Page 29 - Fintech Sector

Paytm eyes IPO by Oct-end, hopes to break even in 18 months: Report

Paytm's IPO plan comes at a time when several first-generation homegrown startups in India prepare to go public on domestic bourses

Capital India infuses over Rs 187 crore in education fintech Credenc

Capital India Finance Ltd (CIFL) on Monday said it has invested over Rs 187 crore (USD 25 million) in education-focussed lending fintech Credenc.

Razorpay acquires Bengaluru financial risk tech company TERA Finlabs

It is Razorpay's third acquisition in almost three years and follows its foray into Business to Business lending.

We helped shrink the working capital cycle: CredAble's Nirav Choksi

The fintech company is currently disbursing close to Rs 1,500 crore a month

Fintech firm Slice raises $20mn to challenge credit card industry in India

Slice has raised this amount from existing investors Gunosy, Blume Ventures among others.

Rise of digital pay: 1.5 mn small businesses adopt Razorpay in 15 months

The platform saw a growth of over 200 per cent from March last year to May this year in trans­action volume done by MSMEs.

Fintech firms expect business as usual by July, says FACE survey

These 20 firms combined serve 6.5-million-plus customers, of which 46 per cent are 'new to credit' customers.

Pvt cos may issue e-invoice: Fintech see scope in data, access to biz users

While e-invoicing alone may not generate high revenues, the key lies in the way fintechs leverage the data of enterprises to offer other products such as credit or supply chain finance

Y Combinator-backed Cashfree eyes global markets, fintech acquisition

It is expecting international revenue to make up 30 per cent of its total revenue in the next three years

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

BharatPe plans to disburse Rs 14,000 cr in business loans by March 2023

The fintech company, which is soon expected to become a unicorn, has raised Rs 50 crore in debt from Northern Arc Capital

BHIM UPI transactions come down slightly to Rs 4.94 trillion in Apr

The digital transactions through BHIM UPI in April this year fell by 2.2 per cent from a month ago

BharatPe registers 106 million monthly UPI transactions in March

Fintech company BharatPe on Monday said it has clocked 106 million transactions in the UPI QR payments category in March, and aims to grow UPI payments by three times in 2021-22. The company recorded USD 830 million worth of transactions (USD 10 billion annualised) in March 2021, according to a statement. BharatPe continued its trend of outgrowing the market with an 8.8 per cent market share, it added. "Over the last 12 months, BharatPe has grown exponentially and has been able to establish itself as one of the fastest-adopted payment systems in the UPI person-to-merchant (P2M) segment. "The company has recorded a growth of 7x in volume of UPI transactions from April 2020 to March 2021," it said. Additionally, its Unified Payments Interface (UPI) payments vertical grew 23.7 per cent from February to March 2021. "The pandemic accelerated the growth of digital payments in the country. In fact, we saw all our business verticals grow manifold over the last one year. We outgrew the ma

Chinese regulator orders Ant Group to carry out a major overhaul

Ant Group is a financial affiliate of e-commerce giant Alibaba Group Holding

Cred joins unicorn club with $215 million fund raise

Valuation touches $2.2 bn; startup initiates ESOP buyback worth $5 million

Paytm reaches 15 million monthly users mark on its Mini App Store

Fintech major Paytm on Monday said over 600 apps have been featured on its Mini App Store with more than 15 million monthly users coming to the platform.

Fintech start-up Khatabook acquires Biz Analyst for $10 million

Khatabook will offer its customer base of over 10 million monthly active merchants an opportunity to scale up businesses

Fintech startup KreditBee raises $70 mn from TPG arm, Motilal Oswal

KreditBee gives out an average credit of Rs 12,000 to self employed users and Rs 25,000 to salaried people

WhatsApp hires Amazon Pay's Mahatme to lead India payments: Report

With more than 500 million users, WhatsApp counts India as its biggest market

PhonePe takes up 6 IPL 2021 sponsorships as part of marketing push

PhonePe said on Thursday it has taken up six different sponsorships for IPL 2021