Page 8 - Fintech

Indian tech eyes $25 billion goldmine in embedded finance: Report

Large user bases make platforms ideal for integrating the financial services. The industry lending category is the one with highest relevance for integrating financial services

Cedar-IBSi Capital plans to fund 10-15 startups in fintech sector

Cedar-IBSi Capital on Saturday said it is looking to invest in 10-15 startups working in the banking and insurance technology segment to expand its footprint in the country. "The fund plans to build a portfolio of the companies, allocating a budget within the range of Rs 4-10 crore, with an intensified focus on financially strengthening 8 to 10 high-performing companies," it said. The fund has already gathered commitments in the range of Rs 50-75 crore from its Rs 240 crore early-stage fund launched in 2023, it added. "We are focusing on investing in startups which offer unique products and innovative tech to help improve efficiency at financial institutions. We have made our first investment in Cogniquest, an intelligent document processing tech company and are looking forward to announcing our second investment shortly," Sahil Anand, Founder and Managing Partner, Cedar-IBSi Capital, said. The business-to-consumer disruption has taken place in the last 5-8 years, but the software

BS BFSI Summit: 'Fintechs had ample time to comply with regulations'

Industry players said that regulatory bodies in India engage in private deliberations with firms, scrutinising and evaluating them before taking any supervisory action

BS BFSI Summit: Our company culture key to innovation, says Razorpay MD

We have 50 different teams, each pursuing separate goals, which allows us to innovate and launch new products, said Shashank Kumar, co-founder and managing director of Razorpay, at the BFSI Summit

Savings, credit, jewellery major focus for Jar amid evolving finance needs

Amid growing financial uncertainty, Jar enables Indians to save in digital gold, offering small daily investments and options for jewellery conversion through its platform

SROs and fintechs: The emerging plot to boost partnerships, shape ecosystem

A critical component of SRO-FT role will be to monitor unethical or dubious practices and take steps to address them

Cashfree Payments gains regulatory approval to operate as a PPI provider

Cashfree Payments joins a growing list of PPI providers. At present, the banking regulator has issued these licences to 46 entities

Razorpay says payment gateway business grew 24% in revenue in FY24

Fintech company reports growth despite restriction on taking in new customers

Fintech major BharatPe rolls out investment platform 'Invest BharatPe'

The Delhi-based fintech launched digital gold in partnership with Safegold, enabling customers to purchase and sell gold digitally

WazirX reports 40% assets dip in reserves after July security breach

The decline in WazirX's holdings comes as the firm undergoes restructuring after a cyberattack led to the theft of over $230 million in July

Confident Paytm will solve 'concentration risk' in UPI ecosystem: CEO

One97 Communications announces consolidated profit of Rs 928.3 crore in Q2

WazirX moved over $73 million crypto after data breach: CoinSwitch

While WazirX did not deny the allegation in its official statement, it added that CoinSwitch should instead provide users real-time tracking tracking of proof of reserves and wallet addresses

Vikrant Massey: A Strategic Addition to Fintech Startups' Brand Ambassador Playbook

Tune in to hear Akshay Mehrotra, CEO of Fibe, discuss how they provide credit to youth and the key marketing tactics reshaping the fintech landscape!

Funding to Indian fintech rises 66%, number of rounds decline by 25%

On a quarter-on-quarter basis, funding to the fintech sector more than doubled from $293 million in Q2CY24

RBI nudges fintechs to consider granting same-day loans to street hawkers

Loans are repaid within 24 hours and seek to bolster financial inclusion at the bottom of the pyramid

Self-regulatory organisation for fintechs set to change membership profile

FACE's membership may expand to 180 from 80 as it diversifies and becomes more inclusive

M2P Fintech raises Rs 850 crore in series D, valuation at Rs 6,550 crore

The capital raised in the latest funding round will be utilised to strengthen its operations in India and grow its international footprint, particularly in Africa, the company said

'Unsecured credit growth slows but demand remains strong': Fibe co-founder

Digital lending company Fibe sanctioned 46.6 million loans in H2FY24, showing an 8.4 per cent increase from H1FY24. The firm has raised a total of $228 million in funding since its inception in 2015

Chennai-based fintech Kaleidofin announces raising $13.8 mn in funding

Company provides loans to low-income customers and businesses in informal economy

70% of employees unhappy at work, 54% looking to quit, finds report

Among various industries, the Fintech sector is ranked as the happiest, with the Real Estate sector emerging as the least satisfied