Search for: Digital Lending

The same fate of two digital lending posterboys; Healthcare not AI ready?

The same fate of two digital lending posterboys; Healthcare not AI ready?

30 Sep 2025, 14:06 PM

Sep 12th Edition: How Capital Float (now Axio) and Lendingkart, in 2025, found themselves meeting the same fate; and why India’s healthcare is not ready for the AI and robotics revolution yet.

Amazon receives RBI nod for Axio acquisition

Amazon receives RBI nod for Axio acquisition

04 Sep 2025, 17:32 PM

Amazon had first invested in Axio (formerly Capital Float) in 2018, injecting $22 million at about $350 million valuation.

Digital lender KreditBee converts into public entity ahead of IPO

Digital lender KreditBee converts into public entity ahead of IPO

24 Jul 2025, 13:43 PM

The company has also recieved the RBI nod to merge its technology arm Finnovation Tech Solutions into NBFC Krazybee Services.

IPO-bound digital lender Ring (Kissht) sees FY25 profit dip, disbursements halved

IPO-bound digital lender Ring (Kissht) sees FY25 profit dip, disbursements halved

24 Jul 2025, 13:10 PM

Ring's parent entity OnEMI's total income also fell to Rs 1,353 crore during FY25, against Rs 1,700 crore in the year ago period.

Moneyview converts into public entity ahead of IPO

Moneyview converts into public entity ahead of IPO

04 Jun 2025, 14:41 PM

The digital lender is eyeing an IPO to raise over $400 million and has reportedly appointed Axis Capital, Kotak Mahindra, and others as its banking partners.

Kaleidofin raises $5.3 million round led by IDH Farmfit Fund

Kaleidofin raises $5.3 million round led by IDH Farmfit Fund

02 May 2025, 16:34 PM

The funding will be used to expand its lending portfolio, as well as enhance its credit scoring, middleware, and risk services through new partnerships.

From Promise to Pause: The untold story of Mahindra’s digital finance dream

From Promise to Pause: The untold story of Mahindra’s digital finance dream

28 Apr 2025, 04:03 AM

How internal challenges and shifting priorities derailed Mahindra Finance’s ambition to mirror Bajaj Finance’s success in digital lending.

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).

Fintech NBFCs sanctioned 8.3 crore loans worth Rs 81,365 crore between Apr-Dec 2024

Fintech NBFCs sanctioned 8.3 crore loans worth Rs 81,365 crore between Apr-Dec 2024

28 Mar 2025, 21:02 PM

However, quarter-on-quarter sanction value declined by 15% in Q3 FY24-25 compared to Q2 FY24-25.

PowerUp Money to spin off from Uni Cards, raises $4.75 million

PowerUp Money to spin off from Uni Cards, raises $4.75 million

18 Feb 2025, 17:27 PM

This spin-off will allow PowerUp to focus entirely on wealth management, while Uni Cards continues to focus in the lending space.

FlexiLoans announces key appointments

FlexiLoans announces key appointments

28 Jan 2025, 03:38 AM

Appoints Hemant Saklecha as chief credit and risk officer and Pavan Matai as head of its supply chain finance vertical.

Active loans in personal loan category declined in H1 FY25: CRIF-DLAI report

Active loans in personal loan category declined in H1 FY25: CRIF-DLAI report

21 Jan 2025, 03:04 AM

While the portfolio outstanding in PL category has grown Rs 12.1 lakh crore in H1 FY24 to Rs 13.7 lakh crore between April-September 2024 period.

Amazon to acquire digital lender Axio (Capital Float)

Amazon to acquire digital lender Axio (Capital Float)

17 Jan 2025, 02:22 AM

Once the acquisition receives regulatory approval, it will make Amazon the first big tech company in India to gain access to an NBFC license through Axio.

Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?

Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?

06 Jan 2025, 14:10 PM

This story delves into Stashfin’s business operations – which have largely remained out of the public and media spotlight, as the company prefers to keep things under wraps.

About 3 crore loans worth Rs 36,897 crore disbursed in Q2FY25: FACE

About 3 crore loans worth Rs 36,897 crore disbursed in Q2FY25: FACE

25 Dec 2024, 00:28 AM

As of September 2024, the total assets under management (AUM) reported by 28 FACE member companies stood at Rs 51,537 crore.

MSME lender Aye Finance files DRHP for Rs 1450 crore IPO

MSME lender Aye Finance files DRHP for Rs 1450 crore IPO

24 Dec 2024, 22:18 PM

Aye Finance's largest shareholder Elevation Capital (formerly SAIF Partners) is not participating in the offer for sale.

Digital lender CASHe reports 95% dip in FY24 profit

Digital lender CASHe reports 95% dip in FY24 profit

11 Dec 2024, 15:52 PM

CASHe’s total expenses increased by 22.4% to Rs 665.8 crore FY24, up from Rs 544.1 crore in FY23.

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

18 Oct 2024, 00:50 AM

This action, according to the RBI, is based on material supervisory concerns observed in the Pricing Policy of these companies.

Who Reads Us

Fintech Highlights

  1. Simpl lays off 80-100 employees after RBI crackdown

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

  3. Fintech platform Ignosis raises $4 million led by Peak XV's Surge

  4. Zerodha reports 40% fall in brokerage income amid regulatory headwinds

  5. UNLEASH Capital Partners hits final close of first fund at Rs 300 crore
  6. Read more news...

AI/Emerging Tech

  1. Anthropic ropes in ex-Stripe CTO Rahul Patil as chief technical officer

  2. OpenAI valuation touches $500 billion as employees sell shares

  3. OpenAI partners with Samsung, SK to expand AI infra under Stargate project

  4. Thinking Machines Lab unveils first product Tinker

  5. Former Google, OpenAI researchers floated startup Periodic Labs bags seed funding
  6. Read more news...

Money & Machines

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

  2. RBI brings the wild west under regulatory fold; Hello, AI friend

  3. The same fate of two digital lending posterboys; Healthcare not AI ready?

  4. Reliance's startup moment; Amazon, Flipkart's NBFC play
  5. Previous editions...

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality