The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after an order from RBI.
The global cryptocurrency market cap surged 2.2% to around $1.43 trillion in the last 24 hours. Other popular altcoins, such as Dogecoin, Chainlink, and Avalanche, surged 4-5%. Also, BNB, XRP, Cardano, Tron, Polygon, Litecoin, and Shiba Inu rose 2-3%.
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after an order from RBI.
While times are evolving and there is an increase in women participation in finance, there is still a long way to go. While women are actively participating in finance, finance led decision and company boards and discussions, the number of women-led startups in India has witnessed a significant decline in 2023. Here’s what the data …
Decline in women-led startups in 2023, total 436 female-led fintechs in India: Data Read More »
FinTech companies and artificial intelligence go hand in hand when it comes to creating innovative solutions that drive the financial services industry ahead. A recent study by Moody’s revealed that FinTechs are leading the charge for AI adoption in risk and compliance, followed by banks. Contrast to this, sectors like insurance, asset management, and wealth …
FinTechs leading sector for AI adoption in risk and compliance: Moody’s Read More »
Negi’s comments come at a time when BharatPe’s parent, Resilient Innovations, has filed a fresh case in the Delhi High Court seeking an injunction against Grover to prevent him from divulging “confidential information” related to the company.
Fintech unicorn BharatPe has achieved EBITDA positivity in October, reducing its monthly burn to attain profitability. The company’s business verticals have shown strong growth, resulting in annualized revenues of over Rs 1,500 crore. BharatPe’s lending segment partnered with NBFC partners to disburse over Rs 640 crore in loans to merchants, while the payments business recorded …
Other popular altcoins, such as Tron, Chainlink, and Avalanche, plunged over 5% each. Also, BNB, XRP, Solana, Cardano, Dogecoin, Polygon and Shiba Inu fell 2-4%.
This comes as the company has been looking to rekindle its relationship with Unity Bank after a tumultuous period marked by the departure of BharatPe cofounder Ashneer Grover last year, and the subsequent efforts to strengthen the board and corporate governance practices.
BEENEXT Managing Partner Hero Choudhary said PhiCommerce has through its omnichannel payment stack, successfully resolved complex payment issues and demonstrated its prowess to process digital payments at scale in the Indian market. PhiCommerce founders had earlier formed fintech firm ElectraCard Services which was acquired by Mastercard in 2014. Read more:
