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. Simpl lays off 80-100 employees after RBI crackdown

  2. India's payments revolution faces a new test: Securing a growing ecosystem

  3. Fintech platform Ignosis raises $4 million led by Peak XV's Surge

  4. Zerodha reports 40% fall in brokerage income amid regulatory headwinds

  5. UNLEASH Capital Partners hits final close of first fund at Rs 300 crore
  6. Read more news...

AI/Emerging Tech

  1. Anthropic ropes in ex-Stripe CTO Rahul Patil as chief technical officer

  2. OpenAI valuation touches $500 billion as employees sell shares

  3. OpenAI partners with Samsung, SK to expand AI infra under Stargate project

  4. Thinking Machines Lab unveils first product Tinker

  5. Former Google, OpenAI researchers floated startup Periodic Labs bags seed funding
  6. Read more news...

Money & Machines

  1. What happened after the gaming ban story; VCs' hunt for 'Lovable' in India

  2. RBI brings the wild west under regulatory fold; Hello, AI friend

  3. The same fate of two digital lending posterboys; Healthcare not AI ready?

  4. Reliance's startup moment; Amazon, Flipkart's NBFC play
  5. Previous editions...

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