Fintech Start-ups

Fintech major PhonePe on Tuesday said it has crossed 50 million lifetime registered merchants on its platform. The IPO-bound company noted its expansion from offering QR code-based payment solutions to providing a full-stack suite of financial tools, including working capital loans, Point-of-Sale (POS) terminals, and SmartSpeakers. "Reaching 50 million merchants is a significant milestone in our effort to make financial services more accessible to merchants across India. For many of our partners, the journey began with a simple QR code, but that relationship has since matured. Today, digital payments serve as a gateway to a wider range of formal services, including credit," Yuvraj Singh Shekhawat, Chief Business Officer, Merchant Business, PhonePe, said. Launched in 2016, PhonePe has over 65 crore registered users. The latest development comes as the company prepares for its initial public offering (IPO), having recently filed an updated draft red herring prospectus (UDRHP-I) with .

Fintech firms are accelerating co-branded RuPay credit card launches as UPI linkage drives small-ticket credit use, boosts transaction volumes, and deepens integration of credit into everyday digital

General Catalyst leads Xflow's $16.6 mn Series A at an $85 mn valuation, as the fintech backed by Stripe and PayPal Ventures plans expansion after a breakout year

The Rs 500 crore micro VC fund will invest in 36 early-stage startups across premium consumption, fintech, AI, and deep tech themes

Fintech Kiwi introduces interest-backed EMI on UPI, offering cashback on interest across tenures, as it expands credit access and targets one million credit cards

Stricter collection protocols mean you can't push credit as in the past (its return leg has to be taken into account); business models may have to be tweaked even as fintech funding heads southwards

Saurabh Dwivedi joins as CTO to head payments, financial services, platform and InfoSec as MobiKwik focuses on AI-led tech; Dhruv Wadhera elevated to SVP

The sharp markdown despite backing from existing investors reflects growing investor caution and a broader recalibration in the Indian fintech and credit-led ecosystem

MobiKwik Co-Founder Upasana Taku says India's fintech sector holds vast growth potential, with innovation, inclusion, and diversification driving the next decade

The Tiger Global Management-backed company is focused on becoming profitable on a consolidated basis across all business verticals, said Shashank Kumar, co-founder and managing director of Razorpay

Demonetisation and the pandemic drove India's digital transformation in financial services. Companies built unique use cases around UPI

Cedar-IBSi Capital on Saturday said it is looking to invest in 10-15 startups working in the banking and insurance technology segment to expand its footprint in the country. "The fund plans to build a portfolio of the companies, allocating a budget within the range of Rs 4-10 crore, with an intensified focus on financially strengthening 8 to 10 high-performing companies," it said. The fund has already gathered commitments in the range of Rs 50-75 crore from its Rs 240 crore early-stage fund launched in 2023, it added. "We are focusing on investing in startups which offer unique products and innovative tech to help improve efficiency at financial institutions. We have made our first investment in Cogniquest, an intelligent document processing tech company and are looking forward to announcing our second investment shortly," Sahil Anand, Founder and Managing Partner, Cedar-IBSi Capital, said. The business-to-consumer disruption has taken place in the last 5-8 years, but the software

After Paytm's disappointing performance after listing in 2021, the markets have evolved and the fintech ecosystem has matured with greater regulatory clarity from the RBI

Amid growing financial uncertainty, Jar enables Indians to save in digital gold, offering small daily investments and options for jewellery conversion through its platform

Tune in to hear Akshay Mehrotra, CEO of Fibe, discuss how they provide credit to youth and the key marketing tactics reshaping the fintech landscape!

In this episode of Manager's Mantra, we are joined by Mr. Rishabh Goel, co-founder of Credgenics—an emerging FinTech company on its way to achieving unicorn status.

IPO filings have surged, nearly doubling from an average of 75 per year in 2018-2019 to 120-140 annually between 2021 and 2023, according to a new report

Treasury risk consulting firm White Matter Advisory on Monday announced the acquisition of a 90 per cent stake in fintech startup Fairexpay for an undisclosed amount. The acquisition will help White Matter Advisory in expanding its portfolio in the area of cross-border remittance and fund collection services, a release said. White Matter Advisory, operating under the name SaveDesk (White Matter Advisory India Pvt Ltd), is in the treasury risk advisory sector. It oversees funds under management (FUM) totalling USD 8 billion, offering advisory services to a wide range of clients. Bangalore-based White Matter Advisory helps businesses navigate the complexities of treasury and risk management. Fairexpay, authorised by the Reserve Bank of India (RBI) under Cohort 2 of the Liberalized Remittance Scheme (LRS) Regulatory Sandbox, boasts features, including best-in-class FX rates, 24-hour processing time, and comprehensive security compliance. "With this acquisition, White Matter Advisory

The firm recorded a 19 per cent year-on-year increase in flight bookings on the platform in Q4FY24

Groww joins an increasing number of startups planning to move their domiciles to the country