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Fintech unicorn Razorpay is relocating its headquarters from the US to India, aiming to go public by 2026. Despite potential tax implications, the reverse flipping process is underway, with RBI approval and NCLT involvement. Razorpay’s valuation stands at $7.5 billion.
Aditya Birla Capital takes the lead as the first BFSI company to integrate lending, insurance, and investments on ONDC Network. Through their ONDC, various buyer apps will offer Aditya Birla Capital’s loans, health insurance, and mutual funds.
Razorpay, a payment and banking platform for businesses, celebrates its 10th anniversary by granting Rs 1 Lakh in ESOPs to each current employee. This marks the latest in a series of ESOP buybacks, highlighting the company’s ongoing efforts to provide liquidity and reward employee contributions.
Paytm has launched its first insurance product, a COVID-19 insurance plan, in partnership with Reliance General Insurance. The plan offers coverage up to ₹2 lakh for loss of pay, quarantine expenses, and treatment costs. Available to individuals aged three months to 60 years, the policy is valid for one year with a 15-day waiting period …
India’s fintech industry is projected to add over 300,000 jobs by year-end, driven by a surge in digital payments and the growth of open banking. UPI transactions exceeding ₹15 lakh crore and a 25% rise in digital wallet users fuel this growth. The sector’s expansion is also boosting demand for AI, blockchain, and cybersecurity expertise.
Fintech startup Curie Money secured $1.2 million in seed funding to enhance its mutual fund-backed banking app. The platform, partnered with Yes Bank and ICICI Prudential, offers users up to 7.3% CAGR on savings through liquid funds and UPI transactions. The app recently launched with 1,000 beta users and aims to revolutionise personal finance in …
Fintech startup Curie Money raises $1.2 million from India Quotient, others Read More »
B2B Supply Chain Fintech launches QuiD Capital to drive anchor-led invoice financing; aims to empower 5 lakh retailers with AI-driven credit solutions and seamless ERP integration.
One MobiKwik Systems shares surged 14% after strong listing gains, posting 117% returns from its IPO price. The fintech firm benefits from a growing user base and digital payment adoption.
Nithin Kamath, CEO of Zerodha, warns against a rising courier scam targeting Indians. Scammers impersonate officials, alleging illegal items in packages and threatening “digital arrest.” They leverage fear to extract personal information and money. Kamath shared a video demonstrating the scam and urged vigilance, especially among the elderly.
The public issue had a fresh issuance of equity shares worth up to Rs 572 crore with no Offer-for-Sale (OFS) component.
