Page 14 - Fintech

BharatPe's valuation crosses $2.85 bn in $370 mn in Series E equity round

The funding would help the firm compete and take on players such Pine Labs, Paytm and Mswipe

Jack Dorsey-run fintech platform Square to acquire Afterpay for $29 billion

Financial payments services firm Square, run by Twitter CEO Jack Dorsey, has announced to acquire Australian company Afterpay for $29 billion in an all-stock deal

New interoperable MF platform could queer the pitch for fintechs

Sebi's move has raised doubts over the role of players like Kuvera, Groww and Paytm Money. Currently, most users prefer these players for most activities that the new platform is designed to do

SBI, Axis Bank, ICICI Bank, others buy stakes in fintech firm IBBIC

Six banks State Bank of India, Axis Bank, Indian Bank, Yes Bank, IDBI Bank, and ICICI Bank on Tuesday said they have bought equity stakes in financial technology platform IBBIC.

IPOs of India's Paytm, South Korea's Kakao reveal Gen Z's banking vision

Internet-based businesses are raising funds at a record pace, making use of the boost given by the pandemic to all things digital

UK finance firm Tide raises $100mn in funding round led by Apax Digital

Company has a development centre in Hyderabad and plans a full launch in India next year

IDBI Intech eyes fintech firms for takeover as it expands in Europe, Asia

Firm currently has 20 fintechs in its fold; ties up with Lemon Advisors to expand overseas

Hybrid fintech firm Choice International FY21 net profit at Rs 167 mn

BSE-listed Choice International Limited, a fintech conglomerate, reported a net profit of Rs 167 million on a revenue of Rs 1,687 million for the financial year 2020-21

Paytm said to target $3-billion IPO, largest ever for India: Report

If successful, Paytm's initial share sale would surpass Coal India Ltd.'s offering, which raised more than Rs 15,000 crore in 2010 in the country's largest IPO so far

GST Council meet on Friday; pvt fintech firms set to enter e-invoicing zone

GST Council may green-light entry given disappointing progress

Fintech hub at GIFT City: IFSCA in talks with overseas regulators

IFSCA in talks with 10 foreign counterparts to help Indian fintech firms expand globally

Pine Labs secures $285 mn funding, unicorn firm's valuation tops $3 bn

Company offers merchants payment technology and working capital; it started as a retail solutions player in petroleum.

Paytm says recorded 1.4 billion transactions in March

The firm said it continues to register, on average, 15% month-on-month growth

Up 1,262% in a year, this IT stock has now scaled fresh record high

Intellect Design Arena today announced that it has bagged a large deal from Concentra Bank to power its exciting new digital banking strategy.

Learning to be flexible in a changing world

As India looks to solidify its position as a competitive global commerce hub, it is essential to deepen economic integration and lower trade costs. The key to achieving this is trade digitisation

Pony Ma's Tencent Holdings faces broad China clampdown on fintech, deals

Antitrust regulator fines twelve companies under anti-monopoly law

Google Pay to give users greater control over financial data, says company

Starting next week, the Google Pay app settings will provide users with more controls to decide how their Google Pay activity is used to personalise features within the app

China weighs tighter regulations on STAR Board IPOs, fintech curbs

Regulators have also pledged to rein in China's fintech firms, a move marked by the abrupt suspension of Ant's $35 billion listing

Paytm starts services for business to accept card payments on Android phone

Paytm has partnered with financial services institutions, including Visa and MasterCard, for facilitating card payments for Smart PoS

Explained: What is NUE licence for retail payments and who's interested?

Customer retention, gains from float money and product innovation are the key reasons for banks to jump on the new for-profit platform for retail payments