fintech
- Business
India’s fintech sector logs robust 59 pc growth in Q1 2024
New Delhi: India secured the third position globally in terms of funding raised for the fintech sector in the first quarter (Q1) of this year, a report showed on Friday. Total funding…
- Business
SCOPE VC invests in AuthPay to foster fintech innovation
New Delhi: SCOPE VC, the investment banking arm of the invite-only networking platform SCOPE, on Monday, said that it has invested $450,000 in fintech startup AuthPay. This investment follows SCOPE VC’s recent…
- Business
Fintech firm Brex cuts 20% of jobs in restructuring exercise
San Francisco: US-based fintech company Brex has laid off about 20 per cent of its workforce, or 282 employees, in a restructuring exercise. “Today we’re restructuring Brex to become a high-velocity company.…
- Business
Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%
New Delhi: Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 crore in profit in FY23 as compared to Rs 31 crore in FY22,…
- Business
Paytm narrows loss to Rs 292 crore in Jul-Sept quarter
New Delhi: Fintech company One97 Communications, which operates under the Paytm brand, on Friday reported a narrowing of consolidated loss to Rs 291.7 crore in the second quarter ended September 30, 2023.…
- Business
Fintech firm Bright Money raises $62 mn in equity, debt round
Bengaluru: Consumer fintech company Bright Money on Wednesday announced it has raised $62 million in an equity and debt round. The funding includes $50 million in debt from Encina Lender Finance and…
- Technology
India’s fintech ecosystem to reach $70 bn in annual revenue by FY30
New Delhi: India’s fintech ecosystem, the third-largest globally, is expected to reach a scale of $70 billion in annual revenue by FY30, accounting for 18-20 per cent of the addressable financial services…
- Technology
New accelerator programme for fintech startups in India launched
New Delhi: A new fintech accelerator programme called “inFINity” for early-stage Indian startups launched on Wednesday by the online payments solutions provider PayU in collaboration with the cloud services providers — Amazon…
- Technology
Fintech company Payoneer to lay off 200 employees: Report
New Delhi: Fintech company Payoneer is laying off 200 employees, about 10 per cent of its workforce, four months after appointing a new CEO, the media reported. The company, which has a…
- Business
Fintech company Lendingkart raises Rs 200 cr from EvolutionX Debt Capital
New Delhi: Fintech company Lendingkart on Tuesday said it has raised Rs 200 crore in long-term debt funding from growth-stage debt financing platform EvolutionX Debt Capital. The company said it will use…
- Technology
IBM acquires Apptio for $4.6 bn in all-cash deal
San Francisco: Tech major IBM on Monday announced it is acquiring Apptio, a leader in financial and operational IT management and optimisation (FinOps) software, for $4.6 billion in an all-cash deal. The…
- Technology
Google to set up global fintech operation centre in Gujarat: Pichai
Washington: Alphabet and Google CEO Sundar Pichai has announced the company will open its global fintech operation centre at GIFT City in Gujarat. After meeting Prime Minister Narendra Modi here on Friday…
- Technology
Pepper Group to invest $150 mn to establish a fintech in India
New Delhi: Global consumer finance company Pepper Group on Monday said it will invest $150 million over the next four years to establish a fintech in India. The fintech, under the Pepper…
- Technology
Spending on regulatory tech to reach $207 bn globally by 2028
New Delhi: Global spending on reg tech (regulatory technology) by financial institutions and other industries will increase by 124 percent to reach $207 billion by 2028 from $83 billion this year, a…
- Technology
Fintech unicorn Taxfix lays off 120 employees to cut costs
London: Europe’s leading mobile tax platform Taxfix has reportedly laid off 120 employees, or 20 percent of its workforce, amid funding winter to cut costs. The job cuts come in the wake…