Page 24 - Fintech

BharatPe looking for CFO, internal audit head after sacking Madhuri Jain

Sources say fintech unicorn is in the process of hiring CFO, internal audit head, strengthening procurement processes in next one month

BharatPe saga: Allegations fly thick and fast as firm fires Madhuri Jain

Founder & MD Ashneer Grover has filed an emergency plea in SIAC to stop a probe into alleged financial mismanagement in the company.

CCI seeks more information, likely delaying PayU's acquisition of Billdesk

The deal will help PayU become an online payment provider globally by total payment volume.

Propelld raises $35 mn in Series-B funding led by WestBridge Capital

Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 cr.

Pine Labs raises $150 mn from Alpha Wave, takes total to $870 mn in 7 mths

Valuation not disclosed, though one report put the figure at $5 bn

Fintech platform Propelld raises $35 mn to boost education finance biz

Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development and collections.

PhonePe, NITI Aayog partner up to launch fintech open hackathon

The hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code.

Now, you can use Paytm payments options to tip creators on Twitter in India

The payment feature will be available in multiple Indian languages including Bengali, Gujarati, Hindi, Kannada, Marathi, Tamil

Loan fraud hits Indiabulls' fintech arm, fraudsters use PAN numbers

On Tuesday, many users took to social media to complain that their credit reports reflected loans taken by them from IVL Finance Ltd which later became Indiabulls Consumer Finance.

Zerodha was offered blank cheques last year: Founder-CEO Nithin Kamath

Kamath says the right way to value online brokerage is 15-20 times earnings which would peg the bootstrapped start-up's valuation at over $3 billion

Paytm logs new record in lending business, strengthens payments leadership

Over 2.3 million devices deployed across the country as of the end of January 2022, a measure of offline payments leadership.

Slice, a fintech unicorn, completes ESOP buybacks worth Rs 65 crore

Slice had in November last year raised $220 million in a Series-B round that valued the fintech company at over $1 billion

Review of 'serious allegations' on, trust the Board: New BharatPe CEO

Meanwhile, reports have claimed that several BharatPe employees are looking for job change amid the saga.

Razorpay acquires Malaysian fintech start-up at over $19 mn valuation

Curlec deal is Razorpay's fourth acquisition overall and its first in a foreign country.

Fintech GoalTeller raises $500,000 Pre-Series A from slew of investors

The company plans to focus on further building its team, especially on the sales development and some senior tech hires

SBI-backed Cashfree Payments records 48% growth in net profit to in FY21

Last year, banking giant SBI was reported to have invested an undisclosed sum in the fintech start-up at a valuation of $200 million

For Revolut, payments to be gateway to digital banking licence in India

In the first phase, it plans to launch an offering in the payments segments such as remittances, which has been the flagship offering of the company globally

TMS Ep101: Fintech, selling in IT stocks, disinvestment, markets, crypto

Will RBI's digital currency give a fillip to fintechs? What's the government's disinvestment roadmap? Why are investors dumping IT stocks? What is cryptocurrency? Find all answers here

Will RBI's digital currency give a fillip to fintech sector?

Cryptocurrency has unsettled the govt and the central bank. Apart from taxing it heavily, the govt announced RBI's digital currency - a crypto competitor. How can it give fillip to the fintech sector?

Fintech meets sustainability as new-age entrepreneurs bet on green energy

Entrepreneurs are trying to lure investors to such platforms with monthly returns, carbon credits and even discounts on electricity bills