Cred

NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

19 Mar 2025, 02:39 AM

To capture the credit card market share, the UPI developer is mimicking its debit card strategy—with a slight twist.

Perfios acquires debt collections platform CreditNirvana

Perfios acquires debt collections platform CreditNirvana

12 Mar 2025, 14:16 PM

The platform claims that it manages a collection portfolio exceeding $9 billion, handles over 42 million loan accounts, and supports nine types of loan portfolios.

Collections platform CredResolve raises $1.1 million led by Japanese VC UNLEASH Capital

Collections platform CredResolve raises $1.1 million led by Japanese VC UNLEASH Capital

04 Mar 2025, 12:09 PM

The proceeds will be used to expand its partnerships to over 25 financial institutions, enhance its AI-driven technology stack, and strengthen its presence.

InCred Finance acquires TruCap

InCred Finance acquires TruCap's gold loan business

26 Feb 2025, 20:22 PM

This acquisition will provide InCred Finance with a head-start in the gold loans business, accelerating its go-to-market timeline by 24-36 months.

InCred buys Dubai-based financial advisory firm Arrow Capital

InCred buys Dubai-based financial advisory firm Arrow Capital

20 Feb 2025, 18:41 PM

Post acquisition, InCred Global Wealth will manage assets exceeding $2 billion across Dubai, Singapore, and London.

RBI lifts ban on Kotak Mahindra Bank nearly after 10 months

RBI lifts ban on Kotak Mahindra Bank nearly after 10 months

13 Feb 2025, 19:16 PM

In April last year, the RBI restricted Kotak Mahindra Bank from onboarding new customers through online channels and issuing new credit cards.

RBI cancels NBFC licence of X10 Financial, backer of 30 digital loan apps

RBI cancels NBFC licence of X10 Financial, backer of 30 digital loan apps

22 Jan 2025, 14:22 PM

X10, according to the RBI, violated guidelines on the code of conduct in outsourcing of financial services in its digital lending operations.

UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

09 Jan 2025, 19:48 PM

The market share of the Vijay Shekhar Sharma-led fintech further plummeted to 6.87% in the month of December.

InCred Finance eyes Rs 4000-5000 crore IPO next year; appoints CFO

InCred Finance eyes Rs 4000-5000 crore IPO next year; appoints CFO

24 Dec 2024, 18:18 PM

Last week, InCred Finance, the consumer and MSME lending arm of the InCred Group, appointed Gaurav Maheshwari as its chief financial officer.

OneCard posts 163% jump in FY24 revenues

OneCard posts 163% jump in FY24 revenues

06 Dec 2024, 22:22 PM

The company posted a net loss of Rs 401.15 crore in FY24, compared to Rs 405.66 crore in the previous fiscal year

RBI allows small finance banks to offer credit line on UPI

RBI allows small finance banks to offer credit line on UPI

06 Dec 2024, 22:06 PM

RBI Governor Shaktikanta Das announced that small finance banks will now be permitted to provide pre-sanctioned credit lines through UPI.

SME-focussed fintech CredFlow raises $3.7 million led by existing investors

SME-focussed fintech CredFlow raises $3.7 million led by existing investors

21 Nov 2024, 12:38 PM

The startup plans to utilize the fresh capital for growing its lending business vertical, developing multiple new products and hiring.

Cred sells Happay to MakeMyTrip

Cred sells Happay to MakeMyTrip

18 Nov 2024, 18:33 PM

MakeMyTrip has signed a business transfer agreement to acquire Happay, which was previously acquired by Cred in a $180 million deal in 2021.

Cred enters insurance via Garage platform

Cred enters insurance via Garage platform

05 Nov 2024, 10:15 AM

The fintech is reportedly working with three insurance companies to co-create an insurance product.

Former PayU exec’s startup raises $25.5 million in seed round

Former PayU exec’s startup raises $25.5 million in seed round

04 Nov 2024, 22:04 PM

The company plans to use the funds to enhance product innovation and broaden its offerings, particularly in global investment tools, AI-driven university counseling, and cross-border payment solutions.

Fintech Hightlights

  1. Groww gets CCI approval to issue bonus shares to Peak XV, Tiger Global, others

  2. MobiKwik reports Rs 1.26 crore fraud by ex-employee

  3. smallcase raises $50 million led by Elev8 Venture Partners

  4. Fintech infra firm OneStack raises $2 million in Series A

  5. Fintech NBFCs sanctioned 8.3 crore loans worth Rs 81,365 crore between Apr-Dec 2024
  6. Read more highlights...

Editor's Pick

  1. NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

  2. BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

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