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.
The National Payments Corporation of India (NPCI) issued a circular detailing new measures following repeated disruptions in the UPI system, with the most significant outage occurring on April 12.
Private Equity and Venture Capital investments witnessed a surge. Investments increased by 27% during January to April 2025. The total investment reached $11.8 billion. NexGen Energia secured $1 billion for biogas infrastructure. IDFC FIRST Bank is set to raise $877 million. Fintech startups like Juspay and Scapia also received significant funding.
India stands at a pivotal crossroad in digital finance, Yarlagadda noted, adding that crypto adoption and the India stack (a collection of indigenous digital infrastructure and apps aimed at financial inclusion) provide a foundation for the country to pioneer the next wave of global innovation.
Finance Minister Nirmala Sitharaman urged stakeholders to address UPI infrastructure gaps, aiming for one billion daily transactions in 2-3 years. She stressed enhancing cybersecurity, global expansion, and onboarding more users and merchants to ensure resilience amid recent service disruptions and growing UPI adoption.
Founded in 2020, IHX connects healthcare providers and payors to facilitate real-time, digital-first claims processing across the healthcare ecosystem. Following the deal, IHX will continue to operate as a wholly owned subsidiary of Perfios, with its team of approximately 100–150 employees working independently.
British online bank Revolut said Thursday it more than doubled net profit last year to £790 million ($1.1 billion) as customer numbers surged particularly in France, its new second-biggest market. “I think by end of next year we should reach 10 million customers in France, because right now we are getting 200,000 customers per month,” …
