Bank of America picks 49.9% stake Jio Credit for $1.9 billion
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
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BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
The SoftBank-backed company's net profit, however, rose 21% increase to Rs 724 crore in FY26 from Rs 597 crore in FY25.
The latest approval comes after Vested received an IFSCA Global Access Provider (GAP) licence in April.
BharatPe objected to Unity Bank's proposal that sought to amend the MoA to facilitate the conversion of some 90 crore warrants into CCPS.
The company’s net profit increased 17% to Rs 438 crore in FY26 from Rs 374 crore in the previous fiscal.
The investment comes soon after Neo secured funding from TVS Capital earlier in March.
The latest action is part of the RBI’s ongoing efforts to strengthen oversight of the NBFC sector.
With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses.
Raise Financial plans to invest $15 million to build a direct consumer insurance distribution platform.
The approval for the stock broking business covers fixed-income instruments like corporate bonds, government securities, and treasury bills.
Dream Sports' entry into stock broking comes at a time when the industry already has established new-age players.
These reports are the most comprehensive, portfolio-first examination of fintech and financial services playbook of Peak XV, Elevation and Accel to date.
Previously, Maheshwari has held senior leadership positions at Twitter India, Flipkart, and Intuit.
The financial services company posted losses of Rs 126 crore in the financial year ended March 31, 2025.
The startup will use the funds for developing a tech-based lending platform and expanding their customer base in India.
We write how India's Economic Survey paints an upbeat picture of fintech-driven growth, but reality is far more cautious; Activate's Pratyush Choudhury take on vibe coding.
The funding round saw participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund.
This report by The Head and Tale is the most comprehensive, portfolio-first examination of Peak XV's fintech and financial services playbook to date.
InCred's NBFC arm plans to raise approximately Rs 4,000-5,500 crore to strengthen its capital base.
Jio's payment aggregator arm, led by ICICI Bank veterans, is tapping deep banking ties and Reliance's war chest to take on India's biggest fintech players.