Lured by a get rich(er) quick scheme, HNIs allege TradeCred bluffed them
A row has broken out between invoice discounting platform TradeCred and a few investors over a default involving the popular startup Bizongo. This is the latest blow-up in a space that is driven by the allure of high returns and is a regulatory grey area.

More in Internet
You may also like
Fintech Hala’s new millions
One of the largest-ever funding rounds among the Middle East startups, Carrefour’s latest exits and other updates from the week.
SuperK has a playbook for solving India’s small-town retail problem
Investors are betting on the value retail chain’s franchise model to disrupt the retail market in small-town India. By the looks of it, the six-year-old startup seems to have gotten a lot of things right.
The quick rise and even quicker fall of India’s smartwatch industry
At a time when startups selling chips or pet food have raised millions of dollars in funding, investors have shunned wearable tech companies. The fate of the sector hangs in the balance.