Page 3 - Fintech

UPI logs 4.52 bn transactions worth Rs 8.26 trn in Feb, lower than Jan

In FY22 so far, UPI has processed a little over 40.49 billion transactions worth Rs 74.51 trillion

Volopay raises $29 mn from Winklevoss twins, JAM Fund, and others

Volopay has amassed a clientele with the likes of CoinDCX, Livspace, MPL, InVideo, and MX Media.

Upswing Financial Technologies raises $4 mn from QED Investors, others

Upswing Financial Technologies will use the funds in building plug-and-play platforms for open finance and help fintechs and consumer tech players offer financial services seamlessly.

Prime Venture Partners' Fund IV closes at $120 million

It will invest in disruptive technology companies across fintech, edtech, healthtech, consumer internet and Global SaaS.

The unravelling of Ashneer Grover's fortunes: A blow-by-blow account

Murmurs of a toxic work culture at BharatPe grew louder in the wake of its co-founder's personal behaviour

Unity SFB not affected by BharatPe tussle: Centrum Capital's Jaspal Bindra

Jaspal Bindra says Centrum's partnership is with funds like Sequoia, not Grovers

Policybazaar falls 8%, hits new low; stock tanks 52% in three months

In the past two weeks, PB Fintech has slipped 28% after Yashish Dahiya, executive director and CEO, and Alok Bansal, whole time director and CFO, sold 6.09 million shares of the company

BharatPe looking for CFO, internal audit head after sacking Madhuri Jain

Sources say fintech unicorn is in the process of hiring CFO, internal audit head, strengthening procurement processes in next one month

BharatPe saga: Allegations fly thick and fast as firm fires Madhuri Jain

Founder & MD Ashneer Grover has filed an emergency plea in SIAC to stop a probe into alleged financial mismanagement in the company.

CCI seeks more information, likely delaying PayU's acquisition of Billdesk

The deal will help PayU become an online payment provider globally by total payment volume.

Propelld raises $35 mn in Series-B funding led by WestBridge Capital

Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 cr.

Pine Labs raises $150 mn from Alpha Wave, takes total to $870 mn in 7 mths

Valuation not disclosed, though one report put the figure at $5 bn

Fintech platform Propelld raises $35 mn to boost education finance biz

Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development and collections.

PhonePe, NITI Aayog partner up to launch fintech open hackathon

The hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code.

Now, you can use Paytm payments options to tip creators on Twitter in India

The payment feature will be available in multiple Indian languages including Bengali, Gujarati, Hindi, Kannada, Marathi, Tamil

Loan fraud hits Indiabulls' fintech arm, fraudsters use PAN numbers

On Tuesday, many users took to social media to complain that their credit reports reflected loans taken by them from IVL Finance Ltd which later became Indiabulls Consumer Finance.

Zerodha was offered blank cheques last year: Founder-CEO Nithin Kamath

Kamath says the right way to value online brokerage is 15-20 times earnings which would peg the bootstrapped start-up's valuation at over $3 billion

Paytm logs new record in lending business, strengthens payments leadership

Over 2.3 million devices deployed across the country as of the end of January 2022, a measure of offline payments leadership.

Slice, a fintech unicorn, completes ESOP buybacks worth Rs 65 crore

Slice had in November last year raised $220 million in a Series-B round that valued the fintech company at over $1 billion

Review of 'serious allegations' on, trust the Board: New BharatPe CEO

Meanwhile, reports have claimed that several BharatPe employees are looking for job change amid the saga.