Bank of America picks 49.9% stake in Jio Credit for $1.9 billion
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
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BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
BlackSoil said it backed the transaction citing Mintoak's banking partnerships, profitable growth and scalable business model.
In this edition, we unpack Paytm's renewed Postpaid push and what has changed since its heyday; and what Sarvam AI's appointment of frontier AI researcher Devendra Chaplot signals...
Under the agreement, BlackSoil will absorb the entire solar financing vertical, including its leadership team, technology stack, brand assets and operational framework.
CRED said the platform is designed to encourage responsible borrowing by giving users greater transparency and a clearer picture of their financial capacity.
BharatPe Flex is designed to provide greater flexibility in managing everyday expenses without requiring users to switch to a separate payment platform.
The card strategy of the fintech-friendly Federal Bank; and on the AI front we write, as AI systems begin to autonomously find and exploit vulnerabilities, cybersecurity is entering a new phase.
The fund will make structured credit investments in mid- and large-sized companies and focus on senior secured lending strategies.
The company raised the capital from existing investors Abler Nordic, GAWA Capital through its Huruma Fund, and Oikocredit.
Federal Bank's decision comes months after private equity giant Blackstone said it will invest about $705 million in the India lender.
The round also saw participation from existing investors Lightspeed and Z47.
NPCI BHIM Services Ltd, in partnership with TransUnion CIBIL, will give BHIM app users access to their credit scores.
Bedi, who is transitioning into an advisory role, will remain at the firm until July.
With the investment, Sachdev has also joined the embedded credit infrastructure platform as Co-founder & Managing Director.
The card, which first launched in July 2025, had already drawn a waitlist of over 1.2 million users before going public.
The fresh capital will be used to strengthen the platform's lending capabilities and support its growth,
With over 15 years of experience, Basrani previously worked at OneCard, ICICI Bank and Visa.
Two years after the RBI halted commercial card-based vendor payments, the regulator has now turned its attention to another 'corporate credit card' structure.
A quick update on Visa’s move to discontinue the special pricing for utilities; and why TPG's JV with TCS to build AI data centres is not a mere coincidence.
Foxhog and its CEO Tarun Poddar are swiftly stepping into government corridors, IIT campuses, and media conclaves – all to burnish their image as a VC player.