You are currently viewing Startup news and updates: daily roundup (October 12, 2022)

Startup news and updates: daily roundup (October 12, 2022)


M2P Fintech partners with Tartan

API infrastructure company M2P Fintech has announced its partnership with Tartan, a Payroll and Work Platform APIs Connectivity company, to become the first-of-its-kind player in India to provide consent-driven data of user’s current income and employment through Payroll APIs to lenders.

Through this, partnered banks and NBFCs will gain access to fully encrypted, comprehensive data directly from payroll systems to automate income and employment verification thereby enabling lenders to offer NTB customers instant, innovative, and customised lending products. 

Through Tartan, once the verification and eligibility criteria are swiftly ascertained, partnered banks and NBFCs can leverage M2P Fintech’s Core Lending Stack (CLS) that seamlessly integrates RegTech, LendTech, and BankTech capabilities to offer customized lending solutions from onboarding to collections. 

Amagi expands its operations to South Korea

Amagi, a cloud-based SaaS technology company for broadcast and connected TV, has announced that it has bolstered its presence in Northeast Asia, with a sales and customer support team in South Korea, to serve customers in the region.

The company has also signed a partnership with Digibase, a Seoul-based provider of professional media services for live video encoding and file-based transcoding. A partner of enterprise-grade cloud infrastructure providers such as Amazon Web Services and Google Cloud, Amagi enables broadcasters, content owners, and streaming platforms worldwide to create, distribute and monetise live linear channels effortlessly.

Amagi provides a complete suite of solutions for channel creation, distribution, and monetisation. Its clients include ABS-CBN, AccuWeather, A+E Networks UK, Cinedigm, Cox Media Group, Crackle Plus. Fremantle, Gannett, Gusto TV, NBCUniversal, Tastemade, The Roku Channel, and Vice Media, among others.

Droom partners with Turtlefin

Insurtech platform Turtlefin has announced its partnership with DroomTechnologies, an automobile ecommerce platform for buying and selling used and new vehicles, to provide motor vehicle insurance services. Through this strategic partnership, Turtlefin will be able to extend an option of availing comprehensive motor insurance products to Droom’s customers buying two wheeler and four wheeler vehicles online.

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L-R – Amreesh Kher, Chief Partnership Distribution officer, Turtlefin, Sandeep Aggarwal, CEO &amp; Founder Droom Technologies

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L-R – Amreesh Kher, Chief Partnership Distribution officer, Turtlefin, Sandeep Aggarwal, CEO & Founder Droom Technologies

With this partnership, Droom will leverage Turtlefin’s One API product and power its interface (consumer app and website) thus providing premiums from all the top insurers available in India to its customers and showcase the best possible vehicle insurance options in just a click. This way, Turtlefin will be able to assess risks more intelligently and provide real-time fact-checking and auto insurance quotations, providing a seamless customer experience. The partnership will be valid for three years and will be mutually beneficial for both the brands.

Turtlefin will offer Droom’s customers a specially curated offering, with a suite of benefits along with additional covers for vehicles from varied trustworthy insurance companies. Customers will get to experience a seamless single point online insurance service to compare and select an insurance cover, compare costs that meets their specific requirements.

RBL Bank and BookMyShow announce partnership to launch ‘Play’ credit card

RBL Bank and BookMyShow have announced a partnership to launch a new ‘Play’ credit card that will take the entertainment quotient for Indian audiences several notches higher.

Previously, in 2016, RBL Bank had successfully partnered with BookMyShow for the launch of Fun Plus Credit Card.

The ‘Play’ credit card will be available to select customers on BookMyShow and give them access to lucrative offers on transactions across movies, live entertainment offerings (online and offline), as also binge-watching movies and TV series on BookMyShow Stream by renting or buying a title, while enjoying benefits with every purchase made. While BookMyShow customers can purchase the ‘Play’ credit card for an annual fee of Rs 500/- the superlative offering will be available to entertainment loyalists on the platform, BookMyShow Superstars at zero cost.

Simplilearn partners with SP Jain Institute of Management and Research to launch new programme

Simplilearna digital skills training provider, announced its partnership with S.P. Jain Institute of Management and Research (SPJIMR), Mumbai, to launch Data Science for Business Decisions programme. The programme will enable professionals to harness data science and business analytics insights to make informed business decisions and enhance strategy, execution and effective leadership.

The programme is carefully designed for mid-senior level professionals with a work experience of 5+ years and is ideal for those who want to transform their careers in the data domain, and use Data Science to solve business challenges.  

The six month programme consists of 50+ hours of live online classes delivered by SPJIMR faculty, industry-aligned projects, academic master classes, and a certificate from the Institute. The participants will also be eligible for the Executive Alumni status from SPJIMR along with a chance to be a part of a two-day campus immersion programme.  

LoanTap launches LTCash, an instant personal loan app,

LoanTap has launched a new app product called LTCash. It is a LoanTap-powered instant personal loan app that offers up to Rs 50,000 in cash without any manual intervention in the loan application and underwriting process, and in most cases without the necessity of any paperwork submission.

The online loan procedure takes less than 10 minutes to provide a smooth experience for customers. The company said it is one of the first NBFC to use RBI-approved Account Aggregators to facilitate a safe and seamless process for a credit eligibility check for the customer.

The new app employs cutting-edge technology and unique algorithms to let LTCash analyse each customer’s profile faster and tailors the best offers to them. The benefits of this app include quick cash up to 50,000, 24% annual rate of interest, six months tenure, payments are made in less than 24 hours, no document uploads are required, and it is 100% digital procedure with a minimum income of 30,000. Also, there is no security deposit or collateral required.

(This article will be updated with the latest news throughout the day.)


Edited by Megha Reddy



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