Fintech Firms

Fintech firm Fibe raises $35 million from IFC in Series F funding

The Series F investment comes about 18 months after the Pune-based company raised $90 million in a Series E funding round led by TR Capital, Trifecta Capital, and Amara Partners

Fintech Skydo set to expand to US after $10 million Series A round

The Bengaluru-based company is targeting US-based small and medium businesses (SMBs) as part of its expansion plan

Wise to double down on cross-border payments, roll out prepaid forex card

Over 75,000 users waitlisted; fintech eyes cross-border payment expansion after securing RBI's in-principle PA-CB nod

Won't require more tech-related headcount: Pine Labs' B Amrish Rau

Fintech firm posts second consecutive PAT-positive quarter, plans to maintain tech headcount at 1,000 while boosting software revenues

PayU India nears breakeven in H1 FY26 as Prosus backs profitable growth

Prosus says PayU India is sharpening its focus on higher-margin services, improving cost discipline, and leveraging payments, VAS, and SaaS to move towards sustainable profitability in H1 FY26

Pine Labs gains 14% on debut after ₹3,900-crore IPO despite weak demand

Fintech firm Pine Labs made a strong market debut with a 14 per cent rise over its issue price, even as subscription levels were modest

Sebi warning triggers surge in withdrawals from digital gold fintechs

Following Sebi's warning that digital gold lies outside its regulatory scope, fintechs are facing scrutiny over vault practices, investor safety, and KYC compliance

Dhan launches stock lending feature to let investors earn passive income

Fintech platform Dhan introduces the stock lending and borrowing mechanism (SLBM), allowing investors to earn up to 24% annually on idle shares and ETFs through exchange-backed lending

BS BFSI Summit: 'AI-powered devices, voice redefining digital banking'

AI is turning everyday payment devices into intelligent fintech tools, redefining banking, fraud detection, and customer interaction, experts said at the Business Standard BFSI Insight Summit

Beyond UPI: Fintech firms face cross-border challenge to go global

Fintech executives said solving compliance, cost, and SWIFT dependency is key for Indian payment firms eyeing global expansion

Insurance sector is currently at unstable equilibrium: Irdai chief

Regulators set the agenda as insurance, pensions, digital currency, cyber risk, and crypto policy took centre stage on the penultimate day of the leading summit

NBFC and fintechs' micro loan play catches regulatory attention

NBFCs and fintechs are filling the gap left by cautious banks in micro lending, even as regulators monitor rising exposure and borrower indebtedness in the segment

Razorpay reports ₹1,209 crore loss in FY25 despite 65% revenue jump

Fintech major Razorpay's FY25 revenue surged 65% to Rs 3,783 crore, but high tax and restructuring costs from its reverse flipping to India pushed it into a Rs 1,209-crore loss

Fintech firm Dezerv raises ₹350 crore to expand wealth tech platform

Fintech platform Dezerv's total funding now stands at ₹850 crore as it plans to expand across asset classes and hire top talent to enhance investor experience

1 year to 1 month: RBI relaxes rules but keeps checks for fintech expansion

Payment aggregators can add new lines with 30-day notification while staying audit-compliant

Cashfree Payments integrates Apple Pay to support int'l transactions

Indian merchants using Cashfree's international payment gateway can now accept Apple Pay, reducing errors, boosting trust, and cutting drop-offs by up to 75 per cent

FACE membership grows fourfold to 275 a year after SRO recognition

The association marked its one year of recognition by the Reserve Bank of India (RBI) last month

Walmart-backed Flipkart to invest $30 million in fintech unit Super.money

Super.money is a fintech unit of Flipkart which was launched in 2024. In less than a year, it has now become the fifth-largest UPI app in India, handling 275 mn transactions

Fintechs set for change as norms for debt collection practices are updated

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

RBI grants PhonePe final approval to operate as payment aggregator

Fintech major PhonePe has secured the Reserve Bank of India's final approval to act as an online payment aggregator, expanding its reach to enterprises and merchants nationwide