Page 11 - Fintech

LenDenClub raises $10 mn in funding round, plans $1 bn loan book by FY23

Founded in 2016, LenDenClub uses technology to bring borrowers and investors on its platform.

What explains the lure of pay-later cards like Slice and Uni?

New pay-later cards are making their way into people's wallets, who don't even have a credit history. Let us find out why these pay-later cards are catching up and what is luring people towards them

Best of BS Opinion: Next big tech revolution, status quo on rates, and more

Here is the best of Business Standard's opinion pieces for Monday

Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai

India's tech sector to employ 10 mn engineers in next 10 years, says former Infosys CFO at InFinity Forum

Fintech helping tackle black money, low tax-GDP ratio: Rajeev Chandrasekhar

In a jibe that seemed to be directed at China, the Union minister said that India is boosting its digital economy and entrepreneurs at a time when some countries are demolishing their start-ups

Need to convert Fintech initiatives into Fintech revolution: PM Modi

Prime Minister Narendra Modi underlined the need for converting Fintech initiatives into Fintech revolution to provide a low-cost and reliable payment system to the masses

The wrong regulator for fintech

There has to be accountability for the central bank's errors in the past

LIVE: CA arrested by ED in Mumbai in Rs 1,100-cr money laundering case

ED arrested Ravi Kumar, a Chartered Accountant (CA) at HAR Associates, Delhi on Nov 27

Indian banks behind on digital adoption, it's time to wake up: Uday Kotak

Says banks must be able to feed huge data being churned out by the financial system into analytics and ML. Turnaround time must give an MSME clarity on a loan in minutes, if not seconds

Indians' 'immense trust' in fintech must be respected, says PM Modi

PM calls fintech a 'revolution that helps to achieve financial empowerment of every single citizen of the country'.

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

PM Modi will inaugurate FinTech leadership forum on December 3

The forum will witness participation from over 70 countries

McLaren SPAC looking for fintech with path to profitability: Sajan Pillai

Sajan Pillai tells 'Business Standard' what kind of company makes a good acquisition target for a SPAC.

McLaren Technology plans to acquire major stake in Indian fintech firm

The California-based firm is looking to acquire a significant stake in an Indian fintech company

The financial world has to rethink the way it caters to women: salt.com CEO

Shinjini Kumar, the firm's co-founder and CEO spoke to Raghu Mohan

Paytm's GMV up 131% to $11.2 billion in Oct as festive-time spends rise

The company, in a disclosure to the exchanges, said that the growth was driven by the festive season and an increase in number of merchants and consumers

The risk factor

New-age tech firms are inherently more risky

Fintech start-up PhonePe to buy back ESOPs worth Rs 135 cr from employees

In Dec last year, PhonePe launched a program to allot ESOPs to its 2,200 employees starting at a minimum of Rs 3.5 lakh, cumulatively worth Rs 1,500 crore

Karnataka sets up fintech task force with Razorpay, Zerodha founders

The task group will work towards creating a roadmap for the growth of the industry, identifying the opportunities and challenges faced by the fintech ecosystem

Velocity raises $20 mn in funding round led by Peter Thiel's Valar Ventures

The fintech firm plans to deploy over Rs 1000 crore in India's e-commerce brands