Category Added in a WPeMatico Campaign
To begin with, the Walmart-backed company will work as a distributor for personal loans as it slowly builds up credit underwriting heft, they added. It is in the final stages of integrations with five lenders, a mix of banks and nonbanking finance companies. PhonePe recently reported a registered user base of 500 million customers and …
PhonePe is set to launch consumer lending by January 2024 Read More »
The shares were disposed of at an average price of Rs 877 apiece, taking the transaction value to Rs 1,371 crore.
Last week, Grover had posted on social media platform X (formerly Twitter) about the equity allocation and secondary components undertaken during the company’s Series E funding round which was led by Tiger Global and saw participation from Dragoneer Investor group among others.
The present investment seeks to strengthen the financial health of Policybazaar to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives.
“As prices rise, investors on the sidelines think they need to get in,” said Campbell Harvey, a finance professor at Duke University. “Many will violate the number-one rule of investment: Understand what you are investing in. Many will also violate the number-two rule by putting their money in an undiversified bet on a single token.”
Leading IT service provider, Mindfire Solutions, specializing in offshore-based software development and QA services affirmed its ambitious target of doubling its growth in the next five years.
While there has been a funding winter in fintechs and tech startups over the past year, fintech funding has witnessed a steep downfall in calendar year 2023, matching the numbers of pandemic year 2020 in terms of funds raised and funding rounds. Here’s what data suggests:
Bankrupt crypto lending platform Genesis has sued cryptocurrency exchange Gemini to recover $689 million.
The diversification strategy may include products such as education loans, loans against property, SME/micro-SME loans, and other forms of secured lending.
“Silvergate continues to focus on implementing the Bank Liquidation,” it said in a statement on Wednesday.
