fintech
- Hyderabad
IFSCA inks MoU with IHub-Data, IIT- Hyderabad to support FinTech
Hyderabad: International Financial Services Centres Authority (IFSCA) and IHub-Data, IIIT Hyderabad signed an MoU at IIIT Hyderabad campus today. This MoU aims to put in place a framework for cooperation and understanding…
- India
ED freezes 150 bank accounts in illegal betting case
New Delhi: The Enforcement Directorate (ED) said on Saturday that it recently carried out a search operation at a fintech company which resulted in the identification and freezing of 150 bank accounts…
- Business
Fintech startups in India raised $5.65 bn in 2022, a 47% drop from 2021
New Delhi: Fintech startups in India raised $5.65 billion in 390 rounds last year, a massive drop of 47 per cent in terms of funding amount and 29 per cent in the…
- Business
Fintech firm Money View raises $75 mn to scale core credit biz
Bengaluru: Fintech company Money View on Monday announced it has raised $75 million in its ongoing Series E funding led by UK-based asset manager Apis Partners, at a valuation of $900 million.…
- Business
CarDekho to infuse $100 mn in its fintech subsidiary Rupyy
New Delhi: IPO-Bound car search platform CarDekho Group on Monday said it aims to infuse $100 million in its Fintech entity called Rupyy in a mix of debt and equity. Rupyy crossed…
- India
RBI looking at phased implementation strategy to launch digital currency
New Delhi: The Reserve Bank of India (RBI) is looking at a phased implementation strategy to unveil the central bank digital currency (CBDC). It has made this observation in a concept note…
- Business
PayU calls off $4.7 bn acquisition of Indian fintech major BillDesk
New Delhi: In a significant move, PayU (owned by Prosus) on Monday called off the $4.7 billion acquisition of Indian digital payments provider BillDesk, saying that “certain conditions precedent were not fulfilled”…
- Technology
Fintech platform Mintoak enabling banks to digitally empower merchant ecosystem
New Delhi: India’s fintech market is expected to reach $1 trillion by 2030, from $31 billion in 2021, according to Chief Economic Advisor Dr V. Anantha Nageswaran. As the fintech industry aims…
- Business
RBI Governor stresses fintech’s role as a force multiplier
New Delhi: RBI Governor Shaktikanta Das in his address to the https://www.siasat.com/tag/global-fintech/ Fest (GFF) 2022 marked the theme of his talk as Fintech as a Force Multiplier. “Technology, innovation and fintech are…
- Business
BharatPe hits $20 bn in annualised TPV, leaves Ashneer saga behind
New Delhi: Fintech platform BharatPe on Friday said it has reached an all-time high of $20 billion in annualised total payments value (TPV), expanding its footprint to 400 towns and cities, as…
- Technology
BharatPe back on track after Ashneer controversy, records 112% growth
New Delhi: Leaving the Ashneer Grover controversy behind, fintech platform BharatPe has closed one of the highest growth quarters in its history, facilitating over Rs 3,600 crore in loans in the first…
- Business
Ashneer saga has no impact on our growth: BharatPe
New Delhi: Fintech platform BharatPe on Thursday refuted reports that its financial condition was hit owing to the Ashneer Grover saga, saying that it currently has $400 million in the bank with…
- Business
Ashneer hits out at BharatPe board members for ‘snatching keys’
New Delhi: Former Co-founder and managing director of BharatPe, Ashneer Grover, on Thursday once again hit at the board members of the fintech company, saying snatching the keys and running a corner…
- Business
Ashneer sold passes of ICC T20 WC 2021 for crores, claim sources
New Delhi: Adding fuel to the ongoing Ashneer Grover-BharatPe saga, multiple sources on Wednesday confirmed that Grover allegedly sold thousands of free passes during ICC Mens’ T20 World Cup 2021 last year…
- Business
Ashneer Grover resigns after intense legal battle with BharatPe
New Delhi: After fighting an intense legal battle with the Board of Directors, BharatPe Co-founder and Managing Director Ashneer Grover has finally resigned from the fintech platform. In a letter sent to…