Naspers Looks to Invest $1bn in India

South African based investment group Naspers, the largest shareholder of Tencent, is looking to find their next big success as they plan to invest $1bn in India; Bloomberg reports the firm is already in talks to invest $200mn in fintech small business lender Capital Float and an undisclosed amount in payments security firm Wimbo; they are trying to replicate their previous success with Tencent and believe there could be an opportunity in the emerging Indian fintech market. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!