Fintech News

Part of the funds raised was used to give a complete exit to Lok Capital, one of the early investors in the Mumbai-based lending platform, and some liquidity to some of its employees. Mintifi which was founded in 2017, counts the likes of Elevation Capital, International Finance Corporation, and Norwest Venture Partners as its major …

Mintifi secures $180 million from Prosus, others in a mix of primary, secondary capital Read More »

UPI, launched in 2016, has significantly reshaped financial access in India. By Oct 2023, it facilitated seamless digital transactions for 30 crore individuals and five crore merchants, accounting for 75% of all retail digital payments in the country.

The fintech platform said that it had allocated 9.2 million shares at Rs 279 apiece. Around 21 funds invested through the anchor placement round, including around 10 domestic funds.

The Indian rupee has been depreciating with today’s value at 84.38 against the dollar, BookMyForex.com steps in with product offerings for forex purchases. Travellers can avail their “Lowest Rate Guarantee,” which promises double cashback on price differences, and the “Crazy Cashback Sale,” providing up to Rs 7,500 cashback on forex cards and currency notes.

Infinity was founded by two brothers, Sourav and Sidharth Choraria, in 2023. The startup concentrates on businesses engaged in cross-border sales, helping them receive international payments as they sell their products and services globally. Apart from payments, Infinity offers a treasury management solution that assists businesses in maximizing returns on idle cash.

The association emphasised that deep discounting presents substantial economic hurdles to the restaurant business.

The ‘FinBox Data Platform’ comes preconfigured with our data products. It covers bureau and alternate data sources to enable real-time intelligent underwriting for loan applications.

The ‘RuPay On-The-Go’ campaign highlights RuPay NCMC’s role as the ideal companion for dynamic individuals who value time and efficiency. By enabling multimodal utility across metros and buses, the campaign connects seamlessly with the everyday needs of commuters.

One MobiKwik IPO GMP: The initial public offering (IPO) of One MobiKwik Systems, a digital payments platform, will open on December 11, aiming to raise Rs 572 crore. The IPO features a price band of Rs 265-279 per share and includes a fresh issue of up to 2.05 crore equity shares.

Paytm’s shares surged over 3% after announcing the sale of its stake in Softbank’s PayPay Corporation. The divestment, valued around ₹2,000 crore, propelled Paytm’s market capitalization to nearly ₹64,110 crore, with shares hitting a 52-week high. This occurred amidst a slight dip in both the BSE Sensex and NSE Nifty.