Paytm Introduces Automatic Recurring Payments And Other Startup News That You Need To Know


Listed below are some of the major news of the startup sector, take a look to stay updated:

Paytm introduces automatic recurring payments

Paytm has introduced automatic recurring payments, a new feature that lets users configure the payments app to pay for periodic recurring expenses automatically.

Similar to standing instructions for bank accounts, the ‘My Payments’ feature can be used for high-value payments for a variety of cases.

The company expects the feature to significantly boost bank-to-bank transactions on Paytm, which it sees crossing Rs 60,000 crore a month by December. 

PayMate acquires Z2P technologies

Mumbai based business to business digital payments company PayMate has made its foray into digital lending with the acquisition of Z2P Technologies, a Bhopal based peer to peer lending platform. PayMate intends to utilise the partnership to expand into loans for more than 20,000 small and medium enterprises which use the PayMate payments solution.

PayMate which manages around $3 billion worth of transactions flowing through it annually is looking to utilise the technology platform of Z2P and adapt it to the SME lending space. 

 RELATED ARTICLES raises funds from Indian Angel Network

Bengaluru-based social learning platform has raised funding from Indian Angel Network. aims at creating a global edutainment platform from India and is currently focusing on helping people improve their English skills.

It was part of Axilor’s Summer ’17 Accelerator batch. Axilor also participated in the current round.

The startup was founded in 2017 by Zunaid Ahmed, Udit Jain, and Pushp Raj Saurabh. Its Android app has organically gained more than two million users across the globe. The app was also selected as the “Best Hidden Gem” by Google Play Store in 2017 besides being an Editor’s Choice app. 

SpringRole raises $ 1.3 million private funding

Blockchain-based job-listing startup SpringRole has closed a $1.3 Mn private funding from its early investors – AlphaBlock Investments, Brock Pierce and Scott Walker’s blockchain investment and consulting firm DNA, Isaac Lee’s BlockWater, and Wavemaker Genesis.

The startup will use the funds raised towards solving the challenges of hiring technical professionals for outsourcing – by using blockchain technology.

The Bengaluru-based startup is said to be building an AI and blockchain-based network that will have features like directory listing, search, job board, work attestation and reputation scoring, etc. on the platform. 

Today’s Take Away:

We all have our behavioural shortcomings that sometimes become hindrances on our path to success. Therefore, it is important to have such people around who would not just constructively point out the flaws but also help one to overcome them.

Warren Buffet, Chairman, Berkshire Hathaway rightly says,

“Pick out associates whose behaviour is better than yours and you’ll drift in that direction.”