In a startup, Unicorn is a privately held startup or industry valued at over $ 1 billion. the unicorn term was first used in 2013 by venture capitalist Aileen Lee, there are 37 startups that entered the unicorn clubhouse in 2021. Groww, Coindcx, Bharat pe, Cred and zeta are the fintech unicorn startup. Fintech term meaning is a financial technology that is provided innovation and technology that aims to compete with traditional financial methods in the delivery of financial services. the technology used in a smartphone, banking, investing, borrowing and cryptocurrency and its main aim is to make financial services more accessible to the general public.
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Bharat Pe
Bharat Pe is India’s rising merchant payment platform, it can accept payment from any payment apps for free. Bharat Pe was founded in 2018 by Ashneer Grover and Shashvat Nakrani. Its headquarter is located in New Delhi, India.
Bharat Pe makes payment acceptance simple by offering a single QR code to accept all payments apps such as Phone Pe, BHIM, Paytm, Google Pay, Mobikwik, and 150 plus other apps. the payment startup raised $ 370 million funding through a Series E round led by tiger global. the round makes Bharat pe to Indias growing list of Unicorn startup clubs with its valuation of $ 2.85 billion in six months.
Cred
CRED is a platform that offers exclusive rewards experience and upgrades to its users for timely payment of their credit card bills. CRED was founded in 2018 by serial entrepreneur Kunal Shah. The platform offers online commerce and brand discovery through its store and Discover segment. currently, it has an 1800 brands portfolio on its store platform. Cred also introduced Cred pay to help with easy checkout on its in-app-E commerce platform. It was raised $ 471 million dollars capital from large venture capital investors like Sequoia Capital, Rabbit Capital, Tiger Global Management, Green Oaks Capital.
Fintech startup Cred join the Unicorn club in April 2021 with a $ 215 million fundraise at a valuation of $ 2.2 billion in a funding round led by Falcon Edge Capital and existing investor Coatue Management LLP.
CoinDCX
CoinDcx is India’s leading Cryptocurrency Exchanges with an aim to provide a user-friendly experience to the customer. It was launched on 8th April 2018, by Sumit Gupta and Neeraj Khandelwal, headquartered in Mumbai, India.
CoinDcx India’s safest Crypto Exchange will give you Buy and Sell options in 250 plus Cryptocurrencies with up to 6X margin basis. With CoinDcx you haven’t worried about losing your funds and crypto asset, their all funds are protected by BitGo Insurance policy. the platform raised $ 90 million in a Series C funding round at a valuation of $ 1.1 billion and became the first Indian Cryptocurrency exchange to join the Unicorn startup club. the funding round led by the B Capital Group, and existing investors such as Coinbase venture, Polychain capital, block.one, and Jump Capital.
Groww
Groww is the Bangalore based online investment start-up that allows investors to invest in Mutual funds and Stocks. It was founded in 2016 by Lalit Kesher. The platform offers direct investment in mutual funds, IPO, Stocks, Digital gold and Exchange-traded funds.
Groww has raised the $ 83 million fund through a Series D funding round led by Tiger Global management at a valuation of more than $ 1 billion. It is 2nd fintech startup to join the Unicorn startup club in 2021 year.
Zeta
Zeta is a modern banking tech unicorn startup, founded in 2015 by Bhavin Turakhia and Ram Guddipti. The startup is in the business of providing a cloud-native, full-stack, API first Neo banking platform including credit, debit card and prepaid products that enable legacy banks and new fintech institutions to launch modern retail and corporate fintech products. In 2021, Zeta has join the unicorn club after raising $ 260 million in a funding round led by Softbank vision fund ll at a valuation of $ 1.4 billion.
