Page 2 - Fintech

Edtech firm PhysicsWallah to invest ₹120 crore in NBFC arm FinZ Finance

PhysicsWallah steps deeper into fintech with a ₹120 crore infusion into its NBFC arm FinZ Finance, expanding student-focused lending within its education ecosystem

Fintechs seek 'safe harbour' provision as regulatory waters turn choppy

The fintech and payments industry is preparing a proposal for RBI seeking safe harbour provisions to protect compliant licensed entities from liabilities and retrospective regulatory action

Slice Small Finance Bank posts first-ever ₹48.4 crore net profit in FY26

The Bengaluru-based lender turned profitable following its merger with North East Small Finance Bank, with total income more than doubling in FY26

RBI forms panel to study quantum technology risks in finance sector

RBI has constituted an expert committee to assess risks and opportunities linked to quantum technology and recommend a roadmap for a quantum-secure financial ecosystem

Cashfree Payments plans over $100 million funding round in FY27

Cashfree Payments plans to raise over $100 million in FY27 to expand cross-border payments, AI capabilities and global operations ahead of a potential IPO in the coming years

ICICI Bank seeks at least ₹100 crore recovery from fintech firms

Growing discomfort among banks over eroding interchange income

Scapia raises $63 million in Series C round led by General Catalyst

Bengaluru-based travel fintech startup Scapia will use the fresh capital to scale travel offerings, expand AI capabilities and grow its customer base

Fintech stocks underperform: What's behind the massive valuation reset?

Larger platforms like PB Fintech and One97 Communications (Paytm) have closely tracked or slightly underperformed the Nifty 50, displaying far better resilience than sub-scale players

Fintech firms form SRO to boost trust in digital precious metals market

Digital gold and silver platforms have formed a self-regulatory body to improve governance, transparency and consumer protection amid regulatory uncertainty

GCCs have to focus on what is needed in the future: Ramkumar Narayanan

FIS says GCCs must evolve beyond support roles by building future-ready talent, expanding global leadership and scaling trusted AI adoption

OnEMI Technology IPO subscribed over 5 times on final day of bidding

OnEMI Technology IPO comprises a combination of fresh issue of 49.7 million equity shares amounting to ₹850 crore and an OFS of 4.4 million equity shares amounting to ₹75.92 crore

The gap between banks and fintechs is narrowing, says Rishi Verma

AI is narrowing the gap between banks and fintechs, driving faster decisions, better risk management and a convergence of scale, agility and trust

PhonePe reaches 700 million users milestone amid strong fintech growth

PhonePe has crossed 700 million users, underscoring rapid growth in India's digital payments ecosystem, even as the fintech firm pauses its IPO plans amid market volatility

PhonePe crosses 50 million registered merchants across India ahead of IPO

Fintech major PhonePe on Tuesday said it has crossed 50 million lifetime registered merchants on its platform. The IPO-bound company noted its expansion from offering QR code-based payment solutions to providing a full-stack suite of financial tools, including working capital loans, Point-of-Sale (POS) terminals, and SmartSpeakers. "Reaching 50 million merchants is a significant milestone in our effort to make financial services more accessible to merchants across India. For many of our partners, the journey began with a simple QR code, but that relationship has since matured. Today, digital payments serve as a gateway to a wider range of formal services, including credit," Yuvraj Singh Shekhawat, Chief Business Officer, Merchant Business, PhonePe, said. Launched in 2016, PhonePe has over 65 crore registered users. The latest development comes as the company prepares for its initial public offering (IPO), having recently filed an updated draft red herring prospectus (UDRHP-I) with .

Peak XV Partners fully exits Mobikwik in block deal worth ₹130 crore

Venture capital firm Peak XV Partners has fully exited from fintech firm One MobiKwik Systems through a block deal of over Rs 130 crore, sources aware of the development said. According to sources, Peak XV was one of the early investors in the firm and exited at three times of its investment value. "Peak XV Partners has sold around 61 lakh shares, about 7.7 per cent of the company share capital, at an average sale price of Rs 214 share apiece. The total deal size is close to Rs 130 crore. With this sale, Peak XV has completely exited from the firm," a source said. A query sent to Peak XV and One Mobikwik elicited no immediate reply. Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV. The development comes a day after the company announced RBI granting a NBFC license for its new subsidiary- MobiKwik Financial Services Pvt Ltd.

MobiKwik's NBFC arm likely to launch operations in 2026: Upasana Taku

MobiKwik gets RBI nod for NBFC arm, plans lending launch in 2026; move to boost fintech stack, expand credit offerings, and tap co-lending opportunities

OnEMI sets ₹162-171 IPO price band; issue to open for subscription April 30

Digital lending platform OnEMI sets ₹162-171 price band for ₹926-crore IPO, comprising fresh issue and OFS, with subscription opening April 30 and closing May 5

MobiKwik gets RBI's nod for non-banking financial company licence

The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering

Kissht parent OnEMI Tech sets IPO price band at ₹162-171: Check key details

OnEMI Technology Solutions has set the price band in the range of ₹162 to ₹171 per share

Pine Labs acquires Shopflo in ₹88 crore deal to expand D2C ecosystem

Acquisition of checkout platform Shopflo aims to strengthen Pine Labs' full-stack commerce offering and deepen engagement with D2C merchants across online and offline channels