fintech
- Business
Fintech company Lendingkart raises Rs 200 cr from EvolutionX Debt Capital
New Delhi: Fintech company Lendingkart on Tuesday said it has raised Rs 200 crore in long-term debt funding from growth-stage debt financing platform EvolutionX Debt Capital. The company said it will use…
- Technology
IBM acquires Apptio for $4.6 bn in all-cash deal
San Francisco: Tech major IBM on Monday announced it is acquiring Apptio, a leader in financial and operational IT management and optimisation (FinOps) software, for $4.6 billion in an all-cash deal. The…
- Technology
Google to set up global fintech operation centre in Gujarat: Pichai
Washington: Alphabet and Google CEO Sundar Pichai has announced the company will open its global fintech operation centre at GIFT City in Gujarat. After meeting Prime Minister Narendra Modi here on Friday…
- Technology
Pepper Group to invest $150 mn to establish a fintech in India
New Delhi: Global consumer finance company Pepper Group on Monday said it will invest $150 million over the next four years to establish a fintech in India. The fintech, under the Pepper…
- Technology
Spending on regulatory tech to reach $207 bn globally by 2028
New Delhi: Global spending on reg tech (regulatory technology) by financial institutions and other industries will increase by 124 percent to reach $207 billion by 2028 from $83 billion this year, a…
- Technology
Fintech unicorn Taxfix lays off 120 employees to cut costs
London: Europe’s leading mobile tax platform Taxfix has reportedly laid off 120 employees, or 20 percent of its workforce, amid funding winter to cut costs. The job cuts come in the wake…
- Hyderabad
IFSCA inks MoU with IHub-Data, IIT- Hyderabad to support FinTech
Hyderabad: International Financial Services Centres Authority (IFSCA) and IHub-Data, IIIT Hyderabad signed an MoU at IIIT Hyderabad campus today. This MoU aims to put in place a framework for cooperation and understanding…
- India
ED freezes 150 bank accounts in illegal betting case
New Delhi: The Enforcement Directorate (ED) said on Saturday that it recently carried out a search operation at a fintech company which resulted in the identification and freezing of 150 bank accounts…
- Business
Fintech startups in India raised $5.65 bn in 2022, a 47% drop from 2021
New Delhi: Fintech startups in India raised $5.65 billion in 390 rounds last year, a massive drop of 47 per cent in terms of funding amount and 29 per cent in the…
- Business
Fintech firm Money View raises $75 mn to scale core credit biz
Bengaluru: Fintech company Money View on Monday announced it has raised $75 million in its ongoing Series E funding led by UK-based asset manager Apis Partners, at a valuation of $900 million.…
- Business
CarDekho to infuse $100 mn in its fintech subsidiary Rupyy
New Delhi: IPO-Bound car search platform CarDekho Group on Monday said it aims to infuse $100 million in its Fintech entity called Rupyy in a mix of debt and equity. Rupyy crossed…
- India
RBI looking at phased implementation strategy to launch digital currency
New Delhi: The Reserve Bank of India (RBI) is looking at a phased implementation strategy to unveil the central bank digital currency (CBDC). It has made this observation in a concept note…
- Business
PayU calls off $4.7 bn acquisition of Indian fintech major BillDesk
New Delhi: In a significant move, PayU (owned by Prosus) on Monday called off the $4.7 billion acquisition of Indian digital payments provider BillDesk, saying that “certain conditions precedent were not fulfilled”…
- Technology
Fintech platform Mintoak enabling banks to digitally empower merchant ecosystem
New Delhi: India’s fintech market is expected to reach $1 trillion by 2030, from $31 billion in 2021, according to Chief Economic Advisor Dr V. Anantha Nageswaran. As the fintech industry aims…
- Business
RBI Governor stresses fintech’s role as a force multiplier
New Delhi: RBI Governor Shaktikanta Das in his address to the https://www.siasat.com/tag/global-fintech/ Fest (GFF) 2022 marked the theme of his talk as Fintech as a Force Multiplier. “Technology, innovation and fintech are…
