Page 5 - Fintech Sector

Fintech firm WeRize eyes $200 mn annualised revenue run rate by 2025

It has been able to gather more than billion data points over the last 2.5 years of its customers, which helps the company to design better and customise financial products.

Fintech firms demand further liberalisation of tax regime in Budget

The fintech industry has urged Finance Minister Nirmala Sitharaman to further liberalise the tax regime for financial sector startups in the forthcoming Budget

Top Headlines: 3rd Covid shot 9 mths after 2nd jab, launch of commercial 5G

The central government said that 3rd dose will be given nine months after second dose while covaxin will only be provided to children aged 15-18

Modernisers and revivalists: How Mr Modi compares with Nehru

Both Mr Modi and Nehru have been modernisers, but their records of projects have similarities and contrasts, writes T N Ninan

Fintech unicorn Razorpay aims to achieve $90-bn TPV by the end of 2022

The firm powers payments for over 8 million businesses that include Facebook, Ola, Zomato, Swiggy

Despite privatisation of PSU banks, low-cost banking needs digital approach

The scope of banking is much more than can be read from the current rate of credit growth to industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago

India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global

Going ahead, experts see the fintech landscape changing rapidly in India as digitisation of customers and merchants opens up new possibilities for players to provide financial services

This South Korean used his telecom biz to build a thriving fintech in India

Charlie Lee's firm True Balance leverages on its mobile phone balance checking business to assess and disburse loans with simple documentation in a matter of minutes

We have processed over $20 billion in transactions: Open CEO Anish Achuthan

We have an advantage over fintechs that offer lending based on credit bureau scores or conventional bank statements, said Achuthan

BharatPe plans $5 bn loan book to help small businesses with credit: CEO

Company expects growth from Unity Small Finance Bank, its joint venture with Centrum Group, says Suhail Sameer

The market has become a lot more real of late: PB Fintech's Dahiya, Bansal

The company is looking to raise Rs 5,700 crore at a Rs 44,000-crore valuation

Poonawalla Fincorp's net profit jumps 153% to Rs 96 cr in Sept quarter

Poonawalla Fincorp on Wednesday reported a 153 per cent jump in its consolidated net profit to Rs 96 crore in the quarter ended September 2021.

BharatPe raises Rs 100 crore in debt from MAS Financial Services

This is the eighth round of debt fund raise for the company in 2021. BharatPe has raised over Rs 600 crore (about USD 84 million) in debt this calendar year

Boom time: 31 and counting, happy hour for India's unicorn club

The great unicorn rush, that started with Digit Insurance this year, has covered diverse sectors from fintech to e-shopping and even cloud kitchen

Progcap raises $30 mn in Series C funding led by Tiger Global, Creation

Progcap has raised $55 million in total since the last three months and is positioned as the largest fintech in the corporate-led retailer financing space in India

Data privacy, safeguarding client details important: FM Sitharaman

Sitharaman added that safeguard of client data is the backbone to bringing trust

Y Combinator-backed fintech Karbon raises $12 mn in pre-Series A round

Karbon will use the funds to step up its product development, hiring plans and operations. It expects to double its headcount to 60 over next 6 months

Indian fintech market poised for multi-fold growth for newer biz models

India, as the KPMG report suggests, is a unique market where the regulator has been actively involved in giving access to new-age fintech players

India's fintech market to triple to Rs 6.2 trn by 2025: MoS Finance Karad

The govt's various initiatives have led to fast growth in the fintech sector, which is likely to triple to Rs 6,20,700 crore in value terms by 2025, Minister of State for Finance Bhagwat K Karad said

Late stage technology deals at an all time high in India: IVCA-EY report

Among overall sector-wise trends and deals, fintech (financial technology) topped the charts with 61 deals followed by edtech (education technology) with 42 deals.