Fintech News
Goldman Sachs sells Eternal shares worth Rs 169 crore
The shares were bought by BofA Securities at Rs 316 apiece.
Fintech News
In-depth reporting, market intelligence, and analytical commentary on fintech news.
Fintech News
Fairfax gets nod to acquire 60.72% stake in IDBI Bank for Rs 52,878 crore
Fairfax has also proposed bringing its interests in Go Digit Life Insurance, Go Digit General Insurance and IIFL Capital Services under IDBI Bank.
Fintech News
Groww Q2 FY27 revenue rises 47% to Rs 1,501 crore
The company's net profit increased 53.8% to Rs 724.70 crore in Q2 FY27.
Fintech News
RocketPay secure Rs 10 crore funding led by Sandeep Jain and Group
The round also included participation from IPV, LetsVenture, Launch Capital, AVNM Ventures and Navyug Global Ventures.
Fintech News
UPI in Sep: Overall merchant spend falls, broker payments rise 16%
Digital gold purchases value via UPI increased to Rs 2,585.35 crore in September from Rs 2,488.52 crore in August.
Fintech News
Qualcomm sells remaining stake in Shadowfax, exits company
The latest transaction follows an earlier sale in August, when Qualcomm sold 75 lakh Shadowfax shares for Rs 183.85 crore at an average price of Rs 245.13 per share.
Fintech News
NABVENTURES marks first close of second fund at Rs 450 crore
The fund is targeting a total corpus of Rs 1,500 crore, including a green-shoe option, with NABARD as its anchor investor.
Fintech News
Juspay’s FY26 revenue up 30% to Rs 664 crore; swings to net loss
The company, however, added that it remained adjusted EBITDA positive at Rs 33 crore, excluding non-cash ESOP costs.
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
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.
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