The $2-billion valuation Navi is seeking is lower than the previous funding discussions it had with investors. These discussions also come after Navi had filed for an IPO which had been approved by Sebi. In November, Ananya Birla-led Svatantra Microfin completed the acquisition of Bansal’s Navi Group’s subsidiary Chaitanya India Fin Credit in a deal …
Trust Fintech debuted on NSE SME platform at a 41.8 per cent premium. The net proceeds from the public offer will be used for setting up additional development facilities, investment in procuring hardware, expenditure related to enhancement and upgrading existing products, meeting global and domestic business development, sales and marketing expenses.
Twid, a rewards-based payment network, has appointed Monica Jasuja as its new chief growth and partnership officer. With 23 years of experience in consumer, internet, and digital financial services, Jasuja will lead the company’s issuer growth strategy and expand through partnerships. Twid, founded in 2020, has turned reward points into a fungible currency and received …
Twid appoints Monica Jasuja as chief growth and partnership officer Read More »
In the last decade, Indian unicorns saw 22% started by solopreneurs and 78% with two or more co-founders. Cofounder unicorns had 32% higher revenue. Bengaluru was a top headquarters, focusing on fintech. Effective resource utilization emphasized for success.
Average ticket size of UPI transactions fell 8% to ₹1,515, while average credit card ticket size rose 8% to ₹5,276, according to data from Worldline.
Kunal Kashyap moves from Cred to Slice, which merges with North East Small Finance Bank. Pending approvals from Competition Commission of India. Slice reports Rs 846 crore operating revenue, Rs 405 crore net loss.
As per the data by Wordline, P2M transactions volume recorded a fantastic 77% increase in H2 2023 while the value grew by 62%. Besides this, the top three UPI apps- PhonePe, Google Pay, and Paytm continued to dominate the UPI market accounting for 95.4% of all UPI transactions. Read here:
No one knows for sure what is driving bitcoin’s latest gains, although analysts point to billions of dollars that have flowed into U.S. spot bitcoin ETFs which launched this year. McDermott said that the ETFs prompted a “psychological shift”. Regulators have long warned that bitcoin is a high-risk asset, with limited real-world use cases.
The prospect of fewer Fed interest-rate cuts is having an impact “across crypto, where there has been a selloff as the week gets underway — no sector is unaffected, especially those where prices have outperformed Bitcoin over last six months, for example memes,” said Stefan von Haenisch, head of trading at OSL SG Pte in …
Crypto’s memecoin fervor stalls as bets on Fed rate cuts recede Read More »
The total volume in DeFi is currently $10.72 billion, 9.07% of the total crypto market 24-hour volume. The volume of all stablecoins is now $107.54 billion, which is 91.05% of the total crypto market 24-hour volume, as per data available on CoinMarketCap. In the last 24 hours, the market cap of Bitcoin, the world’s largest …
