Financials

Pravin Jadhav-led Dhan acquires media startup Filter Coffee

Pravin Jadhav-led Dhan acquires media startup Filter Coffee

27 Jan 2025, 23:25 PM

With Raise Financials, Filter Coffee will expand its content across short-form videos, and long-form storytelling, delivering fresh perspectives on India’s financial markets.

Jio, BlackRock JV sets up stock broking unit; invests Rs 117 crore in mutual fund unit

Jio, BlackRock JV sets up stock broking unit; invests Rs 117 crore in mutual fund unit

24 Jan 2025, 10:47 AM

The JV’s wholly owned subsidiary will be called 'Jio BlackRock Broking' -- which will undertake the business of broking.

RBI cancels NBFC licence of X10 Financial, backer of 30 digital loan apps

RBI cancels NBFC licence of X10 Financial, backer of 30 digital loan apps

22 Jan 2025, 14:22 PM

X10, according to the RBI, violated guidelines on the code of conduct in outsourcing of financial services in its digital lending operations.

Paytm Q3 revenue dips 36% yoy, loss narrows to Rs 208.5 crore

Paytm Q3 revenue dips 36% yoy, loss narrows to Rs 208.5 crore

20 Jan 2025, 23:38 PM

Employee benefits - the largest cost centre - stood at Rs 756 crore, compared to Rs 1,187 crore reported in Q3 FY24.

RBI lifts loan disbursal restrictions on DMI Finance, Asirvad Micro Finance

RBI lifts loan disbursal restrictions on DMI Finance, Asirvad Micro Finance

09 Jan 2025, 19:14 PM

In October, the banking regulator had barred four NBFCs to "cease and desist" from sanction and disbursal of loans.

MobiKwik Q2 FY25: Revenue at Rs 291 crore and Rs 3.5 crore loss

MobiKwik Q2 FY25: Revenue at Rs 291 crore and Rs 3.5 crore loss

07 Jan 2025, 19:13 PM

MobiKwik and Lendbox struck a deal where MobiKwik gave up Rs 24 cr in income for Q1 FY25, and in return, Lendbox waived Rs 42 cr in facilitation fees. These adjustments impacted MobiKwik's current quarter's revenue and expenses.

Mswipe posts flat revenue in FY24; payments biz turns profitable

Mswipe posts flat revenue in FY24; payments biz turns profitable

02 Jan 2025, 13:44 PM

On consolidated basis, Mswipe saw marginal fall in its losses at Rs 46.2 crore in FY24, from Rs 49 crore reported in FY23.

RBI sets up committee for ethical adoption of AI in financial sector

RBI sets up committee for ethical adoption of AI in financial sector

27 Dec 2024, 18:11 PM

The committee will recommend a framework including governance aspects for responsible, ethical adoption of AI models/applications in the Indian financial sector.

Mintifi profits more than tripled to Rs 92 crore in FY24

Mintifi profits more than tripled to Rs 92 crore in FY24

24 Dec 2024, 19:03 PM

Interest income from the disbursement of loans accounted for 80% of the revenue -- which increased 2x to Rs 308 crore in FY24.

Clear (Cleartax) revenue jumps; losses decline in FY24

Clear (Cleartax) revenue jumps; losses decline in FY24

14 Dec 2024, 00:29 AM

The company cut down its total expenses by 9.8% to Rs 310 crore in FY24, against Rs 343.67 crore reported in the previous fiscal.

Scripbox cuts FY24 losses by 62% as employee benefits cost decline

Scripbox cuts FY24 losses by 62% as employee benefits cost decline

14 Dec 2024, 00:13 AM

Scripbox's overall expenses was reduced by 25% to Rs 134.24 crore in FY24 from Rs 179.4 crore in FY23.

Digital lender CASHe reports 95% dip in FY24 profit

Digital lender CASHe reports 95% dip in FY24 profit

11 Dec 2024, 11:22 AM

CASHe’s total expenses increased by 22.4% to Rs 665.8 crore FY24, up from Rs 544.1 crore in FY23.

Plum Insurance posts Rs 41 crore in operating revenue in FY24

Plum Insurance posts Rs 41 crore in operating revenue in FY24

07 Dec 2024, 19:52 PM

The Tiger Global-backed Plum Insurance saw its losses decline by 54% to Rs 25.5 crore from Rs 55 crore in FY23.

OneCard posts 163% jump in FY24 revenues

OneCard posts 163% jump in FY24 revenues

06 Dec 2024, 22:22 PM

The company posted a net loss of Rs 401.15 crore in FY24, compared to Rs 405.66 crore in the previous fiscal year

Mosambee FY24 profit surges 86% to Rs 28 crore

Mosambee FY24 profit surges 86% to Rs 28 crore

05 Dec 2024, 12:39 PM

Mosambee's profits grew by 86.7% to Rs 28 crore in FY24, from Rs 15 crore reported in the previous financial year.

Wealth management startup Dezerv posts 95% jump in losses in FY24

Wealth management startup Dezerv posts 95% jump in losses in FY24

21 Nov 2024, 12:11 PM

The company reported Rs 1,009 crore in revenue for FY23. However, when it filed its FY24 financials, the FY23 numbers were reflected as Rs 10.22 crore only.

​​InsuranceDekho swings to profit with Rs 86 crore in FY24

​​InsuranceDekho swings to profit with Rs 86 crore in FY24

14 Nov 2024, 17:21 PM

InsuranceDekho's revenue from operations surged to Rs 743.6 crore for the fiscal year, ending March 2024 from Rs 96.5 crore reported in the previous fiscal.

Zaggle posts 64% jump in Q2 FY25 revenue; net profit up by 145%

Zaggle posts 64% jump in Q2 FY25 revenue; net profit up by 145%

13 Nov 2024, 20:43 PM

The net profit reached Rs 18.5 crore during the quarter compared to Rs 7.78 crore reported in Q2 FY24.

Fintech startup Jupiter sees 5x revenue jump in FY24

Fintech startup Jupiter sees 5x revenue jump in FY24

12 Nov 2024, 20:10 PM

The Peak XV-backed company saw its net losses go down to Rs 275.9 crore in FY24 compared to Rs 327 crore in FY23.

Payment aggregator firm Infibeam posts Rs 1016 crore in Q2 revenues

Payment aggregator firm Infibeam posts Rs 1016 crore in Q2 revenues

12 Nov 2024, 17:40 PM

The company's net profit after tax rose to Rs 47.47 crore, up 16.7% from Rs 40.69 crore earned in Q2 FY24.

Fintech Hightlights

  1. SME lender BizLoan raises Rs 35 crore from Michael & Susan Dell Foundation, others

  2. Pravin Jadhav-led Dhan acquires media startup Filter Coffee

  3. FlexiLoans announces key appointments

  4. Fino Bank employees defraud merchants of Rs 35.55 crore; investigation reveals misconduct

  5. Fintech small finance bank Slice in talks to raise $300 million
  6. Read more highlights...

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