Pine Labs CEO said that while India may not yet be taken seriously in emerging technologies like artificial intelligence, the country’s fintech story is commanding attention.
Rau praised the National Payments Corporation of India (NPCI) and other government initiatives for creating a robust digital payments ecosystem, but expressed concerns about whether this support will be sufficient as the sector grows
US-based Neuberger Berman has reduced the fair values of API Holdings and Pine Labs by 21.6 percent and 39 percent, respectively, to $4.39 billion and $3.14 billion, the investor's filings with the Securities and Exchange Commission showed.
White Venture’s ‘Call to Adventure’ programme will fund executives to build startups and pay salaries to entrepreneurs while they are at it
Setu offers open APIs across four categories—data, payments, investments, and lending. The company's founders will continue to lead the firm and brand name and the team of Setu will be retained.
In the last six months, Pine Labs has raised $100 million from investment management company Invesco, as well as $20 million from the State Bank of India (SBI).
Gupta and Rau have been among India’s most active angel investors, with over 100 companies backed between them. Their portfolio includes fintech CRED, gaming firm MPL, craft beer maker Bira, neobank Open and digital ledger Khatabook.
Asbe believes that the card ecosystem needs to upgrade and innovate faster to give the same user experience as UPI apps.
Two of India's best known founders, Amrish Rau and Jitendra Gupta, are becoming venture investors, a growing trend even amid a record funding boom.
Naspers Group-backed digital payments firm PayU is likely to invest USD 250 million in the Indian business in the next five years, as the company extends focus on consumer offerings besides core products, according to a senior executive of the company.
CNBC-TV18 spoke with Hari Menon, CEO of BigBasket, Bipin Preet Singh, Founder & CEO of MobiKwik and Amrish Rau, MD of Citrus Pay to find out how the demonetisation drive is impacting their business.
With their scale and abilities PayU will provide Citrus Pay a completely new platform, says Citrus MD Amrish Rau after PayU took over Citrus in the largest all-cash deal in the Indian financial technology space.