Enforcement Directorate

BNPL startup Simpl under ED scanner over Rs 913 crore FDI violation

BNPL startup Simpl under ED scanner over Rs 913 crore FDI violation

25 Jul 2025, 12:17 PM

The ED has filed a complaint against Simpl and its founder Nithya Nand Sharma for allegedly violating FEMA provisions.

Peak XV-backed Probo under ED lens: Rs 284 crore assets seized amid online betting allegations

Peak XV-backed Probo under ED lens: Rs 284 crore assets seized amid online betting allegations

11 Jul 2025, 19:21 PM

The investigation revealed that the Probo platform defrauds its users by initially promoting a "deceptive image of a legitimate skill-based platform, only to ultimately exploit them through a betting mechanism..."

PayU, Razorpay, Cashfree, Easebuzz under ED probe in cryptocurrency scam

PayU, Razorpay, Cashfree, Easebuzz under ED probe in cryptocurrency scam

24 Jan 2025, 16:17 PM

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.

Fintech Highlights

  1. BharatPe partners with Unity Small Finance Bank for EMI-driven credit card

  2. Stock broker Groww gets Sebi nod for $1 billion IPO

  3. PCI Security Standards Council sets up first India-South Asia regional engagement board

  4. Aye Finance net profit halves to Rs 30 crore in June quarter

  5. TransBnk raises $25 million in Series B funding led by Bessemer Venture Partners
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AI/Emerging Tech

  1. Reliance launches AI unit, strikes separate partnerships with Meta, Google Cloud

  2. Google to invest additional $9 billion to expand Virginia data center network through 2026

  3. OpenAI's evaluation shows rival Anthropic' Claude models less hallucinatory

  4. Elon Musk’s xAI, X sue Apple and OpenAI over antitrust claims

  5. OpenAI appoints ex Coursera exec Raghav Gupta as education vertical head for India, APAC
  6. Read more news...

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality