Category Added in a WPeMatico Campaign
PB Fintech reported a significant surge in Q4FY25, with net profit soaring by 185% to ₹171 crore, driven by a 38% increase in revenue to ₹1,508 crore. Policybazaar’s core online business grew by 31%, contributing ₹877 crore. The company’s consolidated PAT for FY25 rose by 448% to ₹353 crore, accompanied by a 37% YoY rise …
The fund, set up by former Twitter India head Manish Maheshwari, ex-Yahoo executive Aditya Mishra and Ravi Metta, will focus on sectors such as fintech and business-to-business (B2B) software-as-a-service (SaaS).
Alternative finances and digital lending are gaining pace for credits to the Micro, Small and Medium Enterprise (MSME) sector, shows data from a survey by the Small Industries Development Bank of India (SIDBI).
Financial technology firm Zaggle on Thursday said it has partnered with travel and expense solutions provider Mesh Payments to tap the global spend management market.
This comes a year after PayU received in-principle approval and more than two years after its licence application was returned by the Reserve Bank of India. It joins the likes of BillDesk, CCAvenue, Razorpay and Cashfree, which have all received the online PA licence from the central bank over the last one year.
Chinese fintech giant Ant Financial offloads shares worth Rs 2,200 crore in Paytm amid continued stake reduction. The news triggered a significant drop in Paytm’s stock, which plummeted 5% to hit a day’s low of Rs 823.10 on the BSE during early Tuesday trade.
Shares of One97 Communications Ltd, the parent company of Paytm, declined marginally on Tuesday after stock worth Rs 2,380 crore changed hands in multiple large trade order involving 1.7 crore shares.
Fintech companies are revitalizing mobile wallets (PPIs) due to potential revenue from merchant discount rates, unlike non-revenue generating UPI payments. RBI’s full KYC guidelines allowing up to ₹2 lakh storage and interoperability with UPI are driving this resurgence. Paytm aims to regain its wallet business post-Paytm Payments Bank closure to recover lost revenue and enhance …
Data shows Micro, Small, and Medium Enterprises (MSMEs) in Tier II and III cities have experienced an average 20% increase in revenue after onboarding onto the Open Network for Digital Commerce (ONDC).
Groww doubled its AUM, Zerodha Fund House grew nine times and Navi increased its portfolio by 44% in an otherwise good year for the mutual fund industry,
