The company incurred a notional loss of Rs 522 crore during the reported quarter stemming out of the acceleration of ESOP (employee stock ownership plan) expense of Rs 492 crore and Rs 30 crore towards their impairments following Paytm CEO Vijay Shekhar Sharma voluntarily surrendering 2.1 crore shares granted to him in the form of …
One97 Communications shares surge nearly 7 pc as Q4 loss narrows Read More »
Global fintech funding saw a marginal dip in April, declining slightly from USD 5.88 billion in March to USD 5.86 billion, with 167 deals recorded. Plaid led the month’s top deals by raising USD 500 million from major investors including BlackRock and Fidelity. FNZ and Imprint followed, each securing USD 500 million from firms such …
Global fintechs raise around USD 5.86 billion in April Read More »
Payments and financial services company Paytm on Tuesday reported a strong performance for the March quarter of FY25, demonstrating continued growth across its core business segments.
UPI QR codes have recorded the fastest growth in digital payments infrastructure in the financial year 2024-25, with a 91.5 per cent jump over the previous financial year to 657.9 million, according to the latest RBI data.
PayU-backed Wibmo, a provider of online payment security services, is set to appoint Shailesh Paul—an execuitve of Visa—as its new CEO. He replaces Suresh Rajagopalan, who left in March. Wibmo, acquired by PayU in 2019, is expanding its focus to include full-stack payment solutions and business payments for future growth.
Paytm is set to announce its Q4FY25 results with brokerages divided on outcomes. JM Financial and Yes Securities expect a PAT swing to profit, while Motilal Oswal sees narrowed losses. Revenue estimates range from Rs 1,975 to Rs 2,199 crore. UPI incentives, improving EBITDA margins, and operating leverage remain key drivers and monitorables across all …
In the last five years, QED Investors has invested around $220 million across Asia. It has taken early bets in Indian startups like neo-banking platform Jupiter, credit card sourcing platform OneCard, Upswing, which enables consumer facing startups to offer financial services, and Efficient Capital Labs, which offers financing solutions to Saas (Software-as-a-service) companies.
Bitcoin surged past $97,000, its highest in over two months, driven by institutional buying, macroeconomic optimism, and easing global tensions. Altcoins also rallied, with market cap hitting $3.01 trillion. Analysts see resistance at $100K, while investor sentiment strengthens amid rising accumulation and declining exchange supply.
kaleidofin announced that it has received USD 5.3 million equity infusion from IDH Farmfit Fund, bringing its current funding round to USD 19 million, following a USD 13.8 million investment led by Rabo Partnerships.
Bengaluru-based Rupeek, Chennai-headquartered Oro Money, Noida’s Indiagold and Manipal Fintech of Gurugram are a few of the major startups operating in this space. Earlier this year Manipal Fintech onboarded Puja Abhishek Singh as its new chief executive officer. Singh joined the company from Paytm, where she was heading business operations.
