BharatPe acquires 51% stake in Trillion Loans
May 03, 2023, at 11:37 pm
Mumbai/IBNS: Fintech group BharatPe Wednesday said it has completed its acquisition of a majority stake in Trillion Loans, a renowned NBFC (Non-Banking Financial Company) based out of Mumbai. The deal was completed in the month of April.
KFintech to invest in FPSIPL to enter Account Aggregator business
Feb 25, 2023, at 01:59 am
Mumbai/IBNS: KFin Technologies Ltd Friday said it will invest in Fintech Products and Solutions India Private Limited (FPSIPL), a Technology Service Provider (TSP), a statement said.
PhonePe raises $350 mn fund from General Atlantic
Jan 20, 2023, at 03:35 am
Bengaluru/IBNS: Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion.
Suhail Sameer resigns as BharatPe CEO
Jan 04, 2023, at 01:44 am
New Delhi: BharatPe CEO Suhail Sameer has stepped down from his post and will work as the strategic adviser to the company.
HDFC bank acquires minority stake in fintech firm Mintoak
Dec 15, 2022, at 08:06 am
Mumbai/IBNS: India’s one of the largest private sector lenders HDFC Bank acquired a minority stake in fintech startup Mintoak, the bank said in a regulatory filing on Wednesday.
Nov 27, 2022, at 08:51 pm
Mumbai/IBNS: Paytm on Saturday informed the bourses that the Reserve Bank of India has ordered its subsidiary Paytm Payment Services Ltd (PPSL) not to onboard new online merchants, reported media.
Axis Bank and PayNearby partner to launch bank accounts for last mile users at a nearby store
Sep 08, 2022, at 12:19 am
Axis Bank, India’s third largest private sector lender, has partnered with PayNearby, the country's largest branchless banking and digital service network, to offer the seamless opening of savings and current bank accounts for both last-mile retailers and customers, a joint press release by the companies said.
FIS to launch a Central Bank Digital Currencies (CBDCs) Virtual Lab in India and other nations
Aug 26, 2022, at 09:28 pm
Kolkata: American fintech company FIS (NYSE: FIS) has launched its new central infrastructure payment solution, RealNet Central, to help central banks transform their markets into digital-first, real-time payment economies.
YES Bank and IBSFINtech tie up to provide enhanced digital services for corporate clients
Aug 11, 2022, at 01:25 am
YES Bank and TreasuryTech Solution provider IBSFINtech have partnered up to explore untapped opportunities emerging out of the digitization of corporate finance.
Non-banks can't load credit lines into prepaid credit instruments, RBI tells fintechs: Report
Jun 21, 2022, at 04:36 am
The Reserve Bank of India (RBI) on Monday issued a clarification on Prepaid Payment Instruments (PPIs) such as wallets and prepaid cards, stating that they cannot offer credit lines through these instruments, media reports said.
Dec 31, 2021, at 11:26 pm
Kolkata/IBNS: Fintech companies can bring efficient onboarding of customers and offer seamless collection support at a negligible cost at the last mile touchpoints, stated Ketan Doshi, Managing Director of PayPoint India, at the recently held 8th ASSOCHAM National E-Summit on the NBFC sector.
Kotak Mahindra Bank launches Fintech Hackathon for gen-next
Nov 23, 2021, at 08:29 pm
Kolkata/IBNS: Kotak Mahindra Bank Limited (KMBL) Monday launched their inaugural edition of a pan-India fintech hackathon- “Reign: REImaGiNe the way we bank!” targeting participation from undergraduate Indian engineering students.
India continues to lead in fintech investments, says S&P Global
Nov 18, 2021, at 06:21 am
New Delhi/IBNS: India has continued to top fintech investments in the Asia-Pacific region with $1.93 billion raised across 66 deals in the July-September quarter, according to S&P Global Market Intelligence.
FloBiz monthly active users jumps 250%; targets 7X growth by next year
Aug 20, 2021, at 08:21 pm
Bengaluru/IBNS: FinTech startup FloBiz is witnessing 250% growth in monthly active users and aims to achieve 7X growth by 2022, the company said.
BharatPe in unicorn club, valuation crosses $2.85 billion
Aug 05, 2021, at 06:44 am
New Delhi/IBNS: Fintech startup BharatPe said Wednesday that it has raised $350 million after which its post-money valuation shot up to $2.85 billion.
SEBI invites application for internship in data analytics, FinTech
Mar 23, 2021, at 02:02 am
Mumbai/IBNS: Market regulator SEBI has invited applications for internships in its information technology department (ITD) offering opportunity to work on data analytics and FinTech.
SEBI forms committee for advanced financial and regulatory technology : Report
Jul 23, 2020, at 06:59 am
Mumbai/IBNS: In a bid to enhance its analytical capabilities using advanced tools, the Securities Exchange Board of India (SEBI) has formed a high level committee to examine financial and regulatory technology, a media report said.
FlexiLoans.com among the top 100 global FinTech innovators' list by KPMG and H2 Ventures
Nov 21, 2019, at 06:46 pm
Mumbai/IBNS: Small business lender FlexiLoans has been ranked amongst ‘Emerging 50’ FinTechs, according to a report released by KPMG in collaboration with H2 Ventures.