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India’s FinTech major reports a 182% revenue growth in FY23, reaching INR 904 Crores. The company showcases a 129% surge in its merchant lending, totaling Rs 5,339 crore.

Paytm CEO Vijay Shekhar Sharma reveals a comprehensive 2024 plan, prioritising major Artificial Intelligence (AI) upgrades following significant layoffs. The announcement triggered responses from the community, with product director Anurag Verma from Makemytrip sharing valuable suggestions. Verma’s recommendations include UI enhancements, a more strategic arrangement of user journey cards, user-friendly copy adjustments, and the implementation …

Amidst workforce layoffs, Paytm CEO Vijay Shekhar Sharma shares to-do list for 2024; unveils major AI updates Read More »

A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles. During its fiscal year to end-March 2023, Paytm had an average of 32,798 directly employed staff and 1,589 contracted employees worldwide, across its various units, its annual report showed. Read more:

Scope’s VC arm will operate as an independent entity in identifying, nurturing, and accelerating startups that demonstrate exceptional promise and disruptive potential. The arm will also actively scout for startups demonstrating innovative solutions, disruptive technologies, and the potential to redefine industry norms within fintech and gaming. Read on to know more:

“Bitcoin and Ethereum experienced significant gains, with Bitcoin’s Year-to-Date growth reaching an impressive 160%. This upward trajectory reflected a clear shift in sentiment towards crypto assets. The market’s growth throughout the year was characterized by organic and sustained development, positioning it favourably for the future,” said Rahul Pagidipati, CEO of ZebPay.

North East Small Finance Bank is in the process of getting merged with Bengaluru-headquartered fintech unicorn Slice. ​Satish Kumar Kalra’s appointment comes after former chief of the bank Rupali Kalita retired from the position. The merged entity is likely to be called NE Small Finance Bank. Read on to know more:

Researchers at ScamSniffer, a cybersecurity firm, have discovered that cybercriminals are using ‘wallet drainers’ to steal crypto assets through phishing scams on platforms like Google and X. These drainers were first discovered in Google search ad phishing and later found in X phishing ads. From March to December, Scam Sniffer monitored about 10,072 phishing websites …

Scammers use ‘wallet drainer’ to steal $60 million in crypto: What is it Read More »

The move is likely to affect at least 10% of the overall headcount and comes on the back of Paytm withdrawing from small-ticket consumer lending and the ‘buy now pay later’ segment, following a regulatory clampdown on unsecured loans by RBI. This will be among the steepest job cuts implemented by an Indian new-age tech …

Paytm fires over 1,000 across units amid cost-cutting Read More »

What was the funding scenario like for Indian fintechs in 2014 and how is it different from now, in 2023? How much money has been pumped in the FinTech sector over the last 10 years? ETBFSI gives you a compiled view of India’s fintech funding scene from 2014 to 2023, backed by exclusive data from …

How Indian fintech funding fared in last 10 years? Read More »

Retik Finance has captured the attention of crypto enthusiasts with its recent Presale Stage 2 sellout. In less than 9 days, the project managed to raise over $1,450,000, demonstrating its appeal to investors. One of the key drivers behind Retik Finance’s rapid presale success is its real-life application. But what lies behind this incredible success?