and deliver healthcare, telehealth or digital health consultation saw massive traction.
To deliver consumer-centric and affordable telehealth consultations, investor-turned-entrepreneur Revant Bhate and Dhyanesh Shah launched digital healthcare and wellness startup Read more. in 2020. The Mumbai-based startup runs two digital health platforms – Man Matters and Be Bodywise.
- Crypto exchange CoinDCX announced the launch of CoinDCX Ventures – an investment initiative funding early-stage crypto and blockchain startups. The rough size of the initial fund is Rs 100 crore, deployed over 12 months, and sourced purely from its own balance sheet.
- “a set of measures to strengthen internal processes and controls.” It has also "initiated necessary action against the former Founder to claw back his restricted shares as per the shareholders’ agreement." embroiled in a boardroom battle with Co-founder and former MD Ashneer Grover for the past few months, has announced
- Union Minister of Civil Aviation Jyotiraditya Scindia, along with NITI Aayog CEO Amitabh Kant, launched an experience studio on drones to create a collaborative ecosystem that will foster innovation and the adoption of drones for public services at NITI Aayog.
- Tinder’s parent company, Match Group, is suing Google over the company's Play Store policy, wherein it is liable to pay up to 30 percent of sales made via its app listed on Google's app store. Match calls this a "last resort" action to prevent being removed from the storefront.
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