Digital Payments

Go Digit gets High Court relief on Rs 170 crore GST demand for now

Go Digit gets High Court relief on Rs 170 crore GST demand for now

11 Jul 2025, 18:22 PM

The ruling, made earlier this week, relates to alleged tax dues of Rs 154.8 crore and penalties of Rs 15.48 crore for the period between July 2017 and March 2022.

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

30 Jun 2025, 18:30 PM

The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.

Flexiloans bags $44 million in Series C round

Flexiloans bags $44 million in Series C round

11 Jun 2025, 13:57 PM

Flexiloans will use the fresh capital to boost its operations, improve product offerings and upgrade its infrastructure.

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.

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

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

28 May 2025, 17:01 PM

A decade-old debate ends with government formalizing oversight of payments through Payments Regulatory Board, redefining roles across RBI, NPCI and fintech.

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, 04:04 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).

RNFI Services acquires Payworld Digital

RNFI Services acquires Payworld Digital

10 Apr 2025, 02:14 AM

RNFI, which singed a binding offer to acquire Payworld in October 2024, has acquired Payworld Digital and its wholly owned subsidiary, Smart Payment Solutions

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.

Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

17 Mar 2025, 20:11 PM

As of now, state-owned General Insurance Corporation of India (GIC Re) is the only reinsurer in the country.

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

12 Mar 2025, 19:08 PM

By the end of the financial year 2024, the total loss due to cyber fraud had reached Rs 177 crore, with 29,082 cases recorded across the country.

Insurtech company Go Digit buys stake in Dr. Reddy’s Lab for Rs 30 crore

Insurtech company Go Digit buys stake in Dr. Reddy’s Lab for Rs 30 crore

27 Feb 2025, 00:37 AM

The investment in shares is being made in the ordinary course of the investment function of the company, Go Digit said.

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, 17:33 PM

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

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, 23:46 PM

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

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.

VuNet Systems raises Rs 60 crore in Series B led by Pravega Ventures

VuNet Systems raises Rs 60 crore in Series B led by Pravega Ventures

24 Jan 2025, 15:30 PM

The funding round also saw participation from Kotak Securities and existing investors.

Fintech Highlights

  1. Jupiter Money gets IRDAI approval to enter insurance distribution space

  2. Phi Commerce raises $6 million part of Series B round

  3. BNPL startup Snapmint swings to net profit in FY25: report

  4. Infibeam Avenues completes Rs 700 crore rights issue

  5. Insurtech platform Plum sets up health vertical
  6. Read more highlights...

AI/Emerging Tech

  1. IBM opens Agentic AI Innovation Center in India

  2. Google rolls out Gemini 2.5 Pro, Deep Search to AI Mode in Search

  3. AI coding startup Lovable hits unicorn status after $200 million fundraise

  4. QpiAI raises $32 million in Series A funding

  5. Scale AI fires 14% employees after Meta's mega investment
  6. Read more highlights...

Editor's Pick

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

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case