Neo-banks

Private equity major Apax Partners offloads 2.14% in Shriram Finance

Dynasty Acquisition, an affiliate firm of the PE player, sold close to 8 million shares at Rs 1,300 apiece

Neobanking start-up Jupiter raises Rs 100 cr in venture debt from Alteria

Mumbai, Bengaluru-based company will use money to expand its lending products

Fintech challenge is a fantasy

Digital banks are a threat, not so much to banks as to banking stability on account of the systemic risk they pose

50% customers ready to switch banks in next 12 months: Bain & Company

If it's a good deal, many willing to shift to fintech players, neo banks, among others

Neobanking startup Zolve raises $40 million at $210 million valuation

The neobank has seen 70,000 sign-ups on its platform and has 6,000 monthly active users

Don't compare us with legacy banks: Aeldra Financial's Sukeert Shanker

We want to be the first truly global consumer bank. Some banks have an international presence, but continue to be country-bound on the consumer side, says Shanker

Meet the entrepreneurs who have made life easier for MSMEs with neo-banking

Open is a start-up that offers a current account with integrated tools like invoicing, online payments and automated accounting engine to help MSMEs manage their business finances

The 'Neo-Banks' are finally having their moment

Chime, the biggest new name to pop up, has opened two million fee-free online checking accounts and is adding more customers each month than Wells Fargo or Citibank