Mswipe Technologies, one of India’s leading digital payment platforms for merchants, has strengthened its executive team, headlined by the CEO, Ketan Patel being elevated to Co-founder, and Harita Desai to the CMO. The senior leadership team now comprises accomplished women leaders and industry experts.
Fintech firm PhonePe on Tuesday announced promotion of several senior officials across verticals after crossing 50 crore registered user-mark. The company said that it has become the first Indian internet company to have reached this scale of 50 crore users globally. The company had crossed 35 crore user base in January 2022.
More and more banks are looking to launch their own gold loan products and also looking to strike partnerships with fintechs like Indiagold and Rupeek that distribute secured loans.
PayGlocal was founded in 2021 by ex-Visa senior directors Prachi Dharani, Rohit Sukhija and Yogesh Lokhande. It runs a technology platform for payment processing and transaction risk management that is offered to merchants looking to sell to customers outside India. This helps merchants accept online payments securely, through cards and other alternative payment methods.
Meanwhile, XRP advanced 3% amid Ripple’s involvement with noteworthy projects including a newly announced CBDC pilot in Georgia and its inclusion in Dubai’s virtual assets regime.
Paisabazaar also improved its Ebitda-to-revenue ratio slightly over 6-7% from the previous quarter. The PB Fintech subsidiary, which is also a credit score provider, is eyeing 15% Ebitda in FY25 and 20% in the next two to three fiscal years, Kukreja added.
PB Fintech, the parent of insurance marketplace Policybazaar and credit platform Paisabazaar, on Monday reiterated its forecast for turning a net profit this fiscal year, despite reporting a loss for the second quarter ended on September 30.
While there has been a funding winter in fintechs and tech startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTech funding has seen a rise in the last 4-5 months, however there was a significant decline in the amount raised in …
FinTech funding witnesses over 50% decline in October, total $108 mn raised Read More »
PhonePe is offering cashback on the purchase of 24K gold for Dhanteras and Diwali. Customers who buy a minimum of Rs 1000 worth of digital gold can get up to Rs 3000 cashback. The offer is valid for one-time transactions from November 9th to 12th. PhonePe allows customers to buy and sell gold digitally, with …
PhonePe announces cashback offers on 24K gold this Dhanteras: How to avail Read More »
In his new, expanded role, Kothari will work closely with company founder and chief executive Harshil Mathur to develop and implement strategies to improve its overall performance.
