India’s Paytm posts wider Q1 loss on banking unit wind down
PAYTM-India’s Paytm posts wider Q1 loss on banking unit wind down
Fintech News
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Ankurit Capital leads $3 million investment in fintech startup OmniCard
OmniCard, a business spend management startup, raises $3 million in Pre series A round led by Ankurit Capital and Taisys.
‘Indian FinTech industry to reach $420 billion by 2029’
The Indian fintech industry is forecasted to reach approximately $110 billion by 2024 and $ 420 billion by 2029 according to Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director of the National Payments Corporation of India.
Fintech startup TechFini receives NPCI certification to operate as UPI provider
TechFini, a Mumbai-based fintech startup, has received approval from NPCI to operate as a UPI-based payment infrastructure provider. The company offers a range of products to simplify payment systems for banks and fintech companies.
Validus Fintech Secures Seed Funding from AUM Ventures
Hyderabad (Telangana) [India], Validus Fintech Services Pvt Ltd has successfully secured seed funding from AUM Ventures, an Abu Dhabi Global Market (ADGM) based India focused VC Fund, and other strategic investors.
Veteran Cricketer Virendra Sehwag invests in homegrown fintech Getepay
Virendra Sehwag joins India-based fintech Getepay to empower merchants and spearhead the digital payment revolution in India.
Fintech startup TechFini gets NPCI nod to operate as UPI provider
TechFini, a Mumbai-based fintech startup, has received approval from NPCI to operate as a UPI-based payment infrastructure provider. The company offers a range of products to simplify payment systems for banks and fintech companies.
Paytm issues clarification on administrative warning from SEBI
Paytm states consistent compliance and adherence to regulations on receiving administrative warning from SEBI on Monday and said that it will submit its response to the markets regulator.
Digital lending to grow at 40% CAGR, GenZ & millennials primary drivers: Report
According to a report by Redseer, the retail lending landscape in India is undergoing a transformation, led by younger generations, the GenZ and millennials. The digital lending industry is expected to grow at a 40 per cent CAGR.
Mumbai’s FinTech Ambitions: Can it surpass Bangalore’s tech dominance?
With Prime Minister Narendra Modi’s Rs 29,000 crore investment drive, Mumbai aims to ascend as a global FinTech powerhouse. Raj N, Founder of Zaggle, weighs in on the city’s potential to rival Bangalore’s tech dominance and the crucial steps needed for this transformation.