Harshvardhan Lunia

After Fullerton control, Lendingkart gets its new CEO in Prashant Joshi

After Fullerton control, Lendingkart gets its new CEO in Prashant Joshi

16 Apr 2025, 11:07 AM

Joshi’s elevation comes amid strategic leadership changes following a majority stake acquisition by Temasek’s Fullerton Financial Holdings (FFH).

Fintech founders float new entity to seek RBI nod for SRO status

Fintech founders float new entity to seek RBI nod for SRO status

07 Apr 2025, 15:48 PM

Once approved, India Fintech Foundation (IFF) will be the second Fintech-SRO after Fintech Association of Consumer Empowerment (FACE).

SME lender Lendingkart sees marginal fall in FY24 profit

SME lender Lendingkart sees marginal fall in FY24 profit

26 Nov 2024, 23:36 PM

Revenue from co-lending - which accounted for 54% of the operating revenue - jumped by 88% to Rs 591 crore in FY24.

Fullerton to acquire controlling stake in Lendingkart

Fullerton to acquire controlling stake in Lendingkart

23 Oct 2024, 18:04 PM

The deal, which includes an investment of up to Rs 252 crore ($30 million), is awaiting regulatory approval.

Fintech Highlights

  1. Pine Labs to rope in Avendus executive as CFO

  2. MobiKwik enters stock broking business

  3. Morgan Stanley sells Rs 18 crore worth shares in Policybazaar parent

  4. At a Glance: Fintechs rule personal loan volume, but bank-like on gender thinking

  5. American Express to discontinue Amex Pay from July 31
  6. Read more highlights...

AI/Emerging Tech

  1. Sutskever steps into CEO role at own startup after Meta poaches Daniel Gross

  2. Elon Musk's xAI raises $10 billion to boost Grok platform

  3. Amazon introduces new generative AI model as it deploys 1 millionth robot

  4. AI Mode, ChatGPT or Perplexity - who's best at keeping kids active indoors on hot days

  5. Over 40% of agentic AI projects to be scrapped by 2027-end: Gartner
  6. Read more highlights...

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