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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.
Leap Finance will use the funds to expand its presence across US, expand university partnerships, and strengthen its presence in India.
The deal is expected to enable Mintoak's partner banks, including HDFC Bank, Axis Bank, SBI to offer more comprehensive CBDC-related payment solutions to their clients.
The proceeds will be used to expand its partnerships to over 25 financial institutions, enhance its AI-driven technology stack, and strengthen its presence.
This capital will enable InsuranceDekho to expand reach, enhance tech-driven offerings, and solidify position, the company's founder Ankit Agrawal said.
Additional investors include Seedstars International Ventures, Ahimsa Capital, ex-Paytm COO Bhavesh Gupta, ex-BharatPe MD Ashneer Grover, others.
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.
The investment in shares is being made in the ordinary course of the investment function of the company, Go Digit said.
Post acquisition, InCred Global Wealth will manage assets exceeding $2 billion across Dubai, Singapore, and London.
The company has appointed Rajiv Naresh as the CEO of Navi Technologies Limited and Abhishek Dwivedi as the CEO of Navi Finserv Limited.
In April last year, the RBI restricted Kotak Mahindra Bank from onboarding new customers through online channels and issuing new credit cards.
This license from NPCI enables RediffPay to offer Unified Payments Interface (UPI) services to its users.
With Raise Financials, Filter Coffee will expand its content across short-form videos, and long-form storytelling, delivering fresh perspectives on India’s financial markets.
The scam reportedly amassed over Rs 2,200 crore from individuals across 20 states. The 'proceeds of the crime' were transferred out of the country.
X10, according to the RBI, violated guidelines on the code of conduct in outsourcing of financial services in its digital lending operations.
While the portfolio outstanding in PL category has grown Rs 12.1 lakh crore in H1 FY24 to Rs 13.7 lakh crore between April-September 2024 period.
InsuranceDekho founder and CEO Ankit Agrawal and other top officials of the startup were not present in the office at the time of raid.
The market share of the Vijay Shekhar Sharma-led fintech further plummeted to 6.87% in the month of December.
KredX becomes the fifth platform in the country to launch its invoice discounting solution under the brand name 'DTX' (Domestic Trade Exchange) on TReDS.
Of the total employees asked to leave, 30 were from its Gurugram office and the remaining from its Mumbai and Bengaluru teams.
