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  • As UPI grows leaps and bounds, transaction failures increase, too Oct 29, 2020 08:26 AM IST

    As UPI grows leaps and bounds, transaction failures increase, too

    Large banks which process almost all the UPI transactions in the country are facing issues managing the scale at which UPI volumes are growing, say sources, this has caused transaction failures to jump over the last few months.

  • Digital lender Rupeeredee’s CEO steps down Oct 21, 2020 01:20 PM IST

    Digital lender Rupeeredee’s CEO steps down

    Launched in September 2018, Rupeeredee helps customers source their loans online. It leverages digital Know Your Customer (KYC) norms and deep integration with lending partners to assist borrowers.

  • Mamaearth seeks Rs 2,000 crore valuation, Sequoia may invest more Oct 20, 2020 11:43 AM IST

    Mamaearth seeks Rs 2,000 crore valuation, Sequoia may invest more

    Mamaearth's valuation set to triple in barely a year, as the pandemic has boosted digital-first brands

  • Fintech lenders look at strengthening collections as stress builds up in the system Oct 15, 2020 08:05 AM IST

    Fintech lenders look at strengthening collections as stress builds up in the system

    An Alvarez and Marsal report seen by Moneycontrol talks about collection efficiency being lower among MSMEs and personal loans, with salaried consumers paying back on time more than self-employed consumers.

  • FLDG, once popular among fintech lenders, could haunt them as defaults loom Oct 14, 2020 11:55 AM IST

    FLDG, once popular among fintech lenders, could haunt them as defaults loom

    Fintech lenders offered the ‘First Loan Default Guarantee’ cover of around 5% to banks and NBFCs to encourage them to take loans on their books. With more than 10% of borrowers not repaying their loans after the moratorium ended, the fintech lenders fear they will have massive commitments towards banks

  • Razorpay raises Rs 731 crore in new funding round to become sixth Indian unicorn despite COVID-19 Oct 12, 2020 12:25 PM IST

    Razorpay raises Rs 731 crore in new funding round to become sixth Indian unicorn despite COVID-19

    This round values Razorpay at over $1 billion, making it the sixth Indian company to hit unicorn status this year – despite an overall subdued environment due to the COVID-19 pandemic

  • Exclusive: Kunal Shah’s Cred in talks to raise funds; aiming a valuation of nearly $800 million Oct 09, 2020 09:40 AM IST

    Exclusive: Kunal Shah’s Cred in talks to raise funds; aiming a valuation of nearly $800 million

    Cred was last valued at $450 million in August 2019 when it raised $120 million in Series A round.

  • Paytm sets up Rs 10-crore fund to support Indian app developers publishing mini apps on its platform Oct 08, 2020 03:28 PM IST

    Paytm sets up Rs 10-crore fund to support Indian app developers publishing mini apps on its platform

    Company founder Vijay Shekhar Sharma, along with a few large stakeholders of the startup world, wants to unshackle ‘digital India’ from the likes of Google. Our regulators should either get acquainted with technology businesses or hire lateral talent, says Gondia of Goqii.

  • UPI growth journey continues, IMPS and FASTag cross pre-COVID volumes: NPCI data Oct 01, 2020 02:43 PM IST

    UPI growth journey continues, IMPS and FASTag cross pre-COVID volumes: NPCI data

    As the country tries to limp back to some degree of normalcy, economic activity is showing slow signs of recovery. Digital payments across UPI, IMPS and FASTag are getting back to pre-COVID levels and gaining fast.

  • BharatPe goes all out lending to small businesses during COVID-19; aims to disburse Rs 1,000 cr in FY 20-21 Oct 01, 2020 01:03 PM IST

    BharatPe goes all out lending to small businesses during COVID-19; aims to disburse Rs 1,000 cr in FY 20-21

    At a time when traditional lenders have slowed down on their lending plans, fintech lenders like BharatPe have kept their taps on.

  • Zeta appoints Abhishek Sen as new COO Sep 29, 2020 12:39 PM IST

    Zeta appoints Abhishek Sen as new COO

    Abhishek Sen comes with years of experience at large firms like Myntra, Aon, SAP Labs, Britannia and others.

  • Investment startup smallcase raises $14 million from DSP, Sequoia and others Sep 28, 2020 02:07 PM IST

    Investment startup smallcase raises $14 million from DSP, Sequoia and others

    Founded in 2015 by Vasanth Kamath, Rohan Gupta and Anugrah Shrivastava, "smallcases" are model portfolios of stocks and exchange-traded funds created and managed by registered individuals and entities and are accessible to retail investors.

  • Pine Labs smart PoS device offers all apps in one device for small merchants Sep 23, 2020 01:03 PM IST

    Pine Labs smart PoS device offers all apps in one device for small merchants

    The payments company is trying to be the one stop shop in terms of payments, billing, invoicing, inventory management for small businesses

  • Explainer: How card payments via Google Pay work Sep 22, 2020 03:17 PM IST

    Explainer: How card payments via Google Pay work

    Customers of Axis Bank and SBI Card can now use their cards to transact via Google Pay. Others are also in talks with Google Pay to roll out the service. We break down how it works, what it means for customers and how Google will benefit.

  • With net profit of Rs 4.3 crore for FY20, digital lender RupeeRedee gets into the black Sep 22, 2020 01:14 PM IST

    With net profit of Rs 4.3 crore for FY20, digital lender RupeeRedee gets into the black

    Company tells Moneycontrol it has been unit-level positive since its inception in 2018, having processed around 1.5 lakh loans from 30 locations across India.

  • Dozee raises Rs 12.5 crore from Prime Venture Partners, others Sep 15, 2020 02:02 PM IST

    Dozee raises Rs 12.5 crore from Prime Venture Partners, others

    Dozee offers a contactless health-monitoring service. The Dozee app will constantly track the heartbeat of the user and analyse any sort of unnatural behaviour. The company will use the fresh capital to partner with more hospitals, and to expand its consumer base.

  • Investment startup Groww raises $30 million from YC Continuity, others Sep 10, 2020 07:39 AM IST

    Investment startup Groww raises $30 million from YC Continuity, others

    The Bengaluru-based platform wants to strengthen its tech, product and engineering segments . Part of the money will be utilised to power an educational initiative about financial markets across India. This is YC Continuity’s  first investment in India.

  • IIT Alumni Council to set up 6 research centres for startups Sep 04, 2020 06:42 PM IST

    IIT Alumni Council to set up 6 research centres for startups

    Domain experts and venture capitalists from the council will be the mentors and guides to help reach commercialisation goals, it added.

  • CRED CEO Kunal Shah: Most second-time entrepreneurs target top 40 million customers Sep 04, 2020 02:05 PM IST

    CRED CEO Kunal Shah: Most second-time entrepreneurs target top 40 million customers

    It is hard to monetise a business that caters to everyone, Kunal Shah says, adding Chinese are leagues ahead of Indians—per capita income of urban China is far higher. While 90% of the urban Chinese women work, in India, the number is just 10%.

  • How a loan rejection created a $300-million gold-loan startup Sep 04, 2020 01:36 PM IST

    How a loan rejection created a $300-million gold-loan startup

    Rupeek now disburses Rs 250 crore a month from Rs 20 crore a year and a half ago. CEO Sumit Maniyar now has a target of Rs 1,000 crore a month in less than a year. The Bengaluru-based firm, worth $300 million, is present in 20 cities.

  • Zomato raises Rs 456 crore from Temasek's MacRitchie Investments Sep 02, 2020 04:12 PM IST

    Zomato raises Rs 456 crore from Temasek's MacRitchie Investments

    Zomato Fundraising: MacRitchie Investments is an indirectly owned subsidiary of Singapore- based Temasek Holdings.

  • All about bank charges on UPI transactions Aug 31, 2020 11:02 AM IST

    All about bank charges on UPI transactions

    Banks now appear to be cashing in on the digital payments wave

  • EXCLUSIVE | Coronavirus a minor irritant, funds continue to flow for fintechs in 2020: Report Aug 14, 2020 03:56 PM IST

    EXCLUSIVE | Coronavirus a minor irritant, funds continue to flow for fintechs in 2020: Report

    Indian fintechs raised $1.3 billion through 91 deals in the first half of 2020 against $831 million through 73 deals in the same period last year.

  • Exclusive | COVID has hurtled India two-three years forward in its digital evolution: Norwest India’s Niren Shah Aug 13, 2020 03:57 PM IST

    Exclusive | COVID has hurtled India two-three years forward in its digital evolution: Norwest India’s Niren Shah

    Shah says while the company may close more deals in India that is not the key metric. Good exits are what drive Norwest Venture Partners' performance.

  • Indians concerned about security of data shared with banks, retailers, survey finds Aug 10, 2020 02:30 PM IST

    Indians concerned about security of data shared with banks, retailers, survey finds

    The study revealed that 73 percent respondents were willing to share health record data with insurance companies for recommendations on addressing potential medical issues, while 72 percent were willing to share data with government agencies to expedite access to services such as driver’s licence and government benefits.

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