India-focused online coupon service Cashkaro has raised USD750,000 from numerous UK angel investors. The website formally launched earlier this year with headquarters in Gurgaon. It claims to partner with more than 350 brands such as Flipkart, Pizza Hut and Foodpanda.
Cashkaro’s model means firms do not pay to be listed on the database. Instead, Cashkaro receives a commission whenever a consumer makes a purchase through the website or uses a coupon. Registered members receives offers such as cashback promotions or coupon codes.
“The funds would be used to strengthen our position in India. It also makes us the leader in the segment,” said co-founder Swati Bhargav
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.