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.
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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.
Mon, Jul 22, 2024
Earlier, the company approved the 100 per cent acquisition of Dubai-based Grenew DMCC.
Tue, Jun 07, 2022
"At ARTH, we are trying to bring this refreshing change in financial services approach to being a proactive financing partner to the Micro MSME," Shweta Aprameya, Founder of ARTH, said.
Sun, Apr 24, 2022
Prime Minister Narendra Modi on Sunday said small online payments are helping build a big digital economy, and many new fintech startups are coming up.
Fri, Apr 22, 2022
“Fincluvation is a step in this direction, an Industry first initiative to create a powerful platform to mobilize the start-up community towards building meaningful financial products aimed at financial inclusion."
Thu, Mar 10, 2022
Ebixcash Ltd, the Indian subsidiary of Nasdaq listed Ebix Inc, has filed preliminary papers with capital markets regulator Sebi to raise Rs 6,000 crore through an initial public offering.
Thu, Mar 03, 2022
Ashneer Grover, who quit fintech platform BharatPe he co-founded amid serious allegations of financial wrongdoings against him and his wife, has hit back at the Board of the company, saying he is "appalled at the personal nature of the BharatPe Board's statement, but not surprised".
Wed, Mar 02, 2022
Fintech firm BharatPe on Wednesday said it has removed Co-Founder Ashneer Grover from all positions at the company.
"Many key fintech themes are changing the composition of the economy."
Tue, Mar 01, 2022
After losing a legal battle with BharatPe, Ashneer Grover resigns today with an emotionally charged resignation letter addressed to the board members of the fintech firm.
The BharatPe Co-founder and Managing Director Ashneer Grover has resigned from the fintech platform on March 1, 2022, following an intense legal battle with the Board of Directors.
Fri, Feb 25, 2022
Consumer neo-banking platform Niyo has raised USD 100 million (about Rs 750 crore) from a group of private equity firms led by Accel and Lightrock India, the company said on Thursday
Thu, Feb 24, 2022
Loyalty management solutions provider Giift has invested USD 30 million, about Rs 225 crore, for buying significant but undisclosed stake in fintech firm Xoxoday, the company said Wednesday
Thu, Jan 20, 2022
Japan's MUFG Innovation Partners and existing investors Tiger Global and Better Capital also participated in the funding round, a statement said, adding that the company has now raised USD 100 million in a year
Wed, Jan 19, 2022
BharatPe MD Ashneer Grover informed the Board of the fintech platform about his decision to proceed on leave earlier in the day.
Sat, Jan 08, 2022
CASHe has disbursed over Rs 1,000 cr worth of loans in 9 months of this fiscal year alone and is all set to disburse over 1400 crores in FY 21-22, thereby growing by over 100 percent over its previous year, a company statement claimed
Sun, Dec 26, 2021
Fintech Kinara Capital has launched myKinara mobile app to cater to unsecured loans for the MSME sector. The app comes with a 3-step process and is available on Google Play Store,
Sat, Dec 25, 2021
India needs to create high number of nanopreneurs to build trust amongst rural citizens for fintechs and their digital offerings by busting the myths and misperceptions attached to these offerings, Dilip Modi, Founder, Spice Money said
Fri, Dec 24, 2021
Financial technology platform iCapital Network said on Thursday it had fetched a valuation of more than $6 billion after raising $50 million in a funding round led by private equity firm WestCap.
Thu, Dec 23, 2021
Leading fintech startup Khatabook on Thursday announced that it is planning to double its employee base in the upcoming year.
Mon, Dec 20, 2021
Razorpay has raised USD 375 million (about Rs 2,850 crore) in fresh funding from Lone Pine Capital and others at a valuation of USD 7.5 billion, which has more than doubled since the fintech major's last funding round in April this year, its co-founder and CEO Harshil Mathur said.
Thu, Dec 09, 2021
Currently, the digitization of banks, mobile payments, digital currencies, online mutual fund investments and others have given rise to fintech innovation.
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