Fintech

Indian fintech's success an example of popular support for reforms: Modi

India got record amount of foreign investments last year during the coronavirus pandemic, says Prime Minister in Hyderabad.

Fintech regulation must be calibrated

Fintechs have leveraged the gaps in traditional financial institutions and processes to provide increased efficiency and productivity. They have been a vehicle of financial inclusion

Keen to invest more in Indian software, fintech: Insight Partners top brass

Nikhil Sachdev (MD) and Nikki Parker (SVP) travelled to India from the US for face-to-face meetings aimed at building strong ties with Indian startup founders

eMudhra sets IPO price band at Rs 243-256 per share, sale to open on May 20

Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-crore Initial Public Offering (IPO).

Fintech firm BharatX raises $4.5mn in seed round to expand business

The company works with brands and websites to provide a credit feature in their apps to serve customers.

Eduvanz raises Rs 50 cr in debt round as credit disbursal doubles in FY22

Onboards Oxyzo and Unifi AIF as new lenders; existing lenders, Vivriti and MAS, take incremental exposure

Fintech start-up Actlogica raises seed funding from Zerodha's venture arm

The husband-wife duo of Ameet Ayare and Archana Anoor founded Actlogica in 2015 to aid wealth managers and investment management professionals

udaanCapital ties up with Northern Arc Capital for financing 50,000 kiranas

udaanCapital currently helps disburse over Rs 8,000 crore credit a year to 150,000 kiranas and small businesses. The credit is short-term and ranges from Rs 10,000 to Rs 25 lakh

Banks globally need to compete with fintech players to keep pace: Report

Nearly half of respondents said their current banking relationships were neither rewarding (49 per cent) nor emotionally connected (48 per cent), while 52 per cent said banking was not 'fun'

Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets

Business Standard brings you the top headlines this morning

MobiKwik elevates Anshuman Misra as Chief Product and Technology Officer

Anshuman Misra will work with the product, design, engineering, infrastructure and security functions at MobiKwik

BharatPe posting record growth, has put behind Grover controversy: CEO

BharatPe, which allows shop owners to make digital payments through QR codes, is now in 225 cities (more than 2x growth from last fiscal)

BharatPe's Ashneer threatens legal action over comment against sister

In a letter written to BharatPe Board, Ashneer said that Sameer should be "immediately served a show-cause notice for his despicable public behaviour and immediately put on leave of absence

Bharatpe CEO apologises for salary remark; firm says March salary paid

A Bharatpe employee in a Linkedin post had raised the matter of termination of administrative staff and non-payment of salaries, which attracted responses from Grover and CEO Sameer

BharatPe FY22 revenue grew four-fold to $100 mn, monthly cash burn at $4 mn

The fintech unicorn said its annualised TPV has grown 2.5x over the year-ago period to $16 billion at the end of the March quarter

MakeMyTrip's fintech arm TripMoney buys majority stake in BookMyForex

MakeMyTrip's fintech arm TripMoney on Tuesday said it has acquired a majority stake in online foreign currency exchange services provider BookMyForex to become a one-stop solution for all forex need

PhonePe plans to fill 2800 positions in 12 mths, to hire across functions

The Walmart-owned fintech firm is focused on doubling employee strength to about 5400.

First close of Venture Catalysts-backed Beams Fintech Fund at Rs 270 cr

Beams has a target corpus of $100 million; will primarily back fast-growing fintech firms in their Series B & C rounds

U GRO Capital appoints Smita Aggarwal as additional independent director

U GRO Capital's AUM had risen to Rs 2,589 crore and its branch network stood at 82

EnKash raises $20 million in funding round led by Ascent Capital

Baring India and Singapore-based White Ventures also participated in the series B funding round along with existing investors, Mayfield India and Axilor Ventures.