25 Apr 2025, 17:35 PM
The Gurugram-based fintech firm will now be required to apply for an NBFC licence from the RBI in order to operate as a non-banking financial company.
25 Apr 2025, 17:27 PM
Rau -- who took over as CEO of Pine Labs in March 2020 -- will also continue to serve as the CEO the Peak XV-backed fintech firm.
25 Apr 2025, 17:16 PM
Finodaya will operate on a hybrid “phygital” model, blending digital services with a physical branch presence to streamline loan disbursement and underwriting.
20 Apr 2025, 21:08 PM
The firm's name has now been updated from “PhonePe Private Limited” to “PhonePe Limited”.
20 Apr 2025, 20:55 PM
This development follows the recent approval of the merger between Razorpay Inc. and Razorpay India by the Regional Director in Hyderabad.
20 Apr 2025, 20:27 PM
OfBusiness and Oxyzo invested Rs 27.5 crore each, while Ambium Finserve and IKF Finance contributed the remaining Rs 20 crore.
17 Apr 2025, 17:41 PM
The company is raising funds through a rights issue from its existing investors, likely including BEENEXT and Opus Technologies.
17 Apr 2025, 10:54 AM
This funding marks the VC firm's first investment from its $200 million new fund, which was launched in April 2024.
16 Apr 2025, 11:41 AM
In March 2024, the company announced incorporation of a wholly owned subsidiary under the name of 'PB Pay' to carry on the business of payment aggregator.
16 Apr 2025, 11:07 AM
Joshi’s elevation comes amid strategic leadership changes following a majority stake acquisition by Temasek’s Fullerton Financial Holdings (FFH).
16 Apr 2025, 10:45 AM
With UPI Circle, a UPI account holder can add their family/trusted individuals to their circle using UPI ID/QR code and authorize payments for them.
16 Apr 2025, 10:30 AM
Anchliya replaces Vikas Guru, who served as CFO at Cashfree for nearly four years.
10 Apr 2025, 02:25 AM
The Delhi-based digital payments giant received its in-principle approval from the central bank in January 2023.
10 Apr 2025, 02:14 AM
RNFI, which singed a binding offer to acquire Payworld in October 2024, has acquired Payworld Digital and its wholly owned subsidiary, Smart Payment Solutions
10 Apr 2025, 01:36 AM
Launched three months ago, NSCOF-II -- a SEBI-registered Category II Alternative Investment Fund (AIF) -- is targeting a total corpus of Rs 5,000 crore.
10 Apr 2025, 01:21 AM
P2P transactions on UPI shall continue to be capped at Rs 1 lakh.
10 Apr 2025, 01:12 AM
The IGPF-I Fund has secured capital commitments in excess of Rs 575 crore, which is above its target size of Rs 500 crore, the company said.
07 Apr 2025, 17:24 PM
Existing investors Softbank and Accel Partners also participated in this round.
07 Apr 2025, 16:17 PM
The investment marks a significant milestone as Asha Ventures Fund I moves closer to its target corpus of $91 million, the VC firm said.
07 Apr 2025, 16:11 PM
The round, which is a mix of primary (Rs 200 crore) and secondary financing (Rs 40 crore), also included existing investors 8i Ventures and Varanium Capital.
