Page 6 - Fintech

LIVE: CA arrested by ED in Mumbai in Rs 1,100-cr money laundering case

ED arrested Ravi Kumar, a Chartered Accountant (CA) at HAR Associates, Delhi on Nov 27

Indian banks behind on digital adoption, it's time to wake up: Uday Kotak

Says banks must be able to feed huge data being churned out by the financial system into analytics and ML. Turnaround time must give an MSME clarity on a loan in minutes, if not seconds

Indians' 'immense trust' in fintech must be respected, says PM Modi

PM calls fintech a 'revolution that helps to achieve financial empowerment of every single citizen of the country'.

Despite privatisation of PSU banks, low-cost banking needs digital approach

The scope of banking is much more than can be read from the current rate of credit growth to industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago

PM Modi will inaugurate FinTech leadership forum on December 3

The forum will witness participation from over 70 countries

McLaren SPAC looking for fintech with path to profitability: Sajan Pillai

Sajan Pillai tells 'Business Standard' what kind of company makes a good acquisition target for a SPAC.

McLaren Technology plans to acquire major stake in Indian fintech firm

The California-based firm is looking to acquire a significant stake in an Indian fintech company

The financial world has to rethink the way it caters to women: salt.com CEO

Shinjini Kumar, the firm's co-founder and CEO spoke to Raghu Mohan

Paytm's GMV up 131% to $11.2 billion in Oct as festive-time spends rise

The company, in a disclosure to the exchanges, said that the growth was driven by the festive season and an increase in number of merchants and consumers

The risk factor

New-age tech firms are inherently more risky

Fintech start-up PhonePe to buy back ESOPs worth Rs 135 cr from employees

In Dec last year, PhonePe launched a program to allot ESOPs to its 2,200 employees starting at a minimum of Rs 3.5 lakh, cumulatively worth Rs 1,500 crore

Karnataka sets up fintech task force with Razorpay, Zerodha founders

The task group will work towards creating a roadmap for the growth of the industry, identifying the opportunities and challenges faced by the fintech ecosystem

Velocity raises $20 mn in funding round led by Peter Thiel's Valar Ventures

The fintech firm plans to deploy over Rs 1000 crore in India's e-commerce brands

What is e-RUPI and how can it plug leakages in direct benefits transfer?

The govt recently launched e-RUPI vouchers to transfer the benefits of its welfare programmes. A person- and purpose-specific digital payment system, it does not require beneficiaries to a smartphone

Moglix-owned Credlix acquires Singapore-based EXIM fintech startup NuPhi

The acquisition comes shortly after Moglix's entry into the Middle East region

Paytm: India's largest-ever IPO seen as a 'high-risk bet' for investors

'Nothing is really going to happen (for Paytm stock) in short-term. I would say demand will come through but maybe not a big listing pop,' says Rakhi Prasad, an investment manager with Alder Capital

SpiceJet seeks to widen customer base with a book-now-pay-later scheme

Ties up with fintech company Capital Float to enable customers to pay for their tickets in instalments

Fintech firm Paytm signs up over 100 institutional investors for IPO

BlackRock Global Funds, Canada Pension Plan Investment Board and Abu Dhabi Investment Authority were among the investors

Niyogin Fintech continues to make losses, revenue rises 231% in Sept qtr

The company's balance sheet has become debt free and had cash and cash equivalents of Rs 171.4 crore as of the quarter ended September

Warren Buffett, Goldman Sachs win from fintech gold rush in India

India's digital transactions are expected by PricewaterhouseCoopers to touch $3 trillion by March 2025 from more than $1.3 trillion now