Page 7 - Fintech Companies

BharatPe enters gold loan segment; eyes disbursals of Rs 500 cr this year

For launching gold loans, BharatPe has partnered with a few NBFCs, and will be offering loans of up to Rs 20 lakh against gold pledge

Xoxoday raises US $30 million from Giift and Apis Partners

Giift and Apis Partners announced today that it has acquired a significant strategic interest in Xoxoday, a fintech disruptor in the rewards, incentives and payout space.

Fintech GoalTeller raises $500,000 Pre-Series A from slew of investors

The company plans to focus on further building its team, especially on the sales development and some senior tech hires

Fintech firm WeRize eyes $200 mn annualised revenue run rate by 2025

It has been able to gather more than billion data points over the last 2.5 years of its customers, which helps the company to design better and customise financial products.

Fintech firms demand further liberalisation of tax regime in Budget

The fintech industry has urged Finance Minister Nirmala Sitharaman to further liberalise the tax regime for financial sector startups in the forthcoming Budget

Fintech unicorn Razorpay's value jumps to $7.5 bn; up 7.5x in 15 months

Razorpay was valued at $1 billion in October 2020 and $3 billion in April 2021

Sequoia Capital sees Indian financial firms' value soar to $2.5 trillion

Valuations for India's fintech companies should jump 10 times to $500 billion by 2030

PM Modi will inaugurate FinTech leadership forum on December 3

The forum will witness participation from over 70 countries

The market has become a lot more real of late: PB Fintech's Dahiya, Bansal

The company is looking to raise Rs 5,700 crore at a Rs 44,000-crore valuation

Fintech firm Salt to ramp up hiring in India; raises $500,000 funding

Fintech firm Salt on Monday said it has raised $500,000 and is looking at strengthening its headcount to about 100 by the end of next year

The new tango between banks and fintechs: Rivals of yore turn partners

Banks and fintechs are realising that disruption has a huge collaborative aspect to it too

Indian fintech market poised for multi-fold growth for newer biz models

India, as the KPMG report suggests, is a unique market where the regulator has been actively involved in giving access to new-age fintech players

Fintech hub at GIFT City: IFSCA in talks with overseas regulators

IFSCA in talks with 10 foreign counterparts to help Indian fintech firms expand globally

Britain plans to unveil new visa scheme for financial technology workers

London tops European rankings for such companies, according to an index compiled by real estate broker Savills

ICICI Bank to buy stakes in two fintech companies for Rs 6.03 crore

ICICI Bank on Tuesday said it will buy stakes in two fintech companies -- CityCash and Thillais Analytical Solutions -- for a total cash consideration of Rs 6.03 crore.

Sebi revises objective, eligibility criteria of innovation sandbox

In order to encourage innovation and boost participation, markets regulator Sebi on Tuesday revised the objective and eligibility criteria of its innovation sandbox with graded entry norms. In addition, a steering committee comprising representatives from the enabling organisations has been formed to drive the innovation sandbox, the Securities and Exchange Board of India (Sebi) said in a circular. The committee would supervise the operations of the innovation sandbox. Also, it would process the applications submitted by sandbox applicants and approve or reject applications and assign lead enabling organisations. Such lead enabling organisations would be responsible for onboarding the applicant post approval of the application and monitoring the applicant throughout the lifecycle of the sandboxing, the regulator noted. Innovation sandbox facilitates access to an environment (testing facilities and test data) provided by enabling organisations like stock exchanges, depositories and

NBFCs, fintech companies urge FM Sitharaman to enhance lending facilities

NBFCs and fintech players have urged Sitharaman to enhance the lending facilities by three to four years

BharatPe raises Rs 139 crore in debt from Alteria Capital, ICICI Bank

BharatPe said it has raised Rs 139 crore in debt from venture debt firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants

Sequoia-backed Drip Capital finances over $1 bn cross-border trade

As economies have opened up, Drip has witnessed over 50% quarter on quarter growth in the last three quarters

PayPal becomes first foreign firm in China with full ownership of payments

PayPal has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data