Fintech
Fintech firm Mintifi gets $110M funding led by PremjiInvest; IFC, others also take part
Thu, Mar 09, 2023
The other investors who participated in the round include Norwest Venture Partners, Elevation Capital and International Finance Corporation (IFC). They are also the existing investors in the company which has raised Rs 1,200 crore in equity financing till date.
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Fintechs replacing banks a misconception; CBDC experience so far comforting
Sun, Dec 04, 2022
"It's a misconception to view Fintech entities as a possible replacement to banks," Reserve Bank Deputy Governor T Rabi Sankar said, stressing that these modern age enterprises facilitate banking and are not a competition to banks in anyway.
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Why disruption in gold finance segment is inevitable? Analyst decodes – believes sector's long-term story intact
Tue, Nov 29, 2022
Gold Financing, Muthoot Finance, Manappuram Finance, IIFL: Specialised gold finance NBFCs find themselves in the eye of a storm, as banks, fintech and other NBFCs like IIFL Finance have turned aggressive in the gold financing space
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India's fintech market estimated to be $150 billion by 2025: PaySprint CEO
Sun, Oct 16, 2022
"The Indian fintech market has received $29 billion in funding across 2,084 deals to date (January 2017-July 2022), gaining 14% share of the global funding and ranking #2 on the deal volume," CEO of PaySprint S Anand informed.
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Razorpay acquires startup PoshVine to foray into loyalty, rewards management market
Wed, Sep 28, 2022
Since 2016, PoshVine has been offering its loyalty-as-a-service product to over 20 banks and networks such as SBI Card, HDFC Bank, IDFC FIRST Bank, AU Bank, DBS, Visa and Amex across India and SEA (South East Asia).
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No sure-fire way to regulate fintech sector, onus on operators to act in balanced way: RBI executive director
Thu, Sep 22, 2022
Reserve Bank Executive Director Ajay Choudhary on Thursday said there is no "sure-fire way" to regulate fintech players, and made it clear that the onus is on such entities to operate in a balanced way.
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IPO-bound MobiKwik's total income rises 80% in FY22
Mon, Sep 05, 2022
"The most significant milestone was turning EBITDA (earnings before interest, taxes, depreciation, and amortisation) profitable in the second half, a rarity in the tech world which reflects our ethos of remaining at the forefront of fintech innovation, growing rapidly but with capital efficiency.
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Sebi internship programme date extended: Get a chance to work with market regulator; know eligibility and how to apply
Tue, Aug 02, 2022
The internship programme has been proposed for a contiguous period of a minimum of 1 year, which may comprise either 2 semesters and 1 summer or winter internship period or 3 trimesters and 1 summer or winter internship period.
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Big tech firms offering financial services pose risk to financial stability: RBI
Fri, Jul 01, 2022
Big tech companies offering financial services pose risk to financial stability as their complex intertwined operational linkages with financial institutions could lead to contagion effect and potential anti-competitive behaviour, the RBI has said.
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Fintech's halt PPI loan, buy now pay later services as RBI restrictions posing challenges
Fri, Jun 24, 2022
Reserve Bank of India’s (RBI) restrictions on fintech companies providing credit through prepaid instruments is having an impact on their businesses. Several companies have halted transactions on their platforms for the customers. Zee Business’ Anurag Shah brings this report
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Funding Announcement News: Micro MSME fintech ARTH raises $2.5 million from DEG, MIT Alumni and US & Canadian angel investors
Tue, Jun 07, 2022
"At ARTH, we are trying to bring this refreshing change in financial services approach to being a proactive financing partner to the Micro MSME," Shweta Aprameya, Founder of ARTH, said.
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