fintech
Irish fintech NomuPay lands $40mn from SoftBank unit to push for Asia growth
NomuPay, an Ireland-based fintech company, has now secured a fresh investment of $40 million from a SoftBank unit – SB Payment Service (SBPS). This Series C funding round…
Paytm narrows loss in Q3 FY25, revenue rises to ₹1,828 crore
One97 Communications, the parent company of Paytm, has now released its financial results for the third quarter of fiscal year 2024-25. For the three months ended December 2024,…
US FTC sues fintech Dave and its CEO for deceptive practices
2025’s beginning is far from an auspicious one for fintech company Dave and its CEO, Jason Wilk. The U.S. Department of Justice (DOJ) has filed a civil enforcement…
MobiKwik IPO oversubscribed by 119 times on Day 3
India’s tech IPO season is here to stay, as yet another tech IPO sees massive response, despite a rather subdued market sentiment. The IPO of One MobiKwik Systems…
Prosus could do an India IPO for PayU in 2025
Prosus, the Dutch investment firm controlled by South Africa’s Naspers, has benefitted massively from Swiggy’s latest IPO – it gained over $2 billion on its investment in the…
Cred takes the wheel in insurance with Cred Garage
Fintech unicorn Cred is now doubling down on diversifying its financial services portfolio. This time, it is making a foray into the insurance sector – motor insurance, to…
Stripe limits new sign-ups in India to invite-only amid stringent regulatory compliance
California-headquartered payments giant Stripe has encountered a temporary roadblock in its India ambitions. The company has now announced a shift to an “invite-only” model for new account sign-ups…
Pine Labs gains Singapore court approval to shift base to India
Pine Labs, the popular POS solutions company that has major market share in India, has received court approval in Singapore to relocate its base to its largest market…
Paytm investment into payments arm deferred amid Chinese shareholding concerns in parent: Report
One 97 Communications, the parent company behind Paytm, is facing a roadblock in its quest to secure government approval for a critical investment in its payments arm, Paytm…
RBI extends Paytm Payments Bank’s operation-ceasing deadline as it gets new banking partner
The Reserve Bank of India (RBI) has announced an extension to the deadline for Paytm Payments Bank Ltd (PPBL) to cease specific transactions, granting a 15-day reprieve, until…
Macquarie downgrades Paytm, slashes target price by 58%
Paytm, once the poster child of India’s booming fintech industry, continues to find itself in the midst of a tumultuous storm that started with RBI’s blanket ban on…
Paytm to cut ties with Paytm Payments Bank amidst regulatory ban
Yesterday, the Reserve bank of India (RBI) imposed further restrictions on Paytm Payments Bank, directing it to cease all deposits and credit transactions after February 29, 2024. Now,…
Paytm’s focus on financial services drives Q3 revenue growth and narrowing loss
Digital payments giant Paytm reported encouraging financial results for Q3FY24, showcasing a 38% surge in consolidated revenue to ₹2,850.5 crore, an increase from ₹2,062.2 crore in the same…
Grip Invest secures $10M in Series B after pivoting to a SEBI-regulated alternate investment platform
Delhi-based financial technology firm Grip Invest, which has had a sine-curvish journey from being an un-regulated, un-rated investment platform to India’s first SEBI-regulated OBPP (Online bond platform providers)…
Paytm stock plunges 20% as it announces non-issuance of loans below ₹50,000
Indian financial services giant Paytm witnessed a sharp decline of 20% in its stock price on Thursday, triggering concerns among fintech investors. The drop followed Paytm’s announcement of…
Pine Labs unveils Credit+ to ease credit issuance for financial institutions
India’s Pine Labs, an established name in the payments infrastructure space, has introduced Credit+, a new platform that is set to redefine credit issuance for banks, fintechs, and…
Kiwi, which issues virtual credit cards that can be used on UPI, gets $13 Mn in pre-Series A led by Omidyar Network
Kiwi, a burgeoning fintech startup, has successfully raised $13 million in its pre-Series A funding round. Led by Omidyar Network India, the round also witnessed participation from existing…
Paytm reports 32% surge in revenue, narrows loss in September quarter
Paytm parent One97 has reported yet another decent financial quarter. The fintech giant, for the quarter ended September 2023, narrowed its quarterly losses, even as it witnessed a…
In a first, fintech unicorn Slice and North East Small Finance Bank announce merger, RBI approves
In what is a first in India’s financial sector space, and could be a milestone decision, Slice, the Tiger Global-backed fintech unicorn, and North East Small Finance Bank…
WhatsApp users in India can now pay businesses through other UPI apps, credit cards
WhatsApp may have become a household name when it comes to instant messaging and social media, but when it comes to digital payments, it hasn’t really managed to…
Reliance is testing a Paytm-like sound box payments system
Reliance is taking a page out of Paytm’s book, it seems. Several reports, including confirmations from employees suggests that the Mukesh Ambani-owned conglomerate is testing a sound box…
