Page 26 - Fintech

IIFL Fintech Fund to invest Rs 300 cr in early-stage fintech startups

The move is aimed at facilitating the creation of affordable products and technologies that aid financial inclusion

Fintech start-up Minko gets $1.5 mn in funding to expand business

Company announces a B2B payments stack for offline distributors and retailers.

Central Bank of India ink co-lending deal with fintech U GRO Capital

MSME lending fintech platform, U GRO Capital on Wednesday announced that it has signed a co-lending agreement with Central Bank of India.

Fintech firm BharatX raises $250,000 in pre-seed round led by Java Capital

The funding will help drive BharatX's delivery of seamless Embedded Credit experiences on many consumer-facing platforms, with zero credit risk and zero operational headaches for the platforms

Paytm's loan disbursals up 375% at Rs 1,320 cr in first two months of Q3

The value of loans disbursed through the platform increased 375 per cent YoY to Rs 1,320 crore ($178 million) in the first two months of the quarter

Razorpay eyes $90-bn TPV, launches new solutions to enhance experience

Fintech major Razorpay said it has seen strong growth in the number of payments processed on its platform, and it expects its total payment volume to touch $90 billion by end of next year

LenDenClub raises $10 mn in funding round, plans $1 bn loan book by FY23

Founded in 2016, LenDenClub uses technology to bring borrowers and investors on its platform.

What explains the lure of pay-later cards like Slice and Uni?

New pay-later cards are making their way into people's wallets, who don't even have a credit history. Let us find out why these pay-later cards are catching up and what is luring people towards them

Best of BS Opinion: Next big tech revolution, status quo on rates, and more

Here is the best of Business Standard's opinion pieces for Monday

Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai

India's tech sector to employ 10 mn engineers in next 10 years, says former Infosys CFO at InFinity Forum

Fintech helping tackle black money, low tax-GDP ratio: Rajeev Chandrasekhar

In a jibe that seemed to be directed at China, the Union minister said that India is boosting its digital economy and entrepreneurs at a time when some countries are demolishing their start-ups

Need to convert Fintech initiatives into Fintech revolution: PM Modi

Prime Minister Narendra Modi underlined the need for converting Fintech initiatives into Fintech revolution to provide a low-cost and reliable payment system to the masses

The wrong regulator for fintech

There has to be accountability for the central bank's errors in the past

LIVE: CA arrested by ED in Mumbai in Rs 1,100-cr money laundering case

ED arrested Ravi Kumar, a Chartered Accountant (CA) at HAR Associates, Delhi on Nov 27

Indian banks behind on digital adoption, it's time to wake up: Uday Kotak

Says banks must be able to feed huge data being churned out by the financial system into analytics and ML. Turnaround time must give an MSME clarity on a loan in minutes, if not seconds

Indians' 'immense trust' in fintech must be respected, says PM Modi

PM calls fintech a 'revolution that helps to achieve financial empowerment of every single citizen of the country'.

Despite privatisation of PSU banks, low-cost banking needs digital approach

The scope of banking is much more than can be read from the current rate of credit growth to industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago

PM Modi will inaugurate FinTech leadership forum on December 3

The forum will witness participation from over 70 countries

McLaren SPAC looking for fintech with path to profitability: Sajan Pillai

Sajan Pillai tells 'Business Standard' what kind of company makes a good acquisition target for a SPAC.

McLaren Technology plans to acquire major stake in Indian fintech firm

The California-based firm is looking to acquire a significant stake in an Indian fintech company