fintech
- Middle East
India, Saudi Arabia exploring collaboration in fintech, clean hydrogen
New Delhi: India and Saudi Arabia are exploring collaboration in emerging fields like fintech, new technologies, energy efficiency, clean hydrogen, textiles and mining to further boost trade and investment ties, an official…
- News
India’s fintech startups grow fivefold in last three years
New Delhi: India’s financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has…
- Business
Fintech firm Partior raises over $60 million in funding
New Delhi: Fintech company Partior on Friday announced the first close of over $60 million Series B round led by the venture capital and growth investing firm Peak XV Partners. The round…
- Business
India ranks 3rd in fintech funding globally in Jan-June period
Bengaluru: India’s fintech ecosystem achieved a significant milestone in the first half of this year by ranking among the top three funded globally, alongside the US and the UK, a report showed…
- Business
Fintech startup BharatX acquires Zenifi to enter medical lending market
New Delhi: Y-Combinator-backed BNPL fintech startup, BharatX on Wednesday announced that it has acquired healthcare finance startup Zenifi to enter the medical lending segment. As part of the deal, the co-founder and…
- Business
Fintech firm Lendingkart raises $10 mn for onward lending activities for MSMEs
New Delhi: Fintech company Lendingkart, on Tuesday, said that it raised $10 million by way of external commercial borrowing from a fund managed by a leading global impact investment manager and member…
- Business
India’s fintech sector logs robust 59 pc growth in Q1 2024
New Delhi: India secured the third position globally in terms of funding raised for the fintech sector in the first quarter (Q1) of this year, a report showed on Friday. Total funding…
- Business
SCOPE VC invests in AuthPay to foster fintech innovation
New Delhi: SCOPE VC, the investment banking arm of the invite-only networking platform SCOPE, on Monday, said that it has invested $450,000 in fintech startup AuthPay. This investment follows SCOPE VC’s recent…
- Business
Fintech firm Brex cuts 20% of jobs in restructuring exercise
San Francisco: US-based fintech company Brex has laid off about 20 per cent of its workforce, or 282 employees, in a restructuring exercise. “Today we’re restructuring Brex to become a high-velocity company.…
- Business
Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%
New Delhi: Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 crore in profit in FY23 as compared to Rs 31 crore in FY22,…
- Business
Paytm narrows loss to Rs 292 crore in Jul-Sept quarter
New Delhi: Fintech company One97 Communications, which operates under the Paytm brand, on Friday reported a narrowing of consolidated loss to Rs 291.7 crore in the second quarter ended September 30, 2023.…
- Business
Fintech firm Bright Money raises $62 mn in equity, debt round
Bengaluru: Consumer fintech company Bright Money on Wednesday announced it has raised $62 million in an equity and debt round. The funding includes $50 million in debt from Encina Lender Finance and…
- Technology
India’s fintech ecosystem to reach $70 bn in annual revenue by FY30
New Delhi: India’s fintech ecosystem, the third-largest globally, is expected to reach a scale of $70 billion in annual revenue by FY30, accounting for 18-20 per cent of the addressable financial services…
- Technology
New accelerator programme for fintech startups in India launched
New Delhi: A new fintech accelerator programme called “inFINity” for early-stage Indian startups launched on Wednesday by the online payments solutions provider PayU in collaboration with the cloud services providers — Amazon…
- Technology
Fintech company Payoneer to lay off 200 employees: Report
New Delhi: Fintech company Payoneer is laying off 200 employees, about 10 per cent of its workforce, four months after appointing a new CEO, the media reported. The company, which has a…
