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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. Slice launches second UPI-integrated branch in Gurugram

  2. BharatPe in advanced talks to raise $80-$100 million in pre-IPO round

  3. ICICI hikes minimum balance requirement; Draws flak from Kotak exec

  4. BharatPe reports adjusted profit before tax of Rs 6 crore in FY25

  5. Infibeam transferring e-commerce biz to subsidiary Rediff
  6. Read more news...

AI/Emerging Tech

  1. Perplexity AI launches bold pitch to buy Google's Chrome for $34.5 billion

  2. AI unicorn Fractal Analytics files draft papers for IPO

  3. Nvidia, AMD agree to pay 15% of high-end AI chip revenue from China to US govt

  4. Deeptech robotics startup Neuralzome Cybernetic bags pre-seed funding

  5. xAI legal lead Robert Keele steps down
  6. Read more news...

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