TONETAG
Sound-based payment firm Tonetag raises Rs 35 crore from Qualcomm Ventures
Tonetag, a deeptech startup focused on sound-based payment systems, has raised Rs 35.16 crore ($3.8 million) from Qualcomm Ventures, according to ministry of corporate affairs documents. The round follows last year’s $78 million funding from ValueQuest, Iron Pillar and Elevate Capital. The company did not disclose the investment size publicly.
ToneTag introduces RetailPOD 3.0, an AI-enabled payment acceptance device that talks, transacts, and sells
This compact, dual-display device integrates payment, inventory, customer engagement, and analytics, offering voice-activated features and supporting 12 Indian languages.
ETtech deals digest: Startups raise $327.3 million in week to February 14; up 27.8% on-year
The funds were raised by startups across seed, early and late stages through 30 deals, compared to 39 in the year-ago period.
Digital payments startup ToneTag closes $78 million funding round
The Bengaluru-based digital payments startup bagged the funding from stock market veteran Ravi Dharamshi’s PE fund ValueQuest Scale Fund and VC fund Iron Pillar. Existing investor Elevate Capital also participated. Strengthened by the fresh funds, the company aims to scale operations in India and go global too.
Z47’s secondaries plan; government crackdown on qcomm
Happy Thursday! Venture capital fund Z47 has put on sale stakes in a few portfolio companies. More on this and other big stories in today’s ETtech Morning Dispatch.
Payments firm Tonetag looks to bag $50 million from Iron Pillar, others
Tonetag is in talks with growth-stage investment firm Iron Pillar for a fresh equity round of around $50 million. Other investors are expected to join the round as well. The round will be a mix of primary and secondary capital, where some of Tonetag’s early investors will partially or fully exit the company.
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Forget your cards and phone, soon your car will be able to pay for fuel, recharge FASTag directly
You will soon be able to connect your payment mode to your car's infotainment system. Along with paying for fuel, the technology will also let you recharge the car's Fastag. ToneTag's innovation aims to make digital payments accessible to everyone, including those who struggle with app-based payments or digital literacy.
UPI payment without Internet or smartphone: Why your feature phone promises to be a smart, secure wallet
Despite UPI’s phenomenal success, it's mostly used by smartphone-savvy people. Attempts to create ways to onboard feature-phone users onto the platform are bearing fruit. India could soon add a staggering 900 million users to its digital payment ecosystem.
ToneTag in association with NSDL Payments Bank introduces voice-based UPI digital payment solutions for feature phones
The company has launched its IVR ‘6366 200 200’ to bridge the gap in accessibility of digital payments, especially in rural India and help people to make digital payments with inconsistent network connectivity.
ToneTag partners with Elocity to solve payment issues in EV sector
ToneTag has completed over 52 million consumer transactions and this strategic partnership with Elocity will help speed up EV adoption, the company said.
ToneTag appoints Vigil M Thomas as the new HR head
The company said the appointment is aligned to strengthen the Human Resource Management, Recruitment, Performance Management, Competency Mapping, and overall development of the Human capital of ToneTag as a whole.
ToneTag completes RBI’s first cohort for voice-based retail payments
With the successful completion of the cohort, the company will enable digital payments for more than 600 million feature phone users and also offer a secure and seamless payment experience for smartphone users
ToneTag to enable voice- based digital payments
The company said it plans to launch the service in around 50,000 villages and small towns, wherein people will be able to use voice in their local dialect to complete a UPI transaction.
ToneTag helps Amazon app customers to shop offline
Besides using its flagship technology that uses sound waves to carry encrypted payments data, ToneTag is engaged in creating a payments solution for phone users who are not digitally literate.
This Amazon-backed startup makes digital payment possible without Internet
ToneTag’s technology involves transmitting data from one device to another using sound waves and nearly 52 million customers have been benefited from this.
First Abu Dhabi Bank ties up with ToneTag for sound based payments
With ToneTag, POS (Point of Sale) terminals of FAB’s clients are now capable of accepting sound-based proximity payments.
ToneTag gets a HR head in Vinay Trivedi
Sound based digital payments facilitator ToneTag onboards Vinay Trivedi as head of its Human Resources practices.
Amazon Prime users can ‘eat and go’ with ToneTag
ToneTag’s sound wave technology will also be integrated for payment on delivery for Amazon customers, which is expected to go live in three-four months.
NPCI pilots proximity pay with PhonePe, ToneTag and Ultra Cash
New tech allows payment without physical contact with acceptance terminal
Cashing in on the fintech craze that has gripped the country
A tech-savvy consumer base eager to adopt latest digital payment means has forced merchants to be open to accepting various payment modes.
Infosys partners with ToneTag for sound based payments
Using this joint solution, banks will now enable their consumers to authenticate themselves and transact at bank branches, ATMs and retail outlets.
NICE Toll plaza enables ToneTag based payments
. NICE Toll is in the peripheral ring road in Bangaluru – Mysuru Expressway where commuters are tolled at seven locations for two-wheelers as well as four wheelers.
Shoppers Stop partners with ToneTag for sound-based contactless payments
The technology will enable customers to make cardless, cashless and contactless payments at stores across India.
ToneTag partners with Trust Chemist for cashless payments
Customers can download any of ToneTag’s partner apps including YesPay, Airtel Money and ICICI Pockets and can select the ToneTag option to make cashless payments.
Fintech cos helping banks & financial institutions deal with security threats
Their services come in three levels -first is to identify potentially suspicious individuals or entities, which is followed by identifying a suspicious transaction and then helping them report the same to the regulator.
Startups see a blockchain in everything
Companies are using blockchain tech in crucial areas like KYC verification and financial security
ToneTag brings on Mohandas Pai and Anand Chandrasekaran as advisors to push cashless transactions
Founder Kumar Abhishek did not disclose the amount but said it was more than the last round when the company had raised 1 million from Reliance Capital
YES Bank partners with ToneTag for sound-based payments
ToneTag's technology consists a Software Development Kit (SDK) that only requires a speaker and a microphone to work.
ToneTag raises $1 million from Reliance Capital
ToneTag, a global offline proximity based mobile payment technology startup, has raised $1 million in funding from Reliance Capital's Venture fund arm.
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