Fintech News
GST Council proposes scrapping arrest powers, raises prosecution threshold to Rs 5 crore
To improve cash flows, the Council has proposed faster processing of GST refunds.
Fintech News
In-depth reporting, market intelligence, and analytical commentary on fintech news.
Fintech News
NeoGrowth raises Rs 85 crore from FMO, LeapFrog
NeoGrowth, a digital lender focused on micro, small and medium enterprises (MSMEs), has raised Rs 85 crore in a funding round involving debt and...
Fintech News
Credfix bags seed funding led by Tanglin Venture Partners
The funding round also saw participation from Stargazer.
Fintech News
TPG-backed NewQuest offloads more stake in Shadowfax via bulk deal
With the latest transaction, NewQuest has offloaded 2.85 crore Shadowfax shares since July.
Fintech News
Zomint raises seed funding from Lightspeed, Prime Venture Partners
The startup will use the fresh capital to expand its wealth and investment teams, strengthen its technology platform and build its investor education ecosystem.
Fintech News
Indifi FY26 revenue up 3% to Rs 371 crore, swings to profit
Total expenses of the company declined 12% to Rs 376.8 crore during the fiscal from Rs 426.7 crore in FY25, aided by a sharp reduction in impairment costs.
Fintech News
RBI elevates Sudhakar Malli as executive director
In his new role, Malli will be responsible for the Department of Supervision (Supervisory Assessment).
Fintech News
UPI transaction volume falls 1.8% in September after August record
In August, PhonePe accounted for a 45.64% share of UPI transaction volume, followed by Google Pay at 32.26% and Paytm at 8.03%.
Fintech News
Niyo FY26 income rises 78% to Rs 178 crore, net loss narrows
Niyo’s total operating expenses grew 20% to Rs 201 crore in FY26, compared with Rs 168 crore in the previous fiscal.
Fintech News
HDFC Bank appoints Anup Bagchi as MD & CEO
The appointment follows a succession process that gained momentum after Sashidhar Jagdishan informed the board in August that he would step down at the end of his term.
Fintech News
Bessemer appoints former Elevation Capital investor Mayank Khanduja as partner
At Bessemer, he will invest at the early stage across AI, consumer and healthcare sectors.
Fintech News
Seeds Fincap raises Series B funding led by Michael & Susan Dell Foundation
Existing investors Z47 and Lok Capital participated in the round along with Norinchukin Capital and Alteria Capital.
Fintech News
Kotak Mahindra Bank names Anup Kumar Saha as MD and CEO
Saha, who joined Kotak Mahindra Bank in January 2026, will succeed Ashok Vaswani, whose term as CEO ends on December 31.
Fintech News
Moneyview shares list at 64% premium after strong IPO demand
On the BSE, Moneyview opened at Rs 55.61 per share, a 63.6% premium over the issue price of Rs 34.
Fintech News
Digital NBFCs sanction 3.4 crore personal loans worth Rs 64,656 crore in Q1 FY27
The average ticket size for digital NBFC loans stood at Rs 18,802, up around 15% from FY26.
Fintech News
Razorpay, PayU enable Apple Pay across Indian merchant networks
Apple has also worked closely with other payment service providers (PSPs) like BillDesk, Cashfree, Juspay, Mswipe, Paytm and Pine Labs to bring Apple Pay to their merchant networks in India.
Fintech News
Peak XV Partners announces 18 startups for new Surge cohort
The cohort also includes founders with backgrounds at companies such as Airbnb, Microsoft Research, Google and India's recently minted unicorn Sarvam AI.
Fintech News
WEH Ventures marks first close of Rs 250 crore third fund
The new fund has received commitments from Play Capital, a Nordic Fund of Funds (FoFs) and family offices such as Eraya, Twin & Bull Investments and Heritage Investments.
Fintech News
Moneyview IPO subscribed 98.5x
Qualified institutional buyers (QIBs) drove the demand, subscribing to their portion 227.5x.
Fintech News
SC leaves UPI MDR framework untouched, seeks responses
The government's decision to reintroduce MDR has triggered a debate among merchants and the payments industry.
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