Explore the latest news, in-depth reports, and executive analysis tagged with #Fintech.
The appointments have been approved by the company’s board, and the Reserve Bank of India (RBI) has also cleared Samir Sawhney’s appointment as Executive Director.
The Japanese financial services group took the decision to wound down its lending-infrastructure business in December.
The transaction marks Y Combinator’s second significant share sale in Groww this year after the six-month lock-in period for investors ended following the startup's listing late last year.
The court said police can freeze bank accounts during an investigation without prior Magistrate approval, while also upholding scrutiny of Jar’s digital-gold business under criminal law.
The round also saw participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.
PB Fintech stated that the advisory does not have any material financial impact on the company.
Shelar will focus on strengthening MOS Utility’s business ecosystem and scale its digital financial services portfolio...
The venture capital firm has already deployed more than Rs 100 crore across seven startups, including EtherealX and Zebu Intelligent Systems.
The matter relates to Paytm’s December 6, 2023 announcement that it would reduce the distribution of personal loans below Rs 50,000, particularly its postpaid loans.
The offering is designed to comply with the accessibility requirements of the Reserve Bank of India (RBI) under BIS IS 17802 standards.
This video captures the economics, the loopholes, who actually wins if MDR returns, and why the government might be playing a longer game than just UPI.
The acquisition also gives GalaxEye access to StarOps’ qualified satellite bus platforms in the 50 kg, 150 kg and 250 kg categories.
More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.
BlackSoil said it backed the transaction citing Mintoak's banking partnerships, profitable growth and scalable business model.
Talking about his fund, LPs, investment strategy, Cedar Hill Capital's founder Sahil Anand said raising capital remains challenging.
In addition, the company raised Rs 110 crore in debt from IDFC and Axis Bank.
The investment round also saw participation from prominent angel investors including Abhishek Goyal (Tracxn) and Mekin Maheshwari (Flipkart).
The startup will use the fresh investment to expand its team in Bengaluru and London.
The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.
