fintech
Finance
Fintech unicorn Groww picks up majority stake in in-house lending arm
Tiger Global-backed online investing platform Groww, which became the largest stock broker in terms of active users last year after ......
TMT
RBI issues draft framework for fintech self-regulatory body
Indian financial technology (fintech) firms should create a self-regulatory organisation (SRO) that will ensure statutory and regulatory compliance, the Reserve ......
Opinion
What fintech ventures in India must do to manage regulatory risks
India has the highest fintech adoption rates in the world at 87% as compared to the world’s average of 67%. ......
General
Scope raising $45 mn for VC fund to invest in fintech, gaming sectors
Startup-focussed networking platform Scope is raising $45 million (around Rs 375 crore) for its maiden venture capital fund that will primarily ......
Finance
Banks, NBFCs ask fintech firms to limit tiny personal loans amid RBI scrutiny
Top Indian banks and non-bank lenders have asked their fintech partners to curtail issuing tiny personal loans, three banking and ......
Finance
Temasek-backed OneCard spent around Rs 2 to earn one rupee from operations in FY23
Temasek-backed credit card startup OneCard saw its loss widen in the financial year through March 2023, despite an impressive jump ......
Finance
RBI to permit default loss guarantee arrangements in digital lending
The Reserve Bank of India (RBI) will put in place a regulatory framework to permit default loss guarantee arrangements for ......
Finance
Jupiter, Refyne backer QED looks for more fintech bets in India
Global fintech-focused venture capital firm, QED Investors, plans to invest a substantial part of its new $925 million fund in ......
Finance
How dealmaking in financial inclusion sector panned out last year
Private investments in Indian startups that seek to drive financial inclusion fell last year but remained double the level two ......
Finance
Elevation Capital to expand focus on fintech space, financialisation of savings
Early-stage to growth-equity investment firm Elevation Capital, backer of the likes of Paytm, Swiggy, Acko, ShareChat and Meesho, among others, ......