Fintech News
Tazapay to expand Bengaluru team to over 150 in 18 months
The hiring will focus on engineering, product and treasury operations.
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Innoviti FY26 revenue from operations down around 17%
Innoviti's net loss narrowed by 57% to Rs 26.7 crore in FY26 from Rs 62.1 crore in the previous fiscal.
Fintech News
Beams Fintech Fund leads Rs 215 crore investment in Business Nextgen Finance
The round also saw participation from Baring Private Equity India, Saison Capital Pte. Ltd. and UNLEASH, along with other investors.
Fintech News
WhatsApp rolls out bill payments in India
The service is powered by the Bharat Connect (BBPS) network and provides access to 22,722 billers across 30 categories.
Fintech News
Slice raises $100 million led by Neo Wealth at $450-465 million valuation
The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.
Fintech News
Zerodha gets SEBI approval for merchant banking
The approval marks another step in Zerodha’s strategy to diversify its business outside core stock broking.
Fintech News
Alpha Wave nears complete exit from Pine Labs with Rs 550 crore share sale
ICICI Prudential Life Insurance Company was the largest buyer in the transaction, acquiring 1.03 crore shares worth nearly Rs 160 crore.
Fintech News
Pine Labs ropes in Razorpay's Jayaram Karthik as COO
Karthik brings more than 25 years of experience spanning operations, technology, analytics, and risk management.
Fintech News
Travel fintech Niyo acquires Capital India Finance's forex business RemitX
Certain assets of the RemitX forex and cross-border business will be transferred to Niyo's subsidiary Kanji Forex.
Fintech News
PhonePe expands UPI access to feature phones with offline payment service
The service will be available on select devices from Nokia, HMD, Lava International, and Itel Mobile, with more handset partnerships expected in the coming months.
Fintech News
Slice strengthens board with ex-SBI, ICICI Bank executives
The appointments have been approved by the company’s board, and the Reserve Bank of India (RBI) has also cleared Samir Sawhney’s appointment as Executive Director.
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Exclusive: Credit Saison shuts down fintech lending infra unit Aumnee
The Japanese financial services group took the decision to wound down its lending-infrastructure business in December.
Fintech News
Y Combinator trims Groww stake, sells shares worth Rs 1,435 crore
The transaction marks Y Combinator’s second significant share sale in Groww this year after the six-month lock-in period for investors ended following the startup's listing late last year.
Fintech News
Rezolv raises Series A funding led by Norwest
The round also saw participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.
Fintech News
IRDAI issues advisory and show cause notice to Policybazaar following inspection
PB Fintech stated that the advisory does not have any material financial impact on the company.
Fintech News
MOS Utility appoints ex-M2P Fintech exec Atish Shelar as group CEO
Shelar will focus on strengthening MOS Utility’s business ecosystem and scale its digital financial services portfolio...
Fintech News
Paytm CEO, CFO get SEBI notice over 2023 small-loan disclosure
The matter relates to Paytm’s December 6, 2023 announcement that it would reduce the distribution of personal loans below Rs 50,000, particularly its postpaid loans.
Fintech News
PayU rolls out payment checkout for visually impaired users
The offering is designed to comply with the accessibility requirements of the Reserve Bank of India (RBI) under BIS IS 17802 standards.
Fintech News
Optimo Capital bags Series A funding from founder Prashant Pitti, Blume, Omnivore
In addition, the company raised Rs 110 crore in debt from IDFC and Axis Bank.
Fintech News
MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer
The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.
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