Fintech News
Neobank Fi closes banking services on its platform
Fi had launched banking services in partnership with Federal Bank in 2021.
TOPIC COVERAGE
#Neobank
Explore the latest news, in-depth reports, and executive analysis tagged with #Neobank.
Fintech News
Jupiter raises $15 million from existing investors Mirae Asset, Beenext, 3one4
Jitendra Gupta, founder, Jupiter Money, also invested in the round in his personal capacity.
Fintech News
Niyo FY25 revenue up 32% to Rs 123.4 crore, narrows losses
Niyo's net losses narrowed to Rs 77.8 crore in FY25 from Rs 143.5 crore in the previous financial year.
Fintech News
Open FY25 revenue almost doubles to Rs 46 crore, net loss at over Rs 100 crore
Total expenses of the startup fell 18% to Rs 160 crore in the last financial year from Rs 195 crore in FY24.
Fintech News
Jupiter Money gets IRDAI approval to enter insurance distribution space
The licence allows Jupiter to sell both life and general insurance policies through its app.
Fintech News
Crypto neobank startup PlutoPe bags pre-seed funding
The startup has raised $500,000 in a pre-seed funding round led by Indian investor Manit Gupta.
Deepdives
Open, but not Transparent: Inside the Cracks at India’s 100th Unicorn
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.
Fintech News
Cross-border neobank Zolve raises $251 million in equity and debt
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).
Fintech News
Neobanking platform Jupiter sees senior-level exits amid cost-cutting drive
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 News
Fintech startup Jupiter sees 5x revenue jump in FY24
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.