Finova Capital

Techfino secures Rs 65 crore funding from Stellaris, Saison

Techfino secures Rs 65 crore funding from Stellaris, Saison

18 Jun 2025, 11:43 AM

The Bengaluru-based company will use the capital to double its branch network from 30 to 60 branches in the next 12 months.

Fino Bank reports growth in FY25 revenues, net profit

Fino Bank reports growth in FY25 revenues, net profit

08 May 2025, 14:38 PM

The bank's net profit grew to Rs 92.5 crore during the period, from Rs 86.2 crore in FY24.

SME lender Finodaya Capital raises $2.5 million led by White Venture Capital

SME lender Finodaya Capital raises $2.5 million led by White Venture Capital

25 Apr 2025, 17:16 PM

Finodaya will operate on a hybrid “phygital” model, blending digital services with a physical branch presence to streamline loan disbursement and underwriting.

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

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

27 Jan 2025, 16:08 PM

The payments bank hired KPMG to conduct an independent investigation.

Finova Capital raises $135 million in Series E

Finova Capital raises $135 million in Series E

05 Nov 2024, 02:49 AM

Existing investors Norwest Venture Partners, Peak XV Partners, Faering Capital, and Maj Invest also doubled down in the round.

Fintech Highlights

  1. Payments Council of India reappoints CCAvenue's Vishwas Patel as chairperson

  2. Avanse Financial Services raises $200 million in debt via ECB

  3. Motilal Oswal Mutual Fund hikes stake in Paytm

  4. Kiwi raises $23 million in Series B funding led by Vertex Ventures

  5. Kissht files draft paper for IPO, eyes Rs 1,000 crore via fresh issue
  6. Read more news...

AI/Emerging Tech

  1. OpenAI appoints ex Coursera exec Raghav Gupta as education vertical head for India, APAC

  2. Meta strikes licensing deal with Midjourney

  3. OpenAI warns against unauthorized investment vehicles

  4. Google inks cloud computing deal worth $10 billion with Meta

  5. OpenAI's chief people officer Julia Villagra steps down
  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