The fintech world which has seen a huge disruption in the last few years, is set to consolidate on the growth and see more advances in areas such as AI and machine learning.
Large NBFCs like Aditya Birla Finance and Poonawalla Fincorp have informed the fintech startups they do business with that they will no longer provide capital for the highly risky buy-now-pay-later (BNPL) and very small ticket size consumer loans.
Unveiling the monetary policy, Reserve Bank Governor Shaktikanta Das said the limit for various categories of unified payments interface (UPI) transactions has now been enhanced to Rs 5 lakh per transaction from the present Rs 1 lakh for payments to hospitals and educational institutions.
The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi’s financial regulator, a spokesperson for Binance said on Thursday.
FinTech has been the second most invested sector by family offices in India. Unlike earlier, family offices are now taking on more risky bets and investing in startups, fintechs and new-age tech companies compared to safer investments like in traditional companies. This year, India has seen 2 new family offices, adding to a total of …
167 family offices in India, FinTech second-most invested sector in 2023: Data Read More »
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, and witnessed a slight uptick in the amount raised in the …
FinTech funding witnesses slight uptick in November, total $122 mn raised Read More »
Trading app operator Robinhood Markets Inc said on Thursday it has launched commission-free crypto trading to customers in the European Union.
The cryptocurrency markets were trading higher on Thursday, led by Bitcoin, XRP, and Cardano. The global cryptocurrency market cap also surged 1.07% to around $1.6 trillion in the last 24 hours. Market sentiments are presently bullish as traders await developments on the US Bitcoin Spot ETF applications in the near future, Edul said.
Fintech startup Pontera raises $60M in funding led by ICONIQ Growth, bringing its total funding to $160M. Its valuation is now over $550M. Pontera’s platform is used by financial advisers like Dynasty Financial Partners and SageView Advisory Group to manage retirement accounts. The company’s annual revenue has quadrupled since 2021. Pontera, headquartered in New York, …
Fintech startup Pontera raises $60 million, plans more hiring in Israel Read More »
Crypto companies spent $18.96 million in the first three quarters of 2023 on lobbying, compared with $16.1 million during the same period in 2022.
