How savvy startups are rebooting banking

Published: 13/02/2020
How savvy startups are rebooting banking
Source: WWW.LIVEMINT.COM

More than 190 million Indians are still unbanked. Now, a slew of digital app-based neo banks are going after them.Neo banks raised $116 million in 2019, up seven times year-on-year. While the figure is not huge, what’s striking is that many of these firms have raised seed rounds of $5-20 mn on paper ideas alone

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