InstaReM gets RBI approval to offer outbound remittance services from India

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InstaReM, a Singapore-headquartered FinTech start-up offering convenient, fast and cost-effective cross-border money transfers to individuals and businesses, has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM plans to start its outbound money transfer services from India by November 2017 in partnership with a leading AD-I (Authorized Dealer – Category I) bank, per RBI’s governing conditions for the partnership.

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Fintech India: CASHe

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Fintech Asia features CASHe, a B2C lending startup in India. V. Raman Kumar, Chairman of Aeries Financial Technology Pvt. Ltd which operates the technology platform CASHe, shares in depth his thoughts on fintech, alternative lending and more…

This feature is part of the Fintech India series.

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Fintech India: Loan Frame

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Founded in August 2015, Loan Frame is a fintech SME lending marketplace focused on solving the financing problem for millions of small and medium enterprises (SMEs) in India. Loan Frame enables SME lending through partner lenders, by providing them the technology to efficiently originate and assess small business borrowers.

Fintech Asia features Loan Frame a B2B lending startup in India. Shailesh Jacob, Founder & CEO of the company, shares his thoughts on fintech and entrepreneurship.

This feature is part of the Fintech India series.

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Opinion: India runs on two wheels

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Jonathan Bill, originally from United Kingdom, has been in India for seven years now. He is completely absorbed in a fintech company he manages which caters to the two-wheeler market in India. Though they say India is a wild ride, Jon seems to quite a lot figured out. He shares his thoughts on the industry and market with Fintech Asia…

The two-wheeler is, in many cases a productivity asset for owners in India. Directly in the form of delivery jobs or indirectly in providing the means to get to and from work or cover more ground for self-employed small businesses.

Whilst around 60% of new bike sales are funded through borrowing both FinTech and traditional lenders have stayed away from the segment until recently.

FinTech start-ups have been focused on online distribution and catering to more sophisticated and online addressable borrowers or lending to businesses.

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Fintech India: ZestMoney

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ZestMoney leverages technology and data science to provide credit to those consumers in India who are ‘new to credit’… which is to say those who are difficult to assess for lack of existing credit history. We learn more about this fintech company from Lizzie Chapman, one of our Top Fintech Influencers.

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Fintech India: Rubique

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Fintech Asia’s interaction with Manav Jeet, Managing Director & CEO of Rubique, as part of the Fintech India series. We learn how Manav got started with Rubique, his thoughts on fintech in India and globally, and how the lending space works better with the right treatment of data before putting it to use.

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