Matrix India

Wealth-tech startup Stable Money raising $20 million led by Nandan Nilekani

Wealth-tech startup Stable Money raising $20 million led by Nandan Nilekani's Fund, others

29 May 2025, 15:47 PM

Stable Money is raising Rs 173 crore (around $20 million) in a round led by Fundamentum Partnership Fund, with participation from Z47, Lightspeed India...

Metal card startup OneCard raising $28 million in new funding round

Metal card startup OneCard raising $28 million in new funding round

26 Nov 2024, 23:12 PM

The company has already secured $8.5 million (Rs 71.4 crore) with the rest to come in one or more tranches.

Zodius exits OfBusiness in $100 million share sale: report

Zodius exits OfBusiness in $100 million share sale: report

23 Oct 2024, 17:59 PM

Z47 (previously known as Matrix India Partners), an early investor in the Gurugram-based fintech and commerce startup, is also looking to sell its stake.

Fintech Highlights

  1. RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

  2. PhonePe rolls out ESOP buyback of Rs 700-800 crore ahead of IPO

  3. CoinDCX sees more top-level executive exits

  4. Avanse net profit jumps 47% to Rs 502 crore in FY25

  5. PhonePe, SIDBI team up to digitize Udyam Assist registration for micro enterprises
  6. Read more news...

AI/Emerging Tech

  1. Micro1 raises Series A funding led by VC firm founded by former X executives

  2. OpenAI set for restructure under non-binding deal with Microsoft

  3. Mistral AI attracts $2 billion in Series C led by ASML

  4. Cognition AI raises $400 million in new funding led by Founders Fund

  5. Former Scale AI executive founded AI startup Isotopes AI bags $20 million in seed funding
  6. Read more news...

Money & Machines

  1. What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

  2. Journalism was already dying — AI wasn't the culprit

  3. IRCTC enters payments where giants bleed; RIP of RIP in AI

  4. Fintech founders shaping policy; India on AI map?

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
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