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Education

The MCC loophole: How it grew into a Rs 3,000 crore problem

The MCC loophole: How it grew into a Rs 3,000 crore problem

09 Jun 2026, 17:47 PM

The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.

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.

Who Reads Us

Fintech Highlights

  1. Kissht gets AMFI registration for mutual fund distribution biz

  2. Finova Capital FY26 revenue up 21% to Rs 921 crore, net profit falls 11%

  3. Groww Q1 revenue up 66% to Rs 1,501 crore, net profit surges 94%

  4. InsuranceDekho targets September DRHP filing for Rs 2,500-3,000 crore IPO

  5. Accel-backed Scripbox elevates Mohankumar Swaminathan to Chief Product Officer
  6. Read more news...

AI/Emerging Tech

  1. Thinking Machines Lab launches its first AI model Inkling

  2. SwitchOn secures pre-Series B funding led by IvyCap Ventures

  3. KuhlTherm bags seed funding led by Arkam Ventures

  4. Emergent raises Series C funding round led by Creaegis at unicorn valuation

  5. E3 Electric.Ai raises Series A funding led by BluVenture Holdings
  6. Read more news...

IPO Tales

  1. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

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

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

  4. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test
  5. Read more news...

Money & Machines

  1. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge

  2. Money & Machines: Pricing Razorpay; Where is Indian PE in AI?

  3. Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]

  4. Money & Machines: MobiKwik's Third Lending Act; The Entry-Level Squeeze
  5. Previous editions...

PE/VC Tales

  1. Inside the fintech bets of Blume Ventures

  2. There's much more to AI than just agentic AI: Inflexor's Harsha Mundhada

  3. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high

  4. Micro VCs: Fueling India's startup pipeline or distorting it?
  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]