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May 26, 2023 11:55 AM IST This comes after the Delhi High Court on May 16 had remarked that if Grover and BharatPe had both decided to enter the gutter, they should remain there, referring to the disrespectful language used by the parties towards each other.
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May 25, 2023 01:16 PM IST Global fintech VC firm QED Investors, which backs Jupiter and OneCard, said that it is betting big on the India consumer story for the long term. India, according to Sandeep Patil, is a growth hotspot, given the headline GDP growth rate, and it’s the fastest-growing large economy in the world.
- May 24, 2023 03:20 PM IST
Account Aggregator is a door opener for financial inclusion, but misuse of data and predatory practices need to be guarded against, Nageswaran said.
- May 30, 2023 11:46 AM IST
PB Fintech has done a much better job of turning the corner on profitability, in part because of its business model. Zomato, on the other hand, stuck in a line of business seeing increasing competition, is still bleeding
- May 22, 2023 12:15 PM IST
In January, PhonePe announced raising $1 billion in tranches at a valuation of $12 billion. Since then, the fintech unicorn has raised $550 million from General Atlantic, $100 million from Tiger Global Management, Ribbit Capital and TVS Capital, and $200 million from its largest shareholder--Walmart.
- May 17, 2023 08:20 PM IST
After the central bank tightened its digital lending guidelines in September, fintech companies have started to acquire small NBFCs or seek NBFC licences.
- May 17, 2023 11:34 AM IST
The offline stores are expected to come up in various towns and cities in Karnataka by the end of FY24. KreditBee will also hire industry leaders with expertise in offline lending to lead this business vertical.
- May 15, 2023 10:48 AM IST
Niyo’s travel tech platform will essentially cover the entire spectrum around travel, where users can apply for visas and book travel experiences, concierge services, tour packages, travel insurance, and the like.
- May 12, 2023 11:19 AM IST
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.
- May 09, 2023 09:41 AM IST
While a reverse flip to India is a costly affair, Razorpay will be able to manage the same with its available funding, Sources told Moneycontrol. PhonePe's which recently domiciled to India from Singapore said that its investors had to cough up almost Rs 8,000 crore in taxes.
- May 09, 2023 07:55 AM IST
As a Silicon Valley incubator-backed startup, Razorpay had to domicile itself in the US in order to raise funds from Y Combinator. Payment services are offered by Razorpay to merchants.
- May 05, 2023 03:17 PM IST
AuroPay will be able to commence its payment aggregator business upon receiving the final Certificate of Authorization from RBI
- May 04, 2023 10:43 AM IST
Getvantage, which claims to be the first and only revenue-based financing and alternative funding platform in India to get an NBFC licence, says it will run lending operations through GetGrowth Capital, its shadow bank arm
- May 03, 2023 07:47 AM IST
Meesho and Dealshare have slashed cloud costs by as much as 50 percent, according to UnearthInsight’s data
- May 01, 2023 01:55 PM IST
Speaking to reporters, Vaghul suggested that the capital needed for economic growth will come from the public, which is keen to invest in a lender which is run professionally.
- May 01, 2023 07:48 AM IST
India and Russia will explore the possibility of accepting RuPay and Mir cards in each other's country for hassle-free payments amid ..
- April 27, 2023 11:12 PM IST
In August, Google had stated that it had blocked 2,000 personal loan providers from its app marketplace in India from January 2022 to July 2022.
- April 27, 2023 02:21 PM IST
Razorpay is the second large fintech startup that has joined the ONDC this month, after Walmart-owned PhonePe went live on the open network in April. Noida-based Paytm was among the first few companies that went live on the ONDC.
- April 26, 2023 10:34 AM IST
Jupiter's founder Jitendra Gupta said the startup will be infusing an equity of Rs 100 crore for developing the NBFC business and is looking to raise another Rs 100 crore of loan from banks
- April 24, 2023 01:53 PM IST
Their high-touch model may be useful in increasing the penetration of complex financial products like insurance, pension and mutual funds that apps cannot do
- April 22, 2023 07:37 AM IST
Some experts also suggested that when fintech companies hire a veteran banker, a certain goodwill also comes along.
- April 20, 2023 04:26 PM IST
As a part of scale-up and profitability, Open said in the statement that it will continue the efforts to make a highly performance-oriented effective organization fit for scale, the statement said.
- April 20, 2023 01:27 PM IST
Last year, Clear began offering solutions for customers to manage their cryptocurrency portfolio and taxes after the government announced a hefty 30% tax rate and 1% TDS for gains and transfers of virtual digital assets.
- April 19, 2023 03:22 PM IST
DLAI, which presently has around 90 digital lending firms as its members, has also Inducted Alok Prasad and Meena Hemchandra as Governance Council members.
- April 19, 2023 02:14 PM IST
Tide, the UK's leading SME-focused business financial platform, has onboarded 50,000 SMEs since its entry in India in December 2022, a company statement said.
