Fintech: News
03 Nov 2024
BengaluruIndian start-ups secured $1.1 billion in VC funding in October
Venture capital (VC) funding for Indian start-ups continued its steady flow of over $1 billion for the sixth consecutive month in October, even as it saw an 11% annual decline from last year's $1.245 billion.
19 Sep 2024
National Payments Corporation of IndiaNPCI may raise market share cap for UPI payment operators
The National Payments Corporation of India (NPCI), the regulatory body responsible for overseeing India's Unified Payments Interface (UPI) system, is reportedly considering a revision of its proposed market share cap for UPI operators.
18 Sep 2024
E-commerceIndia's start-up ecosystem projected to triple by 2030
India is on the cusp of a significant start-up boom, with projections indicating a 2.6x increase in the number of start-ups by 2030.
15 Sep 2024
Artificial Intelligence and Machine Learning90% of Indian financial institutions prioritize AI for innovation: PwC
A recent report by PwC India, titled 'Mapping the FinTech innovation landscape in India,' reveals that 90% of Indian financial institutions are prioritizing artificial intelligence (AI) and generative artificial intelligence (GenAI).
03 Sep 2024
PaytmIndia's fintech sector to mint 150 unicorns by 2030: Report
India's financial technology (fintech) sector is set to witness a significant surge, with an estimated 150 unicorns emerging by 2030.
06 Jun 2024
ZestMoneyFintech startup Simpl cuts 50 jobs in second layoff round
Buy Now Pay Later (BNPL) startup Simpl has announced a second round of layoffs, affecting approximately 50 employees across various departments.
21 Feb 2024
Reserve Bank Of India (RBI)Why RBI is increasing scrutiny of fintech firms
The Reserve Bank of India (RBI) is stepping up its scrutiny of fintech companies by employing analysts to review customer data and holding regular meetings with executives.
22 Jan 2024
PaytmPaytm surpasses 10 crore monthly active users
Fintech giant Paytm recently announced that it has surpassed 10 crore monthly active users by December 2023.
04 Jan 2024
StartupsIndia's fintech funding declines 63% in 2023: Here's why
The Indian fintech industry saw a significant decrease in funding in 2023, with a 63% drop compared to the previous year.
26 Dec 2023
BharatPeBharatPe's revenue jumps 182% YoY to Rs. 904cr in FY23
Fintech unicorn BharatPe has reported a whopping 182% year-on-year (YoY) increase in revenue from operations, reaching Rs. 904 crore in FY23, up from Rs. 321 crore in FY22.
20 Oct 2023
PaytmPaytm's Q2 revenue jumps 32% YoY to over Rs. 2,500cr
One97 Communications, the parent company of India's leading fintech giant Paytm, has reported a 32% year-over-year surge in its revenue for the second quarter of the fiscal year 2023-24 (Q2 FY24), reaching Rs. 2,518.6 crore.
09 Oct 2023
StartupsIndian-origin entrepreneur fires 40% staffers of his fintech start-up
San Francisco-based fintech start-up Synapse, led by Indian-origin CEO Sankaet Pathak and backed by global venture capital firm Andreessen Horowitz (a16z), has laid off 86 employees, which is nearly 40% of its workforce.
05 Oct 2023
CREDCRED's revenue skyrockets 250% year-on-year but losses remain a concern
Fintech giant CRED has reported a whopping 256% increase in revenue from operations, hitting Rs. 1,400 crore in FY23, up from Rs. 393 crore in FY22.
28 Sep 2023
CREDCRED introduces Garage as one-stop vehicle management solution
CRED, a fintech start-up based in Bengaluru, has launched CRED Garage, an all-in-one vehicle management platform within its mobile app.
02 Aug 2023
BusinessPayU plans India IPO, eyes $6 billion valuation
Fintech firm PayU, backed by Prosus, is gearing up for an Indian listing next year with a potential valuation of $6-6.5 billion.
12 Jul 2023
United KingdomEntrepreneur (43) succumbs to cancer months after setting up charity
British tech entrepreneur Nick Hungerford aged 43 passed away after a battle with terminal bone cancer.
03 Jan 2023
BharatPeBharatPe CEO Sameer Suhail steps down after 5 months
Sameer Suhail, the BharatPe CEO who had a falling out with co-founder Ashneer Grover, has resigned from his post, the company said in a statement.
27 Dec 2022
StartupsFintech Money View valued at $900mn in latest funding round
Amid the slump in start-up funding, Indian fintech firm Money View has raised $75 million in its Series E funding round. In the round led by Apis Partners, the Bengaluru-based company was valued at $900 million.
16 Jun 2022
WhatsAppWith CASHe, you can now avail instant loan on WhatsApp
CASHe, a Mumbai-based fintech platform, has launched an instant credit line service on WhatsApp.
23 May 2022
TechnologyFintech is poised to revolutionize the finance landscape
Financial technology, or Fintech, is one of the fastest-growing global businesses.
23 Feb 2022
StartupsBharatPe fires co-founder Ashneer Grover's wife Madhuri Jain: Report
Fintech company BharatPe has sacked Madhuri Jain—the company's controller and co-founder Ashneer Grover's wife—based on charges of misappropriation of funds, The Economic Times reported on Wednesday.
20 Aug 2021
StartupsKunal Shah's fintech start-up CRED launches P2P lending platform 'Mint'
Bengaluru-based fintech platform CRED Friday announced the launch of a peer-to-peer (P2P) lending product called Mint on its platform that will help its 7.5 million users benefit more from the service.
30 Mar 2021
CryptocurrencyVisa to allow payments using cryptocurrency
Visa Inc. will wade deeper into digital currency waters as it green-lights the use of cryptocurrency to directly settle payments on its network.
02 Jun 2020
Mutual FundsFranklin Templeton MF liquidation: All you need to know
After winding up six debt funds and locking Rs. 30,800 crore of investor money, Franklin Templeton India is gearing up to finalize the liquidation process of the schemes through an e-vote.
24 Feb 2020
Google Pay (Gpay)Fintech start-up BharatPe secures $75 million in funding: Details here
BharatPe, a fintech start-up helping small Indian businesses and merchants go digital, has secured $75 million in a Series C round of funding.
01 Nov 2019
Bank of BarodaFisdom raises $11 million from fintech giant PayU and others
Fisdom, a Bengaluru-based wealth management start-up that offers investment advisory services through its mobile application, has raised $11 million in a fresh round of funding.
24 Oct 2019
State Bank of India (SBI)AI-based fintech start-up Crediwatch raises $3.2 million: Details here
Bengaluru-based fintech start-up Crediwatch has raised $3.2 million in Series A round of funding.
16 Oct 2019
IndiaTrue Balance raises $23 million from Korean investors
Fintech start-up True Balance has received $23 million in Series C round of funding.
20 Jul 2018
IndiaPaySense raises $18mn selling undisclosed stake in round led-by PayU
Fintech player PaySense has raised $18 million by selling an undisclosed stake in a round of funding led by Naspers-promoted payments provider PayU with a $11.5 million investment.
14 Jun 2018
IndiaWant to make Mumbai a financial technology hub: CM Fadnavis
Maharashtra CM Devendra Fadnavis said he wants to make Mumbai a hub for financial technology.
21 Mar 2018
IndiaCentral task force on AI recommends setting up of N-AIM
A central task force on Artificial Intelligence (AI) has suggested creating a National Artificial Intelligence Mission (N-AIM) that will serve as a nodal agency for coordinating AI related activities in the country.
09 Jun 2017
IndiaFlipkart eyes new avenues, entry in Fintech, more tech hires
India's home-grown e-commerce platform Flipkart is looking forward to taking the next big leap; the firm is poised to include new categories such as furniture and groceries in its foray.
09 May 2017
IndiaMobiKwik may get $100 million funding from BlackRock and others
MobiKwik, which competes with firms such as Paytm and FreeCharge in digital payments space, is now going to get a big boost in its endeavors.
