E-commerce AI startup BiteSpeed secured $3.5 million in funding to fuel its global expansion and enhance its AI-powered product suite. Meanwhile, AI-powered visa platform StampMyVisa raised Rs 6.6 crore to upgrade its technology, expand within India, and launch new offerings like visa rejection insurance and travel eSIMs.
The company reported Rs 16 crore in revenue from its lending operations along with a net profit of Rs 1.3 crore. Jupiter had secured a non-banking finance company (NBFC) licence from the Reserve Bank of India in August 2023.
Razorpay’s Venture Investment Program will support over 50 early-stage B2B startups with up to $1 million in funding, technology access, and mentorship. Partnering with Peak XV and Lightspeed, the initiative targets sectors like fintech, e-commerce, healthcare, and education.
With ‘Always Forward,’ NPCI aims to highlight its view that digital financial transactions are essential drivers of personal and national progress
The Delhi High Court has ordered the cancellation of a lookout circular (LOC) against former BharatPe MD Ashneer Grover and his wife, Madhuri Jain Grover. The order comes after a separate bench quashed the FIR against the couple, which alleged cheating and forgery.
This collaborative analysis, enriched by insights from over 30 industry experts and the Web3 community, examines the potential impact of a Central Bank Digital Currency on financial inclusion, economic growth, and digital payments in India.
Chandigarh [India], In a groundbreaking move for Fintech education in India, Chitkara University has launched the Dr. Raj P. Narayanam Fintech Centre of Excellence at its Rajpura campus in Punjab. As the first Fintech Centre of Excellence within a university setting, this Centre addresses the growing demand for skilled professionals in the fast-evolving financial technology …
In-Solutions Global Ltd (ISG), a leading force in the payments industry, has been granted authorisation by the RBI to establish a payment system for the issuance and operation of Prepaid Payment Instruments (PPI).
Unified Payment Interface (UPI): Now you can share your UPI access with someone even if they don’t have a bank account linked with UPI. “UPI Circle enables a secondary user to perform transactions from the payer’s account with minimum intervention and with adequate risk mitigations. A secondary user is an individual with or without having …
Unsecured loans account for around 70% of Paisabazaar’s revenue, followed by credit cards at 20-25% and secured loans at 10%.
