Page 5 - Ajinkya Kawale

Fibe files IPO papers; plans ₹750 crore fresh issue, 40 million-share OFS

Digital lender's proposed public issue comprises a Rs 750 crore fresh issue and an offer-for-sale of more than 40 million shares by existing investors

PE/VC investment value declines 24% in May, says EY-IVCA report

Private equity and venture capital investments fell to $2.1 billion across 76 deals in May as geopolitical tensions and valuation mismatches dampened deal activity, EY-IVCA said

Prosus' India revenue up 13%; PayU turns profitable, Swiggy offsets gains

Dutch technology investor reports $781 million India revenue in FY26 as PayU posts positive adjusted Ebitda for the first time, while Swiggy's quick-commerce investments weigh on profits

GIFT City to offer fintechs runway that home turf doesn't to drive growth

Indian fintech firms are expanding into cross-border payments via GIFT City, leveraging IFSCA's PSP licence to tap trade finance, treasury and capital market opportunities

Indian fintechs eye overseas licences as they push into global markets

Cross-border payment firms are seeking licences in markets such as Canada, the US and Singapore as they look to build a multi-country presence beyond India

CoinDCX user base rises 16% in H1CY26 as trading value declines 37%

The crypto exchange added 3 million registered users in the first half of CY26, while trading value declined amid evolving market dynamics and growing institutional participation

Meta invests $900 mn in Cred, Kunal Shah to head WhatsApp globally

Meta acquires a minority stake in Cred through a $900 million investment and appoints founder Kunal Shah as global head of WhatsApp

Agent marketplace one of our large bets, says PayU CPO Manas Mishra

PayU is building AI-powered tools and agent marketplaces as it bets on agentic commerce and payments becoming the next frontier in digital transactions

Smaller AI models likely powering India's escalating deepfake menace

Cheap, customised AI tools are making deepfake scams harder to detect, exposing banks, fintechs and consumers to rising fraud risks

NPCI unveils Drunix to support blockchain and tokenisation ecosystems

The open-source platform is designed to help enterprises build blockchain networks, digital asset ecosystems and tokenisation platforms at scale

Low-cost AI models are fuelling India's growing deepfake fraud threat

Customised applications built on open-source AI models are enabling sophisticated deepfake frauds at lower costs, raising concerns across banking, fintech and digital platforms

Razorpay moves closer to market debut with confidential IPO filing

The fintech major has confidentially filed draft papers with Sebi for an IPO that could raise ₹5,000-6,000 crore and value the company at up to ₹60,000 crore

India needs a complete sovereign AI stack, not just models: Bessemer

Bessemer Venture Partners says India's AI ambitions must extend from compute and data infrastructure to agents, services and robotics

RBI issues payment system authorisation norms under new master directions

The new framework consolidates existing regulations and introduces perpetual authorisation for payment system operators subject to regulatory compliance

Fintechs get boost from global AI firms as payment processing demand rises

Growing demand for AI services in India is creating a fast-expanding cross-border payments opportunity for domestic fintech companies

Fintech firm Razorpay's confidential DRHP filing likely this month

The Bengaluru-based fintech firm is expected to seek a valuation of ₹50,000-60,000 crore through an IPO that could raise ₹5,000-6,000 crore

India shouldn't look to West for agentic payment protocols: Pine Labs CEO

Pine Labs has launched an agentic payments protocol for UPI transactions, with CEO Amrish Rau calling for India-led standards in autonomous commerce

RBI asks banks to assess AI risk gaps, draw action plan by June-end

RBI has directed banks to assess cyber risks from advanced AI models such as Claude Mythos and submit mitigation plans by June-end

In an AI world, compromised security will lead to fraud: Matthew Driver

Mastercard says stronger cybersecurity, agent verification and consent frameworks will be critical as AI agents begin making purchases on behalf of consumers

RBI recognises Sahamati Foundation as SRO for account aggregator ecosystem

RBI has recognised Sahamati Foundation as the SRO for the Account Aggregator ecosystem, strengthening governance and trust in open finance