Fintech

3one4 Capital books 90 percent and 65 percent IRR exits from KukuFM and Raise

The venture firm has secured two significant liquidity events across its consumer-internet and fintech bets, driven by sharp valuation upticks, faster revenue expansion and improved unit economics at both companies.

Why did Groww's Q2 net profit rise when income from operations declined?

Groww’s red herring prospectus disclosed that the company had paid a total of Rs 614 crore one-time incentives to founders during the last fiscal

Paytm recovers its lost UPI base after 2 years, transaction volume hits new record in October

Even though Paytm's latest quarterly revenue is below its FY 24 December quarter, the reduction in expenditure and rising merchant subscriptions have helped the company post a net profit for two consecutive quarters

Yubi raises Rs 411 crore in debt and equity capital, founder Gaurav Kumar invests Rs 75 crore

With this new equity infusion by the founder, Kumar’s equity investment in the company has crossed Rs 330 crore. In August 2024, Kumar had infused Rs 250 crore in Yubi

Digital gold players to form self-regulatory organisation by Nov-end after SEBI caution

The investment in digital gold by Indians is estimated to be around Rs 55,000 crore, backed by physical gold kept in vaults managed by companies like MMTC, SafeGold and Brink’s

Dhanteras brings sparkle to digital gold sales, surge by 62% in October

The sale of digital gold through online platforms has been steadily rising all year, going up from Rs 762 crore in January this year to Rs 2,290 crore in October

FASTag annual pass contributes to 12% of National Highway trips within 3 months of launch

Launched on August 15, the annual pass worth Rs 3,000 gives customers toll-free access up to 200 trips through National Highways in a year, translating into Rs 15 per toll passing, considerably cheaper than the regular fares.

Jupiter’s Jitendra Gupta to double investment as fintech extends total round size to $25 million

The round is being extended by $10-11 million just weeks after Jupiter announced a $15 million round. About half of the fresh capital will come from founder and CEO Jitendra Gupta, sources told Moneycontrol.

Groww’s measured pricing delivers a listing-day boost, up 31% from IPO price

Groww seemed like a company that was valued almost at par with peers, and the premium was attributed to operational metrics, rather than technology

Ahead of Wednesday’s public listing, Groww reverses active investor decline after 9 months

The Rs 6,632-crore initial public offering (IPO) received strong investor response, subscribing 17.60 times overall. The company raised Rs 2,984 crore from anchor investors

Putting most digital payments through single rail could pose systemic risks, Mastercard’s Gautam Aggarwal

RBI is probably the most advanced regulator, primarily because we have found that right balance of data sovereignty, nationalist pride, still allowing international players to co-exist, he adds

Fintech firm Slice Small Finance Bank enters merchant payments and lending to take on Paytm, PhonePe

The fintech holds a slight advantage over its competitors as it is a bank that can take deposits from the public, and hence the cost of funds is lower for the company and boosting the margins

Fintech firm Slice Small Finance Bank turns profitable, reports Rs 7 cr net in H1 FY26

One of the key reasons behind the improving financials was the falling cost of funds, as Slice could now receive deposits from the public, which is cheaper than loans from other financial institutions

RuPay hits 18% credit card market share in October, thanks to UPI

The high growth has been aided by a flurry of UPI payments-focused fintech apps launching Rupay credit cards for offline merchant transactions

Pine Labs IPO: Should investors bet on it?

The company is a high-quality play on India’s accelerating digital-commerce infrastructure story

Kotak Securities waives API fees, launches AI Tool 'Neome'

Zero-cost APIs for algo trading and the upcoming AI research tool 'Neome' is expected to help the bank-backed brokerage firm to stabilise in a broking industry that has seen a decline in active investors during past year

People mistake us for a PoS-only company, they're missing the full picture, says Pine Labs CEO Amrish Rau

Pine Labs has four equally important verticals, with prepaid business contributing to around 30 percent of the topline, Rau tells Moneycontrol

Fintechs worried as new customer consent flow for accessing mutual fund portfolio to increase cost, friction

Cumbersome new process involves OTP and QR code upload, replacing the earlier one-time consent.

Paytm to infuse up to Rs 2,250 crore into payments arm PPSL via rights issue

The move will strengthen PPSL’s capital base and support the transfer of Paytm’s offline merchant payments business, as required by new RBI rules.

MobiKwik Q2 net loss widens to Rs 28.6 crore, revenue down 7%

MobiKwik said its bottom line was affected by a one-time exceptional charge of Rs 11.8 crore, booked as a provision for a fraud incident of Rs 40.4 crore involving merchants in Haryana’s Nuh and Mewat districts. The charge did not impact revenue but reduced quarterly profit.