Fintech

Fintech funding up 14% to $2.2 bn in Jan-Sep, deal count falls 41%: Tracxn

Indian fintech companies raised USD 2.2 billion in January-September 2026, up 14 per cent from a year earlier, even as the number of funding rounds fell 41 per cent, with five deals of USD 100 million or more making up nearly half the total, according to Tracxn. Funding in the first nine months of 2025 stood at USD 1.9 billion. The number of rounds dropped to 153 from 260 a year ago, the data intelligence platform said in a report. This year's funding is still only about 40 per cent of the peak of USD 5.5 billion recorded in the first nine months of 2021. The five largest rounds together brought in about USD 1.1 billion. CRED's USD 540 million Series H round in June, backed by Meta, alone accounted for about a quarter of all funding. The others were KreditBee's USD 220 million Series E in April, Weaver's USD 103 million Series B in March, Slice's USD 100 million Series D in September and Navi's USD 100 million Series C in August. Late-stage funding, which includes Series C and lat

Personal loan sanctions hit Rs 2.99 trillion in Q1FY27: FACE

Digital NBFCs sanctioned 3.4 crore loans worth Rs 64,656 crore during April-June 2026, with small-value borrowing keeping the average ticket size at around Rs 19,000

Phi Commerce elevates Rajesh Londhe to CEO, targets international growth

Londhe will lead global strategy and international expansion, while former CEO Jose Thattil becomes executive chairman to oversee strategy, fundraising and partnerships

PB Fintech's 2-day fall costs mutual fund investors nearly ₹11,000 crore

Mutual funds owned 33% of PB Fintech at August-end; stock has plunged 38% in two sessions

Insurance distributors bleed as Irdai proposes sharp commission cuts

PB Fintech plunged 36 per cent and Turtlemint fell 20 per cent as analysts warned proposed commission cuts in health, term and motor insurance could hit earnings

Trade bodies call for 'No UPI Day' on October 2 to protest MDR levy

Business associations plan a No UPI Day on October 2 to protest the 0.4 per cent merchant discount rate set to apply to UPI merchant payments above Rs 2,000 from October 15

PB Health targets 150 hospitals, expansion into Tier-II, III cities

The venture aims to raise Rs 10,000 crore to build a network of 15,000-20,000 beds across more than 50 cities over the next five to six years

The next frontier

Digital-payment trail can improve risk assessment for lending

MDR on UPI payments likely to unlock ₹15K-21K crore revenue pool

Brokerages expect banks to receive the largest share of the levy, while Paytm, Pine Labs and other fintechs could gain from higher transaction-linked revenue annually

PIL in SC challenges 0.4% MDR on UPI transactions above ₹2,000 in India

Petitioner questions the amended payment law, lack of gazette publication and differing treatment of UPI and RuPay debit-card transactions under the new framework

Fintech rules must match risks, not make firms resemble banks: RBI's Murmu

RBI Deputy Governor Shirish Chandra Murmu says regulation should address risks appropriately while allowing responsible innovation and experimentation to scale

Fintechs embrace AI, but 84% see no financial payoff yet: PwC survey

Despite heavy AI investment, 84 per cent of fintech respondents have yet to see measurable financial results. The sector is also preparing for tighter capital and consolidation

Fintechs should treat customer data as fiduciary responsibility: RBI Guv

RBI Governor Sanjay Malhotra cautions fintechs against exploiting regulatory gaps, urges them to protect customer data and focus on responsible, inclusive innovation

UIDAI launches Aadhaar face authentication software for banks, fintechs

UIDAI has launched a new Aadhaar Face Authentication SDK and sandbox, enabling banks, fintechs, insurers and other entities to integrate secure face authentication directly into their mobile apps

Datanomics: Funding needs to scale up to meet Modi's fintech vision

India's fintech footprint is expanding, but a sharp funding gap and slowdown in new startups threaten to limit the sector's next phase of growth.

Many fintechs can emerge from India to serve global markets: Razorpay CEO

India's leadership in real-time payments could foster several billion-dollar fintech companies capable of serving global markets, a top Razorpay official said on Wednesday. While speaking during a session at Global Fintech Fest, Razorpay CEO Harshil Mathur cited the emergence of big tech from the US, like Google, Amazon and others, because of the country's leadership in the internet, saying that similarly, the fintech ecosystem in India can be leveraged by local companies to emerge as global majors. "We feel proud that 49 per cent of all real-time payments in the world are happening through India, and it's great. But I hope that other parts of the world capture a lot of the growth. "Real-time payments are going to create massive opportunity for Indian companies to go and capture their growth. I believe a lot of large multi-billion dollar companies could come out of India because they'll be able to capture their growth in other parts of the world," he said. Mathur said India has a .

Reform express to move at an even faster pace, says PM Narendra Modi

India growing at 7.8% gives the world a new sense of confidence, he said

Fintech a valuable partner in building for future: RBI Governor Malhotra

Governor Sanjay Malhotra says fintech has expanded financial inclusion, improved customer experience and enabled faster, more efficient credit delivery across India

India eyes AI for next finance leap after digital payments revolution

AI could take India's financial system beyond simply processing transactions, helping assess borrowers, detect fraud, tailor financial products and eventually make payments on behalf of consumers

Space, steel, fintech at heart of Luxembourg's India push: Lex Delles

We want Indian companies to use Luxembourg as a gateway to Europe, said Lex Delles