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Bengaluru’s Digital Payments Fintech Cashfree Receives Strategic Investment from State Bank of India

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The State Bank of India (SBI) (NSE:SBIN), a multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra, reports that it has made a strategic investment in Paypal-incubated digital payments Fintech Cashfree.

Launched in 2015, the Bengaluru-headquartered Fintech firm handles more than $20 billion in payment volumes yearly for over 100,000 merchant clients, which includes iCred, BigBasket, Zomato, HDFC Ergo, Ixigo, Acko, Zoomcar, and Delhivery.

Cashfree has been able to expand operations because of its bulk disbursal solution, called Payouts. The platform assists businesses with transferring funds instantly to bank accounts, cards, UPI, and wallets with a seamless integration.

In addition to serving India’s markets, Cashfree’s products are reportedly being used in eight other nations including the United Arab Emirates (UAE), Canada, and the US.

SBI’s latest investment in Cashfree has come after the company closed a $35.5 million Series B round in November 2020.

Akash Sinha, co-founder & CEO, Cashfree, stated:

“The investment from India’s largest bank shows its trust in Cashfree’s innovation and the way we are rapidly scaling up the payments business. This also underscores Cashfree’s role towards building a payments ecosystem that enables the fastest and easiest way to collect payments and make payouts for growing businesses. The investment fits perfectly with our growth strategy as we continue to focus on customer experience and product innovation.”

As covered in February of last year, Cashfree, a business payments platform, had teamed up with HDFC Bank, Kotak Bank and IndusInd Bank in order to enhance its bulk disbursal platform, Payouts.

As previously reported, Payouts is an API-based banking platform that automates how funds are transferred (in bulk) to any firm’s bank account. All transactions made via the platform are settled instantly, in real-time, and can be completed 24×7 (including bank holidays).

Sinha has noted (last year):

“Through our strategic partnerships with India leading banks, we continue to strengthen our platform and enable businesses to manage and automate bulk payments. By fortifying our network of banks, Cashfree’s disbursals in the form of refunds, vendor payments and more will become faster and easier than ever.”

Sinha confirmed in early 2020 that there has been a significant increase in online payments in India. He pointed out that in the past five years, the company has witnessed the rise of innovative Internet-based businesses that are expanding rapidly and “changing the lives of their consumers.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176334-bengalurus-digital-payments-fintech-cashfree-receives-strategic-investment-from-state-bank-of-india/

Crowdfunding

Crowdfunding: what it is and what it is used for

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Crowdfunding is a method by which you can raise funds through those who want to access the project through investment.

Each project has its investment end date and the amount to be collected. If you do not know the answers to the questions: what is crowdfunding for need? And how to get to crowdfunding? This review may be helpful for you. Also, you can try your hand at our website https://22bet.co.tz/live/

Crowdfunding can be used for various purposes by both companies and individuals. Its application you can use for:

  • launching a startup;
  • charity project;
  • collection of funds for training, etc.

                           Benefits of opening a crowdfunding platform

Suppose we are talking about investing in a business or a startup. In that case, one of the advantages of crowdfunding is that by contributing their money to the project, investors can make a profit if the project becomes successful. Next, we’ll take a look at how crowdfunding works.

By investing in a business using a crowdfunding platform, you buy shares in the project. If a company is thriving, then its stock may rise in value. Thus, you can potentially increase your investment in the event of a successful business project.

Let’s give an example. You have decided to invest in a startup where one share is valued at 10 $. By taking ten shares, you give away 100 $. In the event of a positive development of events, the company can succeed. For example, after a while, the value of the shares increased 10 times due to the success of the project. In this case, 10 shares are no longer worth 100 $, but 1000 $. In other words, funding a project through crowdfunding can increase investment.

                   Cons of crowdfunding sites

Among the disadvantages are investment risks. Since you are investing your money in a project, you cannot predict success. You cannot know for sure whether it will succeed or not.

The second point worth paying attention to is the rules of the site (crowdfunding platform) on which you want to display your project. Some areas strictly adhere to the “all-or-nothing” policy. It means that if you set a goal to collect 10,000 $ within a certain period and did not invest in its framework, collecting only 9,000 $, according to this policy, there is a possibility that you will not receive this amount. After all, the conditions of the collection have not been met.

It is recommended that you carefully study the rules of crowdfunding before raising money through crowdfunding.

                            Types of crowdfunding

Crowdfunding can be roughly divided into two categories:

  • They are making an investment based on donations, where participants fund a new project. The main purpose of registering to crowdfund based on donations is implementing a project, product, product, or service at the expense of investors. A typical example is a charity project.
  • Investment crowdfunding. In this form of investment, companies sell their shares to investors. In this way, they become shareholders and can make a profit if the business is successful.

 

The types of crowdfunding are as follows:

  • Equity Crowdfunding

They are used by companies when they raise funds through the sale of a stake in their project.

  • Debt-based Crowdfunding

This type of project financing is characterized by the fact that investors receive their money with interest for some time. This structure resembles peer-to-peer lending. This type is also called “debt crowdfunding.”

  • Reward Crowdfunding

Participants of such a crowdfunding platform can receive valuable prizes or gifts for their monetary contributions.

Before opening a crowdfunding platform, you must register a legal entity and obtain the appropriate permission to conduct such activities.

Jurisdictions have their unique requirements for those looking to launch a crowdfunding platform. The most popular solutions might be:

  • registration of a crowdfunding platform in Asia;
  • registration of a crowdfunding platform in Australia;
  • registration of a crowdfunding platform in Europe;
  • registration of a crowdfunding platform in the USA.

                                          

                                              Conclusion

Usually, with the help of crowdfunding, funds are collected for specific goals and projects. If you don’t know how to raise money for a startup – opening a crowdfunding platform may be the key to solving this issue. Specialists can advise you in more detail on this issue.

 

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Crowdfunding

EstateGuru Board Member Gabriella Kindert Shares Why She Became Interested in Debt Markets

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Gabriella Kindert, who is considered an expert in private debt markets and has reportedly managed billions (currently serving as a Board member at EstateGuru), says that she encourages investors to check out different lending platforms. In a recent interview, Kindert talked about  how they should scale business operations while addressing the risks associated with ongoing growth and development.

Responding to a question about how she became interested in private debt markets, Kindert said:

“Private debt is a modern term but loaning money to companies is a very old practice, of course. … the questions you need to ask yourself to make an informed credit decision are still the same as they were centuries ago. Is the company on a solid footing and is it going to prosper despite the competition? How are governmental and regulatory decisions going to affect its fate? … Credit is not just a science, it’s an art.”

While commenting on where her interest in online lending platforms came from, Kindert revealed that she had spent a good part of her career in banking and asset management, and “at one point [she] became interested in the topic of digital transformation.”

She adds:

“I wanted to know more about it but at that point, I needed a way to force myself to really dive into the topic. When you’re 20 years old, everybody expects you to be studying, but at 40, you’re expected to work. So I decided to combine and pursue a PhD in conjunction with my job and wrote a thesis about lending platforms and how to scale them. A PhD created the framework to push me further and further and an end goal to get it done.”

In response to a question about the rise of lending platforms and how they’ve managed to evolve, Kindert said that there are two key drivers behind their growth.

She noted:

“First, since the global financial crisis, banks have tightened their lending standards which means that more and more small businesses are underserved. Second, the digital transformation has allowed these new entrants to service these left-behind clients in a much more efficient way. What I mean by this is that their digital processes like client onboarding, credit scoring and payment processing are faster and less costly than the paper-based banking system.”

Recently, an additional factor that drove the platform’s growth has appeared, “namely that fixed-income investors do not have attractive alternatives,” Kindert added.

While commenting on how every platform should balance growth, Kindert said that you should show “on a small scale that you’re worth it.” She explained that “building trust is extremely important because what you need is borrowers and lenders that come to your platform repeatedly.”

She continued:

“Lenders usually will start with small amounts first, and if they’re happy, they will not only come back and increase their stakes, they will talk to their acquaintances about it. Word of mouth is a powerful sales channel. … every time someone receives their bank statement and sees that they receive no interest or pay negative rates, this is an additional incentive to search for ways to make your money work. … borrowers that are happy with a platform will talk to their peers as well about the modern way to finance their business.”

She also mentioned that platforms have a “strong vested interest to assure that the borrowers conform to a certain quality and that there are checks and balances in place to avoid a downward spiral.” She clarified that this does not mean that “there won’t be defaults.” She pointed out that you do not “get 10% interest by lending to Shell or Nestlé.” She believes that what’s important “in the end, is the average return of a diversified portfolio.”

You may check out the full interview here.

As covered last month, EstateGuru reported over €14 million in financing volume in April 2021, with the German market becoming the main contributor of new projects.

EstateGuru had also managed to raise €1.4 million in just days on Seedrs last month.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176682-estateguru-board-member-gabriella-kindert-shares-why-she-became-interested-in-debt-markets/

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Crowdfunding

EstateGuru Board Member Gabriella Kindert Shares Why She Became Interested in Debt Markets

Published

on

Gabriella Kindert, who is considered an expert in private debt markets and has reportedly managed billions (currently serving as a Board member at EstateGuru), says that she encourages investors to check out different lending platforms. In a recent interview, Kindert talked about  how they should scale business operations while addressing the risks associated with ongoing growth and development.

Responding to a question about how she became interested in private debt markets, Kindert said:

“Private debt is a modern term but loaning money to companies is a very old practice, of course. … the questions you need to ask yourself to make an informed credit decision are still the same as they were centuries ago. Is the company on a solid footing and is it going to prosper despite the competition? How are governmental and regulatory decisions going to affect its fate? … Credit is not just a science, it’s an art.”

While commenting on where her interest in online lending platforms came from, Kindert revealed that she had spent a good part of her career in banking and asset management, and “at one point [she] became interested in the topic of digital transformation.”

She adds:

“I wanted to know more about it but at that point, I needed a way to force myself to really dive into the topic. When you’re 20 years old, everybody expects you to be studying, but at 40, you’re expected to work. So I decided to combine and pursue a PhD in conjunction with my job and wrote a thesis about lending platforms and how to scale them. A PhD created the framework to push me further and further and an end goal to get it done.”

In response to a question about the rise of lending platforms and how they’ve managed to evolve, Kindert said that there are two key drivers behind their growth.

She noted:

“First, since the global financial crisis, banks have tightened their lending standards which means that more and more small businesses are underserved. Second, the digital transformation has allowed these new entrants to service these left-behind clients in a much more efficient way. What I mean by this is that their digital processes like client onboarding, credit scoring and payment processing are faster and less costly than the paper-based banking system.”

Recently, an additional factor that drove the platform’s growth has appeared, “namely that fixed-income investors do not have attractive alternatives,” Kindert added.

While commenting on how every platform should balance growth, Kindert said that you should show “on a small scale that you’re worth it.” She explained that “building trust is extremely important because what you need is borrowers and lenders that come to your platform repeatedly.”

She continued:

“Lenders usually will start with small amounts first, and if they’re happy, they will not only come back and increase their stakes, they will talk to their acquaintances about it. Word of mouth is a powerful sales channel. … every time someone receives their bank statement and sees that they receive no interest or pay negative rates, this is an additional incentive to search for ways to make your money work. … borrowers that are happy with a platform will talk to their peers as well about the modern way to finance their business.”

She also mentioned that platforms have a “strong vested interest to assure that the borrowers conform to a certain quality and that there are checks and balances in place to avoid a downward spiral.” She clarified that this does not mean that “there won’t be defaults.” She pointed out that you do not “get 10% interest by lending to Shell or Nestlé.” She believes that what’s important “in the end, is the average return of a diversified portfolio.”

You may check out the full interview here.

As covered last month, EstateGuru reported over €14 million in financing volume in April 2021, with the German market becoming the main contributor of new projects.

EstateGuru had also managed to raise €1.4 million in just days on Seedrs last month.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176682-estateguru-board-member-gabriella-kindert-shares-why-she-became-interested-in-debt-markets/

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Crowdfunding

EstateGuru Board Member Gabriella Kindert Shares Why She Became Interested in Debt Markets

Published

on

Gabriella Kindert, who is considered an expert in private debt markets and has reportedly managed billions (currently serving as a Board member at EstateGuru), says that she encourages investors to check out different lending platforms. In a recent interview, Kindert talked about  how they should scale business operations while addressing the risks associated with ongoing growth and development.

Responding to a question about how she became interested in private debt markets, Kindert said:

“Private debt is a modern term but loaning money to companies is a very old practice, of course. … the questions you need to ask yourself to make an informed credit decision are still the same as they were centuries ago. Is the company on a solid footing and is it going to prosper despite the competition? How are governmental and regulatory decisions going to affect its fate? … Credit is not just a science, it’s an art.”

While commenting on where her interest in online lending platforms came from, Kindert revealed that she had spent a good part of her career in banking and asset management, and “at one point [she] became interested in the topic of digital transformation.”

She adds:

“I wanted to know more about it but at that point, I needed a way to force myself to really dive into the topic. When you’re 20 years old, everybody expects you to be studying, but at 40, you’re expected to work. So I decided to combine and pursue a PhD in conjunction with my job and wrote a thesis about lending platforms and how to scale them. A PhD created the framework to push me further and further and an end goal to get it done.”

In response to a question about the rise of lending platforms and how they’ve managed to evolve, Kindert said that there are two key drivers behind their growth.

She noted:

“First, since the global financial crisis, banks have tightened their lending standards which means that more and more small businesses are underserved. Second, the digital transformation has allowed these new entrants to service these left-behind clients in a much more efficient way. What I mean by this is that their digital processes like client onboarding, credit scoring and payment processing are faster and less costly than the paper-based banking system.”

Recently, an additional factor that drove the platform’s growth has appeared, “namely that fixed-income investors do not have attractive alternatives,” Kindert added.

While commenting on how every platform should balance growth, Kindert said that you should show “on a small scale that you’re worth it.” She explained that “building trust is extremely important because what you need is borrowers and lenders that come to your platform repeatedly.”

She continued:

“Lenders usually will start with small amounts first, and if they’re happy, they will not only come back and increase their stakes, they will talk to their acquaintances about it. Word of mouth is a powerful sales channel. … every time someone receives their bank statement and sees that they receive no interest or pay negative rates, this is an additional incentive to search for ways to make your money work. … borrowers that are happy with a platform will talk to their peers as well about the modern way to finance their business.”

She also mentioned that platforms have a “strong vested interest to assure that the borrowers conform to a certain quality and that there are checks and balances in place to avoid a downward spiral.” She clarified that this does not mean that “there won’t be defaults.” She pointed out that you do not “get 10% interest by lending to Shell or Nestlé.” She believes that what’s important “in the end, is the average return of a diversified portfolio.”

You may check out the full interview here.

As covered last month, EstateGuru reported over €14 million in financing volume in April 2021, with the German market becoming the main contributor of new projects.

EstateGuru had also managed to raise €1.4 million in just days on Seedrs last month.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176682-estateguru-board-member-gabriella-kindert-shares-why-she-became-interested-in-debt-markets/

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