InCred Holdings, the parent company of InCred Financial Services, has become a unicorn, valued at over $1 billion, after successfully raising Rs 500 crore from a group of investors that includes a global private equity fund, corporate treasuries, family offices, and ultra-high net worth individuals (UHNIs). Incred is the second startup to enter the Indian …
Fintech firm InCred 2nd unicorn in ’23 after Zepto Read More »
At ETBFSI Converge Summit 2023, CXOs of KreditBee, Thoughtworks, CredAble, Fedbank Financial highlight the paradigm shift in reaching a wider audience and financial inclusion.
A new study by Delhi-based think-tank Esya Centre has revealed that nearly 90% of crypto currency trading in India has shifted to offshore platforms after the government levied 1% tax deducted at source (TDS) on trading of virtual digital assets (VDAs) with effect from July 2022. Read on to know more:
HSBC said last week it had made tokens representing physical gold held in its London vault. The bank last year launched a digital asset platform, HSBC Orion, which allows financial institutions to issue blockchain-based versions of financial assets, also known as tokenised securities.
As economic growth widens the pool of wealthy people in India, an opportunity is opening up for fintech companies to serve this base, a report by venture capital firm Elevation Capital and McKinsey India suggests. The report shows that together the niche market and the mass market will have a revenue pool of more than …
Rich Indians a big catch for fintechs, says report Read More »
In the case of the PayNow-UPI linkage, reports said that for workers staying in Singapore for a brief period, the linkage would help them save at least 10% of the amount paid as bank fees for money transfers. Accounting for persons of Indian origin and non-resident Indians, there are around 650,000 Indians in Singapore.
The partnership focuses on understanding the essential housing infrastructure and challenges lenders face in Kenya while lending to the underbanked populations.
Mswipe Technologies, one of India’s leading digital payment platforms for merchants, has strengthened its executive team, headlined by the CEO, Ketan Patel being elevated to Co-founder, and Harita Desai to the CMO. The senior leadership team now comprises accomplished women leaders and industry experts.
Attributes 446% Revenue Growth to its Innovative AI Platform and the unwavering commitment of its team to deliver AI that makes the enterprise more human. Chennai, India, Palo Alto, Calif. – Business Wire India Uniphore, one of the world’s largest AI-native companies, today announced it ranked 299th with 446% growth on the Deloitte Technology Fast …
Fintech firm PhonePe on Tuesday announced promotion of several senior officials across verticals after crossing 50 crore registered user-mark. The company said that it has become the first Indian internet company to have reached this scale of 50 crore users globally. The company had crossed 35 crore user base in January 2022.
