Fintech News

Cornerstone Ventures invests Rs 100 crore in OfBusiness

Cornerstone Ventures invests Rs 100 crore in OfBusiness

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.

PB Fintech gets RBI's in-principle nod to operate as payment aggregator

PB Fintech gets RBI's in-principle nod to operate as payment aggregator

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.

After Fullerton control, Lendingkart gets its new CEO in Prashant Joshi

After Fullerton control, Lendingkart gets its new CEO in Prashant Joshi

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).

PhonePe launches UPI Circle

PhonePe launches UPI Circle

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.

Cashfree appoints ex-Bandhan AMC exec Piyush Anchliya as its CFO

Cashfree appoints ex-Bandhan AMC exec Piyush Anchliya as its CFO

16 Apr 2025, 10:30 AM

Anchliya replaces Vikas Guru, who served as CFO at Cashfree for nearly four years.

BharatPe secures final RBI nod to operate as payment aggregator

BharatPe secures final RBI nod to operate as payment aggregator

10 Apr 2025, 02:27 AM

The Delhi-based digital payments giant received its in-principle approval from the central bank in January 2023.

RNFI Services acquires Payworld Digital

RNFI Services acquires Payworld Digital

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

Neo Asset closes second private credit fund at Rs 2,000 crore

Neo Asset closes second private credit fund at Rs 2,000 crore

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.

RBI allows NPCI to revise UPI limit for merchant transactions

RBI allows NPCI to revise UPI limit for merchant transactions

10 Apr 2025, 01:21 AM

P2P transactions on UPI shall continue to be capped at Rs 1 lakh.

InCred Alternatives close maiden PE fund at Rs 575 crore

InCred Alternatives close maiden PE fund at Rs 575 crore

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.

Juspay raises $60 million funding led by Kedaara Capital

Juspay raises $60 million funding led by Kedaara Capital

07 Apr 2025, 17:24 PM

Existing investors Softbank and Accel Partners also participated in this round.

Asha Ventures Fund I secures $10 million commitment from British International Investment

Asha Ventures Fund I secures $10 million commitment from British International Investment

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.

Easebuzz raises $30 million funding led by Bessemer Venture Partners

Easebuzz raises $30 million funding led by Bessemer Venture Partners

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.

Fintech founders float new entity to seek RBI nod for SRO status

Fintech founders float new entity to seek RBI nod for SRO status

07 Apr 2025, 15:48 PM

Once approved, India Fintech Foundation (IFF) will be the second Fintech-SRO after Fintech Association of Consumer Empowerment (FACE).

Federal Bank's executive director Shalini Warrier resigns

Federal Bank's executive director Shalini Warrier resigns

06 Apr 2025, 18:33 PM

Federal Bank’s executive director Shalini Warrier has resigned from the bank to pursue an entrepreneurial opportunity.

Junio founder's new venture gets NBFC licence

Junio founder's new venture gets NBFC licence

06 Apr 2025, 17:55 PM

Securis Finance aims to offer education loans to teenagers across India.

Digital lender Kissht plans $225 million IPO; appoints investment banks

Digital lender Kissht plans $225 million IPO; appoints investment banks

06 Apr 2025, 17:48 PM

The company has mandated ICICI Securities, UBS Securities India Private Limited and Motilal Oswal Investment Banking as lead managers for the IPO.

Travel card fintech Scapia raises $40 million led by Peak XV

Travel card fintech Scapia raises $40 million led by Peak XV

04 Apr 2025, 01:39 AM

Existing investors Elevation Capital, Z47, and 3STATE Capital also participated in the round.

Beams Fintech Fund participates in Infinity Fincorp’s $40 million Series A round

Beams Fintech Fund participates in Infinity Fincorp’s $40 million Series A round

02 Apr 2025, 17:29 PM

Infinity will use the capital for expanding the loan book and establishing deeper presence across the six states.

BlackSoil-Caspian Debt merger gets the RBI approval

BlackSoil-Caspian Debt merger gets the RBI approval

02 Apr 2025, 17:20 PM

This marks a crucial step toward finalisation of the merger, with only the National Company Law Tribunal (NCLT) approval remaining.

Fintech Highlights

  1. Crypto exchange CoinDCX loses $44 million in hack

  2. Altum Credo raising additional Rs 100 crore in extended Series C funding

  3. Paytm Money to rope in HDFC Securities executive as CEO: report

  4. Flipkart-owned Super.money entering stock broking space

  5. Jupiter Money gets IRDAI approval to enter insurance distribution space
  6. Read more news...

AI/Emerging Tech

  1. Nvidia's H20 AI chip stock for China falls short

  2. Anysphere acquiring top engineers from AI-powered CRM startup Koala

  3. Perplexity ties up with Bharti Airtel to provide 12-month free Pro subscription

  4. Meta ropes in two senior Apple AI researchers

  5. OpenAI launches proactively thinking and acting ChatGPT agent
  6. Read more news...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case
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