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. Clear axes around 25% of its workforce

  2. Razorpay ties up with Cred, Visa for new solution to improve conversion at checkout

  3. Antfin looks to fully exit Paytm via Rs 3,800 crore share sale

  4. IRDAI imposes Rs 5 crore fine on Policybazaar for regulatory violations

  5. IPO-bound SME lender Aye Finance posts Rs 1500 crore in revenue in FY25
  6. Read more news...

AI/Emerging Tech

  1. ChatGPT set to hit 700 million weekly active users

  2. Mistral in talks to raise $1 billion

  3. Apple creates new team to build ChatGPT-like app

  4. Google rolls out Deep Think for Gemini app

  5. SiMa.ai raises $85 million led by Maverick Capital
  6. Read more news...

Editor's Pick

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

  2. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

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