Fraud

MobiKwik reports Rs 1.26 crore fraud by ex-employee

MobiKwik reports Rs 1.26 crore fraud by ex-employee

28 Mar 2025, 21:39 PM

The Gurugram-based fintech claims that the employee embezzled the funds from August 2023 to September 2024 by altering merchant details.

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

12 Mar 2025, 19:08 PM

By the end of the financial year 2024, the total loss due to cyber fraud had reached Rs 177 crore, with 29,082 cases recorded across the country.

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.

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

26 Nov 2024, 23:13 PM

According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

24 May 2024, 23:17 PM

The Delhi High Court also asked BharatPe's former MD to deposit his Emirates ID issued by the UAE government.

Fintech Highlights

  1. Raise Financial Services appoints Amit Gupta as new group CFO

  2. Paytm posts net profit of Rs 123 crore in April-June

  3. EduFund raises $6 million in Series A funding

  4. Crypto exchange CoinDCX loses $44 million in hack

  5. Altum Credo raising additional Rs 100 crore in extended Series C funding
  6. Read more news...

AI/Emerging Tech

  1. AI agent enablr Composio raises $25 million in Series A

  2. Perplexity AI in talks with phone makers to pre-install Comet browser

  3. Nvidia's H20 AI chip stock for China falls short

  4. Anysphere acquiring top engineers from AI-powered CRM startup Koala

  5. Perplexity ties up with Bharti Airtel to provide 12-month free Pro subscription
  6. Read more news...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case