Paytm aims to achieve profitability in the next quarter, with a focus on digital transactions. Founder Vijay Shekhar Sharma assures that growth will come from the payment business and lending, despite past regulatory challenges. Upgraded processes and compliance are in place, with continued efforts to engage and retain a large customer base.
Lizzie Chapman founded Berkeley Square Finance Group (BSFG) late last year, assuming the role of a partner at the firm. As per the company’s website, it helps lending firms raise debt funding and access capital markets for their financial requirements.
In tech parlance, an Artificial Intelligence (AI) agent is a system or programme that can autonomously carry out tasks by designing workflow and processes and leveraging available tools.
US-based crypto payments firm Tylt raised USD 5.3M in a pre-Series A round, backed by NFL’s Larry Fitzgerald and Rajasthan Royals’ co-owner Kal Somani. In an exclusive conversation with ETBFSI, Tylt revealed plans to launch a stablecoin platform in India first, followed by expansions into Southeast Asia, South America and Latin America.
Naffa Innovations secures Rs 674 crores in Series B2 funding round to enhance customer payment experiences and accelerate global expansion. Led by ValueQuest S.C.A.L.E. Fund and co-investors, this investment will help ToneTag scale operations, advance R&D, recruit quality talent, and expand into new markets.
SFBs will need to balance growth ambitions with risk management, ensuring that these credit lines do not contribute to further stress in their loan books, experts said.
The Reserve Bank of India has allowed the use of pre-sanctioned credit lines through UPI, extending this feature to Small Finance Banks. This development aims to offer instant short-term credit without a separate loan application, ensuring transparency with explicit consent required from customers.
Mysa, founded by Arpita Kapoor and Mohit Rangaraju, offers a unified finance and banking platform designed to help mid-sized businesses—those with annual revenues or spending between Rs 10 crore and Rs 300 crore—manage their financial operations.
With its restrictions lifted, WhatsApp Pay is poised to intensify competition in the digital payments space, potentially challenging the dominance of market leaders in the coming months.
Vijay Shekhar Sharma emphasizes the potential for collaboration between India and Israel in developing cost-effective technology. Speaking at the India Israel Business Forum, Sharma highlights the importance of building world-class systems and robust cybersecurity. Union Minister Piyush Goyal and Israel’s Minister of Economy Nir Barkat also express optimism about strengthening business partnerships and leveraging mutual …
