Neobanks

It is crucial to act swiftly if we wish to prevent a generation of young Indians from growing up with the mistaken assumption that neobanks inherently possess regulatory approval for their services

Up to 42% of new customers till date come at zero acquisition costs: Jupiter’s Jitendra Gupta

The neobank founder says for businesses such as neobanks and lending platforms to succeed and grow, apart from traditional core business fundamentals, customer acquisition costs needs to be capped and strategised better

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

Jupiter's losses increased to Rs 164 crore in FY22 from Rs 14 crore in FY21 as its employee benefit expenses tripled to Rs 68.6 crore from Rs 17.7 crore a year earlier, show regulatory filings

Age of fintechs: These financial intermediaries make life easier but there're caveats too

Innovative products and services being offered by the financial technology companies are disrupting the traditional methods of managing finances and spending

How Federal, Equitas Small Finance, RBL and SBM Bank India are riding the bank-fintech partnership wave

These banks are expanding their digital presence with a branch-lite, distribution heavy model. With a strong digital presence through fintechs, the banks are looking to serve the next set of digital customers.

Indian fintech: After record funding in 2021, what does 2022 hold?

Indian fintechs raised a record $9 billion in 2021, setting the tone for the funding and growth boom to continue in 2022. Experts believe continued collaboration between banks and fintechs will be crucial as neobanks and digital lending lead growth.

Will the RBI’s upcoming digital lending norms kill the BNPL and neobank party?

Curbing unchecked growth and eliminating illegal digital lending apps is the key focus for the RBI. Fintechs will be more answerable on how they use their data, and neobanks will be regulated too if these recommendations turn into guidelines.

This startup wants you to get a credit card and bank account even before you land in US

Zolve has seen 40,000 signups in its beta mode and is seeing interest from immigrants outside of India as well.