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							<title>The Head and Tale</title>
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							<link>https://theheadandtale.com</link>
							<description>Uncovering the Power Structures Driving Fintech, AI, and Emerging Tech</description>
							<lastBuildDate>Thu, 21 May 2026 11:36:14 +0530</lastBuildDate>
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						<Articleid>21648</Articleid>
						<title><![CDATA[ANSCER Robotics bags Series A funding led by IAN Alpha Fund]]></title>
						<link><![CDATA[https://theheadandtale.com/ai-emerging-tech/anscer-robotics-bags-series-a-funding-led-by-ian-alpha-fund/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779343574_6c5e8d04f8_anscer_team.jpg]]></thumbimage>
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						<pubDate>Thu, 21 May 2026 11:36:14 +0530</pubDate>
						<modifiedDate>Thu, 21 May 2026 11:36:14 +0530</modifiedDate>
						<description><![CDATA[<p>ANSCER Robotics has raised $5.4 million (around Rs 45 crore) in a Series A funding round led by IAN Alpha Fund.
</p><p>The funding round also saw participation from Info Edge and other angel investors.
</p><p>The Bengaluru-based startup will use the fresh capital to strengthen its product platform, scale its US operations, and expand its partner ecosystem across global markets.
</p><p>ANSCER Robotics was co-founded in 2020 by Ribin Mathew, Ebin Sunny, Raghu V, and Raj Mohan. The company builds advanced AI-native automation platforms for factories and warehouses, designing and manufacturing autonomous mobile robots, intelligent fleet software, and next-generation industrial systems that help enterprises improve material movement, productivity, safety, and operational efficiency.
</p><p>Its platform combines intelligent mobility, advanced vision systems, Vision-Language Model (VLM) capabilities, and enterprise-grade software integration, with support for real-time analytics, contextual decision-making, and interoperability with customer-owned AI models.
</p><p>The company is also developing an open robotics infrastructure layer aligned with Model Context Protocol (MCP) principles, enabling enterprises to securely integrate their own AI agents and Large Language Models into robotic operations while retaining ownership of internal data.
</p><p class="rte-active-block">Other players in the space include AGILOX, Mobile Industrial Robots, Ati Motors and The Hi-Tech Robotic Systemz.
</p><p>According to a McKinsey & Company report, nearly 80% of warehouses globally still operate with little to no automation. Industries worldwide continue to face labour shortages, operational inefficiencies, and mounting pressure for faster and more resilient supply chains.</p><p>
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						<excerpt><![CDATA[The funding round also saw participation from Info Edge and other angel investors.

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						<tags>
						robotics,funding,anscer robotics,series a,ian alpha fund,info edge,angel investors,venture capital						</tags>
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						<Articleid>21590</Articleid>
						<title><![CDATA[Jumpp receives IRDAI approval to launch insurance distribution services]]></title>
						<link><![CDATA[https://theheadandtale.com/fintech-news/jumpp-receives-irdai-approval-to-launch-insurance-distribution-services/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779342070_1c066edb6f_jumpp_logo.jpg]]></thumbimage>
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						<pubDate>Thu, 21 May 2026 11:11:10 +0530</pubDate>
						<modifiedDate>Thu, 21 May 2026 11:11:10 +0530</modifiedDate>
						<description><![CDATA[<p>Conversational fintech platform Jumpp has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance products through its app.</p><p>The move expands Jumpp’s financial services portfolio as it looks to build a broader ecosystem covering investments, insurance protection and lending solutions within a single platform.
</p><p>Founded in 2025 by Sarvjeet Singh Virk, the AI-powered application allows users to manage banking, payments, savings, investments and borrowing services through one interface.
</p><p>The company is primarily focused on users in Tier 2 and Tier 3 cities, aiming to improve financial literacy and wealth creation through simplified and accessible financial tools. Jumpp has partnered with YES Bank for banking and BBPS-related services and also holds a TPAP licence from the National Payments Corporation of India (NPCI).
</p><p>Using the account aggregator framework, the app combines linked financial accounts into a unified dashboard, analyses user spending habits and provides personalised financial recommendations in regional languages.
</p><p class="rte-active-block">As part of its expansion plans, Jumpp intends to roll out insurance offerings across health, life, motor, home and business categories through partnerships with insurance companies.</p><p>
</p><p>
</p><p>
</p><p>
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</p>]]></description>
						<excerpt><![CDATA[Jumpp intends to roll out insurance offerings across health, life, motor, home and business categories through partnerships with insurance companies.]]></excerpt>
						<tags>
						jumpp,irdai,insurance,regulatory approval,new business,fintech,conversational ai						</tags>
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						<Articleid>21511</Articleid>
						<title><![CDATA[Skydo gets GIFT City PSP, RBI licences for cross-border payments push]]></title>
						<link><![CDATA[https://theheadandtale.com/fintech-news/skydo-gets-gift-city-psp-rbi-licences-for-cross-border-payments-push/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779274849_110958422e_skydo.jpg]]></thumbimage>
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						<pubDate>Wed, 20 May 2026 16:30:49 +0530</pubDate>
						<modifiedDate>Wed, 20 May 2026 16:30:49 +0530</modifiedDate>
						<description><![CDATA[<p>Skydo, a cross-border payments platform focused on Indian exporters and businesses, has secured in-principle approval to operate as a Payment Service Provider (PSP) at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC).
</p><p>The approval allows the company to strengthen its cross-border payments infrastructure with features such as multi-currency collections, e-money accounts, merchant acquisition and new international payment corridors for Indian businesses operating globally, it said in a statement.
</p><p class="rte-active-block">Skydo, which is backed by venture capital firms,  Elevation Capital and Susquehanna Asia Venture Capital, has also received regulatory clearance under the Reserve Bank of India’s Payment Aggregator-Cross Border (PA-CB) framework to support outward remittances, it added. Earlier this year, the company had secured final RBI authorisation for export-related payment collections.
</p><p>With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses. The platform will support payments from overseas clients as well as remittances to global vendors, software providers and partners through a compliant payment network.
</p><p>According to Srivatsan Sridhar, the approvals strengthen India’s push to create globally competitive financial infrastructure and will help MSMEs and digital-first businesses access smoother global payment corridors, better currency management and more efficient international transactions.
</p><p>Movin Jain said the combination of RBI and GIFT City frameworks offers fintech companies greater flexibility to build globally aligned payment products while helping Indian businesses scale internationally.
</p><p>Skydo currently serves more than 40,000 MSMEs, freelancers and startups across over 50 Indian cities and supports collections from more than 150 countries. The company processes over $850 million in annual payment volumes.</p><p>
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						<excerpt><![CDATA[With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses.]]></excerpt>
						<tags>
						skydo,fintech,cross border payment,payments,payment service provider,gift city,gujarat international finance tec-city,international financial services centre,rbi,reserve bank of india,regulatory approvals,regulator						</tags>
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						<Articleid>21507</Articleid>
						<title><![CDATA[Amagi Media Labs FY26 revenue from operations up 29% to Rs 1,505.6 crore]]></title>
						<link><![CDATA[https://theheadandtale.com/ai-emerging-tech/amagi-media-labs-fy26-revenue-from-operations-up-29--to-rs-1505-6-crore/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779271792_f0ac7a1cdd_amagi.jpg]]></thumbimage>
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						<pubDate>Wed, 20 May 2026 15:39:52 +0530</pubDate>
						<modifiedDate>Wed, 20 May 2026 15:41:25 +0530</modifiedDate>
						<description><![CDATA[<p>Amagi Media Labs' revenue from operations rose 29% to Rs 1,505.6 crore in the fiscal ended March 31, 2026, compared to Rs 1,162.6 crore in the previous financial year.
</p><p>The company, a cloud-native SaaS (Software-as-a-Service) company that provides cloud-managed video infrastructure for TV and OTT (Over-the-Top) streaming, clocked a net profit of Rs 71.7 crore during the fiscal, as compared to a  net loss of Rs 68.7 crore in FY25, filings with the stock exchanges show.
</p><p class="rte-active-block"><img src="https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779271872_amagigfxfy26.jpg"></p><p>Total expenses increased to Rs 1,482.9 crore during the financial year compared to Rs 1,274.8 crore reported in FY25. Employee benefits expenses rose to Rs 777.2 crore during the fiscal from Rs 694.8 crore in FY25.
</p><p>On a quarterly basis, Amagi clocked a 28.5% year-on-year increase in revenue from operations to Rs 397 crore in Q4 FY26 from Rs 308.9 crore in Q4 FY25.
</p><p>The Bengaluru-based company reported a net profit of Rs 34.3 crore in Q4 FY26 against a net loss of Rs 10.6 crore in the same quarter last year.
</p><p>Profit before tax for the full year stood at Rs 87.3 crore, compared to a loss of Rs 51.5 crore in FY25. Basic earnings per share for FY26 came in at Rs 3.44, against a loss per share of Rs 3.48 in the previous year.</p><p>
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						<excerpt><![CDATA[The company clocked a net profit of Rs 71.7 crore during the fiscal, as compared to a net loss of Rs 68.7 crore in FY25.]]></excerpt>
						<tags>
						amagi media labs,saas,ai-enabled,ai,fy26,financials,revenue from operations,net profit						</tags>
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						<Articleid>21504</Articleid>
						<title><![CDATA[Groww founders sell shares worth Rs 270 crore after lock-in ends]]></title>
						<link><![CDATA[https://theheadandtale.com/fintech-news/groww-founders-sell-shares-worth-rs-270-crore-after-lock-in-ends/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779257407_1bf3729ed6_groww_founders.jpg]]></thumbimage>
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						<pubDate>Wed, 20 May 2026 11:40:07 +0530</pubDate>
						<modifiedDate>Wed, 20 May 2026 11:40:55 +0530</modifiedDate>
						<description><![CDATA[<p>Groww founders and promoter group entities have sold shares worth around Rs 270 crore over the past week, following the end of the mandatory six-month lock-in period after its listing in November last year.</p><p>Between May 12 and May 19, founders Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, along with promoter-linked trusts, sold nearly 0.23% stake in the company. Golden Oak Trust made the biggest transaction by selling shares worth about Rs 132 crore.
</p><p>Individually, CEO Lalit Keshre sold shares worth Rs 18.6 crore, while Harsh Jain, Neeraj Singh, and Ishan Bansal also sold part of their holdings.
</p><p class="rte-active-block">Recently, several early backers of Groww also <a href="https://theheadandtale.com/fintech-news/peak-xv-ribbit-y-combinator-offload-4-7-stake-for-rs-5352-crore-in-groww-block-deal/" target="_blank" rel="noopener noreferrer">sold nearly 4.7% stake</a> in the company through bulk deals worth around Rs 5,352 crore after the lock-in period ended.</p><p>As per NSE data, close to 29.52 crore shares were traded at an average price of Rs 180.4 apiece. Investors involved in the transaction included Peak XV Partners, Ribbit Capital, YC Holdings, and other institutional shareholders.
</p><p>Groww shares, which was listed on the bourses, last year have performed strongly and are trading much higher than its listing price. 
</p><p>The Bengaluru-based company also reported strong financial growth in Q4 FY26, with revenue rising to Rs 1,535.5 crore from Rs 849.5 crore a year earlier, while profit after tax stood at Rs 686 crore.
</p><p>Groww currently leads India’s retail broking market with around 1.3 crore active users and a 28.48% market share as of April 2026, according to NSE data. The company competes with platforms such as Zerodha, Angel One, and Upstox.</p><p>
</p><p>
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						<excerpt><![CDATA[CEO Lalit Keshre sold shares worth Rs 18.6 crore, while Harsh Jain, Neeraj Singh, and Ishan Bansal also sold part of their holdings.]]></excerpt>
						<tags>
						groww,lalit keshre,groww founders,harsh jain,neeraj singh,ishan bansal,stock broking,wealthtech,fintech,listing,share sale						</tags>
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						<Articleid>21502</Articleid>
						<title><![CDATA[Trackk raises seed funding led by Lightspeed]]></title>
						<link><![CDATA[https://theheadandtale.com/fintech-news/trackk-raises-seed-funding-led-by-lightspeed/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779255177_d1fe6c272d_trackk.jpg]]></thumbimage>
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						<pubDate>Wed, 20 May 2026 11:02:57 +0530</pubDate>
						<modifiedDate>Wed, 20 May 2026 11:02:57 +0530</modifiedDate>
						<description><![CDATA[<p>Investment and stock broking platform Trackk has raised $3.7 million in a seed funding round led by Lightspeed.
</p><p class="rte-active-block">The round also saw participation from Info Edge Ventures. Angel investors including comedian Tanmay Bhatt, entrepreneur Varun Mayya, Unacademy cofounders Gaurav Munjal and Roman Saini, and television actor Gaurav Kapoor also joined the round.
</p><p>The Mumbai-based startup will use the fresh capital to strengthen its broking infrastructure, expand product capabilities, accelerate user acquisition, build new financial products, and support hiring.
</p><p>Trackk was founded in 2021 by Vedant Gupte, Siddharth Thakkar, and Aryan Jain. Gupte previously worked in fintech product roles, while Thakkar and Jain bring backgrounds in technology and engineering.
</p><p>The startup is an investment platform built for Gen Z, offering stock broking, futures and options trading, IPO investing, and portfolio tracking and rebalancing tools.
</p><p>It uses AI-led stock discovery and personalised investment journeys to make trading more accessible for first-time investors. The company claims nearly 90% of its users fall in the 20–24 age group.
</p><p>"With Trackk, we are building a platform that simplifies participation in financial markets for young Indians while making the overall investing journey far more intuitive and accessible," said cofounder Vedant Gupte.</p><p>The broader stock broking and wealth management space continues to attract investor interest. Trading platform <a href="https://theheadandtale.com/fintech-news/sahi-raises--33-million-in-series-b-funding-led-by-accel-growth/" target="_blank" rel="noopener noreferrer">Sahi raised $33 million</a>last month in a round led by Accel, with participation from Elevation Capital.</p><p>Dream Sports recently launched its own stock broking platform, Dream Street, while PB Fintech's subsidiary PB Marketing and Consulting received a stock broking licence from SEBI for the debt segment.</p><p>
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						<Articleid>21499</Articleid>
						<title><![CDATA[Oxyzo to buy GoldenPi]]></title>
						<link><![CDATA[https://theheadandtale.com/fintech-news/oxyzo-to-buy-goldenpi/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779254791_69f63c87fe_oxyzo_golden.jpg]]></thumbimage>
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						<pubDate>Wed, 20 May 2026 10:56:31 +0530</pubDate>
						<modifiedDate>Wed, 20 May 2026 10:56:31 +0530</modifiedDate>
						<description><![CDATA[<p>SME-focused non-banking financial company (NBFC) Oxyzo Financial Services is acquiring a 100% stake in bond investment platform GoldenPi Technologies and its affiliate GoldenPi Securities.
</p><p class="rte-active-block">The acquisition is expected to expand Oxyzo’s debt investment offerings across retail and high-net-worth investor segments as competition intensifies in India’s fixed income market. Financial details of the transaction were not disclosed.</p><p>Oxyzo said integrating GoldenPi’s technology platform and distribution network would strengthen its debt capital markets business and deepen its presence in the bond investment ecosystem.
</p><p>"The integration of GoldenPi’s platform and team positions us to scale our fixed income business and serve rising investor demand for debt products," said Anuj Sharma, business head for fixed income at Oxyzo.
</p><p>Founded in 2017 by Abhijit Roy and Samir Baran Pratihar, Bengaluru-based GoldenPi operates a Securities and Exchange Board of India (SEBI)-registered online bond investment platform that allows users to invest in listed corporate bonds, government securities, fixed deposits and non-convertible debentures.
</p><p>The company says it has built a user base of more than 16 lakh investors and facilitated cumulative investments of over Rs 6,000 crore without defaults on its platform so far. GoldenPi has raised backing from investors including Rainmatter Capital and Utpal Sheth.
</p><p>The deal comes as Oxyzo expands beyond SME lending into broader credit and investment products. Earlier this year, the company launched Oxyzo Credit Fund I under its alternative investment platform and entered fund management through subsidiary Oxyzo Investment Manager Pvt Ltd.</p><p>
</p><p>
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						<excerpt><![CDATA[The acquisition is expected to expand Oxyzo’s debt investment offerings across retail and high-net-worth investor segments.]]></excerpt>
						<tags>
						oxyzo,goldenpi,mampa,acquisition,fintech,retail fixed income,investment						</tags>
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						<Articleid>21493</Articleid>
						<title><![CDATA[Kalpi bags seed funding from Rainmatter Capital]]></title>
						<link><![CDATA[https://theheadandtale.com/fintech-news/kalpi-bags-seed-funding-from-rainmatter-capital/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779180813_d7032d0e03_kalpi.jpg]]></thumbimage>
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						<pubDate>Tue, 19 May 2026 14:23:33 +0530</pubDate>
						<modifiedDate>Tue, 19 May 2026 14:23:33 +0530</modifiedDate>
						<description><![CDATA[<p>Fintech startup Kalpi has raised Rs 3.75 crore in a seed funding round from Rainmatter Capital.
</p><p>The Hyderabad-based startup plans to use the fresh funds to expand its team, enhance product capabilities, strengthen datasets, and scale distribution across both retail and institutional investor segments.
</p><p>Founded in 2025 by Ashwar Gupta, Kalpi is building a rule-based systematic investing platform designed for retail as well as institutional investors. The startup enables users to create, test, automate, and execute quantitative investment strategies across equities, ETFs, and mutual funds.
</p><p>The company currently operates two platforms -- Kalpi.ai for retail investors and KalpiQuant.com for institutional clients including PMS firms, AIFs, brokers, RIAs, and family offices. Its tools include portfolio optimisation, backtesting, factor analysis, portfolio analytics, and risk attribution features.
</p><p class="rte-active-block">According to the company, Kalpi’s platform makes institutional-grade quantitative investing infrastructure accessible at a significantly lower cost compared to traditional hedge fund systems.</p><p>
</p><p>
</p><p>
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						<excerpt><![CDATA[The startup plans to use the fresh funds to expand its team and enhance product capabilities among others.]]></excerpt>
						<tags>
						kalpi,funding,seed funding,rainmatter capital,venture funding,early-stage funding,fintech						</tags>
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						<Articleid>21491</Articleid>
						<title><![CDATA[Anthropic buys AI developer tools startup Stainless]]></title>
						<link><![CDATA[https://theheadandtale.com/ai-emerging-tech/anthropic-buys-ai-developer-tools-startup-stainless/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779169402_a03b4322fb_anthropic1.jpg]]></thumbimage>
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						<pubDate>Tue, 19 May 2026 11:13:22 +0530</pubDate>
						<modifiedDate>Tue, 19 May 2026 11:13:22 +0530</modifiedDate>
						<description><![CDATA[<p>AI company Anthropic has acquired developer tools startup Stainless, a platform widely used by major tech firms such as OpenAI, Google, and Cloudflare. 
</p><p>While financial details were not officially revealed, reports suggest the deal could be worth more than $300 million.
</p><p class="rte-active-block">Founded in 2022 by former Stripe engineer Alex Rattray, Stainless became well known for software that automatically creates and updates SDKs -- developer toolkits that help applications connect with APIs.
</p><p>The acquisition gives Anthropic control over a critical piece of infrastructure used across the AI industry. The company said it will discontinue hosted Stainless products, including its SDK generation platform. Existing customers will still retain ownership of the SDKs they previously created and can continue modifying them independently.
</p><p>Stainless technology has been especially useful for companies building AI agents capable of interacting with external software and services. Besides Anthropic, firms like OpenAI, Google, Replicate, Runway, and Cloudflare had relied on the startup’s tools to maintain these integrations more efficiently.
</p><p>Anthropic said Stainless has powered its official SDKs since the early days of the company’s API platform. Rattray stated that joining Anthropic felt like a natural fit after seeing how developers were building applications around Claude and Anthropic’s ecosystem.</p><p>
</p><p>
</p><p>
</p><p>
</p><p>
</p>]]></description>
						<excerpt><![CDATA[While financial details were not officially revealed, reports suggest the deal could be worth more than $300 million.]]></excerpt>
						<tags>
						stainless,anthropic,mampa,acquisition,ai,developers tool,artificial intelligence,ai infrastructure						</tags>
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						<Articleid>21486</Articleid>
						<title><![CDATA[RBI appoints Gunveer Singh as new executive director]]></title>
						<link><![CDATA[https://theheadandtale.com/fintech-news/rbi-appoints-gunveer-singh-as-new-executive-director/]]></link>
						<authorname>Team Head&Tale</authorname>
						<authorimage><![CDATA[https://theheadandtale.com]]></authorimage>
						<thumbimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779112976_21a75c6f83_rbi.jpg]]></thumbimage>
						<fullimage><![CDATA[https://theheadandtale.com/upload/theheadandtale.com/2026/05/1779112976_21a75c6f83_rbi.jpg]]></fullimage>
						<pubDate>Mon, 18 May 2026 19:32:56 +0530</pubDate>
						<modifiedDate>Mon, 18 May 2026 19:32:56 +0530</modifiedDate>
						<description><![CDATA[<p>The Reserve Bank of India has appointed Gunveer Singh as its new Executive Director. Previously, he was serving as chief general manager-in-charge of the Department of Payment and Settlement Systems.</p><p>Singh brings more than three decades of experience at the central bank, where he has handled areas including payment and settlement systems, banking supervision, risk monitoring and government banking operations. </p><p>He has also worked as a payment systems specialist with the Central Bank of Oman.</p><p class="rte-active-block">In his new role as Executive Director, Singh will oversee the Department of Payment and Settlement Systems. He is a Chartered Accountant as well as a Cost and Works Accountant.</p>]]></description>
						<excerpt><![CDATA[In his new role as Executive Director, Gunveer Singh will oversee the Department of Payment and Settlement Systems.]]></excerpt>
						<tags>
						gunveer singh,rbi,reserve bank of india,executive director,department of payment and settlement systems,dpss						</tags>
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