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Neobank

Jupiter Money gets IRDAI approval to enter insurance distribution space

Jupiter Money gets IRDAI approval to enter insurance distribution space

17 Jul 2025, 12:41 PM

The licence allows Jupiter to sell both life and general insurance policies through its app.

Crypto neobank startup PlutoPe bags pre-seed funding

Crypto neobank startup PlutoPe bags pre-seed funding

13 Jun 2025, 12:40 PM

The startup has raised $500,000 in a pre-seed funding round led by Indian investor Manit Gupta.

Open, but not Transparent: Inside the Cracks at India’s 100th Unicorn

Open, but not Transparent: Inside the Cracks at India’s 100th Unicorn

12 Jun 2025, 11:53 AM

Once celebrated for disrupting SME banking with its neobank model, Open’s journey since hitting the $1 billion mark in 2022 has been anything but smooth.

Cross-border neobank Zolve raises $251 million in equity and debt

Cross-border neobank Zolve raises $251 million in equity and debt

12 Mar 2025, 20:34 PM

The Series B round was led by Creaegis, with participation from HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors. This also includes a $200 million warehouse line (debt).

Neobanking platform Jupiter sees senior-level exits amid cost-cutting drive

Neobanking platform Jupiter sees senior-level exits amid cost-cutting drive

12 Mar 2025, 20:24 PM

Prithvi Raj Tejavath, business head - investments, Vivek Agarwal, operations platform head - investments, and Aastha Sood, director-products have resigned from the Bengaluru-based fintech.

Fintech startup Jupiter sees 5x revenue jump in FY24

Fintech startup Jupiter sees 5x revenue jump in FY24

13 Nov 2024, 00:40 AM

The Peak XV-backed company saw its net losses go down to Rs 275.9 crore in FY24 compared to Rs 327 crore in FY23.

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

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

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

  4. Former Scale AI executive founded AI startup Isotopes AI bags $20 million in seed funding

  5. OpenAI acqui-hires Xcode coding assistant Alex

  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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