Page 21 - Fintech

Fintech giant Stripe lowers valuation by 28% amid economic meltdown

Leading fintech company Stripe has reportedly taken a huge 28 per cent valuation cut amid tough global macroeconomic conditions that have hit nearly all the sectors very hard as recession fears loom

Swedish fintech co Klarna raises $800 mn as valuation plunges 85% in a year

Klarna said its peers were down 80-90% from peak valuations and so its own decline since June 2021 was on par with them

Paytm's Apr-Jun loans disbursal jumps nine-fold to Rs 5,554 crore

The company had disbursed 14.33 lakh loans worth Rs 632 crore in the year-ago period

Start-up slowdown

Raising funds is becoming difficult

Fintech startup Finvu AA raises $2.5 million in seed funding for expansion

Finvu AA will use the fresh funds to expand the team in engineering, and business development and enhance its product offerings

BharatPe back on track after Ashneer controversy, records 112% growth

BharatPe said it also reached an all-time high of $18.5 billion in annualised total payment value (TPV) -- a growth of 50 per cent over the last quarter

The RBI is no fan of 'buy now, pay later' and it's wholly understandable

Last week, the Reserve Bank of India brought out its regulatory axe and hacked away at a popular path to small-ticket fintech loans

Digital push needs caution

The RBI should take note of some critical lacunae

RBI examining PPI credit, BNPL models; in talks with fintechs on concerns

The central bank is looking at a framework that can exist without hampering pace of innovation, even as it addresses consumer protection and cyber security concerns

TMSEp199: Economy's direction, hard times for fintechs, Airtel, Voda stocks

Where is the economy headed? Are tough times ahead for fintech companies? How does the near term look for Airtel, Voda Idea stocks? What is a black swan event? Find the answers here

With RBI acting tough, are fintech companies staring at tough times ahead?

Of late, the central bank has been coming down heavily on fintechs. So, what is the road ahead for fintech firms? Let us find out here

Will issue guidelines to make digital lending ecosystem safer: RBI Guv

Speaking on inflation, Guv Das said that had the monetary policy been tighter, the economic damage would have been enormous

Fintech startup HostBook raises $3 mn in series A funding led by Razorpay

Hostbooks intends to utilise the Series-A funding to further scale its operations and enhance its existing product suite

Cred raises $80 mn in funding led by GIC at $6.4-bn valuation: Report

The existing investors Tiger Global, Sofina Ventures, Alpha Wave Ventures and DF International also participated in the funding round, said a news report

Fintech challenge is a fantasy

Digital banks are a threat, not so much to banks as to banking stability on account of the systemic risk they pose

Cryptos akin to a world of Carribean pirates in absence of regulation: CEA

V Anantha Nageswaran said the recent development in Terra-Luna cryptocurrency, which witnessed a massive meltdown last month, is a 'very important cautionary tale'

Fintech has potential to transform India's financial landscape: MoS Finance

Industry looks at credit card penetration as a key growth driver in future

Micro MSME Fintech ARTH raises $2.5 mn from KfW arm, MIT alumni and others

Total funding including from promoters rises to $3.5 million; funds to be used to expand services, enhance tech capabilities

Fintech for every merchant

Fintech firms have created an ecosystem of trust and supportiveness for merchants, by helping them with creative solutions and innovative products

Indian fintech's success an example of popular support for reforms: Modi

India got record amount of foreign investments last year during the coronavirus pandemic, says Prime Minister in Hyderabad.