Page 27 - Fintech Sector

Bharatpe CEO apologises for salary remark; firm says March salary paid

A Bharatpe employee in a Linkedin post had raised the matter of termination of administrative staff and non-payment of salaries, which attracted responses from Grover and CEO Sameer

Vested Finance raises $12 mn in series A funding round led by Ayon Capital

The company has processed more than $250 million in transactions in 2021 and also tripled the deposits on the platform in 2021.

Blockchain is completely useless for core banking: Bhavin Turakhia of Zeta

Serial entrepreneur dwells on banking software, blockchain and Zeta's technology roadmap in a conversation with Business Standard

DMI Finance acquires wallet service provider Oxymoney's parent firm

Oxymoney plans rolling out pre-paid cards and expand its distribution network.

Funds raised by Indian fintechs sees 296% jump in 2021 at $5.94 bn

Payments, according to the report, was the second-most popular category for US investors, as 167 companies received funding in 2021 in the APAC region.

Indian husband and wife entrepreneurs mint own unicorns within a year

Ruchi Kalra co-founded digital lending startup Oxyzo Financial Services; her husband Asish Mohapatra set up OfBusiness to provide financing using technology.

Digital economy to see exponential growth to $800 bn by 2030: FM

The total number of retail investor accounts has almost doubled, from about 45 million as of March 2016 to 88.2 million by March 31 2021, said Finance Minister Nirmala Sitharaman

Board acted quickly: BharatPe co-founder Nakrani on unseating Grover

BharatPe, which allows shop owners to make digital payments through QR codes, last week stripped Grover of all titles and positions over his alleged "misdeeds" and may take further legal actions

Fintech Ezetap looks to hike revenue 5-fold to Rs 750 crore by 2024

The company provides software for financial technologies, including point of sales solutions, billing, loyalty solutions etc and sells solutions directly to enterprises like Amazon, Flipkart, Airtel

Global fintech investment tops $210 bn in 2021, India shines: Report

Total global fintech funding (across mergers & acquisitions, private equity and venture capital) reached $210 billion with a record 5,684 deals in 2021 -- up from $125 billion across 3,674 deals in 2020, a new report showed on Tuesday.

Budget 2022 expectations: Fintech seek tax benefits, clarity on crypto

Budget 2022 expectations: Tax incentives to consumers and merchants, clarity on cryptocurrency and ease of doing business, here's what Fintech industry wants from finance minister Nirmala Sitharaman

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

Top Headlines: 3rd Covid shot 9 mths after 2nd jab, launch of commercial 5G

The central government said that 3rd dose will be given nine months after second dose while covaxin will only be provided to children aged 15-18

Modernisers and revivalists: How Mr Modi compares with Nehru

Both Mr Modi and Nehru have been modernisers, but their records of projects have similarities and contrasts, writes T N Ninan

Fintech unicorn Razorpay aims to achieve $90-bn TPV by the end of 2022

The firm powers payments for over 8 million businesses that include Facebook, Ola, Zomato, Swiggy

Despite privatisation of PSU banks, low-cost banking needs digital approach

The scope of banking is much more than can be read from the current rate of credit growth to industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago

India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global

Going ahead, experts see the fintech landscape changing rapidly in India as digitisation of customers and merchants opens up new possibilities for players to provide financial services

This South Korean used his telecom biz to build a thriving fintech in India

Charlie Lee's firm True Balance leverages on its mobile phone balance checking business to assess and disburse loans with simple documentation in a matter of minutes

We have processed over $20 billion in transactions: Open CEO Anish Achuthan

We have an advantage over fintechs that offer lending based on credit bureau scores or conventional bank statements, said Achuthan