Start-up epiFi develops new online banking platform in India

Tuesday 14 January 2020 | 11:48 CET | News
Sujith Narayanan, a payments executive who co-founded Google Pay in India (formerly known as Google Tez), has announced that his startup epiFi raised USD 13.2 million in its seed financial round led by Sequoia India and Ribbit Capital, TechCrunch reports. epiFi is currently developing a neo-banking platform that will focus on serving millennials in India, said Narayanan. The funding round valued epiFi at about USD 50 million. David Velez, founder of Brazilian neo-banking platform Nubank; Kunal Shah, who is building his second payments startup CRED in India); and VC fund Hillhouse Capital also

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Google / Netflix / PayPal / Ribbit
Countries: India
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


India's Paytm releases new features for businesses

Published 09 Jan 2020 11:46 CET | India
Indian payments company Paytm announced two new features for businesses as the financial services firm looks to expand its reach ...

WhatsApp in talks to launch m-payments in Indonesia - report

Published 20 Aug 2019 12:10 CET | Indonesia
Facebook's messaging service WhatsApp is in talks with multiple Indonesian digital payment firms to provide their mobile ...

Airtel intros prepay bundle with in-built life insurance cover from HDFC Life

Published 13 May 2019 20:33 CET | India
Indian mobile operator Bharti Airtel has partnered with life insurance services provider HDFC Life. Airtel has launched a prepaid ...

BSNL launches m-banking info service with Celltick

Published 06 Dec 2018 09:15 CET | India
Indian state-owned operator BSNL has launched the *99# service on its Buzz platform in partnership with Celltick. BSNL's and ...

SoftBank, Yahoo Japan to launch PayPay QR code m-payment services with Paytm

Published 27 Jul 2018 08:18 CET | Japan
SoftBank and Yahoo Japan established PayPay in June this year and will launch its payments platform in autumn. Paytm reports it ...

Google's Tez tops 140 mln m-payment transactions in India in first 10 weeks

Published 06 Dec 2017 07:29 CET | India
Google has announced that its Indian mobile payments app Tez saw significant growth in the first 10 weeks since the service was ...

Google to launch 'Tez' digital payment service in India - report

Published 14 Sep 2017 11:57 CET | India
Google plans to launch a digital payment service dubbed 'Tez' in India on 18 September. The Tez (meaning 'fast' in Hindi) ...

Calendar   /   Industry Events

01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec ECOC Exhibition
07 Dec SIPNOC 2020
07 Dec Report: Dutch Mobile Operators 2020-Q3
07 Dec Report: Dutch Broadband 2020-Q3
08 Dec WebexOne
::: More Calendar Items