Cred sells Happay to MakeMyTrip

Cred sells Happay to MakeMyTrip

18 Nov 2024, 06:33 PM

MakeMyTrip has signed a business transfer agreement to acquire Happay, which was previously acquired by Cred in a $180 million deal in 2021.

Prosus eyes PayU IPO in 2025 after Swiggy

Prosus eyes PayU IPO in 2025 after Swiggy's successful listing

14 Nov 2024, 03:36 PM

Prosus said in a statement that it had gained $2 billion on its investment in the food delivery and quick commerce firm.

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

13 Nov 2024, 10:56 AM

A source claims LazyPay recently received a letter from the RBI flagging issues in its customer onboarding process, but the company strongly denies receiving any such communication.

Delhi High Court quashes EOW FIR against Ashneer Grover, and his wife

Delhi High Court quashes EOW FIR against Ashneer Grover, and his wife

11 Nov 2024, 04:37 PM

As part of the September 30 settlement, BharatPe has withdrawn both civil and criminal complaint against Grover and his family.

Paytm receives regulator

Paytm receives regulator's approval to add new UPI users, after 10-month ban

23 Oct 2024, 02:54 PM

The onboarding process was suspended in February this year due to directives from the Reserve Bank of India (RBI).

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

17 Oct 2024, 09:20 PM

This action, according to the RBI, is based on material supervisory concerns observed in the Pricing Policy of these companies.

Inside the BharatPe-Ashneer Grover Settlement: Unveiling the Behind-the-Scenes Drama

Inside the BharatPe-Ashneer Grover Settlement: Unveiling the Behind-the-Scenes Drama

11 Oct 2024, 01:34 PM

And for those curious minds, The Head and Tale has learnt that the settlement wasn’t unanimous.

Wibmo CEO Suresh Rajagopalan resigns: sources [Exclusive]

Wibmo CEO Suresh Rajagopalan resigns: sources [Exclusive]

10 Oct 2024, 10:21 PM

Suresh Rajagopalan, chief executive officer of Wibmo, a PayU company, has resigned, according to sources.

[Exclusive] The End: Ashneer Grover reaches a settlement with BharatPe; sources

[Exclusive] The End: Ashneer Grover reaches a settlement with BharatPe; sources

30 Sep 2024, 07:26 AM

As part of the settlement, Grover is also returning shares to co-founder Bhavik Koladiya, resolving the share ownership dispute.

Ebix-owner Eraaya suspends chairman Robin Raina; initiates investigation

Ebix-owner Eraaya suspends chairman Robin Raina; initiates investigation

27 Sep 2024, 08:01 PM

Eraaya’s Board unanimously voted to investigate alleged financial irregularities and suspended Ebix chairman Robin Raina from all roles, pending inquiry.

PayU lays off close to 100 employees from credit team: sources

PayU lays off close to 100 employees from credit team: sources

27 Sep 2024, 09:09 AM

Of the total employees asked to leave, 30 were from its Gurugram office and the remaining from its Mumbai and Bengaluru teams.

WiseX Aurum in disarray as CEO resigns; employees

WiseX Aurum in disarray as CEO resigns; employees' future uncertain

26 Sep 2024, 06:23 PM

The development comes just over a year after Aurum Proptech acquired Myre Capital (which is now WiseX Aurum) in May 2023.

Pine Labs

Pine Labs' chief revenue officer quits: source

25 Sep 2024, 12:14 PM

Navnit Nakra – who previously served as OnePlus India CEO – joined the Noida-based payments company last year.

Blame Game Unfolds: Mobikwik, Lendbox at odds amid P2P lending mess

Blame Game Unfolds: Mobikwik, Lendbox at odds amid P2P lending mess

20 Sep 2024, 04:27 PM

More than a month after the RBI’s crackdown on peer-to-peer (P2P) lending, the Lendbox-MobiKwik partnership is showing cracks, with investors facing a lack of transparency.

Paytm’s regulatory affairs and policy head quits: sources

Paytm’s regulatory affairs and policy head quits: sources

16 Sep 2024, 03:20 PM

Srinivas Yanamandra, group head of regulatory affairs and policy, was asked to resign from Paytm, according to sources.

Exclusive: Amazon-backed Axio closing $20 million fundraise

Exclusive: Amazon-backed Axio closing $20 million fundraise

22 Aug 2024, 01:56 PM

The Bengaluru-based Axio (previously known as Capital Float) is close to securing $20 million in a new equity round.

RBI amends P2P lending guidelines

RBI amends P2P lending guidelines

16 Aug 2024, 06:57 PM

After observing some peer-to-peer lending platforms violating the RBI's guidelines, the central bank has announced modifications to the master directions of NBFC-P2P.

Hindenburg says SEBI chief Madhabi Puri Buch’s response confirms ‘massive conflict of interest’

Hindenburg says SEBI chief Madhabi Puri Buch’s response confirms ‘massive conflict of interest’

12 Aug 2024, 12:51 PM

The US-based short seller said Madhabi Buch's response "includes several important admissions" and "raises numerous new critical questions."

'Madhabi Puri Buch made relevant disclosures': Sebi on Hindenburg report

12 Aug 2024, 12:07 PM

Also, Madhabi Puri Buch and her husband Dhaval Buch, in a joint statement, described the Hindenbirg claims as "baseless allegations and insinuations" devoid of truth.

Sebi chief Madhabi Puri Buch had hidden stakes in Adani

Sebi chief Madhabi Puri Buch had hidden stakes in Adani's offshore funds: Hindenburg

11 Aug 2024, 12:15 AM

SEBI Chairperson and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested structure, used by Vinod Adani, the report said.

Fintech Hightlights

  1. Sachin Bansal's Navi overtakes Cred as fourth largest UPI player

  2. IndMoney's revenue from operations surges to Rs 70 crore in FY24

  3. Rural lending startup SarvaGram raises $67 million funding led by Peak XV

  4. Fintech, EV startups increasingly turning to venture debt in India: Lighthouse Canton report

  5. Unifi Asset Management receives Sebi nod to launch mutual fund business
  6. Read more highlights...

Editor's Pick

  1. [Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

  2. Inside the BharatPe-Ashneer Grover Settlement: Unveiling the Behind-the-Scenes Drama

  3. Inside Paytm: The power struggle between Vijay Shekhar Sharma and Bhavesh Gupta