Increasing CBDC spread, cross-border payment transactions and initiatives like BharatNet are set to prop up the struggling fintech sector that saw a drop in funding last year.
Selected companies will receive growth capital without the need to dilute their equity, thus enabling them to scale operations, accelerate product development, and expand their market reach. In 2023, Velocity significantly outperformed its previous records, disbursing over Rs 400 crore — a sum greater than its total disbursements over the last three years combined to …
Velocity announces Rs 300 cr growth capital fund for Indian B2B SaaS firms Read More »
These ETFs, which have been in the making for a decade, are a game-changer for bitcoin. They offer institutional and retail investors exposure to the cryptocurrency without having to directly hold it.
The company said it has fully deployed the original corpus and has earmarked nearly four times the amount for this follow-on fund given the inbound interest from hundreds of SaaS founders over the past 12-18 months.
One97 Communications Limited (OCL), the parent company of Paytm, will invest Rs 100 crore in Gujarat’s GIFT City to build an Artificial Intelligence-driven cross-border remittance and payments technology system and set up a development centre. The announcement was made ahead of the Vibrant Gujarat Global Summit 2024, in Gandhinagar. The company will invest over a …
Paytm to invest Rs 100 crore in GIFT City development center Read More »
The market has reacted positively to the tweet after a slight dip to nearly $43,000 on Tuesday morning. For Bitcoin $48,000 is a major resistance just before the very important psychological figure of $50,000k, according to Coinswitch which also viewed ETF approval as a “huge positive” for the industry, though it expects volatility to rise …
Crypto Price Today: Bitcoin soars over 7% ahead of ETF approval deadline Read More »
Fidelity, Invesco and Galaxy Digital and WisdomTree were among other firms that filed amended S-1 applications with the SEC. The regulator has until January 10 to take action on at least one of their applications, and crypto insiders have speculated the regulator will use that date to announce a slew of decisions at once.
Rodney Burton, alias “Bitcoin Rodney,” is accused of promoting a fraudulent crypto investment scheme, marking the first arrest in the HyperVerse saga. The US Internal Revenue Service (IRS) alleges Burton ran an unlicensed money transmitting business, receiving over $7.8 million from investors. HyperFund, operating under various names, promised daily rewards but collapsed, leaving investors with …
Among its major cost items, Slice reported a massive jump in employee costs as the startup expanded its strength significantly in the last fiscal. Its employee costs for FY23 shot up to Rs 287 crore from around Rs 99 crore. Its overall expenses went up to Rs 1,272 crore from Rs 542 crore a year …
Slice posts 200% jump in FY23 operating revenue, losses go up 60% Read More »
While there has been a funding winter in startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTechs across the globe raised about USD 1.71 billion in December, while the top 20 deals summed up to about USD 1.43 billion.
