Cashfree Payments Launches PAN Verification For Customer KYC; Simplifies Bulk KYC For Businesses

●        Cashfree Payments gives merchants the option to do single or bulk PAN verification

●        Merchants and businesses can get their customers’ PAN card details online, complete the verification and check status online, improving the speed and experience of onboarding

●        Loan and insurance companies, investment portals, wallets, payment banks, as well as large corporations (for employee KYC) to benefit from this

Leading payments and API banking solutions company, Cashfree Payments today announced that it has launched PAN (Permanent Account Number) Verification on Cashfree Payments Verification Suite. This feature will allow merchants to do a single online PAN verification or bulk pan verification of upto 10,000 PANs of their customers via PAN verification API.  Through this solution merchants can check pan card details online and check pan status online.

The PAN Verification can verify PAN Details such as validity of the PAN, Name provided, Verification ID, PAN type, Name registered, Father’s name, Date of Birth and Date of issue. With this launch, merchants and businesses can get their customers’ PAN verification done and check the status in real time, improving the speed and experience of onboarding.

A Permanent Account Number (PAN) is a unique ten-digit alphanumeric number issued by the Income-tax Department of India to all taxpayers in India. PAN Verification is used to check the authenticity of the details, validate PAN Card and also check if the card is owned by a business or an individual. Merchants and businesses use PAN for various purposes, such as:

●        Onboarding vendors

●        Onboarding employees

●        Transferring funds or process payments

●        KYC for financial services

Akash Sinha, CEO and Co-Founder, Cashfree Payments said, "With markets becoming increasingly competitive, it is vital for businesses to reduce turnaround times for any KYC-related requirements so that onboarding or payments can be conducted faster. We're excited to introduce our API based pan verification for our merchants to verify their users’ PAN card details, get the status of the PAN card, and check whether it belongs to a business or an individual. With this move, onboarding new customers will be much easier and quicker."

PAN card Verification is a new feature added to Cashfree Payments’ Identity offering. Cashfree Payments launched its Identity offering, starting with Bank Account Verification in 2019, and since then, it has been adopted by various businesses for their unique business use cases like KYC before vendor onboarding, employee background checks, and account verification before disbursals, etc.

With over 50% market share among payment processors, Cashfree Payments today leads the way in bulk disbursals in India with Cashfree Payments Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments underscoring the company’s role in building a robust payments ecosystem. Cashfree Payments works closely with all leading banks to build the core payments and banking infrastructure that powers the company’s products and is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay.

About Cashfree Payments:

Cashfree Payments is a leading payment and API banking solutions company. It provides full-stack payments solutions enabling businesses in India to collect payments and make payouts via all available methods with simple integration. Cashfree Payments’ offerings include an advanced and easy way to integrate payment gateway, a split payment solution for marketplaces, bank account verification API and Auto Collect -- a virtual account solution to match inbound payments to customers. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is among the leading payment service providers in India processing transactions worth USD 20 Billion annually. It has leveraged technology to lead payment disbursals in India with more than 50% market share among payment processors. Cashfree Payments enables more than 1,00,000 businesses with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada and UAE. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI) and was incubated by PayPal.

Maybelline New York Drums Up The Buzz For The Wedding Season With Maybelline Insta Weddings Featuring Sara Ali Khan

* Be it a bold bridal shower, glamourous sangeet night, or an illustrious engagement ceremony, Insta Weddings by Maybelline New York will have you set for every occasion

Narrating the essence and individuality of the new age woman, Maybelline New York, the leading makeup brand has launched ‘Insta Weddings’, a mesmerizing hero range of products for all the modern brides. The brand launched the campaign with youth icon and Bollywood sensation Sara Ali Khan. From a pre-wedding shoot to mehndi to sangeet and more, a wedding is definitely not just about the wedding day! With Maybelline New York’s Insta Weddings hero range of products you can plan a trend-setting entry or rock the floor with an ultimate glamorous avatar.

Epitomizing the vibrant personality of the bold and sassy bride, Insta Weddings brings a hero range of long wear products for lips, face, and eyes. The range of products includes Superstay Matte Ink (Rs. 650), Superstay Ink Crayon (Rs. 599), Insta Age Rewind (Rs. 650), Super Stay Foundation (Rs. 750), Master Chrome (Rs. 650), City Mini Eyeshadow Palette (Rs. 780), Tattoo Liner (Rs. 550), Define and Blend Brow Pencil (Rs. 349), Colossal Mascara (Rs. 399), Colossal Super Black (Rs. 300) and Lasting Fix Setting Spray (Rs. 599).

Speaking on the new & extensive Insta Wedding line of products, Maybelline New York’s brand ambassador Sara Ali Khan said, “Weddings are always special and stay forever in the memories of every woman. The Insta Wedding series by Maybelline New York can be considered as one stop brand for all the bridesmaids. The range helps in bring out uniqueness of bride tribe ensuring she dazzles at every ceremony. I am absolutely honored and delighted to bring Insta Weddings range of products for all the beautiful bride tribes out there.”

Adding further, Maybelline New York’s official make-up artist, Elton Fernandez said, “The Insta Weddings series of products effortlessly blend with the requirements of every modern bridesmaid. The range gives an alluring and long-lasting look while enhancing the overall wedding attire. Tune in to watch me create some stunning looks on everyone’s favorite influencers as they get ready for their own special moments. We look forward to creating everlasting memories with brides through this range of products.”

Glam up with Maybelline New York’s Insta Weddings!

eXp India Attracts 1000+ Agents Within 10 Months Of Launch

* The cloud based real estate brokerage continues to grow rapidly with  a presence in over 15 Indian states

eXp India, a subsidiary of eXp World Holdings  (NASDAQ: EXPI)  has on-boarded over a thousand real estate agents across India since their launch 10 months ago. A growing number of agents continue to join the cloud-based brokerage every day, signalling a marked trend in the way real estate transactions are being conducted post-pandemic. 

eXp’s cloud-based brokerage is powered by the company’s immersive and collaborative platform, which enables its agents to communicate, meet and conduct business in a virtual world.  Named eXp World, the cloud-based platform comes replete with meeting rooms, presentation collateral, conferences, extensive training and networking opportunities, myriad ways to personalize the virtual avatar, and much more. eXp India also offers a unique remuneration model for agents with attractive incentives and options to earn additional income by helping grow the company’s agent base globally and earn through listing and selling activities."We entered the Indian market in the last quarter of 2020 excited about the opportunities here, and the last 10 months have seen phenomenal growth. The Indian market has incredible potential, and the real estate agents themselves are talented and well-versed in market trends. We have seen extraordinary adoption of eXp's work model, and are confident that our footprint will continue to grow and attract agents who are looking to break the status quo," says Michael Valdes, the President of eXp.

“We are working towards building a strong foundation for an extremely progressive and transparent real estate sector in India. With that in mind, we give all our agents world-class training, flexibility and support, and have seen immense interest in the market as a result. Our agents have industry-first perks like a chance of acquiring equity shares and an attractive commission model which encourages more entrepreneurial minded agents, as well as existing brokerages to join our growing virtual community” says Shashank Vashishtha, the Executive Director of eXp India. 

In India, eXp conducts business in Delhi & NCR, MMR & Pune, Goa, Bengaluru, Hyderabad, Chennai, Kolkata, Indore, Lucknow, Agra, Jaipur, Ahmedabad, Surat, Baroda, Chandigarh, Ludhiana, Amritsar etc with a focus on both commercial and residential real estate. The brand began its operations by obtaining RERA licences in 15 states. At present, eXp India works with over 25 developers with 100+ projects and over 3000 property listings on their website and is looking to soon obtain RERA licences for an additional 5 states. The company has also witnessed exponential growth internationally in the last 12 months. eXp Global has launched operations in 14 countries, including India, in the past 12 months and has exceeded 67,000+ agents, making it the fastest growing real estate brokerage. eXp now operates in 18 countries worldwide.

About eXp India - eXp India and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 67,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Germany and Panama. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive.

Safe Harbor Statement: The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Move Over ‘Natural’; Choose Certified Organic Products For Your Babies With goodnessme Organic

 

The outermost layer of baby’s skin is 30% thinner than that of adults. Hence, it is super sensitive and permeable. That is why it is necessary to choose products which are made from pure ingredients and are extremely safe. Organic, as we know, is the purest form of nature, grown without any harmful chemicals, synthetic pesticides, or fertilisers – just how Mother Nature intended. And zero toxins ensure the products are super safe to use.

Products available in the market today that claim to be natural may not be 100% safe (product makers could include only 0.01% ingredients that are ‘natural’ to be able to market it as such). This could mean that these so-called ‘natural’ products may still contain harmful preservatives and chemicals or include toxic ingredients grown using pesticides.

Understanding the dilemma of parents, the house of Godrej Consumer Products has introduced goodnessme, a premium range of certified products made from organic ingredients and zero toxins for sensitive baby skin.

goodnessme products have been formulated keeping harmful chemicals as far away as possible. The range has taken over 3 years of research and testing to develop, with ingredients having been sourced from all around the world. The baby skin care range is Certified COSMOS Organic by ECOCERT, France – one of the world’s largest organic certification organisations. The certification can only be achieved after passing through stringent compliance processes including raw material testing, formulation approvals, even annual factory audits, including banning more than 1300 ingredients deemed not fit for use for baby products as per European standards. It’s no surprise, then, that the products don’t include any toxins, parabens, petroleum, phthalates, synthetic fragrance, mineral oil, or silicones, ensuring 100% transparency and re-establishing the promise of purity.

goodnessme products also go through rigorous testing outside of the European standards and are hypoallergenic, dermatologically tested, paediatrician certified, vegan and cruelty-free, making them super mild and safe to protect the delicate skin of babies.

Meant for little ones between 0-2 years, the goodnessme range includes a variety of products in multiple SKU’s like certified organic baby soap; certified organic baby oil; certified organic baby moisturizer; certified organic multipurpose baby cream; certified organic baby head-to-toe wash, and so on. The products are made with organic ingredients and zero toxins and are perfect for sensitive baby skin.

MASSAGE RANGE:

goodnessme Organic Baby Oil

Product Bio: A super-pure blend of 6 organic oils - Almond, Olive, Jojoba, Sesame, Argan, Safflower - and Vitamin E to help nourish, protect and soothe the baby’s delicate skin.

Sizes Available: 100 ML @ INR 700 / and 200ML @ INR 1350 / -

goodnessme Organic Coconut Baby Hair and Massage Oil

Product Bio: A 100% organic and cold-pressed coconut oil for baby hair protects, nourishes, strengthens, and conditions your baby's hair rom the roots, helping protect against hair damage and promoting longer, smoother, and shinier hair. The oil is also great for a nourishing body massage and it’s anti-fungal and anti-bacterial properties protect against irritation.

Sizes Available: 1U X 100 ML @ INR 299

BATHING RANGE:

goodnessme Certified Organic Baby Head-To-Toe Foam Wash

Product Bio: A certified organic Baby Head-to-Toe Form Wash is a 3-in-1 gentle cleanser that is tear and irritation free, keeping the baby’s face, hair and body clean. Made with the goodness of organic ingredients like Chamomile, Rose and Lavender, this foam-based wash is ideal for the baby’s head-to-toe bathing requirements.

Sizes Available: 200 ML @ INR 470 / and 400ML @ INR 900 / -

goodnessme Certified Organic Baby Soap

Product Bio: Made with the goodness of organic ingredients like Jojoba Oil, Olive Oil and Chamomile, this certified organic, super-mild soap gently cleanses and moisturizes the baby’s skin after every bath.

Sizes Available: 1U X 100G @ INR 250 / 2U X 100G @ INR 400 / and 4U X 50G @ INR 425 / -

LOTIONS AND CREAMS:

goodnessme Certified Organic Baby Lotion

Product Bio: This certified organic Baby Lotion is a super-safe, moisturizing lotion that helps nourish the baby’s skin and keeps it soft & supple for the whole day. Made with the goodness of certified organic Shea Butter and Aloe Vera, it is perfect for the baby’s delicate skin that deserves only the gentlest protection and nourishment.

Sizes Available: 100ML @ INR 230 / 200ML @ INR 410 / 400ML @ INR 730 / and 2U X 400ML @ INR 1460

goodnessme Certified Organic Multi-Purpose Baby Cream

Product Bio: Whether you are looking for the best baby cream for dry skin or organic diaper rash cream, your search ends at this certified organic multi-purpose Baby Cream. Made with the goodness of organic ingredients like Chamomile, Aloe Vera, Glycerin and Rose Water, this super-good cream provides a safe solution that keeps the baby’s skin protected against rashes, redness, minor cuts, skin inflammation and dryness. Many skin problems, one solution.

Sizes Available: 50G @ INR 350 / and 100G @ INR 650 / -

Being a digital-first brand, goodnessme products are only available online as of now and can be purchased from the brand website (www.goodnessme.com) and across online marketplaces like Amazon, Flipkart and FirstCry.

Coforge: Operating Performance Misses Expectations In Q2 Of FY2022

 HOLD

CMP: Rs5069  |  Target Price: Rs5100

■    Coforge's operating performance was lower than expectations in Q2FY22. Revenues grew 6.5% QoQ to USD212.8mn (7.5% CC; organic 3.9% CC), missing our estimate by 2.3%. EBITM expanded by 280bps QoQ to 13.6% on the back of offshore shift, higher utilization and other operating efficiencies.

■    Coforge raised its organic revenue growth guidance to at least 22% YoY CC (from 19%), based on H1 performance, solid deal intake, NTM order book and a strong pipeline. It retained adjusted EBITDAM (ex-ESOP and acquisition related costs) guidance of 19% for FY22.

■    Order bookings were robust with a total fresh order intake of USD285mn on the back of three large deals won during Q2, with two of them having a TCV of over USD50mn each. The order book executable over NTM increased 41% YoY to USD688mn (organic 23%).

■    We cut FY22E/FY23E/FY24E EPS by 3.1-4.4%, factoring in the Q2 miss. We upgrade Coforge to Hold from Sell with a revised TP of Rs5,100 at 34x Sep'23E EPS (earlier 29x), factoring in the stock price correction and underperformance (~10% down in 1M; underperformed Nifty IT index by 5%/9% in 1M/3M), and higher medium-term growth assumptions (see Exhibit 18).

Tech Mahindra: Communication-Led Revenue Growth In Q2; Growth Momentum To Sustain

BUY

CMP: Rs1524  |  Target Price: Rs1870

■    Tech Mahindra's Q2FY22 operating performance was better than expectations. Revenues grew 6.4% QoQ (7.2% CC) to USD1,473mn, led by Communication, Media & Entertainment (6.7%) and Enterprise (6.3%) verticals. EBITM remained flat QoQ at 15.2%.

■    Net new deal wins were robust, with a TCV of USD750mn, split across CME (USD255mn) and Enterprise (USD495mn). The deal pipeline remains healthy, and management expects healthy deal win momentum to continue in H2 as well.

■    Management remains confident of sustaining revenue growth momentum and EBITM in H2 on the back of broad-based demand, uptick in 5G-led spending, robust demand for digital engineering, cloud, data & analytics services, healthy deal intake, and deal pipeline.

■    We raise FY22-24E EPS by 1.3-2.6%, factoring in the Q2 beat and recently announced acquisitions. Maintain Buy with a revised Sep'22 TP of Rs1,870 at 25x Sept'23E EPS (23x earlier), reflecting higher medium-term growth assumptions.

Data-As-A-Service Startup QoreNext Closes Seed Funding Round, Backed By Wavemaker Partners

 

QoreNext, a Data-as-a-Service (DaaS) provider for the enterprise B2B market, has raised US$1.5 million in seed funding from Wavemaker Partners, one of Southeast Asia’s leading venture capital firms.

Previously, the Singapore- and Seattle-based startup closed an angel investment round from leaders in the insights, payments, and data spaces.

Founded by data scientist and entrepreneur Rahul Sahgal, QoreNext has applied machine learning to robotic process automation via its collaborative platform. The business idea was based on IP specifically carved out of Annik, the data and analytics company Sahgal founded and sold to French IT services giant CapGemini. Annik was part of a private equity-driven roll-up under digital customer engagement firm LiquidHub, which was acquired for US$500 million in 2018.

Rahul realized that corporations expend a great deal of time and resources in acquiring data from various common public sources and then maintaining this data to their high standards. He recognized that there were better ways to resolve this pervasive issue. The Qore platform changes the way foundational data is produced and consumed, while the virtual collaborative aspect brings the gig-economy model into the corporate data management world. This precludes the need for armies of data stewards or editors.

"We have already had many constructive discussions with corporates that show a genuine interest in our data offerings", said Rahul Sahgal, founder and CEO of QoreNext. "In Wavemaker, we are excited to have found the perfect partner to help us get the company to the next level."

Paul Santos, Managing Partner of Wavemaker Partners said, “With over a decade of industry experience and a successful exit under his belt, Rahul deeply understands the problems faced by enterprises when it comes to data. QoreNext’s ML-RPA-driven approach not only allows for various cost-efficient optimizations and automations within data science teams, but also gives companies access to foundational data that are vital for decision-making. We are confident that with the team’s extensive network and experience, they are best-placed to scale their solution globally across verticals, starting from the US.”

Headquartered in Singapore, WaveMaker is Southeast Asia’s go-to VC firm investing in B2B and deep tech. Since 2012, it has backed 140+ companies, of which 85% are in enterprise and deep tech. The firm has US$180 million in AUM across three funds and has seen 10 exits valued at close to US$700 million.

The seed round will help the QoreNext platform to advance production of its main modules and to bring its first set of data products to the market.

For more information on QoreNext, visit qorenext.com.

About QoreNext

QoreNext is a Singapore- and Seattle-based tech startup that is re-inventing the future of data creation for the enterprise B2B market. It consists of a platform for enterprise data content, powered by machine learning and robotic process automation. From healthcare to finance, corporations need data to operate. QoreNext is created to be a virtual data factory, where customers can leverage its interconnected data products with seamless integration—always updated and current. QoreNext provides its clients with reliable high-quality data, with a flexible DaaS pricing model. This results in business-ready data that allows major time and cost savings. With a remote-first, office-agnostic approach, the QoreNext team is distributed across North America, APAC, and India.