Fintech-focused venture fund Cedar-IBSi Capital secures funding from Hades Group
Fintech-focused venture capital fund Cedar-IBSi Capital has raised funding from Middle East-based AMC HFPCG. It did not disclose the size of the investment.
Fintech News
Category Added in a WPeMatico Campaign
RBI launches ‘Finquiry’ to allow fintechs directly engage with the regulator
The window will be open for 2 hours on last working Wednesday of every month in RBI’s central office building in Mumbai.
BNPL a $378 billion market globally, may grow at 40% CAGR till 2032: Report
With the exponential growth of online purchasing, BNPL services are increasingly being accepted as a form of payment at the point of sale.
Women-focused fintech startup Lxme raises $1.2 million from Kalaari Capital, others
Focused on women’s finances, Lxme has secured $1.2 million in seed funding. Kalaari Capital led the round through its CXXO initiative, backing female-led businesses. The startup will capital for brand building and user acquisition across the country.
PayU India FY24 consolidated revenue rises 22% to $1.1 billion
Prosus’s fintech arm, PayU, reported a consolidated revenue increase of 22% in FY24, reaching $1.1 billion. This growth can be attributed to the success of their Payment Service Provider (PSP) businesses in India and Turkey, alongside continued expansion in their India credit operations and the global payment operations (GPO) business.
Paytm Payments Bank will close these accounts on July 20
Paytm Payments Bank Limited notifies users of upcoming closure of inactive accounts as per RBI guidelines. Users can prevent closure by engaging in specific activities or follow the reactivation and closure process provided by PPBL.
FinTech sector dominates India’s future unicorn landscape, says Hurun report
ASK Private Wealth Hurun India Future Unicorn Index 2024, identifying 30 startups positioned to achieve Unicorn status.
Paytm ties up with Skyscanner, Google Flights, Wego
Paytm co posted 19% y-o-y rise in total flight bookings in March quarter. International flight bookings on the platform rose 15% y-o-y in April. Recently the fintech firm also partnered with Samsung to offer flight, movies and event ticket booking through Samsung wallet. According to a company spokesperson, Paytm aim to deliver exceptional value and …
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Razorpay unveils Smart Account for freelancers, saving 50% on international transfers
Razorpay has announced India’s First Smart Account to offer over 50% savings on international bank transfers for freelancers in India. This makes Razorpay the first Indian Payment Aggregator to offer international payments for freelancers.
Fintech firm Pine Labs weighs $1 billion IPO in India
Pine Labs is reportedly considering a US IPO that could value the company at over $6 billion. The offering is expected to include both new and secondary shares, and the company may pursue a pre-IPO funding round.