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Fintech

India's fintech startups grow fivefold in last three years: Report

India's fintech startups grow fivefold in last three years: Report

Wed, Sep 04, 2024

The report said that the estimated combined value of all fintech companies in India is around $125 billion. The estimated income of all these companies in FY23 was around $20 billion. This was 5 per cent of the total revenue of all banks, financial services and insurance (BFSI) companies in the country.

India has prominent role in rule-making for fintech solutions, DPI: Dammu Ravi

India has prominent role in rule-making for fintech solutions, DPI: Dammu Ravi

Wed, Aug 28, 2024

India is poised to transition from a "rule-taker" to a "rule-maker" in fintech solutions and digital public infrastructure (DPI), according to Dammu Ravi, Secretary (Economic Relations) at the Ministry of External Affairs.

Quicktouch expands footprint in fintech, payment aggregation

Quicktouch expands footprint in fintech, payment aggregation

Mon, Jul 22, 2024

Earlier, the company approved the 100 per cent acquisition of Dubai-based Grenew DMCC.

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3,085 recognised startups engaged in fintech sector: Government in Parliament

3,085 recognised startups engaged in fintech sector: Government in Parliament

Mon, Aug 07, 2023

As many as 3,085 recognised startups are engaged in the finance technology (fintech) sector till April 2023, the Parliament was informed on Monday.

Fintech: Things to remember when taking loans from digital lending apps

Fintech: Things to remember when taking loans from digital lending apps

Sat, Aug 05, 2023

As the fintech firms and banking institutions are competing to provide a more seamless and convenient loan approval process, availing loans though apps have become easy these days. While availing loans through apps or websites it is important to take precautions to avoid scams.

Fintech firm continues to expand globally; aims to develop new capabilities using AI, other cutting-edge technologies

Fintech firm continues to expand globally; aims to develop new capabilities using AI, other cutting-edge technologies

Thu, May 11, 2023

Greenlight teaches kids and teens how to earn, save, spend wisely, invest, and more. Parents can send money instantly, automate allowance, manage chores, and set flexible spending controls.

Ugro Capital to raise Rs 340 cr in equity capital

Ugro Capital to raise Rs 340 cr in equity capital

Tue, Apr 11, 2023

The company has already entered into a definitive investment agreement with IFU, a Denmark government-owned fund offering risk capital to companies in developing countries and emerging markets.

Fintech firm Mintifi gets $110M funding led by PremjiInvest; IFC, others also take part

Fintech firm Mintifi gets $110M funding led by PremjiInvest; IFC, others also take part

Thu, Mar 09, 2023

The other investors who participated in the round include Norwest Venture Partners, Elevation Capital and International Finance Corporation (IFC). They are also the existing investors in the company which has raised Rs 1,200 crore in equity financing till date.

Fintech sector is catalysing India's growth story among unbanked population

Fintech sector is catalysing India's growth story among unbanked population

Wed, Mar 01, 2023

Research shows that only 10 per cent of the Indian population is aware of fintech products at the moment.

Fintech player Zaggle files IPO papers with Sebi to mobilise funds via IPO

Fintech player Zaggle files IPO papers with Sebi to mobilise funds via IPO

Tue, Dec 20, 2022

Proceeds from the fresh issue would be utilised towards customer acquisition and retention, development of technology and products, payment of debt and for general corporate purposes.

India Tech 2022 Report: Detailed overview of Indian startup ecosystem, fundraising landscape, acquisitions, IPOs and more

India Tech 2022 Report: Detailed overview of Indian startup ecosystem, fundraising landscape, acquisitions, IPOs and more

Tue, Dec 13, 2022

This year saw enterprise applications, fintech and retail emerge as the top performing sectors in terms of funding.

Fintechs replacing banks a misconception; CBDC experience so far comforting

Fintechs replacing banks a misconception; CBDC experience so far comforting

Sun, Dec 04, 2022

"It's a misconception to view Fintech entities as a possible replacement to banks," Reserve Bank Deputy Governor T Rabi Sankar said, stressing that these modern age enterprises facilitate banking and are not a competition to banks in anyway.

Why disruption in gold finance segment is inevitable? Analyst decodes – believes sector's long-term story intact

Why disruption in gold finance segment is inevitable? Analyst decodes – believes sector's long-term story intact

Tue, Nov 29, 2022

Gold Financing, Muthoot Finance, Manappuram Finance, IIFL: Specialised gold finance NBFCs find themselves in the eye of a storm, as banks, fintech and other NBFCs like IIFL Finance have turned aggressive in the gold financing space

India's fintech market estimated to be $150 billion by 2025: PaySprint CEO

India's fintech market estimated to be $150 billion by 2025: PaySprint CEO

Sun, Oct 16, 2022

"The Indian fintech market has received $29 billion in funding across 2,084 deals to date (January 2017-July 2022), gaining 14% share of the global funding and ranking #2 on the deal volume," CEO of PaySprint S Anand informed.

Razorpay acquires startup PoshVine to foray into loyalty, rewards management market

Razorpay acquires startup PoshVine to foray into loyalty, rewards management market

Wed, Sep 28, 2022

Since 2016, PoshVine has been offering its loyalty-as-a-service product to over 20 banks and networks such as SBI Card, HDFC Bank, IDFC FIRST Bank, AU Bank, DBS, Visa and Amex across India and SEA (South East Asia).

No sure-fire way to regulate fintech sector, onus on operators to act in balanced way: RBI executive director

No sure-fire way to regulate fintech sector, onus on operators to act in balanced way: RBI executive director

Thu, Sep 22, 2022

Reserve Bank Executive Director Ajay Choudhary on Thursday said there is no "sure-fire way" to regulate fintech players, and made it clear that the onus is on such entities to operate in a balanced way.

IPO-bound MobiKwik's total income rises 80% in FY22

IPO-bound MobiKwik's total income rises 80% in FY22

Mon, Sep 05, 2022

"The most significant milestone was turning EBITDA (earnings before interest, taxes, depreciation, and amortisation) profitable in the second half, a rarity in the tech world which reflects our ethos of remaining at the forefront of fintech innovation, growing rapidly but with capital efficiency.

How fintech sector revolutionalising financial services - PayMe India CEO Mahesh Shukla explains

How fintech sector revolutionalising financial services - PayMe India CEO Mahesh Shukla explains

Thu, Sep 01, 2022

Fintech industry in India has been a major contributor towards the overall growth of the economy.

BharatPe expands footprint to 400 cities, hits $20 billion in annualised total payments value

BharatPe expands footprint to 400 cities, hits $20 billion in annualised total payments value

Fri, Aug 26, 2022

The company said it facilitated disbursals to over 1.2 lakh merchants in Q1 FY23, up from 66,000 merchants in the last quarter of FY22.

Rural MSMEs in urgent need of funding, says MSME Export Promotion Council

Rural MSMEs in urgent need of funding, says MSME Export Promotion Council

Sun, Aug 14, 2022

"There is an urgent need for developing alternative sources of funding to solve availability of timely, competitive credit," MSMEEPC chairman D S Rawat told PTI.

Sebi internship programme date extended: Get a chance to work with market regulator; know eligibility and how to apply

Sebi internship programme date extended: Get a chance to work with market regulator; know eligibility and how to apply

Tue, Aug 02, 2022

The internship programme has been proposed for a contiguous period of a minimum of 1 year, which may comprise either 2 semesters and 1 summer or winter internship period or 3 trimesters and 1 summer or winter internship period.

Big tech firms offering financial services pose risk to financial stability: RBI

Big tech firms offering financial services pose risk to financial stability: RBI

Fri, Jul 01, 2022

Big tech companies offering financial services pose risk to financial stability as their complex intertwined operational linkages with financial institutions could lead to contagion effect and potential anti-competitive behaviour, the RBI has said.

Fintech's halt PPI loan, buy now pay later services as RBI restrictions posing challenges

Fintech's halt PPI loan, buy now pay later services as RBI restrictions posing challenges

Fri, Jun 24, 2022

Reserve Bank of India’s (RBI) restrictions on fintech companies providing credit through prepaid instruments is having an impact on their businesses. Several companies have halted transactions on their platforms for the customers. Zee Business’ Anurag Shah brings this report

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