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

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

25 Jul 2025, 12:17 PM

The ED has filed a complaint against Simpl and its founder Nithya Nand Sharma for allegedly violating FEMA provisions.

BNPL startup Snapmint swings to net profit in FY25: report

BNPL startup Snapmint swings to net profit in FY25: report

16 Jul 2025, 14:27 PM

Snapmint's revenue from operations increased to Rs 158.5 crore during the fiscal from Rs 88.5 crore in FY24.

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

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

13 Nov 2024, 15:26 PM

A source claims LazyPay recently received a letter from the RBI flagging issues in its customer onboarding process, but the company strongly denies receiving any such communication.

Fintech Highlights

  1. Amazon receives RBI nod for Axio acquisition

  2. ADIA sells entire stake in MobiKwik

  3. InCred Money launches new scheme to invest in digital gold and silver

  4. Slice appoints former RBI executive Eugene Karthak as part-time chairman, independent director

  5. ADIO signs MoU with Ant International to strengthen Abu Dhabi's fintech ecosystem
  6. Read more news...

AI/Emerging Tech

  1. OpenAI to acquire product testing startup Statsig

  2. Anthropic raises $13 billion in Series F at $183 billion post-money valuation

  3. Accel, Celesta, Gaja, others form alliance for deep tech bets in India-domiciled enterprises

  4. Vertiv acquires Generative AI software firm Waylay

  5. Tessolve raises $150 million from TPG
  6. Read more news...

Money & Machines

  1. What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

  2. Journalism was already dying — AI wasn't the culprit

  3. IRCTC enters payments where giants bleed; RIP of RIP in AI

  4. Fintech founders shaping policy; India on AI map?

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