Indian Fintech

Fintechs get boost from global AI firms as payment processing demand rises

Growing demand for AI services in India is creating a fast-expanding cross-border payments opportunity for domestic fintech companies

Flipkart bets on payments, biometrics and loyalty ahead of IPO push plans

The Walmart-owned e-commerce giant is expanding into biometrics, credit and loyalty programmes to boost growth, improve margins and strengthen customer engagement

NPCI chief Asbe bats for regulatory framework for fintech AI ecosystem

NPCI has called for a regulatory framework for agentic AI in digital payments while expanding AI-driven UPI and voice-payment use cases

Policybazaar parent PB Fintech promoters plan stake sale worth ₹654 crore

PB Fintech co-founders Yashish Dahiya and Alok Bansal are set to sell shares worth up to Rs 654 crore through a block deal

MobiKwik gets RBI nod for offline payment aggregator licence expansion

The fintech firm plans to scale its merchant payments business tenfold by FY28 after receiving the RBI's in-principle nod for a Payment Aggregator-Physical licence

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

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 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

Razorpay partners OpenAI to enable instant payments in AI-built apps

Integration with Codex allows developers to embed payments instantly, enabling AI-built apps to monetise faster as Razorpay expands into agentic commerce and conversational payments

BNPL not returning, says MobiKwik as losses widen to Rs 28.6 crore

MobiKwik's Q2FY26 loss widened to Rs 28.6 crore even as it tightened expenses. The fintech firm will not revive its BNPL product and is betting on ZIP-EMI and personal loans for growth.

B2B fintechs turn to M&As to expand business lines and enter retail market

B2B fintechs are increasingly turning to the consumer side of the payments market, using third-party UPI applications (TPAPs) as entry points

India's VC funding hits $3.5 bn led by fintech amid global slowdown: KPMG

Global venture capital (VC) investment declined to $101.05 billion across 7,356 deals in the second quarter of 2025, compared to Q1's $128.4 billion: KPMG's latest Venture Pulse report

India's fintech sector ranks 3rd globally in H1 2025 funding round: Tracxn

Bengaluru-led funding activity in India with overall startups raising $889 million, down 26% from H2 2024, shows Tracxn fintech report

Kaleidofin raises $5.3 million from IDH Farmfit to grow agri-lending

The latest funding brings Kaleidofin's total equity round to $19 million and aims to expand access to financial services for smallholder farmers and agri value chains

Fintech industry to grow with digital expansion: MobiKwik's Upasana Taku

MobiKwik Co-Founder Upasana Taku says India's fintech sector holds vast growth potential, with innovation, inclusion, and diversification driving the next decade

PhonePe clocks 600 mn registered users, adds 100 mn in past 16 months

The company claims to have a base of over 40 million merchants. It processes over 330 million transactions daily and has recorded an annualized total payment value of over Rs 150 trillion

RBI Guv Sanjay Malhotra vows consultative approach with fintech firms

Malhotra's latest comments will likely provide relief to the industry hit hard by a crackdown on errant firms under his predecessor Shaktikanta Das

Fintechs capture 76% of personal loans as banks slowdown in H1 FY25

Banks experienced a 21 per cent drop in the volume of personal loans sanctioned, accompanied by a 30 per cent decline in loan value year-on-year, according to a new report

India ranks 3rd in global fintech funding despite 33% drop in 2024: Report

India ranked third globally in terms of funding received in the fintech segment despite a decline of 33 per cent on a year-over-year basis to USD 1.9 billion in 2024, market intelligence firm Tracxn said in a report on Monday. The sector witnessed a decline in funding, driven by a broader slowdown in demand and geopolitical headwinds, Tracxn's Annual India fintech report 2024 said. "The fintech sector experienced a notable decline in funding in 2024, with a total of USD 1.9 billion raised. This represents a 33 per cent decrease from the USD 2.8 billion secured in 2023. The Indian fintech ecosystem has solidified its position as one of the top three globally funded fintech ecosystems in 2024, trailing only the US and the UK," the report said. The sector had raised USD 5.6 billion in 2022. The highest funding of USD 805 during 2024 was received by the sector in the third quarter which was 61 per cent higher on a year-over-year (Y-o-Y) basis. Additionally, 59 per cent of the total

Fintech Tide eyes a million MSMEs by 2025-end, launch new solutions

SME-focused business financial platform Tide looks to onboard 5 lakh MSMEs to reach 10 lakh members by December 2025 on the back of new AI-powered solutions, a top company official said on Thursday. Tide has crossed 5 lakh MSMEs (members) on its platform within two years after its market entry, Tide in India CEO Gurjodhpal Singh said in a statement. Our goal is to welcome another 500,000 small businesses to Tide by December 2025. To make this happen, we're expanding our range of financial tools using advanced technology to tackle the latest business challenges, Singh said. We're focusing on smarter AI-powered financial insights, stronger connections with India's growing digital payment systems, and new features to make managing finances and admin even easier, he added. Tide plans to offer new products like savings and investments, tailored insurance plans, easy access to formal credit, simplified Udyam registration, hassle-free GST filing and advanced payment acceptance solutions.