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    • Neobanking fintech FiMoney pivots to B2B, lays off staff in consumer business

      Most neobanks have struggled to monetise their customers meaningfully by providing a concierge banking service

    • Neobanks diversify into cards, payments, investment businesses amid struggle to offer core banking services

      Without a differentiated product, neobanks have taken the route of other fintechs, such as cards, lending and investments, leaving them to play in a crowded market with specialists

    • Building a neobank is the toughest thing, says Jupiter’s Jitendra Gupta

      "Banking is the most relationship-driven offering towards the consumer, and that's how we got into neobanking as a sector," he said. However, he admitted that taking this route hasn’t been easy.

    • Neobank Open reduces losses to Rs 170 crore in FY24, but faces revenue challenges amid cost cuts

      The narrowing of losses came alongside a 17 percent decline in operational revenue, which fell to Rs 24.81 crore from Rs 29.9 crore in the previous fiscal year.

    • Revolut’s India grand plans still on shelf three years on

      Europe’s largest neobank, which entered India in 2021 with plans to launch a financial super app, is now looking to offer a travel card in April.

    • Neobank Jupiter raises Rs 100 crore in venture debt from Alteria Capital

    • Tiger Global-backed neobank Jupiter, valued at $710 million, earns Rs 40 lakh from operations in FY22

    • Niyo raises $100 million led by Accel, Lightrock; to focus on lending next

    • Neobank Kaleidofin raises Rs 74 cr in Series B funding led by Michael & Susan Dell Foundation

    • TVS Capital Funds to lead next round in Google-backed Open at a valuation of $1 billion

    • Neobank Jupiter raises $86 mn in Series C round, valuation jumps to $710 mn

    • Razorpay raises $375 mn, valuation vaults from $1 bn to $7.5 bn in 14 months

    • Razorpay eyes $90 billion in Total Payment Volumes for 2022, crosses $50 billion milestone

    • Neobanks to seek clarity from Niti Aayog on digital banking licence suggestions

    • Neobank Fi raises $50 million in round led by B Capital, Falcon Edge Capital

    • Neobank Jupiter opens up platform for more users, to look at lending next

    • Exclusive: Neobank Fi aims for $200-million valuation in new funding round

    • Neo bank Open raises $100 million led by Google, Temasek, Visa, and Japan’s SoftBank Investments

    • Jitendra Gupta’s neobank Jupiter wants to be Swiggy for banking: Will it work?

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