Page 25 - Fintech

Have not terminated services of any employee, says BharatPe Board

The Board said it remains committed to an independent and thorough audit process. It said no action has been taken or will be taken till the audit has been completed

BharatPe's PoS business grows to $4 bn annualised transaction value

Fintech firm says it has ramped up the reach of this business by 25x to over 250 cities in the past 12 months

Venture Catalyst launches Beams Fintech Fund with $100 mn target size

Founding team is already in advanced stages of its first close and is even making a few investments

Embedded finance start-up Falcon eyes $30 million revenue by March 2023

Full-stack issuance platform backed by a syndicate of global marquee investors

Is all well with fintech giant Paytm?

Paytm's debut on Dalal Street was disappointing. Last Friday, it announced shutting down its operations in Canada. What is happening inside the country's fintech giant - our next report offers a peek

Mobikwik expects to double revenue this fiscal, stays cautious on IPO

IPO-bound fintech firm Mobikwik is expecting to close the current financial year with 100 per cent revenue growth, a top company official said.

M2P Fintech raises $56 mn led by Insight Partners, eyes global expansion

The company has raised more than $100 million in the past year

Khatabook posts over Rs 1.8 trn monthly transactions across its platforms

Founded in January 2019, Khatabook claims it has 10 million monthly active merchant users, and manages more than 344 million customers on its platforms

Fintech platform Finsall raises Rs 12 cr in pre-series A funding

This is the second round of investment by UIV, which has investments in fintech companies like Open Bank and SmartCoin.

Legalpay's new SPV for small investors betting on stressed healthcare cos

Investors can put in as little as Rs 10,000 to fund firms undergoing insolvency

Top headlines: Corporate ITR filing deadline extended, Tata new IPL sponsor

Telecom companies push for 90-95% cut in base price of 5G spectrum. More in today's top headlines

Fintech startup Rupeek gives out $1 billion in gold-backed loans

Consumers in India -- where gold is considered both a status symbol and a popular investment -- hold about $1.5 trillion of the precious metal, mostly in jewelry, according to the World Gold Council

Agility Ventures to launch Sebi-approved Rs 450-cr fund

With AIFs (Alternative Investment Funds), it is looking at deploying Rs 75 crore this year in over 50 startups, which will also include fintech, cyber security and crypto

B2B payments fintech Rupifi raises $25 mn from Bessemer, Tiger Global

Existing Investors Quona Capital and Ankur Capital also participated in the round, along with Better Capital. This is Rupifi's second investment round in nine months, since its Pre-Series A last March

India digital loan apps blamed for mafia-like collection tactics, suicides

Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.

Fintech firm Slice plans to hire 800 people across verticals in 2022

Fintech company Slice on Tuesday announced that it is planning to hire close to 800 people across various posts in the operations, design, product, and engineering verticals in the coming year.

Why fintech, acceptance of digital firms in markets were 2021's high points

The significance of the fintech revolution is evident from the fact that India has 14 fintech unicorns, and six of the top eight are payment companies

Banks, fintechs' competition must lead to collaboration: Accenture exec

Regulated Central Bank Digital Currency is a 'promising solution for an increasingly digital world', says Sonali Kulkarni.

IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech start-ups

The fund will back 25 companies and invest in companies that have affordable products and technologies aiding financial inclusion.

Fintech startup Khatabook plans to double employee base in 2022

The company said that it will continue to strengthen its talent base in 2022 by accelerating hiring across engineering, design, product and data teams