Page 6 - Fintech Sector

Kaleidofin raises $5.3 million from IDH Farmfit to grow agri-lending

The latest funding brings Kaleidofin's total equity round to $19 million and aims to expand access to financial services for smallholder farmers and agri value chains

BFSI consolidates dominance in Nifty 50 index, up 2.6x at 37.9% since 2004

The sector's dominance in the Nifty index comes on the back of a 50x increase in market capitalisation over two decades

And the wait continues: Fintech funding revival still out of reach

Sectoral regulators have signalled that they expect fintechs to focus strongly on governance, risk, compliance, and conduct aspects

DLAI rebrands itself to Unified Fintech Forum as it pursues SRO bid

The body represents 120 members in regulated and unregulated firms engaged in digital financial services

Fintech industry to grow with digital expansion: MobiKwik's Upasana Taku

MobiKwik Co-Founder Upasana Taku says India's fintech sector holds vast growth potential, with innovation, inclusion, and diversification driving the next decade

AI agents, new ally for CFOs to bolster finance automation: Xalts COO

As Indian companies evolve into global entities with increasingly complex finance operations, AI-powered intelligent solutions are driving measurable outcomes, turbo-charging speed, insights and efficiency that CFOs urgently need, says Supreet Kaur, chief operating officer at Singapore-based fintech platform Xalts. The platform has assisted clients in shortening trade finance cycles by as much as 10 days, and providing headcount efficiency of 30-40 per cent, all without replacing core systems, she told PTI. In her view, the next phase of finance transformation won't be driven by generic automation but by vertical AI agent platforms that solve real operational challenges. It will free CFOs to focus on decision-making, not data wrangling, she said. Given the multi-jurisdictional mandate of corporate finance teams in today's globalised world, handling of intricate banking relationships, payments, liquidity, compliances, and many other complex finance and treasury tasks can no longer re

Decentro partners Singapore firm DigiAlly for South Asia expansion

The partnership will enable the Bengaluru-based company to enter global markets such as Singapore, Vietnam, South Korea, Australia, Philippine, Indonesia, and deepen presence in India

Startup Mahakumbh: Fintech sector proposes new SRO India Fintech Foundation

The India Fintech Foundation (IFF) has 100 members at present

Fintech NBFCs sanctioned 83 mn loans in first 3 quarters of FY25: Report

It added that quarter-on-quarter (Q-o-Q) sanction value had declined by 15 per cent in the third quarter of FY25 (Q3FY25) compared to the previous quarter

Fraud detection has to improve to protect banks: BCT Digital CEO

With the rise of digital and contactless banking, fraudsters have found newer ways to exploit vulnerabilities, said Jaya Vaidyanathan, chief executive officer (CEO) of BCT Digital

DLAI to rebrand itself to Unified Fintech Forum as it pursues its SRO bid

This is in response to the Reserve Bank of India's (RBI's) internal feedback on its bid for official SRO status, according to three sources from the fintech industry

SBI to launch project finance unit for AI, fintech, e-commerce industries

The public sector bank plans to complete the project within a year and will hire specialised professionals to staff it

Razorpay eyes group profitability ahead of IPO plans, expands to Singapore

The Tiger Global Management-backed company is focused on becoming profitable on a consolidated basis across all business verticals, said Shashank Kumar, co-founder and managing director of Razorpay

PhonePe clocks 600 mn registered users, adds 100 mn in past 16 months

The company claims to have a base of over 40 million merchants. It processes over 330 million transactions daily and has recorded an annualized total payment value of over Rs 150 trillion

PB Fintech to infuse Rs 696 crore in arm PB Healthcare Services in FY26

PB Fintech Ltd., the parent entity of insurance brokerage firm Policybazar, on Tuesday said it proposes to infuse Rs 696 crore in its subsidiary PB Healthcare Services Private Limited in the next financial year to grow its business. The decision was taken by the Board of Directors of PB Fintech Ltd. in a meeting held on Tuesday. The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary, by way of subscribing or purchasing its shares or Compulsory Convertible Preference Shares during the financial year 2025-26, PB Fintech Ltd. said in a regulatory filing. The said investment is, however, subject to the shareholder's approval through postal ballot and will be made along with other external investors in PB Healthcare Services Private Ltd., it said. It further said that the capital infusion would be done to meet its general operating expenses and enhance brand awareness, offic

RBI Guv Sanjay Malhotra vows consultative approach with fintech firms

Malhotra's latest comments will likely provide relief to the industry hit hard by a crackdown on errant firms under his predecessor Shaktikanta Das

Cred detected Rs 11K crore in credit card hidden charges: Kunal Shah

Credit score was never designed to be a consumer product, instead it was made for banks to be able to lend without having to worry about the customer's behaviour, Kunal Shah said

MobiKwik to acquire 3.39% in B2B infra platform Blostem for Rs 1.49 crore

The aggregate shareholding of the Gurugram-based listed firm in the platform is expected to grow to 6.79 per cent after the deal

PhonePe begins IPO process, set to become third fintech to list in 5 years

PhonePe said its "strong top line and bottom line growth" across business portfolios makes it a suitable time for public listing

This is right time to invest in India: PM Modi invites French businesses

Prime Minister Narendra Modi has invited French businesses to invest in India, saying when France's technology and India's talent unite a global transformation will happen. Addressing the India-France CEO Forum here on Tuesday, Modi said this is the right time to come to India as it offers countless opportunities for investments and collaborations in areas such as defence, advanced technology, fintech, pharma among others. "I welcome you all to join India's development journey. When France's finesse and India's scale meet... When India's pace and France's precision join... When France's technology and India's talent unite... Then, not just business landscape, but global transformation will happen," he told the gathering of the business leaders. French President Emmanuel Macron also attended the event. Modi said the India-France CEO Forum plays a key role in strengthening economic ties and fostering innovation. "It is gladdening to see business leaders from both nations collaborate