Search for: Bnpl

Exclusive: Amazon-backed Axio closing $20 million fundraise

25 Jul 2025, 13:02 PM

Axio, the Bengaluru-based fintech company previously known as Capital Float, is close to securing $20 million in a new equity round, according to source...

RBI orders BNPL player Simpl to stop payment operations

25 Sep 2025, 20:38 PM

The Reserve Bank of India has ordered One Sigma Technologies Pvt Ltd, which operates the fintech platform Simpl, to immediately stop it...

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

25 Jul 2025, 12:26 PM

Story has been updated with a clarification issued by LazyPay that it has not received any such letter from RBI

BNPL startup Simpl under ED scanner over Rs 913 crore FDI violation

25 Jul 2025, 12:28 PM

The Enforcement Directorate (ED) has filed a complaint under the Foreign Exchange Management Act (FEMA) against One Sigma Technologies Pvt Ltd, whi...

BNPL startup Snapmint swings to net profit in FY25: report

25 Jul 2025, 12:28 PM

Snapmint, a buy now pay later (BNPL) startup, swung to a net profit in the fiscal ended March 31, 2025, accordi...

Amazon to acquire digital lender Axio (Capital Float)

25 Jul 2025, 12:26 PM

Amazon is all set to acquire Bengaluru-based fintech company Axio (previously known as Capital Float), which operates as a non-banking financial company (NBF...

BNPL startup Snapmint raises $18 million in mix of debt and equity

25 Jul 2025, 12:28 PM

Snapmint has raised $18 million in debt and equity led by Prashasta Seth (Prudent Investment Manager). The round also saw...

Simpl lays off 80-100 employees after RBI crackdown

03 Oct 2025, 13:26 PM

Buy-now-pay-later (BNPL) startup Simpl has laid off 80-100 employees, media reports said.The layoffs came just days after

Reliance's startup moment; Amazon, Flipkart's NBFC play

30 Sep 2025, 14:07 PM

Flipkart-backed Super.money acquires checkout financing platform BharatX

25 Jul 2025, 12:28 PM

Flipkart-backed fintech Super.money has acquired checkout financing platform BharatX for an undisclosed sum.Through the acquis...

What went wrong with payment aggregator plans of Stripe, Zomato?

25 Jul 2025, 13:02 PM

Last week, the world’s most valuable fintech company, Stripe, decided to scale back its India domestic payments plans due to regulator...

India's payments revolution faces a new test: Securing a growing ecosystem

03 Oct 2025, 13:12 PM

India's payments system has undergone a transformation that few countries in the world have experienced at such scale and sp...

What happened after the gaming ban story; VCs' hunt for 'Lovable' in India

30 Sep 2025, 14:15 PM

Amazon receives RBI nod for Axio acquisition

04 Sep 2025, 17:32 PM

Amazon said it has received the approval from The Reserve Bank of India (RBI) for its acquisition of digital lending and checkout finance provider Axio....

Flipkart-owned Super.money entering stock broking space

25 Jul 2025, 12:28 PM

Flipkart's fintech arm Super.money is planning to enter into stock broking space as part of its broader strategy of becoming a full-stack financial serv...

Prosus eyes PayU IPO in 2025 after Swiggy's successful listing

25 Jul 2025, 12:26 PM

A day after the stellar listing of its portfolio company Swiggy, Prosus said it is aiming to list fintech firm PayU in 2025. The Gurugram-based payments comp...

Slice completes merger with North East SFB

25 Jul 2025, 12:28 PM

Oct 29: The merger between Slice and North East Small Finance Bank (NESFB) has been finalized. The fintech startup Slice ...

Phi Commerce launches debt collection tool for banks and NBFCs

25 Jul 2025, 13:02 PM

Oct 22: Payments aggregator Phi Commerce has launched a new debt collection product suite, CollectiPhi-360 to enable financial institutions manag...

Fintech highlights of the day

25 Jul 2025, 12:26 PM

October 4thJio-BlackRock gets Sebi's in-principle nod to set up mutual fund biz...