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  • DotPe raises $58 million in Series B, to expand into B2B financial services Sep 19, 2022 12:53 PM IST

    DotPe raises $58 million in Series B, to expand into B2B financial services

    The company plans to use the proceeds of the fundraise to grow its merchant base three times in the next two to three years

  • Jupiter forays into mutual fund investments with no-penalty SIP Aug 10, 2022 12:31 PM IST

    Jupiter forays into mutual fund investments with no-penalty SIP

    In the last 10 days, Jupiter said it has onboarded about 25,000 who have invested in direct mutual funds.

  • PE firm Multiples invests $30 million in neobanking platform Niyo Jul 19, 2022 05:55 PM IST

    PE firm Multiples invests $30 million in neobanking platform Niyo

    Niyo will use the funds to expand its product offerings by adding more consumer-focused products such as credit cards, remittances, loans, etc

  • Exclusive | Niyo in talks to raise $100-150 million, to also acquire lending platform Smartcoin Jun 20, 2022 10:11 AM IST

    Exclusive | Niyo in talks to raise $100-150 million, to also acquire lending platform Smartcoin

    The planned fundraise is said to fetch the company a valuation of $500 million and is likely to be led by private equity firm Multiples.

  • RBI Annual Report | Regulations key for fintech, involvement of Big Techs in the segment brings systemic risks May 27, 2022 12:38 PM IST

    RBI Annual Report | Regulations key for fintech, involvement of Big Techs in the segment brings systemic risks

    In FY23, the RBI said that it will explore a policy framework for digital banking, fintech and Big Techs, besides the phased implementation of the Central Bank Digital Currency (CBDC).

  • Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn May 10, 2022 06:23 AM IST

    Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn

    The sale of employee shares will be done at a 15 percent lower price than the company's preference shares.

  • Open becomes 100th unicorn of India, raises $50 million led by IIFL: Sources May 02, 2022 11:21 AM IST

    Open becomes 100th unicorn of India, raises $50 million led by IIFL: Sources

    Neobanking platform Open has raised $50 million at a valuation of $1 billon, doubling its valuation from $500 million during its last fundraise in October 2021.

  • Groww in talks with Federal Bank for neo-banking vertical Mar 17, 2022 12:08 PM IST

    Groww in talks with Federal Bank for neo-banking vertical

    If the integration goes through, Groww will be Federal Bank’s third bet in the neo-banking space, after Jupiter and Fi

  • Razorpay acquires Pune-based iZealiant Technologies to strengthen payment solutions to banks Mar 16, 2022 06:12 AM IST

    Razorpay acquires Pune-based iZealiant Technologies to strengthen payment solutions to banks

    IZealiant's offering ties in with Razorpay’s products in its banking solutions arm which provides payment solutions to partner banks and other financial institutions.

  • M2P Fintech raises $56 million in Series C1 round, valuation doubles to $600 million Jan 20, 2022 02:21 PM IST

    M2P Fintech raises $56 million in Series C1 round, valuation doubles to $600 million

    This is M2P Fintech's third round in less than a year and the largest till date. The company plans to invest in international expansion and acquisitions.