Page 2 - Fintech Sector
Revolut plans to base 40% of its global workforce in India by 2026
The new positions will span product development, support functions and financial services functions such as payment processing and fraud investigations
 "Revolut plans to base 40% of its global workforce in India by 2026")
Kiwi appoints Sumeet Basrani as new CBO to scale credit-on-UPI business
Kiwi appoints Sumeet Basrani as chief business officer to drive growth and expand access to its credit-on-UPI offering amid rising adoption of digital payments
 "Kiwi appoints Sumeet Basrani as new CBO to scale credit-on-UPI business")
Cred enables Face ID, fingerprint authentication for UPI payments
Cred introduces biometric authentication for UPI payments, allowing users to use Face ID or fingerprints instead of PINs for added security and convenience
 "Cred enables Face ID, fingerprint authentication for UPI payments")
Digital personal loan value outpaces volume growth in Q3 FY26: FACE
Digital personal loan value rose sharply in Q3 FY26, outpacing growth in loan volumes, highlighting strong demand for higher-ticket credit
 "Digital personal loan value outpaces volume growth in Q3 FY26: FACE")
MobiKwik appoints chief risk officer to oversee comprehensive fraud risks
MobiKwik appoints Anis Pathan as chief risk officer to strengthen enterprise risk management, fraud prevention and compliance across payments, lending and broking businesses
 "MobiKwik appoints chief risk officer to oversee comprehensive fraud risks")
Fintech funding sees modest rise in CY25 as investor outlook turns cautious
Fintech funding rose slightly to $2.4 billion in CY25, but geopolitical tensions in West Asia may slow investment flows as venture capital investors turn cautious about deploying capital
 "Fintech funding sees modest rise in CY25 as investor outlook turns cautious")
RBI draft proposes up to ₹25,000 compensation for small digital frauds
RBI's draft rules propose compensation of up to ₹25,000 for digital fraud losses of up to ₹50,000, even in cases of customer negligence, if reported within five days
 "RBI draft proposes up to ₹25,000 compensation for small digital frauds")
Jack Dorsey's Block to slash 4,000 jobs as it makes big bets on AI
The reduction in force, which was announced in a shareholder letter on Thursday, comes after rolling job eliminations that have often been tied to annual performance reviews
 "Jack Dorsey's Block to slash 4,000 jobs as it makes big bets on AI")
Xflow raises $16.6 mn in Series A at $85 million valuation led by GC
General Catalyst leads Xflow's $16.6 mn Series A at an $85 mn valuation, as the fintech backed by Stripe and PayPal Ventures plans expansion after a breakout year
 "Xflow raises $16.6 mn in Series A at $85 million valuation led by GC")
ToneTag secures $5 mn from Qualcomm Ventures to scale sound-based payments
ToneTag raised $5 million from Qualcomm Ventures to expand its AI-driven, sound-based payment technology globally, building on rapid scale and billions in monthly transaction value
 "ToneTag secures $5 mn from Qualcomm Ventures to scale sound-based payments")
UIDAI plans fund to back tech companies innovating around Aadhaar
UIDAI is exploring setting up a fund to back seed-stage start-ups building innovative Aadhaar-based solutions, aimed at improving the quality, security and trustworthiness of the system
 "UIDAI plans fund to back tech companies innovating around Aadhaar")
The contours of fintech 2.0 are becoming clear in era of AI governance
The industry is shifting from pandemic-era exuberance to AI-driven discipline, prioritising sustainable unit economics and robust governance over vanity metrics for long-term growth
 "The contours of fintech 2.0 are becoming clear in era of AI governance")
Fintech's long march from disruption to discipline in its next chapter
A decade of rapid growth gives way to partnerships, governance, and the contours of Fintech 2.0. Raghu Mohan weighs in
 "Fintech's long march from disruption to discipline in its next chapter")
Post UPI, Indian payment players look to foreign shores for growth
With thin margins in the UPI era, Indian fintechs are looking overseas, betting on cross-border payments, CBDCs, and new digital rails for sustainable growth
 "Post UPI, Indian payment players look to foreign shores for growth")
Banks increasingly looking towards retail customers, says K V Kamath
KV Kamath says technology is reshaping money flows, shrinking banks' fee income and pushing lenders to reinvent themselves as capital markets and fintech gain ground
 "Banks increasingly looking towards retail customers, says K V Kamath")
Eco Survey calls for shift from entity-based to activity-based regulation
Regulators must walk the tightrope to balance growth with stability
 "Eco Survey calls for shift from entity-based to activity-based regulation")
ToneTag bets sound waves will power next generation of digital payments
Bengaluru-based ToneTag processes over $3 billion a month using sound wave technology, enabling secure, cardless payments in India and emerging markets while expanding globally
Fintech Juspay raises $50 mn in Series D follow-on at $1.2 bn valuation
Funding round led by WestBridge Capital includes primary and secondary investment
 "Fintech Juspay raises $50 mn in Series D follow-on at $1.2 bn valuation")
Budget 2026 can catalyse India's journey towards becoming global data hub
With long-term capex needs, the data centre sector is seeking a stable, predictable tax regime in Budget 2026 to boost investor confidence and position India as a global data hub
 "Budget 2026 can catalyse India's journey towards becoming global data hub")
Fintechs cornered $2.4 billion investments in 2025 as funding moderated
Fintech funding stayed muted in 2025 at $2.4 billion, with fewer deals, IPOs and acquisitions, reflecting sustained investor caution after the 2021 peak