India’s ZestMoney raises $20M to grow its digital lending service

Fintech is very much still hot in Asia. ZestMoney, a startup that helps consumers with no credit history get loans to buy online, announced today it has raised a $20 million Series B. The round is led by Quona Capital, a stealthy Washington-based fund that invests in emerging market fintech and has an office in […]

India’s Cashfree raises $5.5M from Korea’s Smilegate, Y Combinator and others

Cashfree, an India-based startup that specializes in making corporate banking services more accessible and easier to use, has closed a $5.5 million Series A round. The deal is led by Korea’s Smilegate Investment with participation from Y Combinator, the U.S. accelerator program that Cashfree graduated from in 2017. The startup previously raised an undisclosed seed […]

Samsung’s upcoming Q1 earnings are going to be ugly

It’s that time again folks, Samsung has reported guidance for its upcoming Q1 quarter — and things don’t look good. Samsung is forecasting that revenue for the quarter will reach 51-53 trillion KRW ($44.87-$46.63 billion), which would represent a drop of around 15 percent on one year previous. The Korean tech giant reported a record […]

Reliance Jio’s latest acquisition is a $100M bet on the future of internet users in India

Reliance Jio, the telecom operator that has revolutionized India with its generous data plans, has its eye on the next generation of internet users with its latest acquisition. The company said today that it has bought a majority stake in Haptik, a startup that develops ‘conversational’ platforms and virtual assistants, in a deal worth $100 […]