Fintech: News

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


Paytm 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


India'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


BharatPe'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


Paytm'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


Indian-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


CRED'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


CRED 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


PayU 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 Kingdom

Entrepreneur (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


BharatPe 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


Fintech 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


With 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


Fintech is poised to revolutionize the finance landscape

Financial technology, or Fintech, is one of the fastest-growing global businesses.

23 Feb 2022


BharatPe 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


Kunal 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


Visa 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 Funds

Franklin 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


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 Baroda

Fisdom 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.

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


True 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


PaySense 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


Want 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


Central 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


Flipkart 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


MobiKwik 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.