Page 13 of Fintech

These funds will also be used to build products on top of existing payment channels, enhance product distribution and make strategic acquisitions in the marketing technology and data sciences fields.

Fintech company Innoviti takes home $45 million from Singapore’s Panthera Growth Partners

Innoviti says its enterprise division is already profitable and expects to reach total break-even within the current financial year. The…

July 9, 2022 00:45 IST

In a survey conducted by RedSeer in April 2022, the consultancy firm found that traditional banking customers experience issues such as app crashes, down time, long wait times, tedious paper work ,and lack of transparency. These inconsistencies are in fact why users are shifting to nebanks.

New-age firms: No shortage of funding for neobanks

With an addressable market opportunity of more than 120 million potential users, analysts and consultants such as RedSeer expect neobanks…

June 24, 2022 05:00 IST

An email seeking the RBI’s response on this remained unanswered till the time of going to press.

PPI Norms: Fintech lenders may seek staggered transition to new wallet loading norm

One of the banks which has been growing its customer base in India using prepaid card-linked credit lines is yet…

June 24, 2022 03:45 IST

Pine Labs buys fintech startup Setu for $70 million

Setu was founded in 2018 by Sahil Kini and Nikhil Kumar. Its APIs and software bundles are used by hundreds…

June 24, 2022 02:15 IST

Explainer: Regulating Fintechs

The rule appears to be aimed at reining in lending activity by fintechs via NBFCs and probably stems from concerns…

Updated: June 23, 2022 09:43 IST

Proposed digital lending norms may aid penetration in BNPL lending

Banks, NBFCs and fintech companies are developing BNPL products aimed at those who do not have a credit history or…

June 22, 2022 13:11 IST

Bengaluru-based FinBox was started in 2017 by Rajat and Anant Deshpande, Srijan Nagar, and Nikhil Bhawsinka.

B2B fintech Finbox bags $15 million in its Series A round

FinBox is a business-to-business (B2B) credit infrastructure provider which enables any digital platform, fintech or non-fintech, to launch credit products…

June 20, 2022 16:55 IST

Financial planning: Women breaking financial shackles

LXME, a fintech startup, has created a platform that is allowing women to take charge of their finances and make…

June 20, 2022 04:45 IST

digital lending, fe modern bfsi, fintech

FE Modern BFSI Summit: Digital lenders must be brought under purview of RBI to protect end consumers

RBI’s role is to protect the end consumer, so these tech platforms that lend to the end consumers should be…

Updated: June 17, 2022 21:25 IST

8i Ventures partially exits seed investment in M2P Fintech

Its valuation has grown by 60X to $600 million since 8i Ventures led its seed round in January 2020, where…

June 14, 2022 09:04 IST

Kissht raises $80 million to expand product offering

The company aims to become the leading card issuer for the millennial customers in India and has over 100,000 merchants.

June 9, 2022 05:00 IST

Fintech unicorn Slice raises $50 million in Series C led by Tiger Global

In November 2021, Slice entered the unicorn club after raising $220 million in its Series B fundraise co-led by Tiger…

June 2, 2022 00:30 IST

Fintechs raise exposure to gig-economy workers as inflation raises loan demand

Lenders active in the segment believe the demand is arising out of an improvement in consumption trends with the pandemic…

May 31, 2022 00:20 IST

Financial institutions, including NBFCs, are also taking the mission forward by addressing some of the key challenges related to financial services for the under-banked and under-served populations.

Fintech-NBFC ties can boost inclusion

This will help in bringing the under-served population into the fold of mainline financial services, apart from widening the credit…

May 18, 2022 03:30 IST

AssetPlus was founded by two IIT-Madras graduates, Awanish Raj and Vishranth Suresh, and focuses on offering digital-first solutions to financial advisors and mutual fund distributors.

Fintech startup AssetPlus raises $3.6 million led by InCred, Rainmatter

Launched in 2018, the Chennai-headquartered fintech aims to utilise the funds to expand its business and include more financial products…

May 12, 2022 00:15 IST

RBI pitches for demarcation of roles to regulate Big Tech: ‘Responsibility of regulators must be identified’

Smaller firms with innovative capabilities should be incentivised, says central bank in its latest report on currency and finance

April 30, 2022 05:00 IST

BankBazaar IPO plans: Mulls listing in 2023; seeks to hire 1500 employees to expand product offerings

BankBazaar narrowed its negative EBITDA margin in fiscal 2022 to 25 per cent from negative EBITDA margin of 51.5 per…

Updated: April 7, 2022 17:48 IST

There are other enterpreneurs who have been building their fintech business from the city.

Successful fintech firms: Pune has new claim to fame

More and more successful fintech companies are emerging from Pune, with the several advantages it offers turning the city into…

April 4, 2022 02:30 IST

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