Fintech News

BharatPe partners with Unity Small Finance Bank for EMI-driven credit card

BharatPe partners with Unity Small Finance Bank for EMI-driven credit card

29 Aug 2025, 11:11 AM

The newly launched Unity Bank BharatPe Credit Card is built on the NPCI RuPay platform.

Stock broker Groww gets Sebi nod for $1 billion IPO

Stock broker Groww gets Sebi nod for $1 billion IPO

28 Aug 2025, 23:13 PM

The markets regulator has given approval to Groww's IPO papers, which the platform had filed confidentially in May.

PCI Security Standards Council sets up first India-South Asia regional engagement board

PCI Security Standards Council sets up first India-South Asia regional engagement board

28 Aug 2025, 16:58 PM

About 27 organisations, including NPCI, Cred, Axis Bank, HDFC Bank, SBI Cards, Google, and Zeta have joined as members of the 2025-26 board.

Aye Finance net profit halves to Rs 30 crore in June quarter

Aye Finance net profit halves to Rs 30 crore in June quarter

28 Aug 2025, 14:47 PM

Aye Finance's total income jumped almost 19% to Rs 416.13 crore in the June quarter this year from Rs 350.64 crore in the same period last year.

TransBnk raises $25 million in Series B funding led by Bessemer Venture Partners

TransBnk raises $25 million in Series B funding led by Bessemer Venture Partners

28 Aug 2025, 12:25 PM

The fresh capital will be used for TransBnk's expansion into Middle East and Southeast Asia.

Arohan Financial Services appoints Milind Nare as Deputy CEO, Ketan Agrawal as Deputy CFO

Arohan Financial Services appoints Milind Nare as Deputy CEO, Ketan Agrawal as Deputy CFO

26 Aug 2025, 17:08 PM

Along with the new role. Nare will continue as the company's Chief Financial Officer (CFO).

NBFC CredRight raises $10 million in Series B funding

NBFC CredRight raises $10 million in Series B funding

26 Aug 2025, 12:09 PM

The investment also saw participation from existing investors Michael & Susan Dell Foundation and Unleash Capital.

Paytm approves investments in Paytm Money, Paytm Services, discontinues real money gaming biz

Paytm approves investments in Paytm Money, Paytm Services, discontinues real money gaming biz

26 Aug 2025, 11:27 AM

Paytm has approved investments of up to Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services through rights issues.

Payments Council of India reappoints CCAvenue's Vishwas Patel as chairperson

Payments Council of India reappoints CCAvenue's Vishwas Patel as chairperson

21 Aug 2025, 14:46 PM

M N Srinivasu, co-founder and director, BillDesk has been re-appointed as the co-chairperson of the Payments Council of India.

Avanse Financial Services raises $200 million in debt via ECB

Avanse Financial Services raises $200 million in debt via ECB

21 Aug 2025, 11:29 AM

The loan was raised from a syndication of banks from Taiwan, Japan, Singapore, Sri Lanka, the UAE, and India.

Motilal Oswal Mutual Fund hikes stake in Paytm

Motilal Oswal Mutual Fund hikes stake in Paytm

20 Aug 2025, 17:28 PM

Motilal Oswal Mutual Fund acquired 26.31 lakh shares of Paytm to raise its stake to 5.15% through open market transactions.

Kiwi raises $23 million in Series B funding led by Vertex Ventures

Kiwi raises $23 million in Series B funding led by Vertex Ventures

20 Aug 2025, 13:53 PM

The funding round saw participation from Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network.

Kissht files draft paper for IPO, eyes Rs 1,000 crore via fresh issue

Kissht files draft paper for IPO, eyes Rs 1,000 crore via fresh issue

19 Aug 2025, 18:41 PM

Kissht plans to allocate around Rs 750 crore to strengthen the capital foundation of its non-banking financial company subsidiary, Si Creva.

Weaver to raise $170 million from Lightspeed, Premji Invest, Gaja Capital

Weaver to raise $170 million from Lightspeed, Premji Invest, Gaja Capital

19 Aug 2025, 18:06 PM

The fresh capital will be used to accelerate technology platform development and expand into secondary and tertiary markets.

Westbridge Capital-backed Credgenics acquires Arrise

Westbridge Capital-backed Credgenics acquires Arrise

19 Aug 2025, 12:30 PM

The combined entity now aims to achieve joint annual revenue of Rs 850 crore within the next three-year period.

MobiKwik sues DAM Capital over Rs 42 crore IPO funds dispute

MobiKwik sues DAM Capital over Rs 42 crore IPO funds dispute

16 Aug 2025, 13:35 PM

The fintech firm alleges that the IPO lead manager DAM Capital has withheld Rs 42 crore meant for IPO-related expenses.

RBI committee proposes AI framework for financial services sector

RBI committee proposes AI framework for financial services sector

14 Aug 2025, 18:41 PM

An RBI survey found that only a fifth of the financial entities were either using or developing AI.

Slice launches second UPI-integrated branch in Gurugram

Slice launches second UPI-integrated branch in Gurugram

12 Aug 2025, 15:45 PM

The branch in Gurugram follows the launch of its first such facility in Bengaluru earlier this year.

BharatPe in advanced talks to raise $80-$100 million in pre-IPO round

BharatPe in advanced talks to raise $80-$100 million in pre-IPO round

11 Aug 2025, 11:04 AM

Earlier Coatue had led a Series D funding round of $108 million in BharatPe at a valuation of $900 million in February 2021.

ICICI hikes minimum balance requirement; Draws flak from Kotak exec

ICICI hikes minimum balance requirement; Draws flak from Kotak exec

10 Aug 2025, 15:00 PM

The change will will apply only to new savings bank accounts opened after August 1, 2025.

Fintech Highlights

  1. BharatPe partners with Unity Small Finance Bank for EMI-driven credit card

  2. Stock broker Groww gets Sebi nod for $1 billion IPO

  3. PCI Security Standards Council sets up first India-South Asia regional engagement board

  4. Aye Finance net profit halves to Rs 30 crore in June quarter

  5. TransBnk raises $25 million in Series B funding led by Bessemer Venture Partners
  6. Read more news...

AI/Emerging Tech

  1. Reliance launches AI unit, strikes separate partnerships with Meta, Google Cloud

  2. Google to invest additional $9 billion to expand Virginia data center network through 2026

  3. OpenAI's evaluation shows rival Anthropic' Claude models less hallucinatory

  4. Elon Musk’s xAI, X sue Apple and OpenAI over antitrust claims

  5. OpenAI appoints ex Coursera exec Raghav Gupta as education vertical head for India, APAC
  6. Read more news...

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality