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Exclusive: Reserve Bank of India cracks down on misuse of education payments

Exclusive: Reserve Bank of India cracks down on misuse of education payments

27 Feb 2026, 16:23 PM

The RBI has directed payment aggregators to stop the misuse of education merchant category codes (MCC)...

EduFund raises $6 million in Series A funding

EduFund raises $6 million in Series A funding

22 Jul 2025, 12:37 PM

The company also aims to boost its loan portfolio and strengthen its presence in secondary and tertiary cities across India.

Varthana raises Rs 75 crore in debt funding from OfBusiness, others

Varthana raises Rs 75 crore in debt funding from OfBusiness, others

20 Apr 2025, 20:27 PM

OfBusiness and Oxyzo invested Rs 27.5 crore each, while Ambium Finserve and IKF Finance contributed the remaining Rs 20 crore.

Student lending platform Leap Finance raises $100 million debt from HSBC

Student lending platform Leap Finance raises $100 million debt from HSBC

05 Mar 2025, 22:41 PM

Leap Finance will use the funds to expand its presence across US, expand university partnerships, and strengthen its presence in India.

Education financing startup Lorien Finance raises $2.25 million led by FlatIronX

Education financing startup Lorien Finance raises $2.25 million led by FlatIronX

28 Feb 2025, 15:53 PM

Additional investors include Seedstars International Ventures, Ahimsa Capital, ex-Paytm COO Bhavesh Gupta, ex-BharatPe MD Ashneer Grover, others.

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Fintech Highlights

  1. Groww doubles profit as revenue crosses Rs 1,500 crore in Q4 FY26

  2. FinBox co-founder & COO Anant Deshpande steps down

  3. Online Gaming Act, regulator to come into force from May 1

  4. Neokred founders sent to judicial custody in betting-related GST evasion probe

  5. Rainmatter backs PrimeInvestor, founded by former FundsIndia.com co-founder
  6. Read more news...

AI/Emerging Tech

  1. LightFury Games bags $11 million from Blume, MS Dhoni, others

  2. OpenAI and Infosys partner to scale AI across enterprises

  3. Kabeer Biswas' startup M attracts funding from Peak XV, Blume, Cred

  4. Apple names John Ternus CEO as Tim Cook becomes executive chairman

  5. Pentathlon Ventures leads seed funding in Intellithink
  6. Read more news...

IPO Tales

  1. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  2. Shiprocket IPO: A profitable core, costly emerging bets

  3. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

  4. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor
  5. Read more news...

Money & Machines

  1. 'Guilty, until proven innocent'; The ARR illusion

  2. Rishi Gupta is out on bail. What next?; The cost of frivolous AI use

  3. Fintechs' Dubai Dream; Founders' AI Second Act

  4. A CEO arrested, hearing delayed; Sarvam's AI pitch
  5. Previous editions...

PE/VC Tales

  1. Enterprise bets pay off as Arali Ventures eyes ‘larger’ third fund

  2. TDV Partners bullish on consumer over AI, plans bigger fund

  3. Peak XV top partners exit, a key retention marks a week of upheaval

  4. Silverneedle eyes 10x larger second fund, plans first semiconductor bet
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]